Cardiac AI Monitoring And Diagnostics Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theCardiac AI Monitoring And Diagnostics Market?
The increasing incidence of cardiovascular ailments is anticipated to drive the expansion of cardiac AI monitoring and diagnostics. Cardiovascular diseases (CVDs), which encompass conditions like cerebrovascular disease, coronary heart disease, rheumatic heart disease among others, are a group of diseases affecting the heart and blood arteries. Cardiac AI monitoring and diagnostics facilitate early detection, evaluation of risk, and personalized treatment of these diseases, leading to improved patient results. For instance, as per the data released by the British Heart Foundation, a charity dedicated to cardiovascular research in the UK, around 7.6 million individuals suffer from heart and circulatory ailments in September 2024 with nearly 4 million males and 3.6 million females living with these ailments. These diseases account for approximately 27% of all fatalities in the UK, equating to over 170,000 annual deaths, or an approximation of 480 deaths per day – equating to one death every three minutes. Hence, the escalating incidence of cardiovascular diseases underscores the growth of the cardiac AI monitoring and diagnostics market.
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How Has the Cardiac AI Monitoring And Diagnostics Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
Over recent years, the market size for cardiac AI monitoring and diagnostics has witnessed exponential growth. Expected to increase from $1.71 billion in 2024 to $2.16 billion in 2025, it predicts a compound annual growth rate (CAGR) of 26.4%. This growth during the historic period can be associated with factors such as the aging population, advancements in remote patient monitoring, higher healthcare expenditures, clinical research, validation studies, and an emphasis on preventive healthcare.
In the coming years, the cardiac ai monitoring and diagnostics market is projected to witness a rapid increase in size. It is estimated to reach a worth of $5.54 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 26.6%. The growth for the forecasted period is primarily due to an increase in the use of wearable and IoT devices, surge in telemedicine and remote monitoring adoption, integration of big data analytics and predictive models, emphasis on patient-centered care and remote patient involvement, and improvement in healthcare infrastructure. Key trends for the forecast period include blending AI with wearable devices, personalized risk evaluation and treatment planning, predictive analysis for cardiovascular incidents, integration of multiple data sources, interoperability, and data integration standards.
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What Are the Current Market Growth and Trends in theCardiac AI Monitoring And Diagnostics Market That Industry Players Should Watch?
Major companies operating in the cardiac AI monitoring and diagnostics market are focused on developing technology-based medical devices, such as artificial intelligence-based implantable cardiac monitors, to strengthen their position in the market. Artificial intelligence-based implantable cardiac monitors are devices that constantly track cardiac function. For instance, in May 2023, Biotronik, a Germany-based cardiovascular biomedical research and technology company, announced that the US Food and Drug Administration (FDA) had approved the BIOMONITOR IV implantable cardiac monitor (ICM). The BIOMONITOR IV implantable cardiac monitor (ICM) uses BIOTRONIK’s innovative, AI-powered SmartECG algorithm, which contains advanced algorithms that eliminate 86% of all false identifications while maintaining 98% of real episodes. This revolutionary technology improves detection accuracy for healthcare professionals, minimizing false positive warnings and assisting them in making quick and precise diagnoses of certain cardiac problems. Aside from SmartECG technology, BIOMONITOR IV is the first ICM to distinguish between premature ventricular contractions (PVCs) and premature atrial contractions (PACs).
What Are the Major Market Players Making an Impact on theCardiac AI Monitoring And Diagnostics Market Growth?
Major companies operating in the cardiac ai monitoring and diagnostics market report are Abbott Laboratories, Medtronic plc, Siemens Healthineers AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Boston Scientific Corporation, ZOLL Medical Corporation, Canon Medical Systems Corporation, Biotronik SE & Co. KG, iRhythm Technologies Inc., Tempus Labs Inc., Viz.ai Inc., HeartFlow Inc., Aidoc, Eko Devices Inc., CardioFocus Inc., Circle Cardiovascular Imaging Inc., Ultromics Limited., Cathworks, Medicalgorithmics S.A., Nanox.AI Ltd, Cardiac Insight Inc., CardioSecur GmbH, Cardionomic Inc., HeartSciences, CardioComm Solutions Inc., CardioDiagnostics Inc.
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How Are the Key Segments of the Cardiac AI Monitoring And Diagnostics Market Driving Opportunities and Innovations?
The cardiac ai monitoring and diagnostics market covered in this report is segmented –
1) By Type: Cardiac Diagnostics, Cardiac Monitoring
2) By Product: Software, Hardware
3) By Application: Ischemic Heart Diseases Or Coronary Artery Disease (CAD), Cardiac Arrhythmias, Ischemic Stroke, Other Applications
4) By End Users: Hospitals, Diagnostic Centers, Other End Users
Subsegments:
1) By Cardiac Diagnostics: ECG Analysis, Echocardiography Analysis, Cardiac Imaging, Biomarker Analysis
2) By Cardiac Monitoring: Wearable Cardiac Monitors, Remote Patient Monitoring Systems, Implantable Cardiac Devices, Continuous ECG Monitoring Systems
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theCardiac AI Monitoring And Diagnostics Market?# Market Expansion?
North America was the largest region in the cardiac AI monitoring and diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiac ai monitoring and diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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