Latin America Mobile ECG Device Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market
research firm), Latin America Mobile ECG Device Market comprises a detailed
study of critical and major aspects of market dynamics, i.e. market trends,
size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth
Market Overview of Latin America Mobile ECG Device Industry (2025-2030):
According to the latest report, The Latin America Mobile ECG Device Market size was valued at
around USD 121.29 million in 2024 and is projected to
reach USD 244.29 million by 2030. Along with this, the market is
estimated to grow at a CAGR of around 11.49% during the
forecast period, i.e., 2025-30. The report demonstrates the prominent factors
propelling the exponential growth of the Latin America Mobile ECG Device
industry.
Key
Takeaways: Beneficial for Stakeholders and Clients:
·
Historical Data: 2020-23
·
Base Year: 2024
·
Forecast Period: 2025-30
·
CAGR – 11.49%
·
Market Value in 2024: USD 121.29
Million
·
Market Value by 2030: USD 244.29
Million
What are the major Driver the
global Latin America Mobile ECG Device industry?
Rising Prevalence of
Cardiovascular Disease – Cardiovascular diseases are the
main cause of death in Latin America, accounting for 31% of all deaths, or
about 1 million deaths per year. This epidemic is worsening because of
increasing tobacco use, unhealthy diets, and sedentary lifestyles, and mortality
is projected to increase shortly. The region urgently needs effective solutions
to address this growing burden and improve outcomes. Mobile ECG devices,
therefore, offer a great opportunity to fight Cardiovascular Diseases through
real-time and accessible cardiac monitoring for the early detection and timely
management of heart conditions. Its portability and connectivity are valuable
in underserved areas, as access to healthcare is limited. Latin American
countries can then include mobile ECG technology as an integral part of a
well-rounded healthcare strategy for more effective preventive care and
combating the increasing public health burden posed by cardiovascular diseases.
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Latin America Mobile ECG Device Market
Segmentation
The Latin
America Mobile ECG Device Market analysis of Markntel Advisors explores the
industry by emphasizing the growth parameters and categorizes including
geographical segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
- By Type
- Continuous Monitoring - Market Size
& Forecast 2020-2030F, USD Million
- Intermittent Monitoring - Market Size
& Forecast 2020-2030F, USD Million
- By Device Type
- Handheld ECG Monitors- Market Size
& Forecast 2020-2030F, USD Million
- Wearable ECG Devices- Market Size &
Forecast 2020-2030F, USD Million
- Band ECG Monitor- Market Size &
Forecast 2020-2030F, USD Million
- Others
- By End-User
- Hospital and Clinics- Market Size &
Forecast 2020-2030F, USD Million
- Home Healthcare- Market Size &
Forecast 2020-2030F, USD Million
- Diagnostic Centres- Market Size &
Forecast 2020-2030F, USD Million
- Others
- By Country
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Rest of Latin America
As per
the regional aspect, the Latin America Mobile ECG Device Market is expected to
be dominated by Latin America by capturing the potential market share.
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Top
Companies in the Latin America Mobile ECG Device Market
Nareena Lifesciences, Medtronic plc, Nihon Kohden
Corp., Philips Healthcare, AliveCor, Inc., Honeywell, FUJIFILM, GE HealthCare
Technologies, Inc., Omron Healthcare Co., Ltd., iRhythm Technologies, Inc.,
Apple Inc., Samsung Electronics Co., Ltd., Fitbit, Inc. and Others
Latin
America Mobile ECG Device Industry Recent Development:
September 2024: Apple Inc., launched the Apple
Watch Series 10 which is capable of generating ECG similar to a single‑lead
electrocardiogram. The heart rate app further helps to notify the changing
heart rate and irregular rhythm.
July 2024: AliveCor, Inc., expanded its product
line with the KardiaMobile 6L, a new device offering enhanced capabilities for
heart monitoring. It is one of the best devices in its space.
Why Markntel Advisors Report?
Well-known business Prospects: Our accurate analysis market research report serves
as a treasure map for discovering potential markets and novel product avenues.
Additionally, it facilitates comprehensive comparisons of products and
services.
Thoughtful Customer Insights: A market report provides the marketing department
with an in-depth understanding of customer requirements and desires. This
information is bound to enhance products, adjust pricing, and refine
advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide
spectrum of activities, including precise market sizing, detailed segment
analysis, accurate demand forecasting, competitor identification, and
meticulous pricing trend monitoring.
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