Wearable ECG Sensor Market

Wearable ECG Sensor: Introduction

• Wearable electrocardiogram (ECG) sensors offer an alternative tool for long-term rhythm monitoring, with the potential for increased sensitivity to detect intermittent or subclinical arrhythmia.
• Wearable sensors collect physiological and movement data, allowing patients' status to be monitored. Use of sensors is based on the clinical application of interest.
• Sensors record electrical signals created from the heart. A computer stores the data and displays it like waves on a screen or on paper. Furthermore, recent advancements in wearable technologies have paved the way for continuous monitoring of the electrocardiogram (ECG) signal without the use of laboratory settings.
• Recent trends in electrocardiogram (ECG) device innovation are focused toward wireless body sensors applied for patient monitoring, which is expected to drive the wearable ECG sensor market. Furthermore, increasing deployment of advanced technologies in medical devices boosts market growth.
• Technological innovations in electronics, sensor materials and physiological data-processing tools, and wireless communications in the last few years have enabled ubiquitous computing for healthcare applications.

Rising Demand from Cardiac Clinics Driving Market

• Based on end users, the cardiac clinics segment is projected to expand at a rapid pace during the forecast period due to an increase in instances of heart disorder and easy of availability of clinics. According to the World Health Organization, cardiovascular diseases (CVDs) are the leading cause of death worldwide, resulting in the deaths of 17.9 million people each year and accounting for 32% of all deaths worldwide. Heart attacks and strokes account for more than four out of every five CVD deaths, and one-third of these deaths occur in people under the age of 70.
• Cardiac clinics also offer a variety of beneficial services to patients, including higher quality of care and outcomes, earlier identification of illness, and lower costs than other service providers
• Some of the market participants provide ECG sensor in the market. For instance, VivaLNK, Inc. provides virtual patient care and decentralized clinical trials through digital healthcare solutions. The company offers a wearable ECG sensor for in-clinic and remote patient monitoring applications, as well as a multi-function cardiac patch that can live stream multiple parameters to a mobile device or the cloud. This sensor is used in a variety of studies, including those involving AF detection, coronary artery disease, stress and depression.

North America to Lead Global Wearable ECG Sensor Market

• In terms of region, the global wearable ECG sensor market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is expected to hold largest market share of the wearable ECG sensor market during the forecast period due to adoption of advanced technologies in the healthcare sector and highest healthcare spending.
• Presence of prominent players in this region such as General Electric Company, Koninklijke Philips N.V., Texas Instruments Incorporated, and VivaLNK, Inc. has fueled the wearable ECG sensor market in North America
• Increasing cases of cardiovascular diseases in the U.S. is one of the major factors boosting the market in the region. According to the Centers for Diseases Control and Prevention (CDC), heart disease is one of the major causes of death for men, women, and people of most racial and ethnic groups in the U.S. In the U.S., one person dies every 36 seconds from cardiovascular disease. Approximately 659,000 people in the U.S. die from heart disease, annually, that’s 1 in every 4 deaths.
• The wearable ECG sensor market in Asia Pacific and Europe is expected to expand at a considerable pace during the forecast period due to a rise in the demand for wearable ECG sensors from countries in Western Europe. The Middle East & Africa and South America wearable ECG sensor market is anticipated to grow at a sluggish pace during the forecast period.

Key Players Operating in Global Wearable ECG Sensor Market

The key players operating in the global wearable ECG sensor market are engaged in developing technologically advanced products that meet the rising demand of wearable ECG sensors. Furthermore, several manufacturers are taking necessary steps to develop innovative products by mergers and acquisitions.

Key players operating in the global wearable ECG sensor market are:

• VivaLNK, Inc.
• Texas Instruments Incorporated
• Shimmer 
• Bionet
• NeuroSky 
• Microchip Technology Inc.
• Movesense
• General Electric Company
• iMotions A/S
• Koninklijke Philips N.V.

Global Wearable ECG Sensor Market: Research Scope

Global Wearable ECG Sensor Market, by Offering

• Hardware
• Software
• Services

Global Wearable ECG Sensor Market, by Connectivity

• Blutooth
• Wifi

Global Wearable ECG Sensor Market, by Application

• Hospital
• Cardiac Clinics
• Specialty Center
• Others

Global Wearable ECG Sensor Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa