Overview and Scope
Arrhythmia monitoring devices are equipment that determines the type and cause of abnormal heart rhythms. The arrhythmia monitoring devices are used to track and monitor irregular heart rhythms. Arrhythmia is a heart condition that affects the pace or rhythm of the heartbeat.
Sizing and Forecast
The arrhythmia monitoring devices market size has grown rapidly in recent years. It will grow from $6.98 billion in 2024 to $7.7 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to aging population, healthcare infrastructure growth, rise in personalized medicine, rise in home healthcare, increased funding.
The arrhythmia monitoring devices market size is expected to see strong growth in the next few years. It will grow to $11.08 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising cardiovascular diseases, telemedicine growth, regulatory approvals, rise in remote patient monitoring, economic growth. Major trends in the forecast period include wearable technology advancements, use of artificial intelligence and machine learning, patient-centric solutions, iot integration, preventive healthcare and health tracking.
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Segmentation & Regional Insights
The arrhythmia monitoring devices market covered in this report is segmented –
1) By Type: ECG, Implantable Monitors, Holter Monitors, Mobile Cardiac Telemetry
2) By Application: Bradycardia, Tachycardia, Atrial Fibrillation, Ventricular Fibrillation, Premature Contraction, Other Applications
3) By End-User: Hospitals And Diagnostic Centers, Ambulatory Centers, Other End Users
Top 5 Major Players:
- Abbott Laboratories
- Medtronic PLC
- Biotronik Inc
- Hill-Rom Services Inc
- iRhythm Technologies Inc
North America was the largest region in the arrhythmia monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the arrhythmia monitoring devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising incidence of cardiovascular diseases is expected to drive the arrhythmia monitoring devices market. Cardiovascular disease (CVD) refers to disorders that affect the heart or blood vessels. Arrhythmia monitoring devices are used to monitor irregular heart rates, which is the primary symptom of most cardiovascular diseases. An increase in the incidence of cardiovascular diseases increases the need for arrhythmia monitoring devices. For instance, in August 2022, the American College of Cardiology, a US-based nonprofit medical association published an article according to which the projected rates of cardiovascular risk factors and disease will increase significantly in the United States from the year 2025 to 2060. Factors such as heart failure will increase by 33.4% and ischemic heart disease will increase by 30.7% by the year 2060. Therefore, the rising incidence of cardiovascular diseases will drive the arrhythmia monitoring devices market.
Key Industry Players
Major companies operating in the arrhythmia monitoring devices market include Abbott Laboratories, Medtronic plc, Biotronik Inc., Hill-Rom Services Inc., iRhythm Technologies Inc., GE HealthCare Technologies Inc., Koninklijke Philips NV, ACS Diagnostics Inc., AliveCor Inc., Medi-Lynx Cardiac Monitoring LLC, Welch Allyn Inc., Spacelabs Healthcare Inc., Fukuda Denshi Co. Ltd., Applied Cardiac Systems Inc., BIOTRONIK SE & Co. KG, Hill-Rom Holdings Inc., Nihon Kohden Corporation, CardioNet LLC, Bardy Diagnostics Inc., BioTelemetry Inc., Boston Scientific Corporation, CardioComm Solutions Inc., Cardiac Insight Inc., Cardiac Science Corporation, Johnson & Johnson, Preventice Solutions Inc., Qardio Inc., ZOLL Medical Corporation, Stryker Corporation, Drägerwerk AG & Co. KGaA, Mindray Medical International Limited, Cardinal Health Inc., Physio-Control Corporation
The arrhythmia monitoring devices market report table of contents includes:
1. Executive Summary
2. Arrhythmia Monitoring Devices Market Characteristics
3. Arrhythmia Monitoring Devices Market Trends And Strategies
4. Arrhythmia Monitoring Devices Market – Macro Economic Scenario
5. Global Arrhythmia Monitoring Devices Market Size and Growth
…..
31. Global Arrhythmia Monitoring Devices Market Competitive Benchmarking
32. Global Arrhythmia Monitoring Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Arrhythmia Monitoring Devices Market
34. Arrhythmia Monitoring Devices Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Arrhythmia Monitoring Devices Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Arrhythmia Monitoring Devices Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Arrhythmia Monitoring Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Abbott Laboratories Financial Performance
Table 75: Medtronic plc Financial Performance
Table 76: Biotronik Inc. Financial Performance
Table 77: Hill-Rom Services Inc. Financial Performance
Table 78: iRhythm Technologies Inc. Financial Performance
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