Global Market Size, Forecast, and Trend Highlights Over 2025-2037
ECG Event Recorder Market size is projected to witness lucrative growth rate during the forecast period i.e., between 2025-2037.
The growth of the market can be attributed to the growing prevalence of cardiovascular diseases. ECG or electrocardiogram is a device that can monitor the heart’s electrical activity. It is generally used to study the events that require long-term monitoring, especially amongst cardiac patients. The growing incidence of heart attacks and strokes, amongst other cardiac disorders, are estimated to boost the market growth. According to the data by the World Health Organization (WHO), cardiovascular disorders are responsible for 32% of all deaths worldwide. An estimated 17.9 million deaths are caused by CVDs.
Moreover, increasing adoption of technology in the healthcare sector, combined with the growing use of technical equipment are anticipated to boost the market growth. Furthermore, the increasing government investment in the healthcare sector to provide advanced healthcare facilities to the patients is further expected to propel the market growth. According to the data by the World Bank, USD 1,111.082 were spent per capita for healthcare globally, in 2018.
ECG Event Recorder Sector: Growth Drivers and Challenges
Growth Drivers
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Increasing Prevalence of Cardiovascular Diseases
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Growing Adoption of Advanced Technical Equipment in Healthcare Sector
Challenges
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High Cost of ECG Recorder
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Lack of Health Awareness amongst People in Underdeveloped Countries
ECG Event Recorder Segmentation
The market is divided by monitor type into loop memory monitor, and symptom event monitor out of which, the symptom event monitor segment is anticipated to hold the notable share in the global ECG event recorder market over the forecast period. This can be attributed to the efficacy of symptom event monitor in predicting and avoiding any life threatening situation, such as, heart attack. Symptom event monitor specifically monitors the change in heart activity to predict symptoms of any unnatural event, which is helpful in early treatment of the patient.
Our in-depth analysis of the global ECG event recorder market includes the following segments:
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By Type |
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By Monitor Type |
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By End-User
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Customize this ReportECG Event Recorder Industry - Regional Synopsis
On the basis of geographical analysis, the global ECG event recorder market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is set to dominate majority revenue share by 2037, propelled by increasing prevalence of heart-related disorders in the region. According to the data by the Center for Disease Control and Prevention (CDC), almost 659,000 people die due to heart disease every year in the United States.
Companies Dominating the ECG Event Recorder Landscape
- Eli Lilly and Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Akili Interactive Labs, Inc.
- Koninklijke Philips N.V.
- WellDoc, Inc.
- Noom, Inc.
- Pear Therapeutics, Inc.
- Teladoc Health, Inc.
- Click Therapeutics, Inc.
- Ayogo Health Inc.
- Mindstrong Health
In the News
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September, 2021: ViiV Healthcare, collectively owned by GlaxoSmithKline plc, Pfizer Inc. and Shionogi announced approval of the U.S. Food and Drug Administration (FDA) for cabotegravir as an antiviral drug.
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February, 2021: Koninklijke Philips N.V. announced the acquisition of BioTelemetry, Inc., a leading provider of remote cardiac diagnostics and monitoring, to support cardiac surgeries and treatments.
Author Credits: Radhika Pawar
- Report ID: 3801
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
