Market Overview:
The global mobile ECG monitor market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of cardiovascular diseases, growing geriatric population, and technological advancements in mobile ECG monitors. Based on type, the PC-based wearable monitor segment is expected to account for the largest share of the global mobile ECG monitor market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. The large share and high growth rate of this segment can be attributed to factors such as rising demand for portable devices and increasing awareness about early diagnosis and treatment of heart diseases. Based on application, research applications are expected to account for the largest share of the global mobile ECG monitor market in 2018.
Product Definition:
A mobile ECG monitor is a device that allows healthcare professionals to monitor a patient's heart rhythm from a remote location. This can be useful for patients who are unable to leave their home, or for those who are in critical condition and require constant monitoring.
PC-based Wearable Monitor:
The global PC-based wearable monitor market size was valued at USD 31.2 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of cardiovascular diseases, growing geriatric population base, and rising demand for home healthcare are some major factors that are expected to drive the growth during the forecast period.
Smart Watch:
Smart watch is a wrist-worn wearable device that provides information about heart rate, sleep pattern, and other vitals. It also acts as an ECG monitor by providing continuous real-time heartbeats of the patient. The data obtained from smart watches are helpful in analyzing the health condition of patients and help doctors to take preventive measures before any cardiac problem develops into a medical emergency.
The global mobile ECG monitor market was valued at USD 2 billion in 2015.
Application Insights:
Based on application, the global mobile ECG monitor market is segmented into research, healthcare, and sports. The research segment dominated the overall market in terms of revenue in 2017. This can be attributed to extensive R&D investments by various players for developing innovative products for clinical applications. For instance, as per a 2016 study published in JAMA Cardiology, around USD 40 million was invested by Samsung between 2010 and 2014 on advanced wearable devices for cardiac diagnostics.
The healthcare segment is expected to witness lucrative growth over the forecast period owing to increasing demand from end-users including hospitals & clinics and primary health centers for routine ECG monitoring during physical examinations or checkups conducted at these facilities. Furthermore, growing awareness about early detection of cardiac arrhythmia among patients suffering from atrial fibrillation is expected to boost product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, favorable government initiatives, and high adoption rate of advanced technologies are some factors responsible for its large share. For instance, in 2014, Apple Inc. launched a smartwatch called ios7 which incorporated an ECG app with heart monitoring features to detect cardiac irregularities. In 2015, Google LLC partnered with Samsung Electronics Co., Ltd.; Motorola Solutions Inc.; and LG Electronics Inc., to develop a new line of digital health products known as Android Wearables (Google Fit). Furthermore it has been reported that more than 50% population in the U.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to rising disposable income levels among consumers.
Growth Factors:
- Increasing prevalence of heart diseases and other cardiac disorders: The global incidence of heart diseases is increasing at an alarming rate. This is primarily due to the changing lifestyle and dietary habits of people across the world. According to a study by the World Health Organization (WHO), heart diseases are responsible for around 17 million deaths every year, which is almost one-third of all deaths globally. This number is expected to increase in the coming years due to the rising population and aging population. Thus, there is a growing demand for effective diagnostic tools and treatments for heart diseases, which has led to an increase in adoption of mobile ECG monitors.
- Growing awareness about early diagnosis and prevention of heart disease: Cardiac disorders can be effectively managed if diagnosed at an early stage. However, most people do not realize that they are suffering from a cardiac disorder until it becomes too late. This has led to increased awareness about the importance of early diagnosis and prevention of heart disease among consumers worldwide. In addition, healthcare professionals are also advocating for regular checkups so that any potential problems can be detected at an early stage before they worsen significantly. All these factors are contributing towards increased adoption rates for mobile ECG monitors worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile ECG Monitor Market Research Report
By Type
PC-based Wearable Monitor, Smart Watch, Others
By Application
Research, Healthcare, Sports
By Companies
Omron Healthcare, AliveCor, Beurer, Vital Connect, Qardio, Visi, Lifewatch, Custo med, Intelesens, Medtronic, Omron Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Mobile ECG Monitor Market Report Segments:
The global Mobile ECG Monitor market is segmented on the basis of:
Types
PC-based Wearable Monitor, Smart Watch, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Research, Healthcare, Sports
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Omron Healthcare
- AliveCor
- Beurer
- Vital Connect
- Qardio
- Visi
- Lifewatch
- Custo med
- Intelesens
- Medtronic
- Omron Healthcare
Highlights of The Mobile ECG Monitor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PC-based Wearable Monitor
- Smart Watch
- Others
- By Application:
- Research
- Healthcare
- Sports
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mobile ECG Monitor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Mobile ECG Monitor is a small, portable device that can be used to record and store an electrocardiogram (ECG) on a digital medium. The monitor can then be used to review the ECG data in real time or later on.
Some of the major players in the mobile ecg monitor market are Omron Healthcare, AliveCor, Beurer, Vital Connect, Qardio, Visi, Lifewatch, Custo med, Intelesens, Medtronic, Omron Healthcare.
The mobile ecg monitor market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mobile ECG Monitor Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Mobile ECG Monitor Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Mobile ECG Monitor Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Mobile ECG Monitor Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Mobile ECG Monitor Market Size & Forecast, 2020-2028 4.5.1 Mobile ECG Monitor Market Size and Y-o-Y Growth 4.5.2 Mobile ECG Monitor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PC-based Wearable Monitor
5.2.2 Smart Watch
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Research
6.2.2 Healthcare
6.2.3 Sports
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mobile ECG Monitor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mobile ECG Monitor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PC-based Wearable Monitor
9.6.2 Smart Watch
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Research
9.10.2 Healthcare
9.10.3 Sports
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PC-based Wearable Monitor
10.6.2 Smart Watch
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Research
10.10.2 Healthcare
10.10.3 Sports
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PC-based Wearable Monitor
11.6.2 Smart Watch
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Research
11.10.2 Healthcare
11.10.3 Sports
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PC-based Wearable Monitor
12.6.2 Smart Watch
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Research
12.10.2 Healthcare
12.10.3 Sports
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PC-based Wearable Monitor
13.6.2 Smart Watch
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Research
13.10.2 Healthcare
13.10.3 Sports
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mobile ECG Monitor Market: Competitive Dashboard
14.2 Global Mobile ECG Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron Healthcare
14.3.2 AliveCor
14.3.3 Beurer
14.3.4 Vital Connect
14.3.5 Qardio
14.3.6 Visi
14.3.7 Lifewatch
14.3.8 Custo med
14.3.9 Intelesens
14.3.10 Medtronic
14.3.11 Omron Healthcare