ECG Devices Market - Growth Drivers and Challenges
Growth Drivers
- Growing focus on preventive healthcare: Due to the escalation in mortality rates associated with CVDs, both governments are increasingly focusing on early detection of chronic conditions, which is the major driving factor for the market. As of the August 2025 NHM report, the National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases, and Stroke aims to reduce the burden of major CVDs through prevention, early detection, and timely management. District NCD Clinics and cardiac care units have been established for screening and treatment across all 13 districts.
- Technological progress: The market has extensively benefited from innovations such as AI-powered ECG interpretation, wearable ECG monitors, wireless connectivity, and mobile-integrated ECG apps, which are revolutionizing the detection procedures. For instance, in March 2025, Peerbridge Health announced the launch of Cor MDx, which is a Next-Gen IoT ECG wearable that features real-time multi-lead ECG streaming, BLE, and LTE connectivity via AT&T, and AI-driven diagnostics.
- Growing adoption of remote patient monitoring: The emergence of telehealth and remote monitoring is reshaping the foundation of the market. In this regard, TeleMedCare in July 2025 has partnered with a major U.S. health insurance provider to launch a Remote Patient Monitoring program targeting chronic conditions such as chronic heart disease, COPD, diabetes, and hypertension. Besides, the Florida-based pilot highlights TeleMedCare's adaptable technology as part of the insurer’s USD 2 billion global health strategy for pandemic and long-term care.
Historic Cardiovascular Disease Statistics and Economic Impact
|
Statistic |
Value/Detail |
|
Deaths due to CVD in the US (2015) |
633,842 |
|
Proportion of deaths caused by CVD in the US |
1 in every 4 deaths |
|
Deaths due to cancer in the US (2015) |
595,930 |
|
Global deaths due to CVD (2015, WHO data) |
17.7 million |
|
Indirect annual costs of CVD in the US |
USD 237 billion |
|
Projected indirect costs of CVD by 2035 |
USD 368 billion |
|
Risk of heart disease by age 45 in the general population |
50% |
Source: NIH
Monthly and Year-to-Date Export Data for Medical Equipment U.S. (2025 vs. 2024)
|
Metric |
Medical equipment |
|
July 2025 |
4,054 |
|
June 2025 |
3,994 |
|
Monthly Change |
61 |
|
Year-to-Date 2025 |
26,754 |
|
Year-to-Date 2024 |
27,058 |
|
Year-to-Date Change |
-304 |
Source: Census.gov
Challenges
-
Volatility in availability and worldwide adoption: The factors such as geopolitical clashes, regulatory delays, and budgetary pressures pose a major hurdle for the expansion of the market. In addition to this, regulatory durations across different nations are ultimately slowing down the device entry to the market, adding more costs for the processes, and restricting the widespread adoption. Furthermore, this financial constraint is especially witnessed in developing nations, wherein the healthcare budgets are limited, thereby causing a hindrance to the market progression.
ECG Devices Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Year |
2026-2035 |
|
CAGR |
7.6% |
|
Base Year Market Size (2025) |
USD 7.3 billion |
|
Forecast Year Market Size (2035) |
USD 15.2 billion |
|
Regional Scope |
|