According to a new market report by Lucintel, the future of the global electrocardiogram (ECG) sensor market looks promising with opportunities in ECG machine, wearable fitness device, smartphone, patient monitoring equipment, and research & laboratory applications. The global ECG sensor market is expected to grow with a CAGR of 23% from 2020 to 2025. The major growth drivers for this market are the growing health awareness of people and athletes and sports persons being active with respect to their health; the use of heart rate tracking devices to monitor their heart beats is one way to being health conscious.
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In this market, wired and wireless are the connectivity type segments. Lucintel forecasts that the wired ECG sensor segment is expected to witness the highest growth during the forecast period due to increasing use of smartphones and other wearable sensor for heart tracking.
Within this market, smartphones will remain the largest application segment, and it is expected to witness the highest growth over the forecast period due to rising demand for disposable income and increase in the probability of consumer spending on media, entertainment, networking, and mobile communication.
North America will remain the largest region over the forecast period due to the high health awareness of people.
Texas Instruments Inc., Neurosky, Analog Devices Inc., Shimmer, Medtronic, GE, Philips, and Siemens Healthcare are among the major manufacturers of the ECG sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ECG sensor market by connectivity, sensor type, application, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global ECG Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global ECG sensor market by connectivity, sensor type, application, and region as follows:
By Connectivity [$M shipment analysis for 2014 – 2025]:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Simulation Sensor
Digital Sensor
By Application [$M shipment analysis for 2014 – 2025]:
ECG Machines
Wearable Fitness Devices
Smartphones
Patient Monitoring Equipment
Research & Laboratories
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.