Mobile ECG Devices Market Synopsis:
Mobile ECG Devices Market Size Was Valued at USD 2.52 Billion in 2023, and is Projected to Reach USD 6.83 Billion by 2032, Growing at a CAGR of 11.70% From 2024-2032.
The Mobile ECG Devices Market concerns the field that includes diverse kinds of portable and wearable electrocardiogram (ECG) devices that permanently track heart activity. These devices can be portable, worn on the body and can give patients and care givers easier access to information about the heart. They are widely used in Hospital, clinic and home healthcare for the diagnosis and monitoring of the cardiovascular diseases for proper timely intervention and patients care.
presented in this case, growing incidence of cardiovascular diseases is one of the key trends driving the Mobile ECG Devices Market. The deficiencies of physical activities, consumer excess of unhealthy foods and stress have led to increased prevalence of heart-related diseases. Advancements in the knowledge of cardiac health have prompted a need for point-of-care and portable ECG equipment that can be used to monitor and diagnose heart problems continually. However, with technology, ECG can be easily done by ordinary gadgets that are accurate, affordable and easy to be used by the general public.
Of these, the growth of telehealth and remote patient monitoring, which was boosted by COVID-19, is another major factor. Patients as well as healthcare workers have appreciated the use of compact mobile ECG devices for remote consultations as well as other intermediaries to health checks instead of frequent hospitalization. This has changed the general market and more patients opt for digital health solution due to effectiveness of keeping track on their cardiovascular status from their homes.
Mobile ECG Devices Market Trend Analysis:
The integration of artificial intelligence (AI) and machine learning technologies.
- Artificial intelligence and Machine learning technologies are some of the key trends implemented in the Mobile ECG Devices Market. These are, basically, invite the real-time data review and analysis, better accuracy of the conditions of myocardial infarction, and forecast of the prospective risks to health by means of the mobile ECG devices. This trend is beneficial not only to the patients but to the health care providers in making right decisions informed by data gathered.
- Another trend of great importance is the shift towards mostly applying user-friendly designs in with special focus on mobile application. Clients are becoming interested in producing devices that perhaps have enhanced features and functions but can be handled well by non-technical persons. The integration of the mobile application empowers users to monitor their ECG results, create alerts for the irregular heart patterns and share the information with physicians, and thus increase patients’ and active participation in the disease management process.
Healthcare infrastructure improves and access to medical services expands.
- The Mobile ECG Devices Market is highly potential and valuable market for investment, especially in the developing countries. Mobile ECG devices are anticipated to gain demand as associated healthcare infrastructure enhances and medical access increases as seen in Asia-Pacific & Latin America. These markets should therefore be exploited by manufacturers through coming up with products that are cheap and of culture to those markets.
- However, there is an opportunity for market expansion because the rate at which preventive healthcare and wellness monitoring is growing cannot be ignored. With an increasing number of people paying attention to their health and looking for preventive ways to minimize their cardiovascular threats, mobile ECG devices can be a real boon to heart health. Firms who apply innovation and continue to improve on their products to suit this trend are most likely to have competitive advantage in the new dispensation.
Mobile ECG Devices Market Segment Analysis:
Mobile ECG Devices Market is Segmented on the basis of Product Type, Technology, End User, and Region.
By Product Type, Handheld ECG Devices segment is expected to dominate the market during the forecast period
- The Mobile ECG Devices Market is categorized based on its product type as handheld ECG devices, portable ECG monitors, and wearable ECG monitors. Portable ECG devices are small, easy to use instruments which can be used to monitor one’s heart activity wherever one is, so they are perfect for personal use. Wearable ECG devices are slightly larger than the others, intended for clinical application or home use, providing extended, unbroken recording of the heart activity. Wearable ECG tracking systems, the ECG smartwatches and ECG patches can record the pulse and transmit data to a smartphone or a healthcare center without causing discomfort the patient when it comes to monitoring the heart rate without having to go through invasive procedures. Due to the differences in user need each type of product addresses different need make them more manageable and, encourage client’s active care for their heart.
By Technology, Wired ECG Devices segment expected to held the largest share
- Mobile ECG Devices Market can be segmented based on technology, in wired Mobile ECG devices and wireless Mobile ECG devices. Wired ECG devices on the other hand use the conventional cables to send the information, to give real, steady results in most clinical settings where continuous tracking is needed. They are often found in hospitals used for patients with extensive re-evaluation of cardiac status. In this case, the wireless ECG devices use either Bluetooth or wireless Fidelity technology to transfer data making the devices more portable and easier to use by patients. It is a device that assists patients to pass real-time data of their hearts to health practitioners and care for their health conditions without frequent trips to the hospital. The trend towards wireless solutions is linked to the perceived need for versatile and easily transportable monitoring situations within and outside of the household environment and in health care settings.
Mobile ECG Devices Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- North America remains to dominate the Mobile ECG Devices Market due to the excellent record in the innovation of health care technology today. It is also This is well boosted by the existence of main market entities further accompanied by a good legal structure,ROW leadership is thus explained by the following factors. Moreover, high growth has motivated more innovation and development of innovations in mobile ECG technologies; thus, the United States and Canada remain crucial to the market.
- Another factor is the increased knowledge of people in North America about cardiovascular diseases’ risks is another factor that also fuels the mobile ECG devices. With evolving technology, doctors are increasingly suggesting them to be used for the constant observation, and for the identification of the prospects of heart diseases. For this reason, the consumer awareness, the highly developed and supportive health care policies and the ongoing technological trends has put North America at a strategic position for the development of the mobile ECG devices.
Active Key Players in the Mobile ECG Devices Market:
- AliveCor (United States)
- Biotricity (United States)
- CardioComm Solutions (Canada)
- GE Healthcare (United States)
- Philips Healthcare (Netherlands)
- Omron Healthcare (Japan)
- Withings (France)
- Medtronic (Ireland)
- Zio by iRhythm (United States)
- Cardiomo (India)
- Other Active Players
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Global Mobile ECG Devices Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.52 Billion |
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Forecast Period 2024-32 CAGR: |
11.70% |
Market Size in 2032: |
USD 6.83 Billion |
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Segments Covered: |
By Product Type |
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By Technology |
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End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Mobile ECG Devices Market by Product Type
4.1 Mobile ECG Devices Market Snapshot and Growth Engine
4.2 Mobile ECG Devices Market Overview
4.3 Handheld ECG Devices
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Handheld ECG Devices: Geographic Segmentation Analysis
4.4 Portable ECG Monitors
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Portable ECG Monitors: Geographic Segmentation Analysis
4.5 Wearable ECG Monitors
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Wearable ECG Monitors: Geographic Segmentation Analysis
Chapter 5: Mobile ECG Devices Market by Technology
5.1 Mobile ECG Devices Market Snapshot and Growth Engine
5.2 Mobile ECG Devices Market Overview
5.3 Wired ECG Devices
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Wired ECG Devices: Geographic Segmentation Analysis
5.4 Wireless ECG Devices
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Wireless ECG Devices: Geographic Segmentation Analysis
Chapter 6: Mobile ECG Devices Market by End User
6.1 Mobile ECG Devices Market Snapshot and Growth Engine
6.2 Mobile ECG Devices Market Overview
6.3 Hospitals
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospitals: Geographic Segmentation Analysis
6.4 Clinics
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Clinics: Geographic Segmentation Analysis
6.5 Home Care Settings
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Home Care Settings: Geographic Segmentation Analysis
6.6 Ambulatory Surgical Centers
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Ambulatory Surgical Centers: Geographic Segmentation Analysis
6.7 Others
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Others: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Mobile ECG Devices Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 ALIVECOR (UNITED STATES)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 BIOTRICITY (UNITED STATES)
7.4 CARDIOCOMM SOLUTIONS (CANADA)
7.5 GE HEALTHCARE (UNITED STATES)
7.6 PHILIPS HEALTHCARE (NETHERLANDS)
7.7 OMRON HEALTHCARE (JAPAN)
7.8 WITHINGS (FRANCE)
7.9 MEDTRONIC (IRELAND)
7.10 ZIO BY IRHYTHM (UNITED STATES)
7.11 CARDIOMO (INDIA)
7.12
7.13 OTHER ACTIVE PLAYERS
Chapter 8: Global Mobile ECG Devices Market By Region
8.1 Overview
8.2. North America Mobile ECG Devices Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Product Type
8.2.4.1 Handheld ECG Devices
8.2.4.2 Portable ECG Monitors
8.2.4.3 Wearable ECG Monitors
8.2.5 Historic and Forecasted Market Size By Technology
8.2.5.1 Wired ECG Devices
8.2.5.2 Wireless ECG Devices
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Hospitals
8.2.6.2 Clinics
8.2.6.3 Home Care Settings
8.2.6.4 Ambulatory Surgical Centers
8.2.6.5 Others
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Mobile ECG Devices Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Product Type
8.3.4.1 Handheld ECG Devices
8.3.4.2 Portable ECG Monitors
8.3.4.3 Wearable ECG Monitors
8.3.5 Historic and Forecasted Market Size By Technology
8.3.5.1 Wired ECG Devices
8.3.5.2 Wireless ECG Devices
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Hospitals
8.3.6.2 Clinics
8.3.6.3 Home Care Settings
8.3.6.4 Ambulatory Surgical Centers
8.3.6.5 Others
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Mobile ECG Devices Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Product Type
8.4.4.1 Handheld ECG Devices
8.4.4.2 Portable ECG Monitors
8.4.4.3 Wearable ECG Monitors
8.4.5 Historic and Forecasted Market Size By Technology
8.4.5.1 Wired ECG Devices
8.4.5.2 Wireless ECG Devices
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Hospitals
8.4.6.2 Clinics
8.4.6.3 Home Care Settings
8.4.6.4 Ambulatory Surgical Centers
8.4.6.5 Others
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Mobile ECG Devices Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Product Type
8.5.4.1 Handheld ECG Devices
8.5.4.2 Portable ECG Monitors
8.5.4.3 Wearable ECG Monitors
8.5.5 Historic and Forecasted Market Size By Technology
8.5.5.1 Wired ECG Devices
8.5.5.2 Wireless ECG Devices
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Hospitals
8.5.6.2 Clinics
8.5.6.3 Home Care Settings
8.5.6.4 Ambulatory Surgical Centers
8.5.6.5 Others
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Mobile ECG Devices Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Product Type
8.6.4.1 Handheld ECG Devices
8.6.4.2 Portable ECG Monitors
8.6.4.3 Wearable ECG Monitors
8.6.5 Historic and Forecasted Market Size By Technology
8.6.5.1 Wired ECG Devices
8.6.5.2 Wireless ECG Devices
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Hospitals
8.6.6.2 Clinics
8.6.6.3 Home Care Settings
8.6.6.4 Ambulatory Surgical Centers
8.6.6.5 Others
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Mobile ECG Devices Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Product Type
8.7.4.1 Handheld ECG Devices
8.7.4.2 Portable ECG Monitors
8.7.4.3 Wearable ECG Monitors
8.7.5 Historic and Forecasted Market Size By Technology
8.7.5.1 Wired ECG Devices
8.7.5.2 Wireless ECG Devices
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Hospitals
8.7.6.2 Clinics
8.7.6.3 Home Care Settings
8.7.6.4 Ambulatory Surgical Centers
8.7.6.5 Others
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Global Mobile ECG Devices Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.52 Billion |
|
Forecast Period 2024-32 CAGR: |
11.70% |
Market Size in 2032: |
USD 6.83 Billion |
|
Segments Covered: |
By Product Type |
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By Technology |
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End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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