Mobile Heart Monitoring Devices Market
is expected to grow at a significant CAGR in the upcoming period as the scope
and its applications are rising enormously across the globe. Mobile heart
monitoring devices is a wearable device that automatically records, detects,
and transmits abnormal heart rhythms for up to 30 days.
The factors that are playing a major role in the growth of
mobile heart monitoring devices industry are the growing number of people
suffering from atrial fibrillation, technological enhancement in mobile
healthcare devices, the growth in the occurrence of cardiovascular diseases,
and the rise in smartphone users. However, the presence of alternatives and the
high cost of mobiles like iPhone and Samsung may restrain the overall market in
the years to come. Mobile heart monitoring device market is segmented based on
type, product type, application, and region.
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Global Mobile Heart
Monitoring Devices market competition by top manufacturers, with production,
price, revenue (value) and market share for each manufacturer; the top players
including
• St. Jude
• Medtronic
• Koninklijke Philips
• LivaNova
• AliveCor
• LifeWatch
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Heart Rate Monitors
• ECG Monitors
• Activity Monitors
• Blood Pressure Monitors
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Mobile Heart Monitoring Devices for each application, including
• Hospitals
• Home Care Settings
• Clinics
• Others
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Bluetooth enabled, chargeable, and non-chargeable are the
types that could be explored in mobile heart monitoring devices industry in the
forecast period. Optical technology-based, electric pulse-based, and other
product types could be explored in mobile heart monitoring devices market in
the forecast period. The optical technology-based devices comprise earphones,
smartwatches, and others.
The market could be categorized based on the end-users like
academic institutes, hospitals, retail pharmacies, home care settings, clinics,
and others that could be explored in the forecast period. The hospital sector
may account for the significant share of mobile heart monitoring devices
industry and is estimated to lead the overall market in the years to come. The
reason could be the rising use of enhanced technology and the rise in chronic
cardiac diseases.
Globally, North America accounted for the significant share
of mobile heart monitoring device market and is estimated to lead the overall
market in the years to come. The reason behind the overall market growth could
be the rising healthcare expenditure and the presence of key manufacturers in
the region. The United States is a major consumer of mobile heart monitoring
devices in this region.
Europe and the Asia Pacific are also estimated to have a
positive influence on future growth. Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at the
highest CAGR in the forecast period. The developing countries like India and
China are the major consumers of mobile heart monitoring devices in this
region.
The key players of mobile heart monitoring device industry
are Garmin Ltd., Medtronic, Koninklijke Philips N.V., Kinetec Products UK Ltd.,
SUUNTO, Beurer GmbH, Polar Electro, Medisana AG, and Briggs Healthcare. These
players are concentrating on inorganic growth to sustain themselves amidst
fierce competition.
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