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The wearable ECG monitor market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 23%, as per The Business Research Company’s market report!

Read More On The Wearable ECG Monitor Market Report 2022 – https://www.thebusinessresearchcompany.com/report/wearable-ecg-monitors-global-market-report

The Wearable ECG Monitor Market Size In 2022 And Forecast

The global wearable ECG monitor market is expected to grow from $1.92 billion in 2021 to $2.7 billion in 2022 at a compound annual growth rate (CAGR) of 40.6%. The global wearable ECG monitor market size is expected to grow to $6.27 billion in 2026 at a CAGR of 23.4%.

The wearable ECG monitor market consists of sales of ECG monitors embedded with optical sensors and designed to be affixed to a limb of the human (patient) body to monitor physiological information anytime and anywhere.

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Increasing Incidence Of Cardiovascular Diseases Is Driving The Growth Of The Wearable ECG Monitor Market

According to the Centers for Disease Control and Prevention, one person dies every 36 seconds in the USA from CVD. CVD account for nearly 836,546 deaths in the US alone. Cardiovascular diseases that include abnormalities in heart rhythm such as atrial fibrillation, ventricular fibrillation, and atrioventricular block require long-term monitoring. Additionally, since the mortality rate is high in CVD patients, the need for wearable devices that enable continuous heart monitoring is critical. The increasing incidence of cardiovascular diseases is therefore driving the market for wearable ECG monitors for quick emergency response and earlier detection of heart malfunctioning.

Competitive Landscape And The Regional Analysis Of The Wearable ECG Monitor Market

Major players in the wearable ECG monitor market are Apple, GE Healthcare, Withings, Samsung, QardioCore, AliveCor, Fitbit, Welch Allyn, Philips Healthcare, and CardioNet.

Additionally, as per TBRC’s research – Western Europe was the largest region in the wearable ECG monitor market in 2021 holding the largest market share.

The Wearable ECG Monitor Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wearable ECG monitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the wearable ECG monitor market.

Smart Clothing Technology – A Key Trend In The Wearable ECG Monitor Market

Prolonged ambulatory rhythm monitoring is crucial for the diagnosis of intermittent arrhythmia. Conventional technologies for non-invasive rhythm monitoring include Holter monitoring or external cardiac event recorders. However, these traditional technologies have limitations in terms of low sensitivity, low diagnostic yield, and poor patient compliance. Although implantable cardiac monitors (ICMs) help in long-term monitoring, it is an invasive method as it requires minor surgery and is also associated with significant costs. Therefore, there is an increasing demand for non-invasive ambulatory rhythm monitoring. Smart clothing technology is a novel, alternative tool for non-invasive ambulatory rhythm monitoring.

Wearable ECG Monitor Market Segmentation By The Business Research Company

1) By Type: Wired, Wireless

2) By Application: Atrial Fibrillation, Angina, Atherosclerosis, Cardiac Dysrhythmia, Congestive Heart Failures (CHF), Coronary Artery Disease, Heart Attack, Bradycardia, Tachycardia

3) By Grade: Consumer, Clinical

4) By Sales Channel: Online, Pharmacy

Here Are Some Reports Related To The Wearable ECG Monitor Market –

Electrophysiology Devices And Equipment Global Market Report 2022

Interventional Cardiology Devices And Equipment Global Market Report 2022

Cardiovascular Monitoring And Diagnostic Devices And Equipment Global Market Report 2022

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