South Korea ECG Market by Product (Resting ECG, Stress ECG, and Holter Monitors) Lead (Single Lead ECG, 3-6 Lead ECG, and 12 Lead ECG) and End User (Hospitals & Clinics, Home Settings & Ambulatory Surgical Centers, and Others): Opportunity Analysis and Industry Forecast, 2017 - 2025

January 2019 | 126 pages | ID: S2BBF0E7611EN
Allied Market Research

Abstracts

ECG market Overview:

Electrocardiograph (ECG) devices are used to record the heart activities through electric signals. These devices are amplified on the ECG monitor. They are essentially adopted across various medical set-ups to diagnose different types of heart diseases and arrhythmias in people; thereby, assisting the appropriate therapy for patients suffering from cardiovascular diseases (CVD). The South Korea ECG market was valued at $2.99 million in 2017 and is expected to reach $7.69 million by 2025, registering a CAGR of 12.3% from 2017 to 2025.

The key factors that drive the market growth include increase in number of CVD patients across South Korea and rise in demand for monitoring systems and portable cardiac rhythm management. In addition, surge in the geriatric population and favorable government regulations regarding the ECG devices supplement the market growth in South Korea. However, high costs associated with sophisticated ECG devices and increase in threat of market saturation are the factors anticipated to restrict the market growth. Conversely, increase in development of wireless communication and cloud computing is expected to provide lucrative opportunities for the growth of the market.

The South Korea ECG market is segmented into product, lead, and end user. Based on product, the market is divided into resting ECG, stress ECG, and Holter monitors. The Holter monitors are further bifurcated into wired and wireless Holter monitors. Based on lead, the market is classified into single lead, 3-6 lead, and 12-lead. Based on end user, it is categorized into hospitals & clinics, home settings & ambulatory surgical centers (ASCs), and others.

Key Market Benefits for ECG market:

• The study provides an in-depth analysis of the ECG devices and instruments, with current trends and future estimations to elucidate the imminent investment pockets.
• A quantitative analysis from 2017 to 2025 is discussed to enable the stakeholders to capitalize on the prevailing market opportunities.
• Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
• Porter’s five forces model is expected to interpret the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition among the key players.

ECG Key Market Segments:

By Product

• Resting ECGs
• Stress ECGs
• Holter Monitors
• Wired Holter Monitors
• Wireless Holter Monitors

By Lead

• Single Lead
• 3-6 Lead
• 12 Lead

By End User

• Hospitals & Clinics
• Home settings and Ambulatory surgical centers
• Others

The list of key players operating in this market includes:

• GE Healthcare (General Electric Company)
• Bionet Co., Ltd.
• Hill Rom Holdings, Inc.
• Koninklijke Philips N.V.
• Mediana Co., Ltd.
• Medtronic Plc.
• Mindray Medical International Limited
• Nihon Kohden Corporation
• OSI Systems Inc.
• Schiller AG
• CardioComm Solutions, Inc.
• AlivCor, Inc.
• Qardio, Inc.
• Omron Healthcare Europe B.V
• Beijing Choice Electronic Technology Co., Ltd. (ChoiceMMed)

The other players included in the value chain analysis (and not included in the report) include:

• Trismed Co., Ltd
• Johnson & Johnson
• Midmark Corporation
• Fukuda Denshi Co., Ltd

Contents

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
  1.4.1. Secondary research
  1.4.2. Primary research
  1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top investment pockets
3.3. Top player positioning, 2017
3.4. Porters five forces analysis
3.5. Market dynamics
  3.5.1. Drivers
    3.5.1.1. Rise in geriatric population in South Korea
    3.5.1.2. Favorable government regulations
    3.5.1.3. Technological advancements and portability of ECG devices
  3.5.2. Restraints
    3.5.2.1. High cost associated with ECG devices
    3.5.2.2. Unfavorable economic conditions and market saturation
  3.5.3. Opportunity
    3.5.3.1. Increase in development of wireless communications and cloud computing
3.6. OTC ECG Devices Market
  3.6.1. Overview
  3.6.2. Market size and forecast

CHAPTER 4: SOUTH KOREA ELECTROCARDIOGRAPH (ECG) MARKET, BY PRODUCT

4.1. Overview
  4.1.1. Market Size and Forecast
4.2. Resting ECG
  4.2.1. Key market trends and growth opportunities
  4.2.2. Market Size & Forecast
4.3. Stress ECG
  4.3.1. Key market trends and growth opportunities
  4.3.2. Market Size & Forecast
4.4. Holter Monitors
  4.4.1. Key market trends and growth opportunities
  4.4.2. Market Size and Forecast, by Product Type
  4.4.3. Market Size & Forecast
    4.4.3.1. Wired Holter monitors
      4.4.3.1.1. Market size & forecast
    4.4.3.2. Wireless Holter monitors
      4.4.3.2.1. Market size & forecast

CHAPTER 5: SOUTH KOREA ELECTROCARDIOGRAPH (ECG) MARKET, BY LEAD

5.1. Overview
  5.1.1. Market Size and Forecast
5.2. Single Lead ECG
  5.2.1. Market Size & Forecast
5.3. 3-6 Lead ECG
  5.3.1. Market Size & Forecast
5.4. 12-Lead ECG
  5.4.1. Market Size & Forecast

CHAPTER 6: SOUTH KOREA ELECTROCARDIOGRAPH (ECG) MARKET, BY END USER

6.1. Overview
  6.1.1. Market size and forecast
6.2. Hospitals & Clinics
  6.2.1. Market Size & Forecast
6.3. Home Settings & Ambulatory Surgical Centers (ASCs)
  6.3.1. Market Size & Forecast
6.4. Others
  6.4.1. Market Size & Forecast

CHAPTER 7: COMPANY PROFILES

7.1. BIONET CO., LTD.
  7.1.1. Company overview
  7.1.2. Company snapshot
  7.1.3. Operating business segments
  7.1.4. Product Portfolio
7.2. GE HEALTHCARE (GENERAL ELECTRIC)
  7.2.1. Company overview
  7.2.2. Company snapshot
  7.2.3. Operating business segments
  7.2.4. Product Portfolio
  7.2.5. Business performance
  7.2.6. Key strategic moves and developments
7.3. HILL ROM HOLDINGS, INC.
  7.3.1. Company overview
  7.3.2. Company snapshot
  7.3.3. Operating business segments
  7.3.4. Product Portfolio
  7.3.5. Business performance
  7.3.6. Key strategic moves and developments
7.4. KONINKLIJKE PHILIPS N.V.
  7.4.1. Company overview
  7.4.2. Company snapshot
  7.4.3. Operating business segments
  7.4.4. Business performance
  7.4.5. Product Portfolio
  7.4.6. Key strategic moves and developments
7.5. MEDIANA CO., LTD
  7.5.1. Company overview
  7.5.2. Company snapshot
  7.5.3. Operating business segments
  7.5.4. Product Portfolio
7.6. MEDTRONIC PLC.
  7.6.1. Company overview
  7.6.2. Company snapshot
  7.6.3. Operating business segment
  7.6.4. Product Portfolio
  7.6.5. Business performance
  7.6.6. Key strategic moves and developments
7.7. MINDRAY MEDICAL INTERNATIONAL LIMITED
  7.7.1. Company overview
  7.7.2. Operating business segment
  7.7.3. Product Portfolio
7.8. NIHON KOHDEN CORPORATION
  7.8.1. Company overview
  7.8.2. Company snapshot
  7.8.3. Operating business segments
  7.8.4. Product Portfolio
  7.8.5. Business performance
7.9. OSI SYSTEMS, INC.
  7.9.1. Company overview
  7.9.2. Company snapshot
  7.9.3. Operating business segments
  7.9.4. Product Portfolio
  7.9.5. Business performance
7.10. SCHILLER AG
  7.10.1. Company overview
  7.10.2. Company snapshot
  7.10.3. Operating business segment
  7.10.4. Product Portfolio
7.11. ALIVCOR, INC.
  7.11.1. Company overview
  7.11.2. Company snapshot
  7.11.3. Product Portfolio
7.12. BEIJING CHOICE ELECTRONIC TECHNOLOGY CO., LTD (CHOICEMMED)
  7.12.1. Company overview
  7.12.2. Company snapshot
  7.12.3. Product Portfolio
7.13. CARDIOCOMM SOLUTIONS, INC.
  7.13.1. Company overview
  7.13.2. Company snapshot
  7.13.3. Operating business segment
  7.13.4. Product Portfolio
7.14. OMRON HEALTHCARE EUROPE B.V.
  7.14.1. Company overview
  7.14.2. Company snapshot
  7.14.3. Product Portfolio
7.15. QARDIO, INC.
  7.15.1. Company overview
  7.15.2. Company snapshot
  7.15.3. Product Portfolio

List Of Tables

LIST OF TABLES

TABLE 01. SOUTH KOREA OTC ECG DEVICE MARKET, 2017-2025, ($THOUSAND)
TABLE 02. SOUTH KOREA ECG MARKET, BY PRODUCT, 2017-2025, ($MILLION)
TABLE 03. SOUTH KOREA ECG MARKET FOR HOLTER MONITORS, BY PRODUCT TYPE, 2017-2025, ($MILLION)
TABLE 04. SOUTH KOREA ECG MARKET, BY LEAD, 2017-2025, ($MILLION)
TABLE 05. SOUTH KOREA ECG MARKET, BY END USER, 2017-2025, ($MILLION)
TABLE 06. BIONET: COMPANY SNAPSHOT
TABLE 07. BIONET: OPERATING SEGMENTS
TABLE 08. BIONET: PRODUCT PORTFOLIO
TABLE 09. GE HEALTHCARE: COMPANY SNAPSHOT
TABLE 10. GE HEALTHCARE: OPERATING SEGMENTS
TABLE 11. GE HEALTHCARE: PRODUCT PORTFOLIO
TABLE 12. HILL ROM: COMPANY SNAPSHOT
TABLE 13. HILL-ROM: OPERATING SEGMENTS
TABLE 14. HILL-ROM: PRODUCT PORTFOLIO
TABLE 15. PHILIPS: COMPANY SNAPSHOT
TABLE 16. PHILIPS: OPERATING SEGMENTS
TABLE 17. PHILIPS: PRODUCT PORTFOLIO
TABLE 18. MEDIANA: COMPANY SNAPSHOT
TABLE 19. MEDIANA CO., LTD.: PRODUCT PORTFOLIO
TABLE 20. MEDTRONIC: COMPANY SNAPSHOT
TABLE 21. MEDTRONIC: OPERATING SEGMENT
TABLE 22. MEDTRONIC: PRODUCT PORTFOLIO
TABLE 23. MINDRAY: COMPANY SNAPSHOT
TABLE 24. MINDRAY: OPERATING SEGMENTS
TABLE 25. MINDRAY: PRODUCT PORTFOLIO
TABLE 26. NIHON KOHDEN: COMPANY SNAPSHOT
TABLE 27. NIHON KOHDEN: OPERATING SEGMENTS
TABLE 28. NIHON KOHDEN: PRODUCT PORTFOLIO
TABLE 29. OSI SYSTEMS: COMPANY SNAPSHOT
TABLE 30. OSI-SYSTEMS: BUSINESS SEGMENTS
TABLE 31. OSI-SYSTEMS: PRODUCT PORTFOLIO
TABLE 32. SCHILLER AG: COMPANY SNAPSHOT
TABLE 33. SCHILLER AG: OPERATING SEGMENT
TABLE 34. SCHILLER AG: PRODUCT PORTFOLIO
TABLE 35. ALIVECOR, INC.: COMPANY SNAPSHOT
TABLE 36. ALIVECOR, INC.: PRODUCT PORTFOLIO
TABLE 37. CHOICEMMED: COMPANY SNAPSHOT
TABLE 38. CHOICEMMED: PRODUCT PORTFOLIO
TABLE 39. CARDIOCOMM: COMPANY SNAPSHOT
TABLE 40. CARDIOCOMM: OPERATING SEGMENT
TABLE 41. CARDIOCOMM: PRODUCT PORTFOLIO
TABLE 42. OMRON HEALTHCARE EUROPE B.V.: COMPANY SNAPSHOT
TABLE 43. OMRON HEALTHCARE EUROPE B.V.: PRODUCT PORTFOLIO
TABLE 44. QARDIO, INC: COMPANY SNAPSHOT
TABLE 45. QARDIO, INC: PRODUCT PORTFOLIO

List Of Figures

LIST OF FIGURES

FIGURE 01. SOUTH KOREA ECG MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS, 2017
FIGURE 03. TOP PLAYER POSITIONING, 2017
FIGURE 04. MODERATE BARGAINING POWER OF BUYERS
FIGURE 05. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 06. MODERATE THREAT OF NEW ENTRANTS
FIGURE 07. LOW THREAT OF SUBSTITUTION
FIGURE 08. HIGH COMPETITIVE RIVALRY
FIGURE 09. MARKET DRIVERS, RESTRAINTS AND OPPORTUNITIES
FIGURE 10. SOUTH KOREA ECG MARKET FOR RESTING ECG, BY PRODUCT, ($MILLION), 2017-2025
FIGURE 11. SOUTH KOREA ECG MARKET FOR STRESS ECG, BY PRODUCT, ($MILLION), 2017-2025
FIGURE 12. SOUTH KOREA ECG MARKET FOR HOLTER MONITORS, BY PRODUCT, ($MILLION), 2017-2025
FIGURE 13. SOUTH KOREA ECG MARKET FOR WIRED HOLTER MONITORS, BY PRODUCT TYPE, ($MILLION), 2017-2025
FIGURE 14. SOUTH KOREA ECG MARKET FOR WIRELESS HOLTER MONITORS, BY PRODUCT TYPE, ($MILLION), 2017-2025
FIGURE 15. SOUTH KOREA ECG MARKET FOR SINGLE LEAD, BY LEAD, ($MILLION), 2017-2025
FIGURE 16. SOUTH KOREA ECG MARKET FOR 3-6 LEAD, BY LEAD, ($MILLION), 2017-2025
FIGURE 17. SOUTH KOREA ECG MARKET FOR 12 LEAD, BY LEAD, ($MILLION), 2017-2025
FIGURE 18. SOUTH KOREA ECG MARKET FOR HOSPITALS & CLINICS, BY END USER, ($MILLION), 2017-2025
FIGURE 19. SOUTH KOREA ECG MARKET FOR HOME SETTINGS & ASCS, BY END USER, ($MILLION), 2017-2025
FIGURE 20. SOUTH KOREA ECG MARKET FOR OTHER END USERS, BY END USER, ($MILLION), 2017-2025
FIGURE 21. GE HEALTHCARE: NET SALES, 20152017 ($MILLION)
FIGURE 22. GE HEALTHCARE: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 23. GE HEALTHCARE: REVENUE SHARE BY REGION, 2017(%)
FIGURE 24. HILL ROM: NET SALES, 20152017 ($MILLION)
FIGURE 25. HILL ROM: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 26. HILL ROM: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 27. PHILIPS: NET SALES, 20152017 ($MILLION)
FIGURE 28. PHILIPS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 29. PHILIPS: REVENUE SHARE BY REGION, 2017(%)
FIGURE 30. MEDTRONIC: NET SALES, 20152017($MILLION)
FIGURE 31. MEDTRONIC: REVENUE SHARE PER SEGMENT 2017(%)
FIGURE 32. MEDTRONIC: REVENUE SHARE BY REGION 2017(%)
FIGURE 33. NIHON KOHDEN: NET SALES, 20152017 ($MILLION)
FIGURE 34. NIHON KOHDEN: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 35. NIHON KOHDEN: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 36. OSI SYSTEMS, INC.: NET SALES, 2016-2018 ($MILLION)
FIGURE 37. OSI SYSTEMS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 38. OSI SYSTEMS.: REVENUE SHARE BY REGION, 2017 (%)