The Global Wearable ECG Monitors Market Report by The Business Research Company covers wearable ECG monitors market drivers and restraints, wearable ECG monitors market size, major players, and the impact of COVID-19 on the wearable ECG monitors market.
The wearable ECG monitor market consists of sales of ECG monitors embedded with optical sensors and designed to be affixed to a limb of human (patient) body to monitor physiological information anytime and anywhere. The market consists of revenues generated by establishments that are primarily engaged in the manufacturing of diagnostic wearable ECG monitors. An ECG records the tiny electrical signals that are generated by the beating of patient’s heart. An ECG provides data on the heart rate, the rhythm, the state of the conduction system and muscle tissue (heart attacks), and even the level of certain chemicals like potassium in the blood, and the effect of medication.
With the increasing incidence of cardiovascular diseases (CVD), there has been a growing interest in developing wearable devices that can continuously monitor cardiac activity.
The global wearable ECG monitors market is expected grow from $1.54 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.14 billion in 2025 at a CAGR of 7%.
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Some wearable ECG monitors market trends include prolonged ambulatory rhythm monitoring as it 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 term 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.
Global wearable ECG monitors market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Wearable ECG Monitors Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides wearable ECG monitors market overviews, analyzes and forecasts market size, share, wearable ECG monitors market players, wearable ECG monitors market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The wearable ECG monitors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Wearable ECG Monitors Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Apple, GE Healthcare, Withings, Samsung, QardioCore, AliveCor, Fitbit, Welch Allyn, Philips Healthcare, CardioNet, Garmin, Visiomed Group, Omron Healthcare, iRhythm Technologies, Schiller.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Wearable ECG Monitors Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Wearable ECG Monitors Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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