ECG MONITORING SYSTEMS MARKET ANALYSIS

Market Challenges And Opportunities

Global ECG Monitoring Systems Market– Driver

Increasing prevalence of cardiovascular diseases

Increasing prevalence of cardiovascular diseases is expected to propel growth of the  global ECG monitoring systems market over the forecast period. For instance, according to the American Heart Association's Heart and Stroke Statistics 2021 update, around 48% of all adults in the U.S. suffered from some type of cardiovascular disease in 2020.  Smoking has a high prevalence of optimum levels for a cardiovascular disease component (79.8% of individuals say they have never smoked or have never smoked in the past 12 months).

Growing geriatric population

Growing geriatric population can also drive the ECG monitoring systems market growth. For instance, according to an article published in World Health Orgnisation in November 2022, reported 1 in 6 people in the world will be aged 60 years or over in 2030. The share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). Non- cystic fibrosis bronchiectasis is the most common in elderly and frailer patients with estimated cases of 50% in patients over 65 years of age and 19.1% in patients over 75 years old.

• Inaccuracy of wearable ECG devices