The global single lead ECG equipment market size is estimated to reach USD 487.59 million by 2025, progressing at a 4.72 percent CAGR, projects Business Wire. Emergence of smartphone and mobile-based cardiac monitoring devices has been revolutionized the market in the past few years. Medical device manufacturers continue to invest in development of these products and this is, consequently, fostering the growth of the market.
An Indian company Agatsa Software Pvt. Ltd. introduced credit card sized ECG monitors, sanket, which measures ECG in 15 seconds and displays results that sent to anyone across the globe via email, social media platforms, or SMS. Government bodies are undertaking initiatives for improvement in treatment of cardiac disorders in order to satisfy escalating need for inexpensive and portable devices for regular cardiac monitoring. This, in turn, is expected to positively influence the growth of the market. Several entities are integrating smart phone interoperability with ECG monitoring devices in order to provide immediate and easy access of ECG waveforms. Such practices are enabling improvement of patient outcome in cardiovascular disease treatment. These technological advancements are likely to stimulate the growth of the market. Besides this, favorable government initiatives for remote monitoring equipment are expected to promote technological progress in single lead ECG/EKG equipment. However, unstable reimbursement policies for cardiology services, especially in developing regions, are expected to impede the growth of the market over the coming years.