Wearable Electrocardiography (ECG) Devices Market 2022 Report Analysis, Share, Revenue, Global Opportunity Analysis Rate with Forecast Overview 2027 | Apple, Samsung Electronics, Fitbit, AliveCor, Qardio, VivaLNK

Astute Analytica published a new report on the Wearable Electrocardiography (ECG) Devices Market. The research report comprehends the present status of competitive market conditions, which helps firms to make the necessary decisions for growth or profitability with ease.

The global Wearable Electrocardiography (ECG) Devices Market is estimated to witness a rise in revenue from US$ 14,837.2 Mn in 2021 to US$ 58,071.9 Mn by 2027. The market is registering a CAGR of 25.5% during the forecast period 2022-2027.

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This report also formulates a survey addressing small variables applicable specifically to new applicants as well as major concerns impacting all players in this field generally.

Leading Players

The key players in the Global Wearable Electrocardiography (ECG) Devices Market are Apple Inc., Samsung Electronics Co., Ltd., Fitbit, Inc., AliveCor, Inc., Qardio, Inc., and VivaLNK among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging markets.

The healthcare sector is one of the most lucrative globally. Higher-quality general healthcare, an increase in life expectancy, and increased interest in business since the pandemic's start are projected to improve spending and industry growth in the years to come. As a result, the healthcare industry's revenue in 2023 is predicted to be US$ 73.90 billion.

For instance, contactless and virtual services are now commonplace. A focus on equitable care, an increase in new healthcare investments, and changes in the labor force have all occurred in recent years. Thus, these factors will bring new opportunities and difficulties. New digital tools will influence how care is delivered, how money is paid for it, and how health data are kept in the future as the healthcare landscape changes. Innovation, consolidation, and optimization will all continue to be fueled by capital entering the market.

In recent years, the global health business has experienced exponential growth, with the US setting the pace. The rise of the aging population, also known as the older population increase in sociology, was blamed for industry expansion. Most patients or those who receive services from the global health industry today are women.

By 2031, the global healthcare market will be worth $675.37 billion. Additionally, according to the Centers for Medicare and Medicaid Services, national healthcare spending in the US reached US$ 4.3 trillion in 2021, or US$ 12,914 per person, and is projected to rise to US$ 6.2 trillion by 2028.

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The Commonwealth Fund estimates that the US spent close to 16.8% of its GDP on healthcare in 2019. Switzerland spent 11.3% more than Germany, which came in second place with a spending of 11.7%.

Segmentation Overview

By Product segment of the Global Wearable Electrocardiography (ECG) Devices Market is sub-segmented into:
Smartwatch
Smart band
Pocket ECG monitor
ECG Patch
Others

By Brand segment of the Global Wearable Electrocardiography (ECG) Devices Market is sub-segmented into:
Apple (series 4,5,6)
Samsung (galaxy watch 3, active 2)
Fitbit (sense)
Alivecor (kardialMobile6) and others

By Frequency segment of the Global Wearable Electrocardiography (ECG) Devices Market is sub-segmented into:
Continuous
Episodic
Adhoc

By End User segment of the Global Wearable Electrocardiography (ECG) Devices Market is sub-segmented into:
Individual User
Hospitals & Clinics
Homecare
Others

By Region segment of the Global Wearable Electrocardiography (ECG) Devices Market is sub-segmented into:
US
Europe
China
Japan
ROW

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