Mobile ECG Devices market to reach us$ 2,366.81 million with a CAGR of 4.8% to 2028

The Mobile ECG Devices market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.

The mobile ECG devices market is projected to reach US$ 2,366.81 million by 2028 from US$ 1,704.91 million in 2021; it is expected to grow at a CAGR of 4.8% from 2021 to 2028.

Mobile ECG device is used for self-monitoring of heart function at home or on the move. The device is majorly used by people suffering from high blood pressure, high cholesterol, hereditary medical conditions, stress, lack of sleep, overweight, health risks caused due to the high consumption of tobacco. The mobile ECG devices come with sensors that attach to people's skin. This allows them to record the electrical signals that the heart produces. Factors such as rising incidence of cardiovascular diseases and heart-related conditions and increasing geriatric population fuel the market growth. However, stringent regulatory requirements and technical issues hinder the market growth. Further, during the forecast period, the increasing potential in the developing nations is expected to offer significant growth opportunities to the market players to expand their customer base, especially in developing countries.

List of Companies operating in this report are: MD Biomedical Inc., CardioComm Solutions Inc., THOR, Koninklijke Philips N.V., Bittium Biosignals LTD., Medtronic, AliveCor, Inc, Nihon Kohden Corporation, EB Neuro S.P.A, Cardiocity Limited, Preventice Solutions

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Furthermore, the market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

Modality-Based Insights

The global mobile ECG devices market, based on modality, is segmented into handheld, band, pen, and others. In 2021, the handheld segment held the largest share of the market. Cardiovascular diseases (CVDs) are the major cause of mortality worldwide, accounting for 17.3 million deaths per year, a number that is expected to grow to more than 23.6 million by 2030. As the ECG devices records the electrical signal from heart to check for different heart conditions it helps in early recognition of cardiovascular manifestations, such as angina, dyspnea, palpitations, and syncope are emphasized, and patients with such symptom need to visit their doctors for evaluation.

Type-Based Insights

The mobile ECG devices market, based on type, is bifurcated into monitoring ECG systems and diagnostics ECG systems. In 2021, the monitoring ECG systems segment held a larger share of the market. Moreover, the same segment is expected to register a higher CAGR of 5.1% during 2021 to 2028.

End Users-Based Insights

The mobile ECG devices market, based on end users, is segmented into personal users, hospitals and clinics, and ambulatory services. The personal users segment held the largest share of the market in 2021. Also, the personal users segment is anticipated to register the highest CAGR in the market during the forecast period.

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Several market forces such as drivers and restraints and political, social, economic and technological advancements help shape up the industry in specific manner. All such forces are studied in detail to arrive at a market forecast which can help build the investment strategies in Mobile ECG Devices market.

Essential points covered in Mobile ECG Devices market report are:-

What will the market size and the growth rate be in 2028?
What are the key growth stimulants of Mobile ECG Devices market?
What are the key market trends impacting Mobile ECG Devices market valuation?
What are the challenges to market proliferation?
Who are the key vendors in the Mobile ECG Devices market?
Which are the leading companies contributing to Mobile ECG Devices market valuation?
What was the market share held by each region in 2028?
What is the estimated growth rate and valuation of Mobile ECG Devices market in 2028?

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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