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How has the mobile ecg devices market grown in recent years?

In recent times, the mobile ECG devices market has witnessed significant growth. The market, valued at $115.35 billion in 2024, is expected to reach $122.18 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.9%. The robust growth in the historic period is mainly owing to factors such as integration with smartphones, clinical validation and research, adoption of telemedicine, technological miniaturization, enhanced connectivity, and an increased focus on health consciousness.

How is the mobile ecg devices market size expected to evolve during the forecast period?

The market size for mobile ECG devices is projected to experience robust expansion over the upcoming years, with a value expected to reach $166.82 billion in 2029, noting a compound annual growth rate (CAGR) of 8.1%. Factors contributing to this forecasted growth incorporate the escalating prevalence of cardiovascular diseases, an aging population, the broadening scope of telehealth, heightened health consciousness among consumers, and the progression of digital health initiatives. During this forecast period, major trends such as tailor-made healthcare solutions, regulatory progression, infiltration of the market in budding economies, an emphasis on user-friendly designs, and enlargement in home healthcare represent significant dynamics.

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Which key drivers are propelling the mobile ecg devices market’s growth?

The increase in heart-related ailments is projected to drive the growth of the mobile ECG devices market in the future. These heart-related ailments encompass a range of disorders related to the heart and blood vessels, including coronary heart disease, congenital heart disease, and more. Mobile ECG is primarily utilized in diagnosing myocardial infarction and cardiac arrhythmias. This aids in better and more manageable monitoring of heart disorders, thereby decreasing the presence of untreated and unobserved conditions. For example, in 2024, the Centers for Disease Control and Prevention, a US government agency, reported that heart disease was responsible for 702,880 deaths in 2022, representing 1 in every 5 deaths in the United States. Consequently, the increasing occurrence of heart-related ailments is fueling the growth of the mobile ECG devices market.

What are the market segments in the mobile ecg devices industry?

The mobile ECG devices market covered in this report is segmented –

1) By Type: Monitoring ECG Systems, Diagnostics ECG Systems

2) By Modality: Handheld, Pen, Band, Other Modalities

3) By End User: Personal Users, Hospitals, Clinics, Ambulatory Services

Subsegments:

1) By Monitoring ECG Systems: Wearable ECG Monitors, Handheld ECG Monitors, Patch-Based ECG Monitors

2) By Diagnostics ECG Systems: Portable ECG Devices, Smartphone-Based ECG Devices, Holter Monitors

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Which leading companies are shaping the growth of the mobile ecg devices market?

Major companies operating in the mobile ECG devices market include Medtronic PLC, Koninklijke Philips N.V., GE Healthcare, Omron Corporation, Mindray Medical International Limited, ZOLL Medical Corporation, Nihon Kohden Corporation, Spacelabs Healthcare, Biotronik SE & Co KG, Fukuda Denshi Co. Ltd., Bittium Biosignals Ltd., Contec Medical Systems Co. Ltd., Schiller AG, Preventice Solutions Inc., BPL Medical Technologies Pvt. Ltd., AliveCor Inc., EB Neuro S.p.A, Mednet Healthcare Technologies Inc., GETEMED Medical and Information, QT Medical Inc., Qardio Inc., Innomed Medical Inc., MD Biomedical Inc., CardioComm Solutions Inc., Hexoskin, VectraCor Inc., Cardiocity Limited

What key trends are currently impacting the mobile ecg devices market’s development?

Technological advancements are the primary trend picking up steam in the mobile ECG devices market. Prominent firms in the market are integrating new technologies to maintain their market position. Take for instance, in February 2022, AliveCor Inc., an AI and medical device firm based in the US, unveiled the KardiaMobile Card. This innovation is the first personal ECG thin enough to be carried in a wallet and offering quick insights into heart health. The KardiaMobile Card connects to a smartphone via Bluetooth technology to detect six common types of arrhythmias. Users of the KardiaMobile Card can also receive monthly reports detailing their heart health, share their ECG records automatically, and analyse their ECG readouts with a cardiologist. The operating principles of this device are derived from AliveCor’s AI-powered Kardia technology, which has been assessed in over 170 peer-reviewed papers. AliveCor’s KardiaMobile Card stands out as the most compact, hardy ECG available, enabling users to take an ECG anytime, anywhere. Its resilience extends to weather, water, and regular usage.

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Which geographic areas are influencing the growth of the mobile ecg devices market?

North America was the largest region in the mobile ECG devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile ECG devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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