Global Electrocardiogram (ECG) Telemetry Devices Market Projected to Surpass $6.21 Billion by 2029 with 8% Annual Growth

What Are the Market Size and Growth Forecast for the Electrocardiogram (ECG) Telemetry Devices Market?
In the past few years, the market size for electrocardiogram (ECG) telemetry devices has seen robust growth. The sector, which was worth $4.14 billion in 2024, is projected to expand to $4.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.7%. Forces driving growth during the historic period include a growing elder population, mounting instances of cardiovascular diseases, an uptick in the use of home healthcare monitoring devices, adoption of sedentary lifestyle, and an increase in life-threatening conditions.

The market for electrocardiogram (ECG) telemetry devices is predicted to see substantial growth in the coming years, forecasting a rise to $6.21 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. This prospective growth can be accredited to an increase in obesity, high alcohol and cigarette consumption, rising awareness towards cardiovascular health, the prevalence of arrhythmia, and escalated stress levels in individuals. Key trends projected for the forecasted period incorporate technological advancements such as automatic ECG reading techniques, the incorporation of data analytics, sensor technology, the internet of things (IoT), and mobile computing technology.

What Is Contributing to the Growth of the Electrocardiogram (ECG) Telemetry Devices Market?
The escalating prevalence of cardiovascular diseases is predicted to fuel the expansion of the electrocardiogram (ECG) telemetry devices market. Cardiovascular diseases (CVDs) consist of ailments affecting the heart and blood vessels, including coronary artery disease, heart failure, and stroke. Unhealthy eating habits, lack of physical activity, tobacco use, excessive use of alcohol, air pollution, and conditions such as poverty and stress contribute to the increasing incidence of CVDs. ECG telemetry devices improve cardiovascular healthcare by offering continuous, real-time monitoring, endorsing remote and home-based care, advancing the efficacy of implantable devices, assisting in precise diagnosis and tailored treatment, and speeding up emergency responses. For example, as reported by the American Heart Association in January 2024, a non-profit organization based in the US, the age-adjusted death rate due to cardiovascular disease surged to 233.3 per 100,000 in 2024, marking a 4.0% rise from 224.4 per 100,000 compared to 2023. Hence, the increased prevalence of cardiovascular diseases is boosting the electrocardiogram (ECG) telemetry devices market.

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Which Key Market Leaders Are Driving Electrocardiogram (ECG) Telemetry Devices Industry Growth?
Major companies operating in the electrocardiogram (ECG) telemetry devices market are Johnson & Johnson, Medtronic PLC, Koninklijke Philips N.V., GE Healthcare Company, ZOLL Medical Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Hill-Rom Services Inc., BIOTRONIK, Nihon Kohden Corporation, iRhythm Technologies Inc., Schiller AG, CardioNet Inc., Preventice Solutions Inc., AliveCor Inc., Mortara Instrument Inc., Medicalgorithmics SA, Custo med GmbH, ScottCare Cardiovascular Solutions, Aerotel Medical Systems Ltd., Compumed Inc.

Which Key Market Leaders Are Driving Industry Growth?
Major firms involved in the electrocardiogram (ECG) telemetry devices industry are striving to develop cutting-edge products, including revolutionary cardiac monitoring devices renowned for their superior precision, real-time data transmission, and compatibility with mobile health platforms. These characteristics enable improved remote patient management and early detection of heart-related events. Using disruptive cardiac monitoring technology, doctors can significantly enhance patient care. The technology offers ongoing heart rhythm monitoring and early identification of heart irregularities, leading to a prompt diagnosis and treatment of heart diseases. In March 2022, Biotricity, a US firm that specializes in crafting novel remote monitoring devices and healthcare apps, introduced Biotres, an innovative cardiac monitoring device. Biotres captures continuous, three-channel ECG data, boosting the identification of cardiac arrhythmias. The device features a design for extended use, providing up to 30 days of monitoring with automatic data transmission and wireless connectivity. All these features contribute to a significant decline in diagnostic turnaround times compared to conventional holter monitors. With its easy-to-use design and modular features, Biotres is set to bring a transformation in the remote patient monitoring market by effectively addressing the growing demand for efficient heart care.

What Are the Main Segments in the Electrocardiogram (ECG) Telemetry Devices Market?
The electrocardiogram (ECG) telemetry devices market covered in this report is segmented -

1) By Product: Event Monitoring And Mobile Cardiac Telemetry, Implantable Loop Recorders, Other Products
2) By Application: Arrhythmias, Myocardial Ischemia and Infarction, Pacemaker Monitoring, Other Applications
3) By End-User: Hospitals, Home Healthcare

Subsegments:
1) By Event Monitoring And Mobile Cardiac Telemetry: Handheld Event Monitors, Wireless Mobile Cardiac Telemetry Devices, Real-Time Event Monitors, Patch-Based Event Monitors, Mobile ECG Telemetry Systems With Cloud Integration
2) By Implantable Loop Recorders: Subcutaneous Implantable Loop Recorders (ILRs), Wireless Implantable Loop Recorders, Long-Term Monitoring Implantable Loop Recorders, Miniaturized Implantable Loop Recorders, Remote Monitoring Implantable Loop Recorders
3) By Other Products: Holter Monitors, Wireless ECG Monitors, Smart Wearable ECG Devices, Patch-Based ECG Monitors, Portable ECG Telemetry Devices

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Which Geographic Area Leads the Electrocardiogram (ECG) Telemetry Devices Market?
North America was the largest region in the electrocardiogram (ECG) telemetry devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrocardiogram (ECG) telemetry devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Electrocardiogram (ECG) Telemetry Devices Global Market Report?

- Market Size Analysis: Analyze the electrocardiogram (ecg) telemetry devices Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the electrocardiogram (ecg) telemetry devices market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall electrocardiogram (ecg) telemetry devices market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the electrocardiogram (ecg) telemetry devices market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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