Comprehensive Arrhythmia Monitoring Devices Market Analysis, By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest arrhythmia monitoring devices market share, and Asia-Pacific was the fastest-growing region in 2022.
The global arrhythmia monitoring devices market is expected to grow from $6.3 billion in 2022 to $6.87 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The arrhythmia monitoring devices market size is expected to grow to $9.32 billion in 2027 at a CAGR of 7.9%.
Major Driver In The Arrhythmia Monitoring Devices Market – Rise In The Incidence Of Cardiovascular Diseases
According to the Centres for Disease Control and Prevention, an American national public health institution, roughly 697,000 people in the United States died from heart disease in 2020, accounting for nearly one in every five fatalities. As a result, the increased prevalence of cardiovascular disorders will boost the market for arrhythmia monitoring devices.
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Key Arrhythmia Monitoring Devices Market Segments
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
Recent Arrhythmia Monitoring Devices Market Trend – Technological Advancement
Major players in the arrhythmia monitoring devices market are incorporating novel technologies such as artificial intelligence (AI), detecting technologies, and others to improve accuracy and data management efficiency. For example, SmartCardia SA, a Swiss platform that blends medical wearable technology with AI, unveiled a cloud-based AI platform and patch for real-time patient monitoring in January 2021. The AI technology detects major arrhythmia episodes in real time with cardiologist-level accuracy and is made up of millions of ECG segments annotated by cardiologists and qualified cardiac technicians. Clinicians and hospital staff may act quickly on the data because it is available in real-time on a secure cloud.
Arrhythmia Monitoring Devices Market Prominent Players
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.
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The Arrhythmia Monitoring Devices Global Market Report 2023 provides a comprehensive overview on the arrhythmia monitoring devices market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Arrhythmia monitoring devices are pieces of equipment used to identify the kind and source of irregular cardiac rhythms. Arrhythmia monitoring devices track and monitor abnormal cardiac rhythms. Arrhythmia is a heart ailment that causes irregular heartbeats.
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