Mobile ECG Devices Market size in terms of volume and value 2017 – 2027

Author: Amir Shaikh

Mobile ECG device is a diagnostic tool used to measure the heart activity. It is a simple, non-invasive method used to read the cardiac rhythms and clinical symptoms. Mobile ECG device is a wireless system with data transmission capabilities to monitoring stations. It consists of two major divisions. First, the analog signal receiver which reads, amplifies the signal and convert to digital form. The second part is a wireless transmitter; it sends the data to storage devices which used for the analysis by physicians and medical personnel.

It can connect to Wi-Fi, Bluetooth, or the internet to mobiles, tablets, Pc, etc. it is safe, reliable, easy to use, wireless, lightweight and economical when compared to the conventional ECG devices. Mobile ECG device has a moderate wireless range and battery life allow the user to move freely, that is impossible in the case of conventional ECG equipment.Apps connected to a mobile platform are used to measure and display the electrical signal produced by the heart. MobileECG device can use for monitoring and diagnosis purpose either at resting position or while in motion.

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Mobile ECG Devices Market: - Drivers and Restraints

Rise in the incidence of cardiovascular diseases with changing lifestyle patterns and growing population.

Along with incidence, a large proportion of patients requires long-term care, and there is a need to decrease the hospital stay. These factors were shifting the focus towards a mobile ECG devices. Because of these factors, there is a growing demand for mobile ECG device because they are inexpensive and even disposable and are much easier to use when compared to the traditional ECG equipment. Increased Healthcare investments for early detections of cardiovascular diseases and regulatory support boosting the Mobile ECG device market. All these factors are driving the growth of the mobile ECG device market towards incremental growth.

Technical issues of the device and reimbursement hurdles are acts as restraints. Along with these factors, market saturation is also increasing the competition in the mobile ECG device market.

Mobile ECG Devices Market: - Segmentation

Segmentation based on Modality

  • Pen

  • Band

  • Handheld device

Segmentation based on End User

  • Hospitals

  • Clinics

  • Ambulatory Services

  • Personal Users

Mobile ECG Devices Market: - Market Overview

The global mobile ECG device market will expand on the back of rising demand due to increasing healthcare concerns. It is a burgeoning market which is getting benefit from escalated public expenditure on the healthcare sector, increasing awareness of the cardiovascular diseases and technological advancements. The Mobile ECG Device market growth is fuelled by emerging telemedicine, tele-reporting services, and self-monitoring and the trend is shifting toward miniaturization and portability. The future is anticipated to growth with double CAGR during the forecast period.

Mobile ECG Devices Market: - Region-Wise Overview

Global spectroscopy intravascular imaging system market is segmented in to following regions North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and Middle East and Africa. North America is dominating the global mobile ECG devices market by size, but the growth rate is slow when compared to Asia due to the saturation of the market. Asia-Pacific is a fastest growing region of the mobile ECG device market due to increased incidence and growing awareness about the heart diseases. The growth in Europe is significant but comparatively slow due to the rising government concerns. The growth rate of mobile ECG device market is high in the developing countries due to growing manufacturing companies. The growth in the Middle East and African countries is still low because of the weak healthcare policies.

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Mobile ECG Devices Market: - Key Participants

Key participants in the Mobile ECG device market are MD Biomedical Inc, Thor, Bittium Biosignals Ltd, Mednet Healthcare Technologies, Inc., CardioComm Solutions, Inc, GETEMED AG, Philips N.V., General Electric Company, and other. The companies are mainly focusing on technological advancements due to high competition in the mobile ECG device market.