Global Mobile ECG Devices Market Size 2022 Top Countries Data, projected revenue figures, growth rate throughout the forecast period 2031

Kenneth Research, in its repository of market research reports, has recently added a report titled Global Mobile ECG Devices Market market, that emphasizes on the recent market trends and opportunities available for the growth of the market for the forecast period 2022-2031. The growth of the Global Mobile ECG Devices Market market can be attributed to the increasing health spending by nations across the globe, and for the rapid innovations observed in the medical sector. According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion. Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

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The Global Mobile ECG Devices Market market is projected to grow with a CAGR of XX.X% during the forecast period, on account of the growing need among individuals for quality healthcare services, along with the rapidly expanding healthcare sector. Over the past few years, the healthcare sector has witnessed modest growth with respect to employment in the industry. According to the statistics by the Bureau of Labor Statistics (BLS) of the United States, the total number of employment opportunities in the home healthcare segment in the U.S. is estimated to grow by around 60% between the period 2014 and 2024. Some of the fastest-growing occupations in the healthcare industry include occupations such as occupational therapy assistants, physical therapy assistants, home health aides, and others. In other statistics by the BLS, jobs for occupational therapy assistants between the period 2014 and 2024 is projected to hold the highest share of 43%. This is further led by physical therapy assistants, physical therapy aides, home health aides, and nurse practitioners, with a share of 41%, 39%, 38%, and 35% respectively.

The study on the Global Mobile ECG Devices Market market consists of a descriptive evaluation of the overall market scope and the annual growth rate, along with the latest trends and developments in the market in terms of various parameters such as growth indicators, market segmentation, revenue, opportunities along with challenges affecting the market growth. Further, the Global Mobile ECG Devices Market market is likely to attain a notable market value in 20XX as compared to the value achieved in 20XX.

The report on the Global Mobile ECG Devices Market market is segmented by SEGMENTS. The report further defines the supply and demand risks by evaluating the relationship between the dependent and independent variables, and through an extensive analysis of the parameters, by the use of various statistical tools. The Global Mobile ECG Devices Market market also covers a detailed analysis of the five important regions, which includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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These regions are further sub-divided into the following:

  • North America (U.S. & Canada)
  • Latin America (Argentina, Mexico, Brazil, Rest of Latin America)
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
  • Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa)

Amongst the market in these regions, the North America Global Mobile ECG Devices Market is anticipated to display a significant market share during the forecast period. The growth of the market in the region can be attributed primarily to the favorable financial support from the Government of the United States for research and advancements in the healthcare industry, and for the growing healthcare spending in nations such as the United States, which is estimated to grow at an average rate of around 5% every year in-between the period 2018 and 2027. The value of expenditure on health in the U.S. is further expected to reach USD 6 trillion by 2027. The expenditure on healthcare in this nation can be derived primarily from three key sectors, which include hospital spending, physician & clinical services, and prescription drugs. Amongst the three key sectors, the prescription drugs sector is projected to increase by an average of close to 6% every year between the years 2020 and 2027.

The report also consists of a complete section on the competitive landscape and includes an overview of the key players operating in the Global Mobile ECG Devices Market along with their business strategies, key performance indicators, recent developments, major product offerings, including SWOT analysis among others.

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