Global Arrhythmia Monitoring Devices market overview 2024, Forecast To 2033
24 Jan, 2024
The arrhythmia monitoring devices market has experienced rapid growth, escalating from $6.98 billion in 2023 to $7.7 billion in 2024, showcasing a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period is attributed to the aging population, healthcare infrastructure growth, the rise in personalized medicine, increased home healthcare, and enhanced funding. Looking ahead, the market is poised for robust growth, reaching $11.08 billion in 2028 at a CAGR of 9.5%. Anticipated drivers include rising cardiovascular diseases, telemedicine growth, regulatory approvals, increased remote patient monitoring, and overall economic growth. Major trends in the forecast period encompass wearable technology advancements, the use of artificial intelligence and machine learning, patient-centric solutions, IoT integration, and the promotion of preventive healthcare and health tracking.
Global Arrhythmia Monitoring Devices Market Key Driver
The arrhythmia monitoring devices market is poised for growth due to the rising incidence of cardiovascular diseases. In 2023, an article by the American College of Cardiology projected significant increases in cardiovascular risk factors in the United States from 2025 to 2060. As heart failure and ischemic heart disease are expected to rise by 33.4% and 30.7%, respectively, the demand for arrhythmia monitoring devices will be driven by the escalating cardiovascular disease rates.
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The global 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
By Geography: The regions covered in the Arrhythmia Monitoring Devices market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the arrhythmia monitoring devices market in 2023. 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.
Major Arrhythmia Monitoring Devices Industry Players
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
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Arrhythmia Monitoring Devices Market Overview
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.
Arrhythmia Monitoring Devices Global Market Report 2023 provides data on the global arrhythmia monitoring devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The arrhythmia monitoring devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.