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Mobile ECG Devices Market Size, Share & Trends Analysis Report By Modality (Pen, Handheld), By End-use (Ambulatory Care, Homecare), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 100 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899653
Description Jump to:
The global mobile ECG devices market size is anticipated to reach USD 5.42 billion by 2030. The market is projected to grow at a CAGR of 11.7% from 2023 to 2030. The widespread adoption of mobile ECG devices can be largely attributed to the increasing global elderly population. According to the World Health Organization (WHO), October 2022 highlights the remarkable transformation of the demographic landscape. It is projected that by 2030, one in every six individuals worldwide will have reached the age of 60 or greater. This demographic shift represents a substantial surge compared to the one billion individuals in this age group recorded in 2020. Looking further ahead to 2050, the global population aged 60 years and above is expected to double, reaching an impressive 2.1 billion individuals. This demographic trend highlights the growing need for healthcare technologies like mobile ECG devices, which are crucial for the health of the elderly population.

A significant milestone in this field is the recent approval by the FDA of a single-lead ECG smartwatch, highlighting its effectiveness in detecting atrial fibrillation (AF) among the general population. This breakthrough emphasizes the potential of smartwatches to serve as robust tools for continuous AF monitoring. Beyond smartwatches, the market has introduced various innovative devices engineered for AF monitoring and detection. According to the NCBI article published in May 2023, a single-lead wireless ECG patch has been designed for comfortable placement on the chest. This patch offers real-time ECG monitoring capabilities and leverages cloud-based data analysis, facilitating seamless data sharing with healthcare professionals.

The mobile ECG (Electrocardiogram) devices market has experienced significant recent growth driven by advancements in technology and a heightened focus on heart health. Mobile ECG devices are influential in cost reduction, enabling remote monitoring and streamlining healthcare processes, ultimately enhancing overall healthcare efficiency. These devices have also attracted substantial investments, fostering international trade and driving innovation in related industries. In essence, the market catalyzes economic growth, champions heart health, and addresses the economic challenges associated with cardiovascular diseases.

Mobile ECG Devices Market Report Highlights

  • Based on region, North America held the largest revenue share of 48.5% in the market. The significant growth of this region's market is driven by several factors, including the substantial geriatric population, advanced healthcare infrastructure, and relatively high disposable incomes
  • In terms of modality, the handheld category dominated the market in 2022 primarily with a revenue share of 41.2% due to its balanced combination of portability and functionality
  • In terms of end-use, the hospitals and diagnostic centers segment dominated the market in 2022 with a revenue share of 48.7%. This is primarily attributed to the significant patient population served by hospitals, particularly in emerging and low-income nations, which is driving the demand for mobile ECG devices

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Modality
1.1.2. End-use
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline.
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.3.6. Data for primary interviews in North America
1.3.7. Data for primary interviews in Europe
1.3.8. Data for primary interviews in Asia Pacific
1.3.9. Data for primary interviews in Latin America
1.3.10. Data for Primary interviews in MEA
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Volume price analysis (Model 2)
1.6.2. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Modality outlook
2.2.2. End-use outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Global Mobile ECG Devices Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Increasing cardiac arrhythmia prevalence
3.4.1.2. Growing technological advancement
3.4.1.3. Rising geriatric population
3.4.2. Market restraint analysis
3.4.2.1. Regulatory challenges
3.4.2.2. Privacy and data security concerns
3.5. Mobile ECG Devices Market Analysis Tools
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrant
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Technological landscape
3.5.2.3. Economic landscape
Chapter 4. Mobile ECG Devices Market: Modality Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. Pen
4.1.2. Band
4.1.3. Handheld
4.1.4. Others
4.2. Modality Market Share, 2022 & 2030
4.3. Segment Dashboard
4.4. Global Mobile ECG Devices Market by Modality Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.5.1. Pen
4.5.1.1. Pen market estimates and forecast 2018 to 2030 (USD Billion)
4.5.2. Band
4.5.2.1. Band market estimates and forecast 2018 to 2030 (USD Billion)
4.5.3. Handheld
4.5.3.1. Handheld market estimates and forecast 2018 to 2030 (USD Billion)
4.5.4. Others
4.5.4.1. Others market estimates and forecast 2018 to 2030 (USD Billion)
Chapter 5. Mobile ECG Devices Market: End-use Estimates & Trend Analysis
5.1. Definitions and Scope
5.1.1. Hospitals and diagnostic centers
5.1.2. Ambulatory care
5.1.3. Homecare
5.2. End-use Market Share, 2022 & 2030
5.3. Segment Dashboard
5.4. Global Mobile ECG Devices Market by End-use Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.5.1. Hospitals and diagnostic centers
5.5.1.1. Hospital and diagnostic centers market estimates and forecast 2018 to 2030 (USD Billion)
5.5.2. Ambulatory care
5.5.2.1. Ambulatory care market estimates and forecast 2018 to 2030 (USD Billion)
5.5.3. Homecare
5.5.3.1. Homecare market estimates and forecast 2018 to 2030 (USD Billion)
Chapter 6. Global Mobile ECG Devices Market: Regional Estimates & Trend Analysis
6.1. Regional market share analysis, 2022 & 2030
6.2. Regional Market Dashboard
6.3. Global Regional Market Snapshot
6.4. Regional Market Share and Leading Players, 2020
6.4.1. North America
6.4.2. Europe
6.4.3. Asia Pacific
6.4.4. Latin America
6.4.5. Middle East and Africa
6.5. SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
6.5.1. North America
6.5.2. Europe
6.5.3. Asia Pacific
6.5.4. Latin America
6.5.5. Middle East and Africa
6.6. Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 2030:
6.7. North America
6.7.1. North America Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.7.2. U.S.
6.7.2.1. U.S. Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.7.2.2. Key Country Dynamics
6.7.2.3. Competitive Scenario
6.7.2.4. Regulatory Framework
6.7.3. Canada
6.7.3.1. Canada Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.7.3.2. Key Country Dynamics
6.7.3.3. Competitive Scenario
6.7.3.4. Regulatory Framework
6.8. Europe
6.8.1. Europe Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.2. UK
6.8.2.1. UK Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.2.2. Key Country Dynamics
6.8.2.3. Competitive Scenario
6.8.2.4. Regulatory Framework
6.8.3. Germany
6.8.3.1. Germany Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.3.2. Key Country Dynamics
6.8.3.3. Competitive Scenario
6.8.3.4. Regulatory Framework
6.8.4. France
6.8.4.1. France Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.4.2. Key Country Dynamics
6.8.4.3. Competitive Scenario
6.8.4.4. Regulatory Framework
6.8.5. Italy
6.8.5.1. Italy Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.5.2. Key Country Dynamics
6.8.5.3. Competitive Scenario
6.8.5.4. Regulatory Framework
6.8.6. Spain
6.8.6.1. Spain Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.6.2. Key Country Dynamics
6.8.6.3. Competitive Scenario
6.8.6.4. Regulatory Framework
6.8.7. Sweden
6.8.7.1. Sweden Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.7.2. Key Country Dynamics
6.8.7.3. Competitive Scenario
6.8.7.4. Regulatory Framework
6.8.8. Norway
6.8.8.1. Norway Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.8.2. Key Country Dynamics
6.8.8.3. Competitive Scenario
6.8.8.4. Regulatory Framework
6.8.9. Denmark
6.8.9.1. Denmark Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.8.9.2. Key Country Dynamics
6.8.9.3. Competitive Scenario
6.8.9.4. Regulatory Framework
6.9. Asia Pacific
6.9.1. Asia Pacific Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.9.2. China
6.9.2.1. China Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.9.2.2. Key Country Dynamics
6.9.2.3. Competitive Scenario
6.9.2.4. Regulatory Framework
6.9.3. Japan
6.9.3.1. Japan Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.9.3.2. Key Country Dynamics
6.9.3.3. Competitive Scenario
6.9.3.4. Regulatory Framework
6.9.4. India
6.9.4.1. India Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.9.4.2. Key Country Dynamics
6.9.4.3. Competitive Scenario
6.9.4.4. Regulatory Framework
6.9.5. Australia
6.9.5.1. Australia Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.9.5.2. Key Country Dynamics
6.9.5.3. Competitive Scenario
6.9.5.4. Regulatory Framework
6.9.6. Thailand
6.9.6.1. Thailand Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.9.6.2. Key Country Dynamics
6.9.6.3. Competitive Scenario
6.9.6.4. Regulatory Framework
6.9.7. South Korea
6.9.7.1. South Korea Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.9.7.2. Key Country Dynamics
6.9.7.3. Competitive Scenario
6.9.7.4. Regulatory Framework
6.10. Latin America
6.10.1. Latin America Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.10.2. Brazil
6.10.2.1. Brazil Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.10.2.2. Key Country Dynamics
6.10.2.3. Competitive Scenario
6.10.2.4. Regulatory Framework
6.10.3. Mexico
6.10.3.1. Mexico Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.10.3.2. Key Country Dynamics
6.10.3.3. Competitive Scenario
6.10.3.4. Regulatory Framework
6.10.4. Argentina
6.10.4.1. Argentina Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.10.4.2. Key Country Dynamics
6.10.4.3. Competitive Scenario
6.10.4.4. Regulatory Framework
6.11. MEA
6.11.1. MEA Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.11.2. Saudi Arabia
6.11.2.1. Saudi Arabia Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.11.2.2. Key Country Dynamics
6.11.2.3. Competitive Scenario
6.11.2.4. Regulatory Framework
6.11.3. South Africa
6.11.3.1. South Africa Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.11.3.2. Key Country Dynamics
6.11.3.3. Competitive Scenario
6.11.3.4. Regulatory Framework
6.11.4. UAE
6.11.4.1. UAE Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.11.4.2. Key Country Dynamics
6.11.4.3. Competitive Scenario
6.11.4.4. Regulatory Framework
6.11.5. Kuwait
6.11.5.1. Kuwait Mobile ECG Devices Market estimates and forecast, 2018 - 2030 (Revenue, USD Billion)
6.11.5.2. Key Country Dynamics
6.11.5.3. Competitive Scenario
6.11.5.4. Regulatory Framework
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Manufacturers
7.2. Company Profiles (Manufacturers)
7.2.1. Nihon Kohden Corporation
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. GE Healthcare
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Medtronic
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. iRhythm Technologies, Inc.
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Koninklijke Philips N.V.
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Emay
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Dr Trust
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. Omron
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 List of Secondary Sources
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Mobile ECG Devices Market: market outlook
Fig. 9 Mobile ECG Devices Market competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook.
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Global Mobile ECG Devices Market driver impact
Fig. 15 Global Mobile ECG Devices Market restraint impact
Fig. 16 Global Mobile ECG Devices Market strategic initiatives analysis
Fig. 17 Global Mobile ECG Devices Market: modality movement analysis
Fig. 18 Global Mobile ECG Devices Market: modality outlook and key takeaways
Fig. 19 Pen market estimates and forecast, 2018-2030 (USD Billion)
Fig. 20 Band market estimates and forecast, 2018-2030 (USD Billion)
Fig. 21 Handheld market estimates and forecast, 2018-2030 (USD Billion)
Fig. 22 Others market estimates and forecast, 2018-2030 (USD Billion)
Fig. 23 Global Mobile ECG Devices Market: end-use movement analysis
Fig. 24 Global Mobile ECG Devices Market: end-use outlook and key takeaways
Fig. 25 Hospitals and diagnostic centers market estimates and forecast, 2018-2030 (USD Billion)
Fig. 26 Ambulatory care market estimates and forecast, 2018-2030 (USD Billion)
Fig. 27 Homecare market estimates and forecast, 2018-2030 (USD Billion)
Fig. 28 Global Mobile ECG Devices Market: regional movement analysis
Fig. 29 Global Mobile ECG Devices Market: regional outlook and key takeaways
Fig. 30 North America Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 31 U.S. Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 32 Canada Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 33 Europe. Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 34 UK Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 35 Germany Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 36 France Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 37 Italy Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 38 Spain Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 39 Sweden Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 40 Norway Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 41 Denmark Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 42 Asia Pacific Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 43 China Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 44 Japan Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 45 India Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 46 Australia Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 47 Thailand Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 48 South Korea Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 49 Latin America Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 50 Brazil Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 51 Mexico Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 52 Argentina Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 53 Middle East and Africa Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 54 Saudi Arabia Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 55 South Africa Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 56 UAE Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)
Fig. 57 Kuwait Mobile ECG Devices market estimates and forecast, 2018-2030 (USD Billion)

Companies Mentioned

  • Nihon Kohden Corporation
  • GE Healthcare
  • Medtronic
  • iRhythm Technologies, Inc.
  • Koninklijke Philips N.V.
  • Emay
  • Dr Trust
  • Omron

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 2.26 Billion
Forecasted Market Value ( USD ) by 2030 $ 5.42 Billion
Compound Annual Growth Rate11.7%
Regions CoveredGlobal
No. of Companies Mentioned8

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