Mobile Heart Monitoring Market was valued at US$ 2.14 Bn. in 2022 and is expected to reach US$ 4.99 Bn. during forecast period and the market size is expected to grow at a CAGR of 12.83 % through the forecast period.
Mobile Heart Monitoring Market Overview:Heart rate (HR) and arrhythmias are increasingly being diagnosed, screened for, and monitored via mobile apps capable of measuring HR and arrhythmias (atrial fibrillation). Handheld external electrocardiographic recording or photoplethysm ographic recording expedient attached to the wristband or mobile phone are both used in mobile heart monitoring apps. The report explores the Global Mobile Heart Monitoring Market's segments (Product, End User and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Global Mobile Heart Monitoring Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Mobile Heart Monitoring Market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Impact of Covid-19 on Global Mobile Hear Monitoring Market:As a result of the COVID outbreak, more patients with cardiovascular problems are opting for remote monitoring. This change was made in order to limit the risk of infection as a result of frequent hospital and clinic visits. Several firms have introduced services for remote cardiac patient monitoring. Octagos Health, for example, has released a remote monitoring software platform that allows cardiologists and cardiac electrophysiologists to track all of their patients' implantable cardiac device data in real time. Several start-ups have also released products that can be used to monitor CVD patients. AliveCor, iRhythm, and medical device behemoths like Medtronic, for example, are all actively involved in developing heart monitoring EKG equipment for cardiac patients to use at home. The demand for remote monitoring and patient engagement solutions has risen dramatically as a result of the pandemic. Manufacturers are increasingly focusing on expanding production to meet the rising demand for respiratory monitoring devices, hemodynamic/pressure monitoring devices, blood glucose monitoring devices, temperature monitoring devices, multi-parameter monitoring devices, cardiac monitoring devices, and fetal/neonatal monitoring devices as a result of COVID-19. Demand for respiratory monitors, multi-parameter monitoring solutions, and point-of-care cardiac monitoring equipment like pulse oximeters and blood pressure monitors surged in the first quarter of 2020. Other commodities and services that aren't critical to COVID-19 response actions, on the other hand, have witnessed lower demand and longer procurement times. COVID-19 has also increased public awareness of fitness, resulting in an increase in demand for fitness-related products.
Mobile Heart Monitoring Market Dynamics:Drivers: • Increasing awareness about fitness, lifestyle and home healthcare: The market's growth rate would be slowed by increased awareness of fitness, lifestyle, and home healthcare because of the growing geriatric population, the rising prevalence of chronic diseases, and the availability of advanced medical devices (including wearable medical devices) that enable the delivery of high-quality care outside of hospitals, the home healthcare market has grown significantly in recent years. • Rising prevalence of cardiovascular disease: Cardiovascular disease (CVD) is the leading cause of death worldwide. Pre-monitoring and pre-diagnosis can prevent the majority of CVDs. Arrhythmias, which are abnormalities in the heart's function, can also be avoided with early detection. As a result, demand for CM and CRM devices is rising, as these devices can assist save patients who are at high risk of cardiac arrest. Restraints: • Unfavorable standards and regulations: Unfavorable norms and restrictions will stifle the market's rate of expansion. National authorities play a crucial role in determining remuneration for mobile healthcare. Medical treatment is defined by national rules in numerous EU member states in terms of the physical presence of the patient and doctor, which has an impact on reimbursements for mobile and remote healthcare solutions. Wearables adoption in the healthcare area is slowed by such laws. • Risk of associated cybersecurity vulnerabilities: Patients and healthcare practitioners are concerned about cybersecurity vulnerabilities in medical devices, particularly those such as CIEDs, which have the ability to be reprogrammed or rendered nonfunctional.
Mobile Heart Monitoring Market Segment Analysis:Based on Product, the ECG devices segment accounted for the largest share of the cardiac monitoring devices market. Technological advancements such as the incorporation of advanced algorithms and workflow improvement features, such as simplified operations, touchscreen systems, portability, wireless features, and better connectivity with cardiovascular information systems (CVIS), electronic medical records (EMRs), and ECG management systems, are responsible for the large share of this segment.Based on the End User, Hospitals accounted for the largest share of the cardiac monitoring & cardiac rhythm management devices market in 2022. Factors such as the rising prevalence of CVD, the rising number of patient visits to hospitals for diagnosis, the rising number of cardiac implant surgeries, and the availability of reimbursement for these treatments across developed markets are all contributing to this segment's big share.
Mobile Heart Monitoring Market Regional Insights:The North America region dominated the market with xx % share in 2022. The Asia Pacific region is expected to witness significant growth at a CAGR of xx% through the forecast period. The rising incidence of CVD, rising healthcare expenditure, rising disposable income, rising healthcare awareness, and the availability of technologically advanced gadgets in the region all contribute to this market segment's substantial share. The Asia-Pacific area is predicted to develop during the projection period, owing to rising heart disease incidences and a growing population. The objective of the report is to present a comprehensive analysis of the Global Mobile Heart Monitoring Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Mobile Heart Monitoring Market dynamic, structure by analyzing the market segments and projecting the Mobile Heart Monitoring Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Mobile Heart Monitoring Market make the report investor’s guide.
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Global Mobile Heart Monitoring Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 2.14 Bn. Forecast Period 2023 to 2029 CAGR: 12.83% Market Size in 2029: US $ 4.99 Bn. Segments Covered: by Product • Heart Rate Monitors • ECG Monitors • Activity Monitors by End User • Hospitals • Clinics • Home Care Settings • Ambulatory Care Centers
Mobile Heart Monitoring Market, by Region• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)
Mobile Heart Monitoring Market, Key Players are:• Fitbit, Inc. • Medtronic • NeuroMetrix, Inc. • Samsung Electronics Co. Ltd. • LifeWatch AG • Qardio, Inc. • Omron Healthcare, Inc. • Philips Healthcare • Apple Inc. • General Electric • Omron Healthcare, Inc • LivaNova • AliveCor • Garmin Ltd., • Koninklijke Philips N.V. • Kinetec Products UK Ltd. • SUUNTO • Beurer GmbH • Polar Electro • Medisana AG Frequently Asked Questions: 1] What segments are covered in the Global Mobile Heart Monitoring Market report? Ans. The segments covered in the Global Mobile Heart Monitoring Market report are based on Type and Application. 2] Which region is expected to hold the highest share in the Global Mobile Heart Monitoring Market? Ans. North America region is expected to hold the highest share in the Global Mobile Heart Monitoring Market. 3] What is the market size of the Global Mobile Heart Monitoring Market by 2029? Ans. The market size of the Global Mobile Heart Monitoring Market by 2029 is expected to reach US$ 4.99 Bn. 4] What is the forecast period for the Global Mobile Heart Monitoring Market? Ans. The forecast period for the Global Mobile Heart Monitoring Market is 2023-2029. 5] What was the market size of the Global Mobile Heart Monitoring Market in 2022? Ans. The market size of the Global Mobile Heart Monitoring Market in 2022 was valued at US$ 2.14 Bn.
1. Mobile Heart Monitoring Market: Research Methodology 2. Mobile Heart Monitoring Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Mobile Heart Monitoring Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Mobile Heart Monitoring Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Mobile Heart Monitoring Market Segmentation 4.1 Mobile Heart Monitoring Market, By Product (2023-2029) • Heart Rate Monitors • ECG Monitors • Activity Monitors 4.2 Mobile Heart Monitoring Market, By End User (2023-2029) • Hospitals • Clinics • Home Care Settings • Ambulatory Care Centers 5. North America Mobile Heart Monitoring Market (2023-2029) 5.1 North America Mobile Heart Monitoring Market, By Product (2023-2029) • Heart Rate Monitors • ECG Monitors • Activity Monitors 5.2 North America Mobile Heart Monitoring Market, By End User (2023-2029) • Hospitals • Clinics • Home Care Settings • Ambulatory Care Centers 5.3 North America Mobile Heart Monitoring Market, by Country (2023-2029) • United States • Canada • Mexico 6. Asia Pacific Mobile Heart Monitoring Market (2023-2029) 6.1. Asia Pacific Mobile Heart Monitoring Market, By Product (2023-2029) 6.2. Asia Pacific Mobile Heart Monitoring Market, By End User (2023-2029) 6.3. Asia Pacific Mobile Heart Monitoring Market, by Country (2023-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Mobile Heart Monitoring Market (2023-2029) 7.1 Middle East and Africa Mobile Heart Monitoring Market, By Product (2023-2029) 7.2. Middle East and Africa Mobile Heart Monitoring Market, By End User (2023-2029) 7.3. Middle East and Africa Mobile Heart Monitoring Market, by Country (2023-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Mobile Heart Monitoring Market (2023-2029) 8.1. Latin America Mobile Heart Monitoring Market, By Product (2023-2029) 8.2. Latin America Mobile Heart Monitoring Market, By End User (2023-2029) 8.3. Latin America Mobile Heart Monitoring Market, by Country (2023-2029) • Brazil • Argentina • Rest of Latin America 9. European Mobile Heart Monitoring Market (2023-2029) 9.1. European Mobile Heart Monitoring Market, By Product (2023-2029) 9.2. European Mobile Heart Monitoring Market, By End User (2023-2029) 9.3. European Mobile Heart Monitoring Market, by Country (2023-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. Fitbit, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Medtronic 10.3 NeuroMetrix, Inc. 10.4 Samsung Electronics Co. Ltd. 10.5 LifeWatch AG 10.6 Qardio, Inc. 10.7 Omron Healthcare, Inc. 10.8 Philips Healthcare 10.9 Apple Inc. 10.10 General Electric 10.11 Omron Healthcare, Inc 10.12 LivaNova 10.13 AliveCor 10.14 Garmin Ltd., 10.15 Koninklijke Philips N.V. 10.16 Kinetec Products UK Ltd. 10.17 SUUNTO 10.18 Beurer GmbH 10.19 Polar Electro 10.20 Medisana AG