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

The Business Research Company’s arrhythmia monitoring devices market report forecasts the arrhythmia monitoring devices market size to grow to $9.32 Billion by 2027, with a CAGR (compound annual growth rate) of almost 8%.

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Arrhythmia Monitoring Devices Market Size Forecast
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 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The arrhythmia monitoring devices market size is expected to grow to $9.32 billion in 2027 at a CAGR of 7.9%.

North America held the largest arrhythmia monitoring devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Arrhythmia Monitoring Devices Market Driver ­– Rise In The Incidence Of Cardiovascular Diseases
Additionally, according to the Center for Disease Control and prevention, an American national public health agency, approximately 697,000 people in the US died from heart disease in 2020 which converted to almost 1 in 5 deaths. Therefore, the rising incidence of cardiovascular diseases will drive the arrhythmia monitoring devices market.

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Key Arrhythmia Monitoring Devices Market Trend – Technological Advancement
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. For instance, in January 2021, SmartCardia SA, a Switzerland-based platform that combines medical wearable technology with AI, launched a cloud-based AI platform and patch for real-time patient monitoring. The AI platform performs real-time detection of significant arrhythmia episodes with cardiologist-level accuracy and is built from millions of ECG segments labelled by cardiologists and qualified cardiac technicians. Clinicians and hospital personnel can take quick action with the data because it is accessible in real-time on a secure cloud.

Arrhythmia Monitoring Devices Market Segment
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

Arrhythmia Monitoring Devices Market Major Players and Strategies
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.

In January 2021, Boston Scientific, a US-based medical device company, acquired Preventice Solutions Inc for a $1.22 billion deal. This acquisition will give Boston Scientific an edge in the fast-growing ambulatory electrocardiography market, complementing their recent entry into the implantable cardiac monitor market and supporting their strategy in cardiac diagnostics and services. Preventice Solutions Inc. is a US-based mobile health and remote monitoring solutions provider offering mobile cardiac health services and solutions such as ambulatory cardiac monitors, short and long-term Holter monitors, cardiac event monitors, and mobile cardiac telemetry.

The Arrhythmia Monitoring Devices Global Market Report 2023 covers regional data on arrhythmia monitoring devices market size, arrhythmia monitoring devices market trends and drivers, opportunities, strategies, and arrhythmia monitoring devices market competitor 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 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.

View More Reports Related To The Arrhythmia Monitoring Devices Market –
Cardiac Arrhythmia Monitoring Devices Global Market Report 2023
Arrhythmia Global Market Report 2023
Remote Patient Monitoring Devices And Equipment Global Market Report 2023

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