Asia: Ecg Market 2025

Ecg Market Size in Asia

In 2021, the Asian ECG market decreased by -7.6% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Ecg Production in Asia

In value terms, ECG production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 25%. The level of production peaked at $X in 2020, and then declined in the following year.

Ecg Exports

Exports in Asia

In 2021, overseas shipments of electro-cardiographs increased by 13% to X units, rising for the third year in a row after two years of decline. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.1% against 2018 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, ECG exports skyrocketed to $X in 2021. Overall, exports showed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 50%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, China (X units) was the main exporter of electro-cardiographs, mixing up 50% of total exports. It was distantly followed by India (X units), Singapore (X units), South Korea (X units) and Malaysia (X units), together constituting a 41% share of total exports. The following exporters - Hong Kong SAR (X units) and Japan (X units) - together made up 5.2% of total exports.

From 2012 to 2021, average annual rates of growth with regard to ECG exports from China stood at +6.9%. At the same time, Singapore (+19.1%), India (+15.3%), Malaysia (+14.8%) and Hong Kong SAR (+2.2%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +19.1% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-10.2%) illustrated a downward trend over the same period. India (+6.8 p.p.), Singapore (+6.3 p.p.) and Malaysia (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -6% and -9.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ECG supplying countries in Asia were Malaysia ($X), China ($X) and Singapore ($X), with a combined 70% share of total exports.

Singapore, with a CAGR of +33.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, rising by 16% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ECG export price increased by +64.8% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of 21% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.8%), while the other leaders experienced more modest paces of growth.

Ecg Imports

Imports in Asia

In 2021, ecg imports in Asia soared to X units, growing by 24% against the year before. Overall, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2015 when imports increased by 68% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ECG imports skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.7% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Qatar dominates imports structure, recording X units, which was approx. 86% of total imports in 2021. The following importers - Singapore (X units) and Japan (X units) - together made up 5.4% of total imports.

Imports into Qatar decreased at an average annual rate of -3.1% from 2012 to 2021. At the same time, Singapore (+20.6%) and Japan (+2.4%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.6% from 2012-2021. From 2012 to 2021, the share of Singapore increased by +3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported electro-cardiographs in Asia, comprising 33% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports.

In Singapore, ECG imports expanded at an average annual rate of +21.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+3.3% per year) and Qatar (-19.5% per year).

Source: IndexBox Platform

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