Mobile ECG Devices Market

Mobile ECG Devices Market

Growth Factors of Mobile ECG Devices Market

The global mobile ECG devices market size was valued at USD 3.77 billion in 2023 and is projected to grow from USD 4.13 billion in 2024 to USD 8.89 billion by 2032, exhibiting a CAGR of 10.1% during the forecast period of 2024-2032.

The COVID-19 pandemic boosted the mobile ECG devices market as calls for far-flung health tracking surged. With regulations on in-individual visits and more emphasis on cardiovascular health, patients and healthcare carriers increasingly became at-domestic solutions, riding the mobile ECG devices market growth.

The Mobile ECG Devices Market is driven by the rising occurrence of cardiovascular sicknesses and growing demand for faraway monitoring. Technological advancements have made these devices extra on-hand and user-friendly, facilitating real-time heart monitoring at domestic. Increased consciousness of preventive healthcare and integrating these devices with digital structures additionally guide marketplace growth.

The cell ECG tool market is capitalising on Remote Patient Monitoring (R.P.M.) to convert continual sickness control. This era permits healthcare specialists to display sufferers with situations like coronary heart disorder remotely, enhancing affected person outcomes and decreasing average healthcare costs, expanding the mobile ECG devices market share globally. A look posted in Nature highlights those blessings. Additionally, wearable devices like smartwatches and health trackers seamlessly integrate with RPM systems, gathering actual-time fitness statistics that empower doctors to make knowledgeable decisions and offer higher care to their patients. This awareness of RPM is a main driver in the mobile ECG tool market.

Comprehensive Analysis of Mobile ECG Devices Market

The Mobile ECG Devices Market is segmented through device type, monitoring type, and end person. Device types include patches, wearables, and handheld gadgets, with patches leading the marketplace because of their high adoption and joint product launches. Wearable gadgets are predicted to increase because of improvements, even as handheld devices will grow with technological enhancements. Continuous tracking holds the most significant marketplace share for tracking types because of its effectiveness in detecting rare cardiac events. At the same time, intermittent monitoring is ready to grow with improvements in handheld gadgets. Home healthcare dominates and is projected to grow hastily because of the adoption of multiple far-flung monitoring systems. Hospitals and clinics are also expected to develop, pushed through extra sanatorium visits and advanced infrastructure, whilst the ""others"" segment, together with studies institutions, is growing because of multiplied R&D.

The North America region led the mobile ECG devices market by benefitting a size of USD 1.65 billion in 2023 due to the growing incidence of cardiac arrhythmia. It heightened recognition of its prognosis in international locations like the U.S. and Canada.

The leading mobile ECG devices market players significantly impact its growth and set industry standards. Key players such as iRhythm Technologies Inc. (U.S.), AliveCor, Inc. (U.S.), Qardio, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), GE Healthcare Inc. (U.S.), Baxter International Inc. (U.S.), VivaLNK, Inc. (U.S.), and SmartCardia Inc. (Switzerland) contribute to a competitive landscape, driving innovation and advancing the market.

In March 2024, Wellysis, a digital healthcare company that emerged from Samsung, delivered a remote cardiac monitoring system inside the U.S. Via a collaboration with Artella Solutions.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 10.1% from 2024 to 2032

Unit Value (USD billion)

Segmentation By Device Type

- Patch

- Wearable

- Handheld

By Type

- Continuous Monitoring

- Intermittent Monitoring

By End User

- Hospitals & Clinics

- Home Healthcare

- Others

By Geography

- North America (By Device Type, By Type, By End User, and By Country)

• U.S. (By Device Type)
• Canada (By Device Type)

- Europe (By Device Type, By Type, By End User, and By Country/Sub-region)

• U.K. (By Device Type)
• Germany (By Device Type)
• France (By Device Type)
• Italy (By Device Type)
• Spain (By Device Type)
• Scandinavia (By Device Type)
• Rest of Europe (By Device Type)

- Asia Pacific (By Device Type, By Type, By End User, and By Country/Sub-region)

• China (By Device Type)
• Japan (By Device Type)
• India (By Device Type)
• Australia (By Device Type)
• Southeast Asia (By Device Type)
• Rest of the Asia Pacific (By Device Type)

- Latin America (By Device Type, By Type, By End User, and By Country/Sub-region)

• Brazil (By Device Type)
• Mexico (By Device Type)
• Rest of Latin America (By Device Type)

- Middle East & Africa (By Device Type, By Type, By End User, and By Country/Sub-region)

• GCC (By Device Type)
• South Africa (By Device Type)
• Rest of the Middle East & Africa (By Device Type)


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