Mobile Heart Monitoring Market : Key Players, Growth, Analysis, 2017 – 2027
Portable devices for diagnosis and monitoring of human physiological conditions are flourishing the market and becoming common. Instead of advanced technology in healthcare, the sudden cardiac death is increasing among both elderly and young people. The risk may be reduced by advancing portable mobile heart monitoring devices. Previously, heart monitoring devices were bulky with wires and electrodes that are connected to the patients and also required long stay in hospitals. The advanced mobile heart monitoring devices have halted the use of Holter monitors market and are itself capturing the market. The new and advanced mobile heart monitoring devices are easily adapted, reliable and perhaps better to detect various types of arrhythmias, such as atrial fibrillation and others. According to American Heart Association statistical report on heart disease and stroke statistics, about 17.3 million deaths each year in the United States, and this number is expected to rise about 23.6 million by 2030.
The novel design of mobile heart monitors are the pocket-sized wireless sensor and do not require Bluetooth connectivity, consumes less power and are relatively inexpensive that previously used heart monitoring devices. Thus the new devices are feasible for developing countries like Philippines, India, and others where these devices can be used with low-cost android smartphones. These devices are affordable, accurate; reliable are not cumbersome to use, patients and physicians are turning their smartphones to smart medical devices. These mobile heart monitoring devices are also used as a fitness tool and during sports activity to monitor heart rate.
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Mobile Heart Monitoring Market: Drivers and Restrains
According to Centers for Disease Control and Prevention and it is estimated that in the United States about 2.7million and 6.1 million people suffer from Atrial Fibrillation, and this number will rise with the increase in geriatric population. The atrial fibrillation costs about $6 billion per year in the United States. The rise in prevalence of cardiovascular diseases, technological advancement in mobile healthcare devices, increase in smart phone users and rise in lifestyle diseases and growing awareness about the same and the launch of new advanced technologies for diagnosis and monitoring of heart diseases is expected to boost the market revenue for mobile heart monitoring market. Use of information technologies in medicine and manufacturing of medical devices, strengthening the health of population globally is are anticipated to fuel the growth of mobile heart monitoring market. The major challenge associated with the mobile heart monitoring market are reimbursement scenario, alternative mobile operating devices available, security issues and the high cost of the some of the mobile heart monitoring devices that used expensive Samsung, HTC, iPhone and others are projected to hinder the growth of the mobile heart monitoring market.
Mobile Heart Monitoring Market: Segmentation
The global mobile heart monitoring market has been classified on the basis of product type, end user and geography.
Based on product type, the Mobile Heart Monitoring Market is divided into following:
Heart Rate Monitors
Blood Pressure Monitor
Based on the End User, the global Mobile Heart Monitoring Market is divided into following:
Home Care Settings
Ambulatory Care Centers
Other End Users
Mobile Heart Monitoring Market: Overview
Based on the product type, the global mobile heart monitoring market is segmented into heart rate monitors, ECG monitor, activity monitors, and blood pressure monitor. Based on the end user the CINV market is segmented into clinics, hospitals, ambulatory care centers, home care settings, ambulatory care centers and others. The rise in incidences of cardiovascular diseases, funding by the governmental bodies to initiate research and development in mobile healthcare market, companies are focusing on collaboration, acquisition, and merger by various manufacturers to expand their technology to gain insight in diagnosis and monitoring heart patients are attributed towards the growth of mobile heart monitoring
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Mobile Heart Monitoring Market: Regional Overview
Region wise, the global Mobile Heart Monitoring Market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is estimated to account for major share as arrhythmias are prevalent among Americans, increase in geriatric population and technologically advanced wearable/mobile heart monitoring products. According to American Heart Association, about 90% of population are unable to recognize cardiac problems, thus having high necessity for wearable/mobile heart monitoring systems. Asia Pacific is expected to witness substantial growth due to rising incidence of heart disease and availability of prescription and OTC heart monitoring options with low prices that are favored among patients in developing countries
Mobile Heart Monitoring Market: Key Players
Some of the key players in global Mobile Heart Monitoring Market are St. Jude Medical, Inc., Medtronic plc., LivaNova PLC, Koninklijke Philips N.V., AliveCor, Inc. Samsung Electronics Co. Ltd, LifeWatch AG, NeuroMetrix, Inc. General Electric Company Apple Inc.and others.
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