GLOBAL MOBILE ECG DEVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)
Global Mobile ECG Devices Market, By Modality (Pen, Band, Handheld, Others), By End User (Hospitals, Diagnostic Centers, Ambulatory Care, Homecare, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Mobile ECG Devices Market- Regional Insights
North America is expected to be the largest market for mobile ECG devices during the forecast period, accounting for over 37.2% of the market share in 2023. North America dominates the global mobile ECG devices market due highly developed healthcare system and widespread medical insurance coverage. This ensures good adoption rates for innovative medical technologies. The presence of leading device manufacturers such as Medtronic, Philips and Becton Dickinson has further strengthened the regional industry presence. These companies contribute significantly to the regional exports and also cater to global demand through exports. The pricing of devices is on the higher side compared to other regions, however, the insurance coverage helps drive sales volumes.
Asia Pacific is expected to be the second-largest market for mobile ECG devices, accounting for over 24.1% of the market share in 2023. Asia Pacific has emerged as the fastest growing regional market for mobile ECG devices in recent years. Countries such as China, India and Japan are experiencing rapid economic growth and development of their healthcare systems. Rising incidences of cardiovascular diseases due to lifestyle changes and aging population has also augmented the demand.
Europe is expected to be the fastest-growing market for mobile ECG devices, with a share of 20.1% during the forecast period. The growth of the market in Europe is due to growing prevalence of cardiovascular diseases, increasing adoption of wireless connectivity among healthcare providers, rising geriatric population and growing investments and funding for digital health
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East : GCC, Israel, rest of ME
Africa : Central Africa, South Africa, North Africa