| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 72.92 Million |
| Market Size (2030) | USD 103.27 Million |
| CAGR (2025 - 2030) | 7.21 % |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
India Electrocardiograph (ECG) Market Analysis
The India Electrocardiograph Market size is estimated at USD 72.92 million in 2025, and is expected to reach USD 103.27 million by 2030, at a CAGR of 7.21% during the forecast period (2025-2030).
An electrocardiograph (ECG) is a critical medical device utilized to record the heart's electrical activity. In India, the ECG market has been experiencing significant growth, driven by factors such as the increasing prevalence of cardiovascular diseases, advancements in technology, and heightened awareness regarding cardiovascular health. Additionally, the expansion of healthcare infrastructure and a growing emphasis on preventive healthcare is anticipated to further propel the growth of the ECG market in India in the coming years.
The high incidence of cardiovascular diseases is a key driver of the India ECG market, as it escalates the demand for advanced diagnostic tools that support early detection and continuous monitoring of heart conditions. This trend is further reinforced by increased healthcare investments and technological progress, which enhance the accessibility and efficiency of cardiovascular diagnostics. For instance, according to a study published in Cardiovascular Therapeutics in June 2024, the rising burden of cardiovascular diseases (CVDs) in India with a prevalence rate of over 7.5%, particularly among older adults, thereby propelling the growth of the ECG market. With a high prevalence of risk factors like hypertension, diabetes, and obesity, there is a growing need for accessible and cost-effective diagnostic tools, including ECG devices, to facilitate early detection and management.
Moreover, technological innovations in ECG devices have significantly improved accessibility for both healthcare providers and patients, making these tools more user-friendly. These advancements, which include enhanced accuracy, connectivity, and ease of use, are directly influencing market dynamics. For instance, in May 2023, SanketLife introduced SanketLife 2.0, a compact, pocket-sized ECG device capable of detecting cardiac symptoms with a single reading and instantly sharing data with healthcare providers. Featuring three sensors, the device requires contact with any two sensors on different body parts to capture a complete ECG. This innovation is set to accelerate the growth of the ECG market by making cardiac monitoring more accessible, efficient, and user-friendly.
In conclusion, the rapid expansion of India's ECG market is driven by increasing cardiovascular disease prevalence, and growing healthcare investments, enhancing accessibility, early diagnosis, and continuous monitoring for improved cardiac care outcomes. However, the high costs associated with advanced ECG devices pose a challenge, potentially restraining the market's expansion in India during the same period.
India Electrocardiograph (ECG) Market Trends
Holter ECG Systems Segment is Expected to Have Significant Growth in the Market Over the Forecast Period
India’s Holter ECG systems segment is experiencing significant growth, underscoring its critical role in addressing modern healthcare requirements. This expansion is driven by increasing demand for continuous cardiac monitoring, advancements in Holter monitor technology, and growing public awareness of cardiovascular health issues. These factors collectively highlight the segment's importance in meeting the broader ECG market's need for accurate and efficient diagnostic solutions.
Holter monitors, which continuously record ECG data for 24 to 48 hours or longer, are indispensable in the cardiac monitoring market. They are particularly effective in detecting intermittent arrhythmias and other cardiac abnormalities that standard ECGs often fail to identify. This extended monitoring capability is essential for diagnosing sporadic conditions that may not be evident during brief examinations.
For instance, according to a study published in the Indian Heart Journal in June 2024, the increasing recognition of atrial fibrillation (AF) as a significant stroke risk factor, coupled with its high undiagnosed prevalence due to asymptomatic cases and paroxysmal nature, is driving the need for advanced diagnostic tools like Holter monitors. Additionally, the study highlighted the limitations of standard ECG in detecting short-duration AF episodes and emphasizes the clinical significance of early AF identification for improved patient outcomes. As a result, these factors are accelerating the adoption of Holter ECG technology, positioning it as a crucial segment in India's expanding ECG market.
In conclusion, the growing demand for advanced cardiac monitoring, coupled with technological innovations and the increasing adoption of AI-driven solutions, is driving substantial growth in India's Holter ECG system segment, reshaping the dynamics of the country's ECG market.
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ECG Management Software is Expected to Have Fastest Growth in the Market Over the Forecast Period
ECG management software, a specialized application, enables healthcare providers to record, manage, analyze, and store electrocardiogram (ECG) data efficiently. The growing market for ECG management software in India is closely tied to the increasing adoption of digital health technologies, which streamline healthcare operations and improve patient outcomes. Additionally, the rising demand for efficient electronic health record (EHR) management and the ongoing expansion of healthcare services are driving market growth. Furthermore, innovations in artificial intelligence (AI), machine learning (ML), and cloud-based solutions are enhancing the functionality of ECG management software, making it a critical tool across various healthcare settings and further accelerating its adoption.
ECG management software plays a crucial role in population health initiatives by enabling the monitoring of at-risk patients and the proactive management of chronic conditions, such as those requiring percutaneous coronary intervention (PCI) for heart disease. The growing adoption of this software aligns with the increasing demand for efficient healthcare solutions in the market. For instance, according to a study published in the Optics & Laser Technology in October 2024, the integration of real-time health monitoring, AI-driven ECG analysis, and cloud-based remote healthcare solutions is driving advancements in ECG management software by enhancing accuracy, accessibility, and efficiency in cardiovascular disease detection. Additionally, the increasing adoption of mobile healthcare services and seamless, non-contact ECG monitoring is addressing the growing demand for proactive cardiac care. These technological innovations are accelerating the expansion of the ECG management software segment in the India ECG market by improving diagnostic capabilities and streamlining patient monitoring.
In conclusion, the expanding ECG management software market in India is driven by advancements in AI, cloud-based solutions, and mobile healthcare. These technologies enhance diagnostic accuracy, streamline patient monitoring, and support proactive cardiac care management.
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India Electrocardiograph (ECG) Industry Overview
The competitive landscape of the electrocardiograph (ECG) market in India is characterized by a mix of established companies and emerging players. The market is semi-consolidated yet dynamically competitive. Additionally, many companies offer specialized solutions, contributing to a vibrant and evolving ecosystem. Some of the major players in the market include Koninklijke Philips N.V., GE Healthcare, Nihon Kohden Corporation, Contec Medical Systems Co., Ltd, and SCHILLER, among others.
India Electrocardiograph (ECG) Market Leaders
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Koninklijke Philips N.V
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GE HealthCare
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Nihon Kohden Corporation
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SCHILLER
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Contec Medical Systems Co., Ltd
- *Disclaimer: Major Players sorted in no particular order
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India Electrocardiograph (ECG) Market News
- May 2024: OMRON Healthcare India collaborated with AliveCor India to launch AI-powered handheld ECG technology. This partnership enables OMRON Healthcare India to provide state-of-the-art AI-driven handheld ECG solutions.
- January 2024: Wellysis partnered with India’s bed monitoring solutions provider, Dozee, to integrate its advanced wearable ECG monitor, 'S-Patch,' into 50,000 hospital beds following a successful product launch in New Delhi. This collaboration marks a significant step in expanding Wellysis’s footprint in the Indian healthcare sector, enhancing real-time cardiac monitoring capabilities.
India Electrocardiograph (ECG) Industry Segmentation
As per the scope of the report, an electrocardiograph (ECG) is a medical device used to record the heart's electrical activity. The device captures the heart's electrical signals and produces a graphical representation known as an electrocardiogram. The India ECG market report provides a comprehensive analysis of the current state and growth potential of the ECG market in the country. The India electrocardiograph (ECG) market is segmented by product type, which includes resting ECG systems, stress ECG systems, Holter ECG systems, and ECG management software. The report offers the market size in terms of both value (in USD) and volume (in units) for the above segments.
| By Product Type | Resting ECG Systems |
| Stress ECG Systems | |
| Holter ECG Systems | |
| ECG Management Software |
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India Electrocardiograph (ECG) Market Research FAQs
How big is the India Electrocardiograph Market?
The India Electrocardiograph Market size is expected to reach USD 72.92 million in 2025 and grow at a CAGR of 7.21% to reach USD 103.27 million by 2030.
What is the current India Electrocardiograph Market size?
In 2025, the India Electrocardiograph Market size is expected to reach USD 72.92 million.
Who are the key players in India Electrocardiograph Market?
Koninklijke Philips N.V, GE HealthCare, Nihon Kohden Corporation, SCHILLER and Contec Medical Systems Co., Ltd are the major companies operating in the India Electrocardiograph Market.
What years does this India Electrocardiograph Market cover, and what was the market size in 2024?
In 2024, the India Electrocardiograph Market size was estimated at USD 67.66 million. The report covers the India Electrocardiograph Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Electrocardiograph Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
India Electrocardiograph (ECG) Industry Report
Statistics for the 2025 India Electrocardiograph (ECG) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Electrocardiograph (ECG) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
