Asia Pacific Mobile ECG Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Monitoring ECG Systems and Diagnostic ECG Systems), Modality (Handheld, Pen, Band, and Others), and End User (Personal Users, Hospitals and Clinics, and Ambulatory Services)
Market Introduction
ECG devices monitors and record electrical activity of the heart and the device detects and picks up electrical impulses generated by the polarization and depolarization of cardiac tissue and translate them into waveform. A mobile ECG monitoring device is the complete diagnostic solution for diagnosis of arrhythmia and provides full disclosure ECG signal, data, analysis, reporting, and allows monitoring of heart at anyplace at any time, such as, home. It consists of two divisions, including, the analog signal receiver that reads, amplifies and convert the signal to digital form and the other part is a wireless transmitter that sends the data to storage devices so that it can be analyzed by physicians and medical personnel. It connect with Wi-Fi, Bluetooth, or the internet to mobiles, tablets, among others.
Get more information on this report : 
Market Overview and Dynamics
The Asia Pacific mobile ECG devices market is expected to reach US$ 495.57 million by 2028 from US$ 344.73 million in 2021; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The market growth is attributed to technological advancements in portable and handheld ECG devices, rise in the incidence of cardiovascular diseases, increase in geriatric population, and favorable government regulations regarding monitoring devices. However, aspects such as unfavorable reimbursement policies and market saturation restrict the mobile ECG devices market growth in Asia Pacific.
Major players in the mobile ECG devices market focus on expanding their product reach in emerging markets through the diversification of their distribution networks and the enhancement of manufacturing capabilities. Emerging markets in India and China hold significant growth potential for medical device manufacturers due to the presence of large patient pool, high prevalence of cardiac diseases, and improvements in healthcare infrastructure in these countries. Asia Pacific is one of the business-friendly hubs due to the existence of relatively less stringent regulations and data requirements. Moreover, as the US and European markets have reached maturity, most players are shifting their focus to developing regions. The increasing incidences of heart-related problems in developed countries due to a transition in people’s lifestyle and rise in CVD-related health conditions due to the introduction of modernized facilities trigger the demand for mobile ECG products for diagnostics and monitoring. Developing countries are also focused on bringing advancements in their healthcare infrastructure and services. For instance, the growing application of smartphone technology—due to decreasing costs and increased ease-of-use along with advancements in sensing technologies—is facilitating a shift from traditional clinic-based healthcare to real-time monitoring. This improves the quality of care and helps in the timely detection of problems. According to a report “Mobile Self-Monitoring ECG Devices to Diagnose Arrhythmia” published in 2019, using mobile ECG devices to detect and diagnose arrhythmia and atrial ?brillation can reduce the risk of mortality, morbidity, and associated health implications such as stroke. Evans et al. also reported potential opportunities for mobile ECG devices in low- and middle-income countries, and developing regions. The increasing use of wearable devices, rise in aging populations, and need to provide cost-e?ective primary care are the factors boosting the adoption of mobile ECG monitoring devices in Asia-Pacific.
The COVID-19 outbreak has affected the performances of manufacturers of medical equipment and accessories due to the shortage of healthcare infrastructure in low-income Asia-Pacific countries. According to the WHO, due to the uncertainties associated with COVID-19 and alterations in outbreak trends, any additional health disorders are likely to interfere with international travel and trade significantly. Countries such as Japan and Australia are conducting virtual international conferences to anticipate the impact of COVID-19 on the medical device industry in the region. The pandemic has created a seismic shift in living habits in the region. It has also led to disruptions in supply chains, losses in revenue, disturbances in marketing and sales activities, thereby hampering the performance of the ECG devices market. Further, production units and other public places also faced health concerns. On the other hand, unlike North America and Europe, Asian countries did not impose second lockdown. Hence, the businesses in the countries are slowly recovering by including the usage of portable home diagnostic devices, including electrocardiogram (ECG) devices by family physicians and patients for early and accurate diagnosis and adjusting of urban areas to a changing market.
Key Market Segments
The Asia Pacific mobile ECG devices market, based on type, has been segmented into monitoring ECG systems and diagnostic ECG systems. The monitoring ECG systems segment held a larger share of the market in 2021. Moreover, the monitoring ECG systems segment is anticipated to register a higher CAGR in the market during the forecast period due to product innovation, and incumbent usage and high-volume consumption of these products.
The Asia Pacific mobile ECG devices market, based on application, is segmented into handheld, band, pen, and others. In 2021, the handheld segment held the largest share of the market. Moreover, the segment is also expected register the fastest CAGR in the market during 2021–2028.
The Asia Pacific mobile ECG devices market, based on end user, is segmented into personal users, hospitals and clinics, and ambulatory services. In 2021, the personal users segment accounted for the largest share of the market. Moreover, the segment is expected to witness the highest CAGR in the market during 2021–2028.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the Asia Pacific mobile ECG devices market are the China National Committee on Aging (CNCA), World Health Organization (WHO), and National Statistical Office (NSO).
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of Asia Pacific mobile ECG devices market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
- Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels driving the Asia Pacific mobile ECG devices market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Asia Pacific mobile ECG devices market.
ASIA PACIFIC MOBILE ECG DEVICES MARKET SEGMENTATION
- Monitoring ECG Systems
- Diagnostics ECG Systems
By Modality
By End Use
By Country
• MD Biomedical Inc.
• THOR
• Koninklijke Philips N.V.
• Bittium Biosignals LTD. (Subsidiary of Bittium Corporation)
• Medtronic
• AliveCor, Inc
• Nihon Kohden Corporation
Company Profiles
- THOR
- Koninklijke Philips N.V.
- Bittium Biosignals LTD. (Subsidiary of Bittium Corporation)
- Medtronic
- AliveCor, Inc
- Nihon Kohden Corporation
- EB Neuro S.P.A
- Cardiocity Limited
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Mobile ECG Devices Market – By Modality
1.3.2 Asia Pacific Mobile ECG Devices Market – By Type
1.3.3 Asia Pacific Mobile ECG Devices Market – By End User
1.3.4 Asia Pacific Mobile ECG Devices Market – By Country
2. Mobile ECG Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Mobile ECG Devices – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific – PEST Analysis
4.3 Experts Opinion
5. Mobile ECG Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Geriatric Population
5.1.2 Rise in Incidence of Cardiovascular Diseases and Heart-Related Conditions
5.1 Market Restraints
5.1.1 Stringent Regulatory Requirements and Technical Issues
5.2 Market Opportunities
5.2.1 Increasing Potential in the Developing Nations
5.3 Future Trends
5.3.1 Technological Advancements by Market Players
5.4 Impact Analysis
6. Growth Opportunities Mobile ECG Devices Market–Asia Pacific Analysis
6.1 Mobile ECG Devices Market Revenue Forecast and Analysis
7. Asia Pacific Mobile ECG Devices Market Revenue and Forecasts To 2028– by Type
7.1 Overview
7.2 Mobile ECG Devices Market, By Type, 2021 & 2028 (%)
7.3 Monitoring ECG Systems
7.3.1 Overview
7.3.2 Monitoring ECG Systems: Mobile ECG Devices Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Diagnostics ECG Systems
7.4.1 Overview
7.4.2 Diagnostics ECG Systems: Mobile ECG Devices Market Revenue and Forecasts to 2028 (US$ Million)
8. Mobile ECG Devices Market Revenue and Forecasts To 2028 – Modality
8.1 Overview
8.2 Mobile ECG Devices Market Share by Segment - 2021 & 2028 (%)
8.3 Handheld
8.3.1 Overview
8.3.2 Handheld: Mobile ECG Devices Market Revenue and Forecast to 2028 (US$ Million)
8.4 Band
8.4.1 Overview
8.4.2 Band: Mobile ECG Devices Market Revenue and Forecast to 2028 (US$ Million)
8.5 Pen
8.5.1 Overview
8.5.2 Pen: Mobile ECG Devices Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Mobile ECG Devices Market Revenue and Forecast to 2028 (US$ Million)
9. Mobile ECG Devices Market Revenue and Forecasts To 2028 – End User
9.1 Overview
9.2 Mobile ECG Devices Market Share by Segment - 2021 & 2028 (%)
9.3 Personal users
9.3.1 Overview
9.3.2 Personal users: Mobile ECG Devices Market Revenue and Forecast to 2028 (US$ Million)
9.4 Hospitals and Clinics
9.4.1 Overview
9.4.2 Hospitals and Clinics: Mobile ECG Devices Market Revenue and Forecast to 2028 (US$ Million)
9.5 Ambulatory Services
9.5.1 Overview
9.5.2 Ambulatory Services: Mobile ECG Devices Market Revenue and Forecast to 2028 (US$ Million)
10. Mobile ECG Devices Market Revenue and Forecasts to 2028 – Asia Pacific Analysis
10.1 Asia Pacific: Mobile ECG Devices Market Revenue and Forecasts To 2028
10.1.1 Overview
10.1.2 Asia Pacific: Mobile ECG Devices Market - Revenue and Forecast to 2028 (US$ Million)
10.1.3 Asia Pacific: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
10.1.4 Asia Pacific: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
10.1.5 Asia Pacific: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
10.1.6 Asia Pacific: Mobile ECG Devices Market, Revenue and Forecasts to 2028, By Country (%)
10.1.6.1 China: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.2 China: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.2.1 China: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
10.1.6.2.2 China: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
10.1.6.2.3 China: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
10.1.6.3 Japan: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.3.1 Japan: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.3.2 Japan: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
10.1.6.3.3 Japan: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
10.1.6.3.4 Japan: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
10.1.6.4 India: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.4.1 India: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.4.2 India: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
10.1.6.4.3 India: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
10.1.6.4.4 India: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
10.1.6.5 Australia: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.5.1 Australia: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.5.2 Australia: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
10.1.6.5.3 Australia: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
10.1.6.5.4 Australia: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
10.1.6.6 South Korea: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.6.1 South Korea: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.6.2 South Korea: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
10.1.6.6.3 South Korea: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
10.1.6.6.4 South Korea: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
10.1.6.7 Rest of Asia Pacific: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.7.1 Rest of Asia Pacific: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.7.2 Rest of Asia Pacific: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
10.1.6.7.3 Rest of Asia Pacific: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
10.1.6.7.4 Rest of Asia Pacific: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
11. Impact Of COVID-19 Pandemic on Mobile ECG Devices Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Mobile ECG Devices Market–Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 MD Biomedical Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 THOR
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Koninklijke Philips N.V.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Bittium Biosignals LTD. (Subsidiary of Bittium Corporation)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Medtronic
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 AliveCor, Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Nihon Kohden Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
Table 2. Asia Pacific Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
Table 3. Asia Pacific Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
Table 4. China: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
Table 5. China Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
Table 6. China: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
Table 7. Japan Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
Table 8. Japan Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
Table 9. Japan: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
Table 10. India Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
Table 11. India Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
Table 12. India: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
Table 13. Australia: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
Table 14. Australia Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
Table 15. Australia: Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
Table 16. South Korea Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
Table 17. South Korea Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
Table 18. South Korea Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
Table 19. Rest of Asia Pacific Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Modality (US$ Million)
Table 20. Rest of Asia Pacific Mobile ECG Devices Market- Revenue and Forecasts to 2028, By Type (US$ Million)
Table 21. Rest of Asia Pacific Mobile ECG Devices Market- Revenue and Forecasts to 2028, By End User (US$ Million)
Table 22. Organic Developments in the Mobile ECG devices Market
Table 23. Inorganic Developments in the Mobile ECG Devices Market
Table 24. Glossary of Terms
LIST OF FIGURES
Figure 1. Mobile ECG Devices Market Segmentation
Figure 2. Mobile ECG Devices Market Segmentation, By Country
Figure 3. Mobile ECG Devices Market Overview
Figure 4. Handheld by Modality Segment Held Largest Share of Mobile ECG Devices Market
Figure 5. Asia Pacific Mobile ECG Devices Market – Leading Country Markets (US$ Million)
Figure 6. Asia Pacific PEST Analysis
Figure 7. Experts Opinion
Figure 8. Mobile ECG Devices Market Impact Analysis of Driver and Restraints
Figure 9. Asia Pacific Mobile ECG Devices Market– Revenue Forecast and Analysis – 2021 - 2028
Figure 10. Mobile ECG Devices Market, by Type, 2021 & 2028 (%)
Figure 11. Monitoring ECG Systems: Mobile ECG Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. Diagnostics ECG Systems: Mobile ECG Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. Mobile ECG Devices Market Share by Segment - 2021 & 2028 (%)
Figure 14. Handheld: Mobile ECG Devices Market Revenue and Forecasts To 2028 (US$ Million)
Figure 15. Band: Mobile ECG Devices Market Revenue and Forecasts To 2028 (US$ Million)
Figure 16. Pen: Mobile ECG Devices Market Revenue and Forecasts To 2028 (US$ Million)
Figure 17. Others: Mobile ECG Devices Market Revenue and Forecasts To 2028 (US$ Million)
Figure 18. Mobile ECG Devices Market Share by Segment - 2021 & 2028 (%)
Figure 19. Personal users: Mobile ECG Devices Market Revenue and Forecasts To 2028 (US$ Million)
Figure 20. Hospitals and Clinics: Mobile ECG Devices Market Revenue and Forecasts To 2028 (US$ Million)
Figure 21. Ambulatory Services: Mobile ECG Devices Market Revenue and Forecasts To 2028 (US$ Million)
Figure 22. Asia Pacific: Mobile ECG Devices Market, Revenue Overview, by Country, 2021 (US$ Million)
Figure 23. Asia Pacific Mobile ECG Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific: Mobile ECG Devices Market, Revenue and Forecasts to 2028, By Country (%)
Figure 25. China: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Japan: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. India: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Australia: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. South Korea: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Asia Pacific: Mobile ECG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- MD Biomedical Inc.
- THOR
- Koninklijke Philips N.V.
- Bittium Biosignals LTD. (Subsidiary of Bittium Corporation)
- Medtronic
- AliveCor, Inc
- Nihon Kohden Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific mobile ECG devices market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific mobile ECG devices market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.