Market Overview:
The global smart ECG monitors market is expected to grow at a CAGR of 7.5% 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 smart ECG monitors. Based on type, the global smart ECG monitors market can be segmented into wearable and simple and portable devices. The wearable devices segment is expected to grow at a higher CAGR during the forecast period as these devices are easy-to-use and provide real-time data on heart activity. Based on application, the global smart ECG monitors market can be divided into hospitals, ambulatory surgical centres (ASCs), clinics, and homecare settings. Among these applications, hospitals are expected to account for a larger share of the global market during the forecast period owing to rising demand for minimally invasive surgeries across regions. Geographically, North America is estimated to dominate the global Smart ECG Monitors Market in 2018 followed by Europe due States with high prevalence rate of cardiovascular diseases such as Germany France Italy Spain etc., Asia Pacific excluding Japan (APEJ) region is projected register highest CAGR over next 10 years owing rapid adoption rate among healthcare providers coupled with increasing disposable income levels in countries such as China India South Korea etc.
Product Definition:
A Smart ECG Monitor is a device that can detect and monitor heart abnormalities. It is important to have a Smart ECG Monitor because it can help to prevent serious heart problems from occurring.
Wearable:
The wearable technology market is expected to grow at a rapid pace over the forecast period. The major driving factors for this growth are increasing prevalence of cardiovascular diseases and growing geriatric population base. Furthermore, rising awareness about early detection of heart disorders coupled with continuous technological advancements in ECG devices is also expected to drive the market during the forecast period. However, high cost associated with these devices may pose as a challenge for its adoption by consumers across different economic strata of society.
Simple and Portable:
It is a small device that can be easily worn around the neck and monitors heart rate through the chest using an optical sensor. It also provides with real-time feedback about whether or not we are keeping our heart healthy. The data is then transferred to smartphones where it can be analyzed by healthcare professionals, thereby helping in making informed decisions regarding patient treatment.
Application Insights:
The market is segmented by application into hospitals, ambulatory surgical centers, clinics and home care settings. The clinics segment dominated the overall market in terms of revenue share in 2017. This can be attributed to factors such as increasing geriatric population and rising cases of cardiovascular diseases which require frequent monitoring. Moreover, growing awareness about early detection among patients is also expected to drive the growth over the forecast period.
The hospital segment is anticipated to witness significant growth during the forecast period owing to factors such as an increase in number of premature births and accidents & trauma cases requiring ECG monitoring for accurate diagnosis. Furthermore, technological advancements that make it easier for patients with heart conditions or at risk of developing them to access their medical records are further expected fuel industry growth during this timeframe.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and favorable government initiatives are some factors responsible for its large share. For instance, the Cardiovascular Health Initiative by the U.
Asia Pacific region is expected to grow at a lucrative rate over the forecast period owing to increasing geriatric population prone to cardiac disorders coupled with rising disposable income levels especially in developing countries such as China & India.
Growth Factors:
- Increasing prevalence of heart diseases and other cardiac disorders: The global prevalence 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 incidence of obesity, diabetes, and other cardiovascular risk factors. Thus, there is a growing demand for smart ECG monitors that can help in early diagnosis and treatment of these conditions.
- Growing awareness about early detection and prevention of heart diseases: There has been a significant increase in awareness about early detection and prevention of heart diseases among people across the globe in recent years. This has led to an increased demand for smart ECG monitors that can help detect cardiac abnormalities at an early stage.
- Technological advancements: The development of new technologies has helped improve the accuracy and performanceofsmart ECG monitorsin recent years .This has resulted in an increased adoptionof these devices by healthcare professionals worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart ECG Monitors Market Research Report
By Type
Wearable, Simple and Portable, Other
By Application
Hospitals, Ambulatory Surgical Centres, Clinics, Homecare Settings
By Companies
Abbott Laboratories, Apple, Qardio?Inc, Withings, AliveCor, Komodo Technologies, Hexoskin, Thought Technology, Contec Medical Systems, Preventice, Cortrium, Viatom Technology co, Heal Force
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Smart ECG Monitors Market Report Segments:
The global Smart ECG Monitors market is segmented on the basis of:
Types
Wearable, Simple and Portable, Other
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
Hospitals, Ambulatory Surgical Centres, Clinics, Homecare Settings
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:
- Abbott Laboratories
- Apple
- Qardio?Inc
- Withings
- AliveCor
- Komodo Technologies
- Hexoskin
- Thought Technology
- Contec Medical Systems
- Preventice
- Cortrium
- Viatom Technology co
- Heal Force
Highlights of The Smart ECG Monitors 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:
- Wearable
- Simple and Portable
- Other
- By Application:
- Hospitals
- Ambulatory Surgical Centres
- Clinics
- Homecare Settings
- 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 Smart ECG Monitors 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?
Smart ECG monitors are devices that can be worn on the body and measure heart rate, blood pressure, and other vital signs. They are often used to monitor patients during medical procedures or to track their health over time.
Some of the major players in the smart ecg monitors market are Abbott Laboratories, Apple, Qardio?Inc, Withings, AliveCor, Komodo Technologies, Hexoskin, Thought Technology, Contec Medical Systems, Preventice, Cortrium, Viatom Technology co, Heal Force.
The smart ecg monitors market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart ECG Monitors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart ECG Monitors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart ECG Monitors Market - Supply Chain
4.5. Global Smart ECG Monitors Market Forecast
4.5.1. Smart ECG Monitors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart ECG Monitors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart ECG Monitors Market Absolute $ Opportunity
5. Global Smart ECG Monitors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart ECG Monitors Market Size and Volume Forecast by Type
5.3.1. Wearable
5.3.2. Simple and Portable
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart ECG Monitors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart ECG Monitors Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Ambulatory Surgical Centres
6.3.3. Clinics
6.3.4. Homecare Settings
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart ECG Monitors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart ECG Monitors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart ECG Monitors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart ECG Monitors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart ECG Monitors Demand Share Forecast, 2019-2026
9. North America Smart ECG Monitors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart ECG Monitors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart ECG Monitors Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Ambulatory Surgical Centres
9.4.3. Clinics
9.4.4. Homecare Settings
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart ECG Monitors Market Size and Volume Forecast by Type
9.7.1. Wearable
9.7.2. Simple and Portable
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart ECG Monitors Demand Share Forecast, 2019-2026
10. Latin America Smart ECG Monitors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart ECG Monitors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart ECG Monitors Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Ambulatory Surgical Centres
10.4.3. Clinics
10.4.4. Homecare Settings
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart ECG Monitors Market Size and Volume Forecast by Type
10.7.1. Wearable
10.7.2. Simple and Portable
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart ECG Monitors Demand Share Forecast, 2019-2026
11. Europe Smart ECG Monitors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart ECG Monitors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart ECG Monitors Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Ambulatory Surgical Centres
11.4.3. Clinics
11.4.4. Homecare Settings
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart ECG Monitors Market Size and Volume Forecast by Type
11.7.1. Wearable
11.7.2. Simple and Portable
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart ECG Monitors Demand Share, 2019-2026
12. Asia Pacific Smart ECG Monitors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart ECG Monitors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart ECG Monitors Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Ambulatory Surgical Centres
12.4.3. Clinics
12.4.4. Homecare Settings
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart ECG Monitors Market Size and Volume Forecast by Type
12.7.1. Wearable
12.7.2. Simple and Portable
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart ECG Monitors Demand Share, 2019-2026
13. Middle East & Africa Smart ECG Monitors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart ECG Monitors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart ECG Monitors Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Ambulatory Surgical Centres
13.4.3. Clinics
13.4.4. Homecare Settings
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart ECG Monitors Market Size and Volume Forecast by Type
13.7.1. Wearable
13.7.2. Simple and Portable
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart ECG Monitors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart ECG Monitors Market: Market Share Analysis
14.2. Smart ECG Monitors Distributors and Customers
14.3. Smart ECG Monitors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Abbott Laboratories
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Apple
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Qardio?Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Withings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AliveCor
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Komodo Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hexoskin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Thought Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Contec Medical Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Preventice
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cortrium
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Viatom Technology co
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Heal Force
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
