Wearable Heart Monitoring Devices Remain Unpopular in Africa

Africa is the region that is contributing the least to the global wearable heart monitoring devices market
The Global Wearable Heart Monitoring Devices Market is expected to grow at an approximate CAGR of 9.86% during the forecast period. But Africa is left behind, according to the forecast of the Wearable Heart Monitoring Device Market 2018-2023 released today.

The report said the Middle East and Africa contribute the least in the growth of global wearable heart monitoring devices market. The Middle East dominates the market for the Middle East and Africa.
Africa holds the least share of the global market due to limited availability of medical facilities and poor economic conditions.
Across the world, novel devices for wireless monitoring have emerged and begun to be integrated with cardiac patient care. This has led to the development of wearable heart monitoring devices market.

By set-up, a majority of the wearable heart monitoring devices consists of wearable monitoring device and a portable data transmission device which transmits real time medical data for analysis.
This is a far-cry from Africa’s rapidly expanding mobile coverage and smartphone penetration which could make room for the development of mobile phones based wearable heart monitoring devices especially for cardiac conditions such as atrial fibrillation (AFib) that requires extensive and continuous monitoring.

Conventionally, Holter monitoring is exploited for the same. But since the technology is expensive and risks of missing arrhythmias are associated, a number of new and effective technologies for wireless monitoring are devised which has facilitated the global market growth.
One of the reasons why the products are unpopular in Africa is lack of awareness for the products, low healthcare expenditures. In addition, stringent FDA approvals are expected to restrain the market growth.

Currently, the Americas dominate the global wearable heart monitoring devices market. Well-developed healthcare sector and highly developed information technology sector has enabled the Americas to be the regional global leader.

“Moreover, high prevalence of AFib diseases and increasing healthcare expenditure have boosted the growth of the market in America. Moreover, the presence of developed economies like the U.S. and Canada and global players such as Medtronic, Briggs Healthcare within the regional boundaries fuels the market growth,” Market Research Future stated.

Europe comes second in global wearable heart monitoring devices market and is followed by Asia Pacific.
MSF believes a well-developed healthcare infrastructure, huge patient population and government support for research & development will drive the market in the Europe.

Across the world, Asia Pacific is the fastest growing market for wearable heart monitoring devices Asia Pacific. Asia Pacific- wearable heart monitoring devices market is majorly driven by India and China owing to a huge patient pool, and continuously developing healthcare sector have fuelled the growth of the market.

June 12, 2018