Wearable ECG Monitors Global Market Analysis, Trends, Growth, Research And Forecast 2033

The wearable ecg monitors market size has grown exponentially in recent years. It will grow from $3.29 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to rising prevalence of atrial fibrillation, rising awareness among general population regarding health and fitness and a rapid growth in elderly population.

The wearable ecg monitors market size is expected to see exponential growth in the next few years. It will grow to $8.89 billion in 2028 at a compound annual growth rate (CAGR) of 22.0%. The growth in the forecast period can be attributed to increasing incidence of cardiovascular disease, increasing demand for non-invasive ambulatory rhythm monitoring and rapid technological advances initiatives will drive the market for wearable ecg monitors. Major trends in the forecast period include use of artificial intelligence, technological advancement in wearable ecg devices, technology and analytics in patient care, investment in wearables and mobile applications and advances in the use of cardiovascular monitoring technologies.

Market Overview -
Wearable ECG monitors are portable medical devices that record electrical signals from the heart and help in detecting medical conditions related to the heart.

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Growing Cardiac Monitoring Devices Fueling The Growth Of The Wearable Ecg Monitors Market
With the increasing incidence of cardiovascular diseases (CVD), there has been a growing interest in developing wearable devices that can continuously monitor cardiac activity. According to According to the Centers for Disease Control and Prevention, one person dies every 36 seconds in the USA from CVD. CVD account for nearly 836,546 deaths in the US alone. In 2020, about 697,000 people in the US died due to heart disease. Cardiovascular diseases that include abnormalities in heart rhythm such as atrial fibrillation, ventricular fibrillation, and atrioventricular block require long-term monitoring. Additionally, since the mortality rate is high in CVD patients, the need for wearable devices that enable continuous heart monitoring is critical. The increasing incidence of cardiovascular diseases is therefore driving the market for wearable ECG monitors for quick emergency response and earlier detection of heart malfunctioning.

Competitive Landscape -
Major companies operating in the wearable ecg monitors market report are iRhythm Technologies, Inc, Koninklijke Philips N.V (Philips healthcare), General Electric Company (GE Healthcare), Nihon Kohden Corporation, Medtronic, CardioComm Solutions, Inc., Withings, QardioCore, AliveCor Inc., Aerotel Medical Systems Ltd., General Medical Inc, Kavitul Technologies Private Limited, Web Biotechnology, Shenzhen YKD Technology Co.,Ltd, SanketLife, Jiangsu Medomics Medical Technology Co., Ltd, Contec Medical Systems Co., Ltd, Hunan Rainbow Technology Co., Ltd, B-Secur, Shimmer Sensing, VEMO, SmartCardia, Omron Kardiamobile EKG, Diagnostic and Interventional Cardiology (DAIC), Inovatica, Emtel, Trismed Co., Ltd, Plux Biosignals, Newtech Inc, Ultromics, CardioNet, Preventice Solutions, Boston Scientific (US), BTL, Apple, Pratixia Dermo Solucoes Ltda, STMicroelectronics, Cardiac Insight Inc, CardiacSense, C3? Holter Monitor (Cortrium), BIOEGYPT, Pulse

Smart Clothing Technology As A Non-Invasive Solution
Prolonged ambulatory rhythm monitoring is crucial for the diagnosis of intermittent arrhythmia. Conventional technologies for non-invasive rhythm monitoring include Holter monitoring or external cardiac event recorders. However, these traditional technologies have limitations in terms of low sensitivity, low diagnostic yield, and poor patient compliance. Although implantable cardiac monitors (ICMs) help in long-term monitoring, it is an invasive method as it requires minor surgery and is also associated with significant costs. Therefore, there is an increasing demand for non-invasive ambulatory rhythm monitoring. Smart clothing technology is a novel, alternative tool for non-invasive ambulatory rhythm monitoring.

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Key Segments -

The wearable ecg monitors market covered in this report is segmented -

1) By Type: Wired, Wireless
2) By Application: Atrial Fibrillation, Atherosclerosis, Cardiac Dysrhythmia, Congestive Heart Failures (CHF), Coronary Artery Disease, Angina And Heart Attack, Bradycardia, Tachycardia
3) By Grade: Consumer, Clinical
4) By Sales Channel: Online, Pharmacy

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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