Wearable ECG Monitors Market Size by Type, Application, Regions, Trends, Demand With in-detailed Competitor Analysis 2022

Data Bridge Market Research analyses a global wearable electrocardiogram (ECG) and monitors market growth in the forecast period 2022-2029. The expected CAGR of the global wearable electrocardiogram (ECG) monitors market tends to be around 23.9% in the mentioned forecast period. The market was valued at USD 2.13 billion in 2021, and it would grow upto USD 11.83 billion by 2029.

Competitive analysis is the key feature of any market research report, and hence an excellent Wearable ECG Monitors market report covers many points including strategic profiling of key players in the market, analyzing core competencies of key players, and drawing a competitive landscape for the Healthcare industry. This report is an obvious solution that can be embraced by organizations to flourish in this quickly changing marketplace. With the proper utilization of established and advanced tools such as SWOT analysis and Porter's Five Forces Analysis, the Wearable ECG Monitors market report has been structured. Businesses can achieve practical and enduring results which are driven by accurate and timely research.

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An electrocardiograph (ECG) is a machine that records the surface potentials of the heart's electrical activity. Metal contacts called electrodes, which are fixed to various regions of the body, conduct the surface potentials of the device. Four limbs and the heart have electrodes linked to them. An ECG records the heart rate, rhythm, status of the conduction system and muscle tissue (heart attacks), and even the level of specific substances in the blood, such as potassium, as well as the medication's effect.

The widespread Wearable ECG Monitors market document offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. Market definition covered in this advertising report studies the market drivers and market restraints with which businesses can get an idea of whether to increase or decrease the production of a particular product. The systematic study of this universal market report helps in planning development strategies to increase deals and assemble brand picture in the market. The global Wearable ECG Monitors market report has been designed so that it provides very evident understanding of the business environment and Healthcare industry.

Key Players in the Global Wearable Electrocardiogram (ECG) Monitors Market

The wearable electrocardiogram (ECG) monitors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wearable electrocardiogram (ECG) monitors market.

Key players operating in the wearable electrocardiogram (ECG) monitors market include:

Medtronic (U.S.)
Koninklijke Philips N.V (Netherlands)
OMRON Corporation (Japan)
Dexcom, Inc (U.S.)
Abbott (U.S.)
Masimo (U.S.)
General Electric Company (U.S.)
Bio-Beat (U.S.)
VitalConnect (U.S.)
Preventice Solutions, Inc (U.S.)
Contec Medical Systems Co Ltd. (Japan)
ten3T Healthcare (India)
Fitbit, Inc (U.S.)
Huawei Technologies Co., Ltd (China)

Global Wearable Electrocardiogram (ECG) Monitors Market Dynamics
Drivers

Increase in R&D and Clinical Activities

Increasing R & D activities for advanced electrocardiograph technology are driving the market. The development and innovation of new products in the design of electrocardiographs is contributing to the market's growth. For instance, in 2020, US-based Company AliveCor launched Kardia Mobile 6L, a personal ECG device in India. In addition, the introduction of single-read remote monitoring devices and portable ECG monitors is also expected to drive wearable electrocardiogram (ECG) monitors market growth.

Increase in CVD

According to the Centres for Disease Control and Prevention, cardiovascular disease is the most common health problem faced by people around the world, with 696,962 deaths in the United States in 2020. According to the World Health Organization (WHO), cardiovascular disease is the leading cause of death in the world, killing about 17.9 million people each year. This drives the demand for ECG by increasing the number of ECG tests performed for people prone to heart disease. Other key factors driving growth in ECG market share include technological advances in ECG machines, a global increase in cardiovascular disease, and favorable government regulations on surveillance devices. In addition, an increase in the elderly population is expected to expand the size of the wearable electrocardiogram (ECG) monitors market.

Opportunities

Easy Feasibility and Convenience

Wearables ECG monitors are non-contact, easy to use, have minimal impact on daily activities, are hygienic because they cannot be reused, are water resistant, and precede initial investment in devices compared to halter monitors. Due to its easy application to the skin and lack of maintenance, the ECG monitors has a high completion rate with improved compliance compared to other short to medium-term devices such as holter monitors.

Rising Cases of Atrial Fibrillation

Atrial fibrillation (AFib) is a common form of arrhythmia diagnosed in clinics and hospitals. With the population aging, it is expected to increase to 12.1 million by 2030. In addition, this condition has also caused a significant number of deaths. For instance, according to the CDC, AFib was the root cause of the deaths of about 26,535 people in the United States in 2019. People of European descent are more likely to develop arrhythmias than African Americans. The prevalence of cardiac arrhythmias increases with age, and women live longer than men, so more women suffer from atrial fibrillation than men.

Restraints/Challenges

High Costs

This technology is definitely helping to outgrow the market size, but one factor limiting the growth is the excessively high price of the technology. It is costly, and thus, it is not applicable everytime to use it tremendously.

Lack of Skilled Professionals

The lack of skilled and trained professionals to operate electrocardiograph is a challenging factor for the market's growth. A little mistake from their end can make a big blunder and in turn curb the growth of wearable ECG monitors market.

This wearable electrocardiogram (ECG) monitors market provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wearable electrocardiogram (ECG) monitors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The large scale Wearable ECG Monitors market research document looks at many important market-related aspects which are; market size estimations, company and market best practices, entry-level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and in-depth benchmarking of vendor offerings. It is the most appropriate, rational, and admirable market research report provided with devotion and comprehension of business needs. The competitive landscape section of the report highlights a clear insight about the market share analysis of major industry players. The superior Wearable ECG Monitors report also includes detailed profiles of the major manufacturers and importers dominating the market.

Global Market Analysis - Segmentation

The wearable electrocardiogram (ECG) monitors market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Wired
Wireless

Application

Atrial Fibrillation
Angina
Atherosclerosis
Cardiac Dysrhythmia
Congestive Heart Failures (CHF)
Coronary Artery Disease
Heart Attack
Bradycardia
Tachycardia

End User

Hospitals
Diagnostic Centers
Homecare

COVID-19 Impact on Global Wearable Electrocardiogram (ECG) Monitors Market

The COVID-19 has left an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to influence industry growth during the forecast period. The COVID-19 pandemic places a heavy burden on public health and health care around the world. The disease has a major impact on the cardiovascular system. Various arrhythmias have been reported to patients, complicating the course of COVID-19 due to related treatments. In addition to obtaining approval for innovative products, the market has also seen strategies such as mergers and acquisitions focused on strengthening solution offerings.

Relaxation of restrictions aims to normalize the supply chain and restore production and distribution capacity. Healthcare providers are expected to be able to choose from a technically advanced product portfolio solutions for connected care and remote patient monitoring.

Geoghraphical Zones For The Market

The wearable electrocardiogram (ECG) monitors market is analysed and market size insights and trends are provided by type, application and end user as referenced above.

The major countries covered in the wearable electrocardiogram (ECG) monitors market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the wearable electrocardiogram (ECG) monitors market due to the rising disposable income, growing penetration of smartphones and improving the standard of living and economic conditions in the region.

North America is expected to grow significantly over the forecast period of 2022 to 2029 due to the rising prevalence of cardiovascular diseases, increased healthcare expenditure, and large geriatric population base.

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Major Points Covered in Table of Contents

Report Overview
Market Analysis by Types
Product Application Market
Manufacturers Profiles/Analysis
Market Performance for Manufacturers
Regions Market Performance for Manufacturers
Global COVID-19 Impact on Wearable ECG Monitors Market Performance (Sales Point)
Development Trend for Regions
Upstream Source, Technology and Cost
Channel Analysis
Consumer Analysis
Wearable ECG Monitors Market Forecast
Conclusion

Detailed Table of Content Available @ https://www.databridgemarketresearch.com/toc/?dbmr=global-wearable-ecg-monitors-market

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