Wearable ECG Devices Global Market Report 2022: Sector to Reach $35.45 Billion by 2027 at a 19.3% CAGR

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Jan 20, 2023, 05:50 ET

DUBLIN, Jan. 20, 2023 /PRNewswire/ -- The "Wearable ECG Devices Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global wearable ECG devices market is expected to grow at a CAGR of approximately 19.32% from 2021 to 2027

MARKET TRENDS & DRIVERS
Increasing Usage of Advanced Sensors & Artificial Intelligence in Wearable ECG Devices

a) Artificial intelligence (AI) and wearable sensors are two rapidly evolving healthcare technologies poised to transform cardiac care. Together, these technologies enable high-quality electrocardiogram (ECG) acquisition and automatic signal interpretation with cardiologist-level accuracy. Various arrhythmias, such as atrial fibrillation (AF), are detectable, and their diagnosis has important therapeutic implications and may improve patient outcomes.

b) Mobile ECG sensors are integrated into wearable devices like smartwatches (Apple Watch, AliveCor Kardia), patches (iRhythm Zio), bands (Fitbit Sense), necklaces (toSense CoVa), clothing, rings, and other wearable forms. Key considerations for device selection include electrode type and configuration, storage capacity, power consumption, battery life, signal processing electronics, and wireless communication capabilities. Most mobile RM devices use a 1-lead ECG configuration for ease of use, but six or more lead configurations (such as the AliveCor KardiaMobile 6L) are also available. The emergence of advanced sensors, AI, ML, and DL in wearable ECG is boosting the wearable ECG devices market.

The Emergence Of Smartwatches Equipped With ECG

a) One of the biggest health features in smartwatches today is the ECG feature. EKG stands for Electrocardiogram and is sometimes abbreviated as EKG. A medical procedure that measures heart activity to check for abnormalities. An electrocardiogram taken in a hospital would require a more detailed reading. Still, the advantage of equipping smartwatches with similar hardware is that the owner can take an electrocardiogram at any time and provide that data to the doctor. The Apple Watch (Series 4, 5, and 6) features an FDA-cleared ECG app that captures 30-second electrocardiogram segments and then analyzes normal rhythm and AF using the user's smartphone.

b) Similarly, the Fitbit Sense is another smartwatch-type device with FDA clearance for AF detection. The Samsung Galaxy Watch3 and Galaxy Watch Active2 also include an FDA-cleared ECG monitoring function that includes screening for AF. With the help of built-in connectivity technologies and apps, smartwatches frequently combine ECG data with monitoring other physiologic indicators. They also feature streamlined data storage and transmission capabilities. Such integration of ECG with smartwatches contributes to the growth of the wearable ECG devices market.

The Paradigm Shift from Conventional ECG Towards Ambulatory ECG

a) Ambulatory monitors enable a new paradigm in healthcare by collecting and analyzing long-term data for a reliable diagnosis. These devices are becoming increasingly popular for continuous cardiac monitoring. Advances in hardware and software have created new devices that are convenient and affordable. This allows vulnerable people to be monitored from the comfort of their own homes while providing critical alerts about events requiring urgent medical attention or hospitalization. The essential advantage of wearable ECG devices is that one can continue daily activities while the heart is being monitored.

b) Wearable ambulatory monitoring devices, including Holter monitors, are mainly embedded with electrocardiogram sensors for monitoring irregular heartbeats. It is challenging for the HCPs to detect arrhythmic disorders with conventional ECG due to their characteristic of intermittent short episodes. Holter monitors can overcome the challenge faced by conventional ECG devices of low successful diagnosis outcomes. Owing to the benefits of ambulatory monitoring, wearable ECG devices market players are significantly focusing on developing user-friendly, safe & accurate ambulatory ECG devices. For instance, introducing the latest-generation patch-based Holter monitors can be worn up to a few weeks instead of 24/48 hours while offering the greatest patient comfort.

Segmentation By Product

Smartwatch-Based ECG
Mobile Cardiac Telemetry
Holter Monitoring
Cardiac Event Monitoring

Segmentation By Frequency

Episodic & Adhoc
Continuous

By Geography

APAC
China
India
Japan
South Korea
Australia
Europe
Germany
Italy
Spain
France
UK
North America
US
Canada
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Turkey
South Africa
South Arabia

ECG-Based Smartwatches: Key Company Profiles

Apple
Alphabet
Samsung Electronics
Withings

Other Wearable ECG Devices: Key Company Profiles

Boston Scientific
GE Healthcare
iRhythm Technologies
Hill-Rom
Koninklijke Philips
OSI Systems

Other Prominent Vendors

BPL Medical Technologies
Bardy Diagnostics
Bittium
CardiacSense
Cortrium
FUKUDA DENSHI
Masimo
Medicalgorithmics
Advanced Instrumentations
AMEDTEC MEDIZINTECHNIK AUE
ASPEL
Hangzhou Beneware Medical Equipment
Biotricity
Borsam Biomedical Instruments
BTL
Contec Medical System
Custo Med
Oy Diagnostic Devices Development - DDD
DMS-Service
EB-Neuro
Edan Instruments
Forest Medical
Holter Supplies
Labtech
LPU Medical
LIVEWELL
Lumed
medical ECONET
Medicomp
Meditech KFT
Meditech Equipment
Midmark
Monitor
Nasan Medical Electronics
Nasiff Associates
Neurosoft
Norav Medical
Northeast Monitoring
Recorders & Medicare Systems
Scottcare Cardiovascular Solutions
Schiller
Shenzhen Biocare Bio-Medical Equipment
Suzuken Company
Trimpeks
UPOLife
VivaLNK

KEY QUESTIONS ANSWERED

1. How big is the wearable ECG devices market?
2. What is the growth rate of the global wearable ECG devices market?
3. Which region holds the most prominent global wearable ECG devices market share?
4. Who are the global wearable ECG devices market's key players?
5. What are the growth opportunities in the wearable ECG devices market?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

8 Premium Insights

9 Market Opportunities & Trends

10 Market Growth Enablers

11 Market Growth Restraints

12 Market Landscape

13 Product

14 Frequency

15 Geography

16 North America

17 Europe

18 APAC

19 Latin America

20 Middle East & Africa

21 Competitive Landscape

22 ECG-Based Smartwatches: Key Company Profiles

23 Other Wearable ECG Devices: Key Company Profiles

24 Other Prominent Vendors

25 Report Summary

26 Quantitative Summary

27 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/9q7ofu

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