Growing Popularity for Wireless ECG Devices to Propel the Mobile ECG Devices market

The global mobile ECG devices market is anticipated to grow at a CAGR of 11.3% during the forecast period (2024-2031). Pivotal factors attributed to growth of the wireless ECG devices market include the rising geriatric population, the growing incidences of cardiovascular diseases, and technological advancements in remote monitoring technologies. The British Heart Foundation (BHF) data published in January 2023 reported that in 2021, the most common cardiovascular conditions are coronary (ischaemic) heart disease (global prevalence estimated at 200 million in 2019), peripheral arterial (vascular) disease (110 million), stroke (100 million) and atrial fibrillation (60 million). Additionally, the report revealed that the prevalence of heart and circulatory diseases in North America was 48 million, in Europe it was 100 million, in Africa and middle east it was 98 million, in Latin America it was 48 million, and in Asia and Australia it was 340 million. Moreover, the high number of cardiovascular diseases in the world's population is likely to boost the demand for wireless ECG devices because they are more accurate and easier to use, which propelled the market growth.  

Browse the full report description of “Mobile ECG Devices Market Size, Share & Trends Analysis Report by Type (MRI Compatible Pacemaker, and Conventional Pacemaker), by Technology (Single-chamber Pacemaker, Dual-chamber Pacemaker, and Biventricular/CRT Pacemaker), By Application, (Bradycardia, and Acute Myocardial Infarction), by End-use (Hospitals & Cardiac Centers, Ambulatory Surgical Centers), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/mobile-ecg-devices-market

Global Heart & Circulatory Disease Prevalence in 2021

Source: British Heart Foundation Factsheet 2023

Additionally, the report published by the UN in 2022 mentioned that the share of the global population aged 65 years or older is estimated to rise from 10% in 2022 to 16% in 2050. By 2050, the number of persons aged 65 years or over worldwide is projected to be more than twice the number of children under age 5 and about the same as the number of children under age 12. Over the next few years, the growth of the market is also projected to be helped by the growing number of older people who are more likely to get heart diseases. 

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Modality

o By Type

o By End-User 

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes GE HealthCare Technologies Inc, Koninklijke Philips N.V., Medtronic plc, Nihon Kohden Corp., and others. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Mobile ECG Devices Market Report Segment

By Modality

• Pen 
• Handheld

By Type

• Monitoring ECG systems
• Diagnostic ECG systems

By End-User 

• Hospitals
• Clinics
• Ambulatory Care
• Homecare

Global Mobile ECG Devices Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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