Global Mobile ECG Devices Market Size and Trends
Global mobile ECG devices market is expected to reach US$ 5,050.5 Mn by 2030, from US$ 2,354.4 Mn in 2023, exhibiting a CAGR of 11.5% during the forecast period.
Figure 1. Global Mobile ECG Devices Market Share (%), By Region, 2023
Global Mobile ECG Devices Market- Trends
- Integration with smartphones and tablets: The integration of smartphones and tablets with mobile ECG devices is having a profound impact on the global market for these products. By allowing users to wirelessly connect ECG monitors to their mobile devices, manufacturers are able to make the technology more portable and accessible than ever before. This has led to increased adoption of mobile ECG devices among both healthcare professionals and individual users. Individuals can now easily monitor their heart health from the convenience of their own home using a chest strap or fingertip monitor paired with a smartphone. This makes routine ECG checks far more practical for preventative care. Data captured on the mobile device can also be easily shared with physicians through wireless transmission or electronic health records. This enables remote monitoring of heart conditions and faster response times in emergencies. For example, the Apple Watch has U.S. FDA clearance to detect atrial fibrillation and can alert users to potentially serious heart issues.
- Use of cloud-based mobile ECG analysis: The use of cloud-based mobile ECG analysis is having a significant influence on the global mobile ECG devices market. With cloud-based analysis, ECG data collected through mobile devices can be seamlessly transmitted to cardiologists and researchers for remote monitoring and diagnostics. This enables early detection of aMnormalities and quick clinical intervention. It has become possible to continuously monitor high-risk cardiac patients and the elderly outside of healthcare facilities as well. The analysis is done by advanced AI and machine learning algorithms in the cloud which can recognize complex arrhythmias and heart conditions more accurately compared to manual analysis.
- Acquisition: The mobile ECG devices market has seen a significant rise in acquisitions by major players. As companies look to expand their product portfolios and global reach, consolidation has become a key strategy. For instance, in June 2021, AliveCor, the global leader in FDA-cleared personal electrocardiogram (ECG) technology and services, announced that it had acquired the independent diagnostic testing facility (IDTF) CardioLabs, a leading monitoring and cardiac diagnostic service provider. The acquisition is a cornerstone of AliveCor’s mission to extend its comprehensive cardiological services to patients who are prescribed monitoring devices by their healthcare providers.
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