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Wireless ECG Devices Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

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The “Wireless ECG Devices Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Wireless ECG Devices Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Wireless ECG Devices market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Wireless ECG Devices Market Are:

  • Aerotel Medical Systems Ltd
  • AliveCor Inc.
  • BPL Medical Technologies
  • Cardiocity Limited
  • CardioComm Solutions Inc.
  • GE Healthcare
  • iRhythm Technologies Inc.
  • MediBioSense Ltd
  • Medtronic
  • Nihon Kohden Corporation

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    Market Overview:

  • The major factors for the growth of the wireless ECG devices market include the growing geriatric population and increasing incidence of cardiovascular diseases, declining cost of wireless technologies, technological advancements in remote monitoring technologies, and policies favoring monitoring devices.
  • There is an increase in the incidence of cardiovascular diseases (CVD), wherein long-term ECG monitoring is necessary. With the introduction of wireless ECG, the doctors can monitor and diagnose the patient remotely and on time. Earlier, the high cost of wireless ECG was affecting the market studied. These devices were unable to reach the rural and remote areas, as the average price of ECG was high. However, currently, there are many cost-effective and efficient wireless ECG devices available. The availability of such devices has bolstered the adoption of wireless ECG.
  • The development of cost-effective wireless ECG began in 2006. It was implemented by digitizing the measured ECG signal and then, transmitting it wirelessly, to display the results on the computer screen. The analog-to-digital converter was based on the sigma-delta modulator and offered a significant advantage of noise-shaping property.
  • The wireless ECG cardiac monitors developed by a UK-based medical services startup, Isansys, help to manufacture low-cost continuous ECG heart monitoring devices. These devices can be used for the continuous monitoring of patients suffering from CVD and for the detection of heart-related problems. The usage of a Bluetooth evaluation kit in these wireless technologies was replaced by technologies, such as ZigBee and AM-FM Transmission, which make it cost-effective, thus, making it affordable to most of the population.
  • Thus, declining costs of wireless technologies are augmenting the growth of the market studied, as the equipment are now available to a more extensive section of the population.

    Scope of the Report:

  • As per the scope of this report, wireless electrocardiography (ECG) is a type of ECG with recording devices. It uses wireless technologies, such as Bluetooth, smartphone, and other types of remote monitoring devices. The wireless ECG devices market is segmented by product type, end user, and geography.

    Wireless ECG Devices Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Wireless ECG Devices market?
    • What are the key market trends impacting the growth of the global Wireless ECG Devices market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Wireless ECG Devices market?
    • What are the market opportunities and threats faced by the vendors in the global Wireless ECG Devices market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Wireless ECG Devices market?

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    Key Market Trends:

    The Monitoring ECG Systems Segment is Expected to be the Fastest Growing Segment During the Forecast Period

    The continuous cardiovascular monitoring ECG systems segment is expected to grow over the forecast period, due to the increasing incidence of cardiovascular diseases and a growing geriatric population, which is likely to increase the need for continuous cardiovascular monitoring of patients’ heart during their daily routines. According to the WHO factsheets in 2017, an estimated 17.7 million people died due to cardiovascular diseases in 2015, representing 31% of all global deaths. Of these deaths, an estimated 7.4 million were due to coronary heart disease and 6.7 million were due to stroke. Increasing awareness regarding early detection and management of cardiovascular diseases is augmenting the demand for continuous cardiovascular ECG monitoring devices. Continuous cardiovascular ECG monitoring systems are worn continuously by the patients. It continuously monitors and sends ECG readings to the user’s smartphone, using Bluetooth; from there, the data is sent over mobile networks to a server. Development of commercially advanced devices, with enabled Bluetooth sensor technology and mobile app technology, is anticipated to drive the popularity of continuous cardiovascular ECG monitoring systems.

    North America Accounted for the Largest Share in the Global Market

    North America holds a major share for the wireless ECG devices market and is expected to show a similar trend over the forecast period, without significant fluctuations. As reported in 2016, the healthcare spending in the United States was the highest, when compared to other countries in the Organization for Economic Co-operation and Development (OECD) list. According to the estimates of the American Heart Association, cardiovascular disease is listed as the underlying cause of death and accounts for nearly 836,546 deaths in the United States. Furthermore, as per the American Heart Association (AHA), an estimated 4 million patients are affected by arrhythmias, with half a million people dying every year in the United States. ECG has been in existence for a long time. However, there has been a continuous evolvement year on year, with the need to observe the patient for an extended period. With the launch of door-to-balloon (D2B) time initiative and “Mission: Lifeline” by the American College of Cardiology and AHA, the demand from hospitals for Bluetooth-equipped 12-lead ECG monitors and wireless solutions has increased. Owing to more hospitals striving to meet the national guidelines for ECG devices, technology advancements, the prevalence of heart diseases, high healthcare expenditure, and reimbursement, the US wireless ECG market is expected to grow. The United States holds the largest market share in the North American wireless ECG devices market, and it is expected to register high growth rate over the forecast period.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Wireless ECG Devices Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Wireless ECG Devices .

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    Report Objectives:

    • Analyzing the size of the Wireless ECG Devices market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Wireless ECG Devices market.
    • Determining the key dynamics of the Wireless ECG Devices market.
    • Highlighting significant trends of the Wireless ECG Devices market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Wireless ECG Devices market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Wireless ECG Devices market.

    Detailed TOC of Wireless ECG Devices Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Growing Geriatric Population and Increasing Incidence of Cardiovascular Diseases
    4.2.2 Declining Cost of Wireless Technologies
    4.2.3 Technological Advancements in Remote Monitoring Technologies
    4.3 Market Restraints
    4.3.1 Complex Reimbursement Policies Regarding Cardiovascular Diseases (CVD)
    4.3.2 Inaccuracies in Precision Reporting
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Monitoring ECG Systems
    5.1.1.1 Remote Data Monitoring
    5.1.1.2 Event Monitoring
    5.1.1.3 Continuous Cardiovascular Monitoring Systems
    5.1.2 Diagnostic ECG Systems
    5.1.2.1 Rest ECG Systems
    5.1.2.2 Stress ECG Systems
    5.1.2.3 Holter ECG Systems
    5.2 By End User
    5.2.1 Hospital
    5.2.2 Home-based User
    5.2.3 Other End Users
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Aerotel Medical Systems Ltd
    6.1.2 AliveCor Inc.
    6.1.3 BPL Medical Technologies
    6.1.4 Cardiocity Limited
    6.1.5 CardioComm Solutions Inc.
    6.1.6 GE Healthcare
    6.1.7 iRhythm Technologies Inc.
    6.1.8 MediBioSense Ltd
    6.1.9 Medtronic
    6.1.10 Nihon Kohden Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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