Cardiac Arrhythmia Monitoring Devices Market 2024 - Industry Size, Business Segments, Innovative Strategies And Outlook by 2033
Overview and Scope
The cardiac arrhythmia monitoring
device is a device used for monitoring the arrhythmia (irregular beating)
condition of the heart.
Sizing and Forecast
The cardiac arrhythmia monitoring
devices market size has grown strongly in recent years. It will grow from $7.42
billion in 2023 to $8.04 billion in 2024 at a compound annual growth rate
(CAGR) of 8.4%. The growth in the historic period can be
attributed to increased lifestyle-related risk factors, globalization of
healthcare services, patient preference for home-based monitoring, awareness
and screening programs, rising incidence of cardiovascular diseases,.
The cardiac arrhythmia monitoring
devices market size is expected to see strong growth in the next few years. It
will grow to $11.14 billion in 2028 at a compound annual growth rate (CAGR) of
8.5%. The growth in the forecast period
can be attributed to expansion of telehealth services, focus on continuous
monitoring, development of smart clothing for monitoring, focus on early
intervention, focus on user-friendly device design, patient empowerment and
engagement.. Major trends in the forecast period include rise in wearable
technologies, integration of artificial intelligence (ai), continuous ecg
monitoring devices, miniaturization and portability, smartphone connectivity
and apps, long-term monitoring solutions, innovations in implantable devices..
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Segmentation & Regional
Insights
The cardiac arrhythmia monitoring
devices market covered in this report is segmented –
1) By Type: Standards in
Ambulatory Cardiac Monitoring, Patient- and Event-activated Intermittent
Recorders, External Loop Recorder Pre-symptom Memory Loop Cardiac Event
Recorder, Post-symptom Event Recorder, Contnous Real-time Attended Remote
Cardiac Monitors, Mobile Cardiac Outpatient Telemetry System, Vital Signs
Transmitter (Bio Watch Medical)
2) By Device: Holter
Monitor, Event Recorder, Mobile Cardiac Telemetry, Implantable Cardiac Monitor,
Electrocardiogram (ECG) Monitor, Other Devices
3) By Application:
Tachycardia, Bradycardia, Premature Contraction, Other Applications
4) By End-use: Hospitals
and Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Homecare
Settings, Other End-uses
Top Major Players
AliveCor Inc.
Biotronik SE & Co. KG
General Electric Company
iRhythm Technologies Inc.
Koninklijke Philips N.V.
North America was the largest
region in the cardiac arrhythmia monitoring devices market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the cardiac
arrhythmia monitoring devices market report during the forecast period. The
regions covered in the cardiac arrhythmia monitoring devices market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market
Growth
The growing prevalence of
cardiovascular diseases is expected to propel the growth of the cardiac
arrhythmia monitoring devices market going forward. Cardiovascular diseases
refer to the group of diseases associated with conditions affecting the heart
and blood vessels such as atherosclerosis, angina, heart attacks, aortic
disease, and others. In cardiovascular diseases, cardiac arrhythmia monitoring
devices help in event monitoring to keep track of the electrical activity of a
patient’s heart rhythm and beat (ECG) and detect or determine the risk of
irregular heartbeats (arrhythmias). For instance, in April 2023, according to
HMP Global, a US-based multi-accredited patient-centered education company, it
is projected that the prevalence of peripheral arterial disease in the US will
reach 23.8 million in 2030, from 21.0 million in 2020. Therefore, the growing prevalence of
cardiovascular diseases is driving the growth of the cardiac arrhythmia
monitoring devices market.
Key Industry Players
Major companies operating in the
cardiac arrhythmia monitoring devices market report are AliveCor Inc.,
Biotronik SE & Co. KG, General Electric Company, iRhythm Technologies Inc.,
Koninklijke Philips N.V., Medtronic plc, Nihon Kohden Corporation, Smart
Solutions Technologies S.L., Abbott Laboratories, OSI Systems Inc., Hill-Rom
Holdings Inc., Applied Cardiac System Diagnostics Inc., Biotricity Inc., Boston
Scientific Corporation, Medicalgorithmics S.A., Siemens AG, Edwards Lifescience
Corporation, LivaNova PLC, Phoenix Heart Center, Fukuda Denshi Co. Ltd., Royal
Philips, NUUBO SMART SOLUTIONS S.L, Cardiac Insight Inc., CardioComm Solutions
Inc., Vascular Solutions Inc., Johnson & Johnson Services Inc., MicroPort
Scientific Corporation, Osypka AG, AtaCor Medical, Spacelabs Healthcare
The cardiac arrhythmia
monitoring devices market report table of contents includes:
1. Executive Summary
2. Cardiac Arrhythmia Monitoring
Devices Market Characteristics
3. Cardiac Arrhythmia Monitoring
Devices Market Trends And Strategies
4. Cardiac Arrhythmia Monitoring
Devices Market - Macro Economic Scenario
5. Global Cardiac Arrhythmia
Monitoring Devices Market Size and Growth
.............................
31. Global Cardiac Arrhythmia
Monitoring Devices Market Competitive Benchmarking
32. Global Cardiac Arrhythmia
Monitoring Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions
In The Cardiac Arrhythmia Monitoring Devices Market
34. Cardiac Arrhythmia Monitoring
Devices Market Future Outlook and Potential Analysis
35. Appendix
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