Mobile electrocardiogram (ECG) devices allow heart monitoring and detection of cardiac abnormalities through portable equipment which can be easily carried or worn by patients. Mobile ECG devices help in early detection of several heart conditions such as arrhythmias, ischemia, infarction, and electrolyte abnormality among others. These devices are alternatives to standard 12-lead ECG machines commonly used in hospitals and clinics. Factors such as small size, wireless capability, interpretation software, and self-adhesive electrodes make mobile ECG devices user-friendly for personal and ambulatory monitoring. The growing incidence of cardiovascular diseases around the world has boosted the demand for such portable heart monitoring devices globally.
The Global Mobile ECG Devices Market Is Estimated To Be Valued At US$ 5,050.5 Mn In 2024 And Is Expected To Exhibit A CAGR Of 11.5% Over The Forecast Period 2024 To 2031
Key Takeaways
Key players operating in the Global Mobile ECG Devices are AliveCor, Beurer UK Ltd., Borsam Biomedical Instrument, GE Healthcare, Medtronic, iRhythm Technologies, Inc., Koninklijke Philips N.V., Emay, Dr Trust, Omron, Nihon Kohden Corporation, InfoBionic, BHA MEDICAL, Lepu Medical Technology(Beijing) Co.,Ltd. And Panasonic Industry. These players are focusing on new product launches, collaborations and geographic expansions to gain more market shares.
There are several opportunities in the market due to growing preference for personalized and wireless health monitoring devices. Self-monitoring and detection of asymptomatic arrhythmias is driving demand for these devices. Telecardiology is also offering new opportunities for mobile ECG device manufacturers to enter into long-term contracts with hospitals, clinics and home healthcare agencies.
Globally, manufacturers are expanding into developing regions of Asia Pacific, Middle East, and Latin America seeing increased healthcare investments and demand for affordable cardiological care. China, India and Brazil are witnessing high installation of mobile ECG devices due to rising cardiovascular patient pool and growing medical device industry.
Market drivers and restrain
The major driver for the Mobile ECG Devices Market Growth is the rising incidence of cardiovascular diseases. According to the World Health Organization (WHO), cardiovascular diseases are the number one cause of death globally, and they are rising rapidly in low and middle income countries. Diseases like hypertension, heart failure and coronary heart disease have become more prevalent. This is increasing the need for regular cardiac monitoring using portable ECG devices.
However, data security issues could restrain the market growth. As mobile ECG devices transfer health data wirelessly, there are concerns about data privacy and threats from cyber attacks. Stringent regulations around data protection and cyber security for medical devices act as a challenge for manufacturers. Lack of reimbursement policies for personalized heart monitoring using mobile ECG devices in many countries also hinders wider adoption.
Segment Analysis
The Global Mobile ECG Devices Market Size and Trends is dominated by the ECG monitors sub segment due to increasing cases of cardiovascular diseases. ECG monitors are majorly used for cardiac event monitoring, arrhythmia detection and stroke risk assessment. They are lightweight, portable and easy to use for telemedicine applications and remote cardiac monitoring.
Global Analysis
The Asia Pacific region is expected to grow the fastest in the global mobile ECG devices market during the forecast period. Increasing healthcare expenditure, rising elderly population, growing awareness regarding cardiovascular diseases and adoption of technologically advanced medical devices are the key factors driving market growth in Asia Pacific. Countries such as China and India are expected to offer lucrative opportunities for players operating in the mobile ECG devices market due to rapid expansion of healthcare infrastructure and surge in medical tourism industry. North America dominated the market in 2024 due to presence of major players, strong reimbursement policies and supportive government initiatives towards adoption of digital healthcare in the region.
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