| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 20.20 Million |
| Market Size (2030) | USD 27.27 Million |
| CAGR (2025 - 2030) | 6.19 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Thailand Electrocardiograph (ECG) Market Analysis
The Thailand Electrocardiograph Market size is estimated at USD 20.20 million in 2025, and is expected to reach USD 27.27 million by 2030, at a CAGR of 6.19% during the forecast period (2025-2030).
An electrocardiograph (ECG) records surface potentials related to the heart's electrical activity. ECG monitoring, including resting ECGs, stress ECGs, and Holter monitors, aids in the detection and characterization of heart abnormalities.
The ECG market in Thailand has experienced growth driven by factors such as increasing cardiovascular disease risks, expanding healthcare infrastructure facilities, and government support to decline the burden of CVDs in the country. Furthermore, the projected expansion of private hospitals and greater integration of artificial intelligence and digital health solutions are anticipated further to propel the ECG market in Thailand in the future.
The significant burden of cardiovascular disease attributed to obesity and lack of physical exercice in Thailand fuels the demand for ECG devices to monitor heart health. For instance, in a retrospective study published in Health Science Reports in April 2024, about 20% of Thailand physicians aged 35–75 years had a moderate to very high risk of developing cardiovascular disease (CVD) during 2022-2032. This highlights a significant opportunity for the electrocardiogram (ECG) market in Thailand, as the rising prevalence of cardiovascular risks among healthcare professionals and the broader population is likely to drive demand for advanced diagnostic tools, including ECG devices.
The growing government focus to reduce the burden of CVDs, further promote market growth. For instance, an article published in BMC Public Health Journal in November 2024, highlighted that Thailand aims to decrease premature deaths caused by cardiovascular diseases (CVD) and other noncommunicable diseases (NCDs) by 25% by 2025. The growing focus on reducing CVD-related mortality is expected to drive the demand for electrocardiogram (ECG) devices in Thailand. This aligns with the country's healthcare initiatives, creating significant growth opportunities in the Thailand ECG market during the forecast period.
Thus, the ECG market in Thailand is expected to witness significant growth in the coming years, driven by the high prevalence of cardiovascular risks and government-backed healthcare initiatives. However, the high cost of advanced ECG systems is likely to be less adopted by the small clinics and rural hospitals, thus limiting the ECG market growth in Thailand.
Thailand Electrocardiograph (ECG) Market Trends
Resting 12-Lead ECG Systems Segment is Expected to Have Significant Growth in the Market Over the Forecast Period
A resting 12-lead ECG is a diagnostic tool that measures the heart's electrical activity at rest, aiding in the detection of arrhythmias, heart attacks, and other cardiovascular issues. The segment growth is driven by various factors, such as the rising investments in hospital infrastructure and expansion of preventive healthcare and routine screenings.
The high burden of the geriatric population is anticipated to drive the demand for routine ECG tests for early heart disease detection, thus contributing to the segment growth. For instance, the data published by the World Health Organization (WHO) in February 2023 highlighted that Thailand, with a total population of 67 million, had 12 million elderly citizens in 2023. This qualified the country as an 'aged society,' with those aged 60 and over comprising 10% of the population. Projections indicate a significant increase in the elderly population to 28% by 2035, transforming Thailand into a 'super-aged society.' As Thailand transitions into a 'super-aged society,' the demand for advanced diagnostic tools like Resting 12-lead ECG systems is anticipated to grow significantly, supporting early detection and management of heart-related conditions.
Moreover, the government is actively backing the advancement of ECG machines, streamlining regulatory processes to hasten product market launches. For instance, in January 2024, the Thai Food and Drug Administration (FDA) accelerated the registration process for the production and import of medical devices like resting 12-lead ECG or EKG machines used to prevent non-communicable diseases, such as cardiovascular disease. Thus, such government supportive measures are expected to drive the segment growth.
Thus, the resting 12-lead ECG system segment in Thailand's ECG market is expected to witness significant growth, driven by the high burden of the geriatric population and supportive government initiatives. These factors collectively position the segment as a critical component in addressing the rising burden of cardiovascular diseases in the country.
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Stress ECG Systems is Expected to Have the Fastest Growth in the Market Over the Forecast Period
A stress ECG system, also called an exercise or treadmill ECG, assesses heart function under physical stress. In contrast to a resting ECG, which records heart activity at rest, a stress ECG monitors heart activity during exercise to uncover potential heart issues not evident during rest.
The significant burden of obesity, which leads to an increase in the risk of cardiovascular diseases (CVDs) such as coronary artery disease, hypertension, and heart failure, fuels the need for stress ECG systems to assess heart function under stress in obese individuals at risk of CVD. For instance, in 2023, Thai Ministry of Health data showed that almost half of Thailand's population was overweight or obese in 2023, a situation estimated to cost the country 4.9% of its GDP. Thus, Thailand's ECG market is poised for steady growth in the stress ECG system segment, driven by the nation's obesity challenges and the consequent rise in CVD risks.
The rising number of private hospitals and cardiac centers is creating a greater need for high-quality stress ECG equipment. For instance, in March 2023, Bumrungrad International Hospital launched a state-of-the-art Heart Institute in Thailand dedicated to treating a comprehensive range of cardiac conditions. Recognizing the crucial role of preventative care, the hospital is committed to promoting healthy lifestyles, implementing screening programs, and ensuring early detection of risk factors like hypertension and hypercholesterolemia. The institute aimed to be a leading center of excellence in all aspects of cardiology, including the management of coronary artery disease, arrhythmias, advanced heart failure, heart transplantation, structural heart disease, cardiogenetics, congenital heart disease, cardiac screening, and preventative therapies. Consequently, as private hospitals expand, they're likely to incorporate stress ECG systems into their preventive care initiatives, underscoring the heightened emphasis on early detection and management of cardiac risks, thereby fueling segment growth.
Therefore, the stress ECG system segment in Thailand's ECG market is expected to experience sustained growth, driven by rising obesity rates and the expansion of private healthcare facilities. The increasing emphasis on preventative care and early detection of cardiac risks further solidifies the segment's potential for long-term development and adoption.
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Thailand Electrocardiograph (ECG) Industry Overview
Thailand's ECG market is moderately fragmented, characterized by competition between global and local companies across various product categories such as resting ECG, stress ECG, Holter monitors, and ECG management software. Global brands primarily lead in the high-end hospital sector, while local and regional players contend for market share in the lower to mid-range ECG device segments. Some of the key market players include Koninklijke Philips N.V, GE Healthcare, Nihon Kohden Corporation, Schiller AG and BPL Medical Technologies, among others.
Thailand 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 AG
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BPL Medical Technologies
- *Disclaimer: Major Players sorted in no particular order
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Thailand Electrocardiograph (ECG) Market News
- January 2025: The Bangkok Metropolitan Administration (BMA) introduced a mobile medical and public health unit to the Khlong Toei Recreation Center, under the company's "Bangkok Cares for Your Health" initiative. This unit provided various public health services, including health screenings, blood tests, medical consultations, basic medications, and ECG services. The project's goals are to enhance access to medical care, promote disease prevention, boost health awareness, and ensure timely health advice and treatment. The deployment of ECG services as part of this initiative reflects the growing demand for accessible cardiac care in Thailand.
- April 2024: Vejthani Hospital has launched evening clinics at its Specialized Medical Center in Thailand, including the Cardiac Center. This move aims to give patients easier access to medical care, alleviating concerns about time constraints. The evening clinics boast a calming ambiance and shorter waiting times. Consequently, such initiatives, like Vejthani Hospital's evening clinics, bolster market expansion by enhancing accessibility and patient convenience.
Thailand Electrocardiograph (ECG) Industry Segmentation
As per the scope of the report, an electrocardiogram (ECG) is a diagnostic tool that records the heart's electrical activity, specifically its rate and rhythm, producing a visual representation. The Thailand ECG market report provides a comprehensive analysis of the current state and growth potential of the ECG market in the country. The Thailand electrocardiograph (ECG) market is segmented by product type, which includes resting (12-lead 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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Thailand Electrocardiograph (ECG) Market Research FAQs
How big is the Thailand Electrocardiograph Market?
The Thailand Electrocardiograph Market size is expected to reach USD 20.20 million in 2025 and grow at a CAGR of 6.19% to reach USD 27.27 million by 2030.
What is the current Thailand Electrocardiograph Market size?
In 2025, the Thailand Electrocardiograph Market size is expected to reach USD 20.20 million.
Who are the key players in Thailand Electrocardiograph Market?
Koninklijke Philips N.V., GE Healthcare, Nihon Kohden Corporation, Schiller AG and BPL Medical Technologies are the major companies operating in the Thailand Electrocardiograph Market.
What years does this Thailand Electrocardiograph Market cover, and what was the market size in 2024?
In 2024, the Thailand Electrocardiograph Market size was estimated at USD 18.95 million. The report covers the Thailand Electrocardiograph Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thailand Electrocardiograph Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Thailand Electrocardiograph (ECG) Industry Report
Statistics for the 2025 Thailand Electrocardiograph (ECG) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand 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.
