According to the report, Compatibility of Devices with Android and iOS Smartphones and Tablets
is one of the primary growth factors for the market. Rise in the Number of Patients with Cardiovascular Diseases in North America
is also expected to contribute significantly to the Personal ECG Device market. Overall, Monitoring
applications of Personal ECG Device, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Personal ECG Device Market identified that the demand is rising in many different parts of the world due to "Technological Advancements such as Artificial Intelligence, Cloud-based System, and Bluetooth in Medical Care
". Furthermore, some recent industry insights like "On November 24, 2020, The United States Food and Drug Administration has cleared AliveCor's next generation of interpretive artificial intelligence-based personal electrocardiogram algorithms, Kardia AI V2, the most sophisticated AI to personal ECG. and On Sept 25, 2020, AliveCor, enters the Indian market with the launch of its clinically validated personal ECG device, KardiaMobile 6L." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Awareness About the Personal ECG Devices"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Personal ECG Device market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Personal ECG Device market and other related sub-markets covered in the study.
o Key & emerging players in the Personal ECG Device market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Personal ECG Device market size is calculated using market estimation process, the Personal ECG Device market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Personal ECG Device market size has been validated using both top-down and bottom-up approaches.