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Mobile ECG Devices Market Set To Soar Due To Escalating Incidence Of Heart-Related Conditions: Transformative Forces Shaping the Mobile ECG Devices Market Landscape in 2025
Mobile ECG Devices
What Will the Mobile ECG Devices Industry Market Size Be by 2025?
In the past few years, the market size for mobile ECG devices has seen significant expansion. The growth rate is expected to rise from $115.35 billion in 2024 to $121.39 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.2%. Several factors contributed to this growth during the historic period, including integration with smartphones, clinical evidence and research, adoption of telemedicine, technological miniaturization, enhanced connectivity and an overall increase in health awareness.
What's the Long-Term Growth Forecast for the Mobile ECG Devices Market Size Through 2029?
Anticipated robust growth in the mobile ECG devices market is projected to hit $167.12 billion by 2029, with a CAGR of 8.3%. This surge within the forecast period is linked to the rise in cardiovascular diseases, an ageing demographic, the augmentation of telehealth, heightened consumer awareness of health issues, and digital health campaigns. The expected patterns within this period also encompass tailored healthcare solutions, regulatory breakthroughs, the widening market in developing economies, a focus on designing user-friendly devices, and the growth of home healthcare.
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What Are the Key Growth Drivers Fueling the Mobile ECG Devices Market Expansion?
The mobile ECG devices market is set to expand due to the escalating prevalence of cardiovascular conditions. These conditions encompass a collective of diseases related to the heart and blood vessels, such as coronary heart disease, congenital heart disease, and more. Mobile ECGs are principally utilized to detect myocardial infarction and cardiac arrhythmias - a process that significantly aids in monitoring heart disorders more efficiently, limiting the instances of untreated and unmonitored conditions. The supporting data from May 2024, provided by the US government agency - Centers for Disease Control and Prevention, states that heart diseases were the cause of 702,880 deaths in 2022 in the United States, constituting 1 in every 5 deaths. Thus, the growing prevalence of heart-related issues is a contributing factor for the surge in the mobile ECG devices market's growth.
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What Long-Term Trends Will Define the Future of the Mobile ECG Devices Market?
Technological developments are a prevalent trend in the mobile ECG devices market that major firms are utilizing to stay competitive. In February 2022, AliveCor Inc., a US-based firm specializing in medical devices and AI, unveiled the KardiaMobile Card, marking the first personal ECG device slim enough to be carried in a wallet while offering quick insights into heart health. This devices leverages Bluetooth connectivity to pair with a smartphone, and can identify six common arrhythmias. KardiaMobile Card users can also receive monthly summaries of their heart health, automatic ECG record sharing, and ECG analysis from cardiologists. The device incorporates AliveCor's AI-powered Kardia technology, which has been assessed in over 170 peer-reviewed papers. The KardiaMobile Card from AliveCor is the most portable and resilient ECG currently available, enabling users to take an ECG reading anywhere, anytime, and it can withstand weather, water, and regular usage.
How Is the Mobile ECG Devices Market Segmented?
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
Subsegments:
1) By Monitoring ECG Systems: Wearable ECG Monitors, Handheld ECG Monitors, Patch-Based ECG Monitors
2) By Diagnostics ECG Systems: Portable ECG Devices, Smartphone-Based ECG Devices, Holter Monitors
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Which Companies Are Leading the Charge in Mobile ECG Devices Market Innovation?
Major companies operating in the mobile ECG devices market include Medtronic PLC, Koninklijke Philips N.V., GE Healthcare, Omron Corporation, Mindray Medical International Limited, ZOLL Medical Corporation, Nihon Kohden Corporation, Spacelabs Healthcare, Biotronik SE & Co KG, Fukuda Denshi Co. Ltd., Bittium Biosignals Ltd., Contec Medical Systems Co. Ltd., 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
Which Regions Are Leading the Global Mobile ECG Devices Market in Revenue?
North America was the largest region in the mobile ECG devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile ECG devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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