Wearable ECG Monitors Market Overview, Competitive Analysis, Key Trends And Outlook 2024 To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wearable ECG Monitors Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.89 billion In 2028 At A CAGR Of 22.0% :

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.

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Wearable ECG Monitors Market Major 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 Driver - 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.

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Prominent Trend - 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.

Wearable ECG Monitors Market Players
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

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Largest And Fastest Growing Region In The Market
Western Europe was the largest region in the wearable ECG monitor market in 2023. North America was the second-largest region in the global wearable ECG monitors market share. The regions covered in the wearable ecg monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wearable ECG Monitors Market Report Structure
3. Wearable ECG Monitors Market Trends And Strategies
4. Wearable ECG Monitors Market - Macro Economic Scenario
5. Wearable ECG Monitors Market Size And Growth
…..
27. Wearable ECG Monitors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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