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The arrhythmia monitoring devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

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The Arrhythmia Monitoring Devices Market Size In 2022 And Forecast
The global arrhythmia monitoring devices market is expected to grow from $5.80 billion in 2021 to $6.28 billion in 2022 at a compound annual growth rate (CAGR) of 8.24%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The arrhythmia monitoring devices market is expected to grow to $8.62 billion in 2026 at a compound annual growth rate (CAGR) of 8.24%.

The arrhythmia monitoring devices market consists of the sale of arrhythmia monitoring devices and equipment by entities (organizations, sole traders, and partnerships) that are used to track and monitor irregular heart rhythms.

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Rise In The Incidence Of Cardiovascular Diseases Is Driving The Growth Of The Arrhythmia Monitoring Devices Market
According to World Health Organization, in 2019, 17.9 million people died from CVDs, accounting for 32% of all global deaths. Therefore, the rising incidence of cardiovascular diseases will drive the arrhythmia monitoring devices market.

Competitive Landscape And The Regional Analysis Of The Arrhythmia Monitoring Devices Market
Major players in the arrhythmia monitoring devices market are Abbott Laboratories, Medtronic plc, Biotronik Inc, Hill-Rom Services Inc, iRhythm Technologies Inc, Medi-Lynx Cardiac Monitoring LLC, Koninklijke Philips NV(BioTelemetry Inc), AliveCor Inc, Applied Cardiac Systems, Nihon Kohden Corporation, Fukuda Denshi Co Ltd, OSI Systems Inc, B-Secur, Spacelabs Healthcare and Nuubo.

Additionally, as per TBRC’s research – North America was the largest region in the arrhythmia monitoring devices market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.

The Arrhythmia Monitoring Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the arrhythmia monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the arrhythmia monitoring devices market.

Technological Advancement – A Key Trend In The Arrhythmia Monitoring Devices Market
Major companies operating in the arrhythmia monitoring devices market are integrating novel technologies such as AI, detection technologies, and others to increase accuracy and manage data efficiently.

Arrhythmia Monitoring Devices Market Segmentation By The Business Research Company

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

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