Wearable Electrocardiography Devices Market 2022 Industry Development Scenario and Forecast To 2027

Astute Analytica released a new market report on the Wearable Electrocardiography Devices Market. The in-depth study of the industry includes inputs, information, and data from primary and secondary sources that have been evaluated and verified by specialists in the target market.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The Global Wearable Electrocardiography Devices Market size will grow from US$ 14,837.2 million in 2021 to US$ 58,071.29 million by 2027, registering a tremendous compound annual growth rate (CAGR) of 25.5% during the study period, i.e., 2022-2027.

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Regional Analysis:

According to the United States, Bureau of Labor Statistics, healthcare employment is likely to grow 16% from 2020 to 2030, much faster than the average for all occupations, with about 2.6 million new jobs. This projected increase is primarily due to an aging population, which indicates a higher demand for healthcare services. In May 2021, the median annual wage for healthcare practitioners and technical sectors (such as registered nurses, physicians and surgeons, and dental hygienists) was US$ 75,040, which was higher than the economy's median annual wage of US$ 45,760.

COVID-19 Impact:

Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.

As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.'

Major Key Players in Global Wearable Electrocardiography Devices Market are:

Apple Inc.
Samsung Electronics Co. Ltd.
Fitbit Inc.
AliveCor Inc.
Qardio Inc.
VivaLNK
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Wearable Electrocardiography devices market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Product

Smartwatch
Smart band
Pocket ECG monitor
ECG Patch
Others
By Brand

Apple (series 4,5,6)
Samsung (galaxy watch 3, active 2)
Fitbit (sense)
Alivecor (kardialMobile6) and others
By Frequency

Continuous
Episodic
Adhoc
By End User

Individual User
Hospitals & Clinics
Homecare
Others
By Region

US
Europe
China
Japan
ROW
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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

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This release was published on openPR.