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Mobile ECG Devices Market Size, Top Key Players, Growth, Trend Analysis And Forecast To 2033
Mobile ECG Devices Market
The mobile ecg devices market size is expected to see strong growth in the next few years. It will grow to $154.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing cardiovascular disease burden, aging population demographics, telehealth expansion, consumer health awareness, digital health initiatives.. Major trends in the forecast period include personalized healthcare solution, regulatory advancements, market penetration in emerging economies, focus on user-friendly design, expansion in home healthcare..
Market Overview -
Mobile ECG (electrocardiogram) devices refer to a portable ECG monitoring device used outside of a clinical setting to capture and evaluate the heart's electrical activity. These tools are frequently portable, lightweight, and user-friendly, making them ideal for taking ECG readings at home or on the go. It is the comprehensive diagnostic approach for diagnosing arrhythmias, which enables at-home heart monitoring and delivers full disclosure ECG signal, complete data, analysis, and reporting.
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Mobile Ecg Devices Market Set To Soar Due To Escalating Incidence Of Heart-Related Conditions
The rising incidence of heart-related conditions is expected to propel the growth of the mobile ECG devices market going forward. Heart-related conditions refer to a group of disorders of the heart and blood vessels. It includes coronary heart disease, congenital heart disease, and others. Mobile ECG is primarily used to diagnose myocardial infarction and cardiac arrhythmias that aid in the more effective and manageable monitoring of heart disorders to reduce the number of untreated and unmonitored conditions. For instance, in January 2023, according to the British Heart Foundation, a UK-based cardiovascular research organization, the number of stroke deaths in 2020 was 34,518, up from 34,420 in 2019. Therefore, the rising incidence of heart-related conditions is driving the growth of the mobile ECG devices market.
Competitive Landscape -
Major companies operating in the mobile ecg devices market report are Medtronic PLC, Koninklijke Philips N.V., GE Healthcare, Omron Corporation, Mindray Medical International Limited, ZOLL Medical Corporation, Hill-Rom Holdings Inc., Nihon Kohden Corporation, Spacelabs Healthcare, Biotronik SE & Co KG, Fukuda Denshi Co. Ltd., Welch Allyn Inc., Bittium Biosignals Ltd., Contec Medical Systems Co. Ltd., Midmark Corporation, Schiller AG, Preventice Solutions Inc., BPL Medical Technologies Pvt. Ltd., AliveCor Inc., EB Neuro S.p.A, Mednet Healthcare Technologies Inc., GETEMED Medical and Information, QT Medical Inc., Qardio Inc., Innomed Medical Inc., MD Biomedical Inc., CardioComm Solutions Inc., Hexoskin, VectraCor Inc., Cardiocity Limited.
Portable And Advanced Ecg Device Pioneering Technology In The Mobile Ecg Devices Market
Advancements in technology are a key trend gaining popularity in the mobile ECG devices market. Major companies operating in the mobile ECG devices market are adopting new technologies to sustain their position in the market. For instance, in February 2022, AliveCor Inc., a US-based medical device and AI company, launched the KardiaMobile Card, the first personal ECG that is thin enough to fit in a wallet and provides rapid feedback on heart health. The KardiaMobile Card pairs with a smartphone using Bluetooth technology to identify six of the most prevalent arrhythmias. The users of the KardiaMobile Card also have access to monthly heart health summaries, automatic ECG record sharing, and cardiologist ECG analysis. The device's algorithm is based on AliveCor's AI-enabled Kardia technology, evaluated in over 170 peer-reviewed publications. AliveCor's KardiaMobile Card is the most portable and durable ECG available, allowing customers to record an ECG anytime and anywhere. It is resistant to weather, water, and regular wear and tear.
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Key Segments -
The mobile ecg devices market covered in this report is segmented -
1) By Type: Monitoring ECG Systems, Diagnostics ECG Systems
2) By Modality: Handheld, Pen, Band, Other Modalities
3) By End User: Personal Users, Hospitals, Clinics, Ambulatory Services
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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