Global Mobile ECG Systems Market Size By Type (Monitoring ECG Systems, Diagnostic ECG Systems), By Modality (Handheld, Pen, Band), By End User (Personal Users, Hospital & Clinics, Ambulatory Services), By Geographic Scope And Forecast

Mobile ECG Systems Market Size And Forecast

Mobile ECG Systems Market size was valued at USD 4,291.30 Million in 2020 and is projected to reach USD 6,955.51 Million by 2028, growing at a CAGR of 6.04% from 2021 to 2028.

The market growth is primarily driven by the rising prevalence of cardiovascular diseases and increasing consumer awareness about the product benefits. The Global Mobile ECG Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Mobile ECG Systems Market Definition

The Electrocardiogram (ECG) is one of the fundamental tests performed to detect the heart condition in case of any cardiovascular diseases. It is a device that is used to measure heart activity and rhythm. Traditional ECG machines are time-consuming, costly, and tedious. Thus, mobile ECG devices are gaining traction owing to their convenience, ease of use, and non-invasive method. Mobile ECG device is the wireless diagnostic tool that can share the data through wireless connection technologies, namely WiFi and Bluetooth. This device can be easily connected to tablets, smartphones, and other applications to share, analyze, and store the data which can be later used for analysis by medical physicians & healthcare professionals. The device is lightweight, easy to carry, safe, and a reliable source for diagnosis and monitoring of heart activities.

Global Mobile ECG Systems Market Overview

The market growth is primarily driven by the rising prevalence of cardiovascular diseases and increasing consumer awareness about the product benefits. In addition to this, the growing emphasis on technological advancements by the market players is likely to create ample opportunities for the market players during the review period.

However, issues related to technical complexities and reimbursements pertaining to the product are likely to hamper the market growth.

Global Mobile ECG Systems MarketSegmentation Analysis

The Global Mobile ECG Systems Market is segmented on the basis of Type, Modality, End User, and Geography.

Global Mobile ECG Systems Market, By Type

• Monitoring ECG Systems• Diagnostic ECG Systems

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On the basis of Type, the Global Mobile ECG Systems Market has been segmented into Monitoring ECG Systems, Diagnostic ECG Systems. The monitoring ECG systems garnered the highest market share in 2020. This is largely attributed to the rise in the prevalence of cardiovascular diseases (CVDs) and the surging need to continuously monitor the ECG levels to offer proper analysis & personalized medicines to improve the effectiveness of the treatments. Also, rising geriatric population who are highly prone to heart diseases, further augment the need for monitoring ECG devices. Mobile monitoring ECG devices are portable and wireless in nature, the doctors can thus monitor the patient remotely with ease.

Global Mobile ECG Systems Market, By Modality

• Handheld• Pen• Band

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On the basis of Modality, the Global Mobile ECG Systems Market has been segmented into Handheld, Pen, Band. The handheld segment dominated the market with an astounding market share of 50-60%. This is mainly attributed to higher portability provided by handheld devices for ECG diagnosis coupled with the rising convenience of handheld ECG devices which makes it easy to monitor and track the ECG levels at any place with interactive displays. Handheld ECG devices are a suitable substitute that can alleviate some of the limitations of traditional ECG devices and have the potential to be incorporated into routine clinical practice.

Global Mobile ECG Systems Market, By End User

• Personal Users• Hospital & Clinics• Ambulatory Services

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On the basis of End User, the Global Mobile ECG Systems Market has been segmented into Personal Users, Hospital & Clinics, Ambulatory Services. The Personal Users accounted for the fastest-growing region in the global Mobile ECG Systems Market in 2020. Personal use ECG devices typically have inbuilt sensors and in some cases use leads. The growing prevalence of cardiovascular diseases and the increasing need to continuously monitor heart health is driving the demand for small handheld devices. These personal ECG device helps to detect common heart diseases including bradycardia, arrhythmias, or irregular heartbeat-atrial fibrillation (AFib), and tachycardia which requires continuous monitoring and a healthy lifestyle. In addition to this, regular heart monitoring is required while exercising, thus, resulting in strong demand for portable ECG devices for personal use. These devices allow the users to check their heart anytime, anywhere using their smartphones.

Global Mobile ECG Systems Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

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The Global Mobile ECG Systems Market is segmented on the basis of Geography into North America, Europe, Asia Pacific, Rest of the World. The market in North America accounted for the largest market share of 40-50% in 2020. The key factor driving the product demand in the region is a large number of people suffering from cardiovascular diseases particularly in the US. Heart disease is the leading cause of death for women, men, and people of most racial and ethnic groups in the US. Around 659,000 people die due to heart disease each year in the US. In addition to this, increasing prevalence of General Electric Company, Hill-Rom Holdings, Inc., and CardioComm Solutions, Inc. among others is propelling the regional market growth substantially. High product adoption rate in the region due to easy product availability and convenience is expected to boost the market growth at a substantial CAGR during the review period.

Key Players

The “Global Mobile ECG Systems Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Alivecor, Inc, BPL Medical Technologies, CARDIOCOMM SOLUTIONS, INC., EB NEURO S.P.A., GENERAL ELECTRIC COMPANY, GETEMED Medizin- Und Informationstechnik AG., Koninklijke Philips N.V, MD BIOMEDICAL, INC., Nihon Kohden Corporation., Uscom. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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