Exploring Key Insights of the Electrocardiogram (ECG) Telemetry Devices Market: Growth Prospects, Emerging Trends, and Opportunities
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What key factors are powering the surge in the electrocardiogram (ecg) telemetry devices market right now?
In recent times, the electrocardiogram (ECG) telemetry devices market has exhibited robust growth. It is projected to expand from $4.14 billion in 2024 to $4.5 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.7%. This growth during the previous period was fueled by factors such as the rise in the aging population, an increase in cardiovascular diseases, the growing number of home care monitoring devices, the preference for a sedentary lifestyle, and the proliferation of life-threatening diseases.
How fast Is the electrocardiogram (ecg) telemetry devices market expected to grow, and what’s its future value?
In the coming years, the market size for electrocardiogram (ECG) telemetry devices is projected to experience significant growth. It is anticipated to expand to $6.21 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%. The expected growth during the forecast period can be linked to the escalating incidence of obesity, elevated intake of alcohol and cigarettes, enhanced consciousness about cardiovascular wellbeing, commonness of arrhythmia, and increasing stress levels in individuals. The major trends during the forecast period encompass technological advancements like automated ECG reading technology, incorporation of data analytics, sensor technology, internet of things (IoT) and mobile computing technology.
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What are the leading drivers of growth in the electrocardiogram (ecg) telemetry devices market?
The increasing prevalence of cardiovascular diseases will likely drive the expansion of the electrocardiogram (ECG) telemetry devices market. Cardiovascular diseases (CVDs), which encompass conditions like coronary artery disease, heart failure, and stroke, affect the heart and blood vessels. The escalating crisis of CVDs can be traced back to factors such as unhealthy eating habits, lack of physical activity, tobacco use, overconsumption of alcohol, air pollution, and socioeconomic factors like poverty and stress. ECG telemetry devices boost cardiovascular healthcare by offering continuous, live monitoring, endorsing remote and home care, enhancing the performance of implantable devices, assisting in precise diagnosis and customized treatment, and enabling quick response in emergencies. For example, the American Heart Association, a non-profit organization based in the US, indicated in January 2024 that the age-adjusted mortality rate from cardiovascular disease had risen by 4.0% to 233.3 per 100,000 in 2024, up from 224.4 per 100,000 in 2023. Hence, the swelling crisis of cardiovascular diseases is fueling the growth of the electrocardiogram (ECG) telemetry devices market.
What are the key segments defining the electrocardiogram (ecg) telemetry devices market?
The electrocardiogram (ECG) telemetry devices market covered in this report is segmented –
1) By Product: Event Monitoring And Mobile Cardiac Telemetry, Implantable Loop Recorders, Other Products
2) By Application: Arrhythmias, Myocardial Ischemia and Infarction, Pacemaker Monitoring, Other Applications
3) By End-User: Hospitals, Home Healthcare
Subsegments:
1) By Event Monitoring And Mobile Cardiac Telemetry: Handheld Event Monitors, Wireless Mobile Cardiac Telemetry Devices, Real-Time Event Monitors, Patch-Based Event Monitors, Mobile ECG Telemetry Systems With Cloud Integration
2) By Implantable Loop Recorders: Subcutaneous Implantable Loop Recorders (ILRs), Wireless Implantable Loop Recorders, Long-Term Monitoring Implantable Loop Recorders, Miniaturized Implantable Loop Recorders, Remote Monitoring Implantable Loop Recorders
3) By Other Products: Holter Monitors, Wireless ECG Monitors, Smart Wearable ECG Devices, Patch-Based ECG Monitors, Portable ECG Telemetry Devices
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Who are the key players steering the development of the electrocardiogram (ecg) telemetry devices market?
Major companies operating in the electrocardiogram (ECG) telemetry devices market are Johnson & Johnson, Medtronic PLC, Koninklijke Philips N.V., GE Healthcare Company, ZOLL Medical Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Hill-Rom Services Inc., BIOTRONIK, Nihon Kohden Corporation, iRhythm Technologies Inc., Schiller AG, CardioNet Inc., Preventice Solutions Inc., AliveCor Inc., Mortara Instrument Inc., Medicalgorithmics SA, Custo med GmbH, ScottCare Cardiovascular Solutions, Aerotel Medical Systems Ltd., Compumed Inc.
What emerging trends are influencing the growth of the electrocardiogram (ecg) telemetry devices market?
Leading businesses in the ECG telemetry devices market are concentrating on the production of innovative technologies, such as groundbreaking cardiac monitoring devices. These devices offer improved precision, real-time information sharing, and compatibility with mobile health platforms, thus facilitating superior remote patient care and early identification of cardiovascular incidents. A groundbreaking cardiac monitoring device is a revolutionary technology that greatly enhances patient care by offering long-term, continuous cardiac rhythm monitoring and early detection of heart irregularities. This allows for the prompt diagnosis and treatment of cardiovascular disorders. For example, in March 2022, Biotricity, a US-based firm specializing in the creation of cutting-edge remote monitoring devices and health applications, introduced Biotres, a disruptive cardiac monitoring device. The Biotres device offers continuous, three-channel ECG data to help detect cardiac arrhythmias more effectively. The device is made for prolonged use, providing up to 30 days of monitoring with automated data offloading and wireless connectivity, substantially shortening diagnostic turnaround times when compared to traditional holter monitors. The ease of use and modular features of Biotres make it a game-changing solution in the remote patient monitoring market, addressing the increasing demand for effective cardiac care.
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Which regions are most influential in expanding the electrocardiogram (ecg) telemetry devices market?
North America was the largest region in the electrocardiogram (ECG) telemetry devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrocardiogram (ECG) telemetry devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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