Mobile ECG (electrocardiogram) devices refer to a portable ECG monitoring device used outside of a clinical setting to capture and evaluate the heart’s electrical activity. These tools are frequently portable, lightweight, and user-friendly, making them ideal for taking ECG readings at home or on the go. It is the comprehensive diagnostic approach for diagnosing arrhythmias, which enables at-home heart monitoring and delivers full disclosure ECG signal, complete data, analysis, and reporting.
Sizing and Forecast
The mobile ecg devices market size has grown strongly in recent years. It will grow from $110.94 billion in 2023 to $118.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to smartphone integration, clinical validation and research, telemedicine adoption, tech miniaturization and connectivity, rise in health consciousness..
The mobile ecg devices market size is expected to see strong growth in the next few years. It will grow to $154.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing cardiovascular disease burden, aging population demographics, telehealth expansion, consumer health awareness, digital health initiatives.. Major trends in the forecast period include personalized healthcare solution, regulatory advancements, market penetration in emerging economies, focus on user-friendly design, expansion in home healthcare..
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Segmentation & Regional Insights
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
North America was the largest region in the mobile ECG devices market in 2023. 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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Major Driver Impacting Market Growth
The rising incidence of heart-related conditions is expected to propel the growth of the mobile ECG devices market going forward. Heart-related conditions refer to a group of disorders of the heart and blood vessels. It includes coronary heart disease, congenital heart disease, and others. Mobile ECG is primarily used to diagnose myocardial infarction and cardiac arrhythmias that aid in the more effective and manageable monitoring of heart disorders to reduce the number of untreated and unmonitored conditions. For instance, in January 2023, according to the British Heart Foundation, a UK-based cardiovascular research organization, the number of stroke deaths in 2020 was 34,518, up from 34,420 in 2019. Therefore, the rising incidence of heart-related conditions is driving the growth of the mobile ECG devices market.
Key Industry Players
Major companies operating in the mobile ecg devices market report are Medtronic PLC, Koninklijke Philips N.V., GE Healthcare, Omron Corporation, Mindray Medical International Limited, ZOLL Medical Corporation, Hill-Rom Holdings Inc., Nihon Kohden Corporation, Spacelabs Healthcare, Biotronik SE & Co KG, Fukuda Denshi Co. Ltd., Welch Allyn Inc., Bittium Biosignals Ltd., Contec Medical Systems Co. Ltd., Midmark Corporation, 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.
The mobile ecg devices market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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