Mobile ECG Devices Market- Overview, Opportunities And Challenges Forecast To 2028

The Mobile ECG Devices Market is projected to reach US$ 2,457.66 million by 2028 from US$ 1,770.35 million in 2021; it is estimated to grow at a CAGR of 5.0% from 2022 to 2028.

Factors such as increase in geriatric population and rise in incidence of cardiovascular diseases and heart-related conditions are driving the market growth. However, stringent regulatory requirements and technical issues hamper the market growth. The mobile ECG devices market in APAC is growing at a significant pace.

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The List of Companies -
1. MD Biomedical Inc.
2. CardioComm Solutions Inc.
3. THOR
4. Koninklijke Philips N.V.
5. Bittium Biosignals LTD.
6. Medtronic
7. AliveCor, Inc
8. Nihon Kohden Corporation
9. EB Neuro S.P.A
10. Cardiocity Limited
11. Preventice Solutions

Rise in Incidence of Cardiovascular Diseases and Heart-Related Conditions

Cardiovascular diseases (CVDs) continue to be the most significant cause of morbidity and mortality worldwide. CVDs affect heart and blood vessels, and include coronary heart disease, arrhythmias, and other conditions. Unhealthy diet is one of the most important lifestyle factors that lead to cardiovascular diseases. The increasing prevalence of cardiovascular diseases and the rising need to continuously monitor the ECG levels of patients' hearts to provide accurate analysis help improve the effectiveness of the treatments.

The growing prevalence of arrhythmia and other CVDs create demand for improved diagnostic methods. ECG systems are the most effective instruments for detecting arrhythmias (abnormal heart rhythm), coronary artery disease, atrial fibrillation, previous heart attack, and other conditions. According to the World Health Organization (WHO), CVDs are the leading cause of death worldwide, with 17.9 million deaths caused in the world each year; moreover, 30 million people suffer from stroke every year. According to the American Heart Association, ~19.1 million people died due to CVDs globally in 2020 and 244.1 million people were living with ischemic heart disease in 2020.

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Furthermore, the launch of the door-to-balloon (D2B) time initiative and "Mission: Lifeline" by the American College of Cardiology and AHA has propelled the demand from hospitals for Bluetooth-enabled, 12-lead ECG monitors and wireless solutions. Along with the increasing incidence of these problems and the need to reduce hospital stays of patients, which otherwise require a long-term care, there is a surge in demand for mobile ECG devices. Mobile ECG devices are inexpensive, disposable, and easy to use as compared to traditional ECG equipment. Therefore, the rise in the incidence of cardiovascular diseases and other heart-related conditions is driving mobile ECG device market growth.

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