The Mobile ECG Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mobile ECG Devices Global Market Report 2024, The mobile ecg devices market size has grown strongly in recent years. It will grow from $110.94 billion in 2023 to $118.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to smartphone integration, clinical validation and research, telemedicine adoption, tech miniaturization and connectivity, rise in health consciousness.
The mobile ecg devices market size is expected to see strong growth in the next few years. It will grow to $154.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing cardiovascular disease burden, aging population demographics, telehealth expansion, consumer health awareness, digital health initiatives. Major trends in the forecast period include personalized healthcare solution, regulatory advancements, market penetration in emerging economies, focus on user-friendly design, expansion in home healthcare.
The rising incidence of heart-related conditions is expected to propel the growth of the mobile ECG devices market going forward. Heart-related conditions refer to a group of disorders of the heart and blood vessels. It includes coronary heart disease, congenital heart disease, and others. Mobile ECG is primarily used to diagnose myocardial infarction and cardiac arrhythmias that aid in the more effective and manageable monitoring of heart disorders to reduce the number of untreated and unmonitored conditions. For instance, in January 2023, according to the British Heart Foundation, a UK-based cardiovascular research organization, the number of stroke deaths in 2020 was 34,518, up from 34,420 in 2019. Therefore, the rising incidence of heart-related conditions is driving the growth of the mobile ECG devices market.
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The mobile ecg devices market covered in this report is segmented –
1) By Type: Monitoring ECG Systems, Diagnostics ECG Systems
2) By Modality: Handheld, Pen, Band, Other Modalities
3) By End User: Personal Users, Hospitals, Clinics, Ambulatory Services
Advancements in technology are a key trend gaining popularity in the mobile ECG devices market. Major companies operating in the mobile ECG devices market are adopting new technologies to sustain their position in the market. For instance, in February 2022, AliveCor Inc., a US-based medical device and AI company, launched the KardiaMobile Card, the first personal ECG that is thin enough to fit in a wallet and provides rapid feedback on heart health. The KardiaMobile Card pairs with a smartphone using Bluetooth technology to identify six of the most prevalent arrhythmias. The users of the KardiaMobile Card also have access to monthly heart health summaries, automatic ECG record sharing, and cardiologist ECG analysis. The device’s algorithm is based on AliveCor’s AI-enabled Kardia technology, evaluated in over 170 peer-reviewed publications. AliveCor’s KardiaMobile Card is the most portable and durable ECG available, allowing customers to record an ECG anytime and anywhere. It is resistant to weather, water, and regular wear and tear.
The mobile ecg devices market report table of contents includes:
1. Executive Summary
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