(MENAFN- Ameliorate Digital Consultancy)
Worldwide sales of ECG telemetry devices are valued at US$ 2.65 billion in 2023. The global electrocardiography (ECG) telemetry devices market is forecasted to expand rapidly at a CAGR of 8% and reach a market valuation of US$ 5.72 billion by 2033. The ECG telemetry devices market refers to the market for medical devices that are used to monitor and record a patient's electrocardiogram (ECG) remotely. ECG telemetry devices are wireless and portable, and they allow healthcare professionals to monitor a patient's heart activity in real-time from a remote location
The market for ECG telemetry devices has been growing rapidly in recent years, driven by factors such as the increasing prevalence of cardiovascular diseases, the growing demand for remote patient monitoring solutions, and the technological advancements in wireless communication and sensor technologies
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The market for ECG telemetry devices is expected to continue to grow in the coming years, as healthcare providers increasingly adopt remote patient monitoring solutions and as technological advancements in wireless communication and sensor technologies continue to improve the performance and usability of ECG telemetry devices
Key Takeaways from Market Study
Global demand for ECG telemetry devices is expected to increase at a CAGR of 8% from 2023 to 2033. Sales of resting ECG devices are expected to rise at a CAGR of 9% during the forecast period. Demand for stress ECG devices is predicted to expand at a CAGR of 7% during the next 10 years. China's market for ECG telemetry devices is predicted to expand at a CAGR of 12% during the projected period.
Future Scope of ECG Telemetry Devices
The future scope of the ECG telemetry devices market looks promising, driven by factors such as the increasing prevalence of cardiovascular diseases, the growing demand for remote patient monitoring solutions, and the technological advancements in wireless communication and sensor technologies. The market is expected to witness significant growth in the coming years due to the rising adoption of remote patient monitoring solutions and the increasing use of wearable devices for healthcare applications. Moreover, the integration of AI and machine learning technologies with ECG telemetry devices is expected to open up new opportunities in the market, allowing for more accurate and efficient diagnosis of cardiovascular diseases. The emergence of telemedicine and virtual care is also expected to drive the growth of the ECG telemetry devices market in the future, as these technologies allow for remote monitoring and diagnosis of patients, improving patient outcomes and reducing healthcare costs.
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Competitive Landscape
More small- and mid-sized businesses are anticipated to enter the market in the coming years as a result of the growing emphasis on advanced product creation and the expanding use of technologies in healthcare.
The most portable and slimline personal ECG device“KardiaMobile Card” in the United States was introduced by AliveCor in February 2022. It is the only personal ECG that is portable enough to fit in a wallet and provides real-time heart health information whenever and wherever you need it
Key Companies Profiled
Aerotel Medical Systems (1998) Ltd. Cardiac Science Corporation GE Healthcare; Medtronic, Inc. Nihon Kohden Corporation Philips Healthcare Schaeffler AG (Schaeffler Group) Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Siemens Healthineers Welch Allyn, Inc.
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Key Questions Covered
What is the current size and growth rate of the ECG telemetry devices market? What are the key drivers, restraints, and opportunities in the ECG telemetry devices market? Which are the major players operating in the ECG telemetry devices market, and what are their strategies to sustain their position in the market? Which type of ECG telemetry devices are witnessing the highest demand, and why? What are the different applications of ECG telemetry devices, and which application is expected to witness the highest growth rate in the future? Contact:
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