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
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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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