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How has the cardiac ambulatory monitoring market grown over the years?

Recently, there’s been robust growth in the cardiac ambulatory monitoring market. The market’s estimated value is $14.17 billion in 2024, projected to rise to $14.97 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.6%. Factors contributing to this historic growth include the rising frequency of cardiovascular diseases, heightened awareness around heart health, a growth in the use of wearable devices, an increase in the aging population, as well as a growing emphasis on outpatient care and remote monitoring.

What Is the forecasted market size and growth rate for the cardiac ambulatory monitoring market?

Over the coming years, robust expansion is anticipated in the cardiac ambulatory monitoring market. By the year 2029, it is projected to reach a market size of $18.60 billion, with an annual growth rate of 5.6%. This anticipated growth during the forecast period could be accredited to various factors such as the rise in personalized healthcare strategies, an increment in mobile health applications uptake, enhancement in telehealth infrastructure, increasing healthcare spending, and government endorsement for preventive healthcare programs. Key trends expected during this period encompass predicting analytics driven by artificial intelligence (AI), the incorporation of cloud-based solutions, downsizing of monitoring apparatus, the inclusion of real-time data scrutiny with wearable devices, and progress in battery duration for uninterrupted monitoring.

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What are the major factors driving growth in the cardiac ambulatory monitoring market?

The escalation in incidence of cardiovascular disease (CVD) is predicted to boost the cardiac ambulatory monitoring market’s expansion. CVD encompasses a range of disorders impacting the heart and blood vessels, including heart attacks, strokes, and heart failure, typically originating from blockages in the blood vessels or heart function irregularities. The mounting occurrence of CVD can be attributed to factors like poor eating habits, sedentary lifestyles, smoking, stress, and an aging population. Moreover, conditions like obesity, diabetes, and hypertension are enhancing its incidence. Cardiac ambulatory monitoring, which provides ongoing heart activity tracking, assists in identifying abnormalities early in CVD patients, leading to more efficient heart condition management by allowing real-time diagnosis and observation without continuous hospital visits. For example, the British Heart Foundation, a cardiovascular research charity based in the UK, estimated in September 2024 that around 7.6 million people in the UK, comprising 4 million men and 3.6 million women, are currently experiencing heart and circulatory diseases. By 2030, this statistic could surge by an additional 1 million, and it may potentially climb to 2 million above the existing figures by 2040. Consequently, the high prevalence of CVD is fueling the expansion of the cardiac ambulatory monitoring market.

What key areas define the segmentation of the global cardiac ambulatory monitoring Market?

The cardiac ambulatory monitoring market covered in this report is segmented –

1) By Product: Electrocardiogram (ECG) Devices, Holter Monitors, Event Monitors, Implantable Loop Recorders, Mobile Cardiac Telemetry

2) By Specialty: Single Specialty, Multi-Specialty

3) By End-User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Cardiac Care Centers, Home Care Setting

Subsegments:

1) By Electrocardiogram (ECG) Devices: Portable ECG Monitors, Wireless ECG Monitors, Smartphone-based ECG Devices

2) By Holter Monitors: 24-hour Holter Monitors, 48-hour Holter Monitors, 72-hour Holter Monitors

3) By Event Monitors: Wireless Event Monitors, Wearable Event Monitors

4) By Implantable Loop Recorders: Standard Implantable Loop Recorders, Long-term Implantable Loop Recorders

5) By Mobile Cardiac Telemetry: Continuous Mobile Telemetry Systems, Patch-based Mobile Telemetry Systems

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What are the top market players propelling the growth of the cardiac ambulatory monitoring industry?

Major companies operating in the cardiac ambulatory monitoring market are Abbott Laboratories, Medtronic PLC, Becton, Dickinson and Company, Koninklijke Philips N.V., GE Healthcare, Boston Scientific Corporation, Hill-Rom Holdings Inc., Nihon Kohden Corporation, MicroPort Scientific Corp., Fukuda Denshi Co. Ltd., iRhythm Technologies Inc., ZOLL Medical Corporation, Schiller AG, Biotronik SE & Co. KG, Medicomp Inc., Applied Cardiac Systems, Bardy Diagnostics Inc., ACS Diagnostics Inc., WebCardio LLC, ReactDx

What are the key trends shaping the future of the cardiac ambulatory monitoring market?

Major companies operating in the cardiac ambulatory monitoring market are focused on developing innovative technologies, such as artificial intelligence (AI) and Bluetooth connectivity electrocardiogram devices, to enhance patient monitoring and data accuracy. Artificial intelligence (AI) and Bluetooth connectivity electrocardiogram devices refer to advanced medical tools that leverage AI algorithms for real-time analysis of heart data and use Bluetooth technology to transmit this information wirelessly to healthcare providers. For instance, in September 2024, AliveCor Inc., a US-based company that provides remote cardiac care services, launched the KardiaMobile Card to give users a convenient, portable tool for real-time heart monitoring, particularly for detecting arrhythmias and managing heart conditions directly from their wallet. It makes real-time heart health data easily accessible to patients, enabling early detection of heart issues and helping to reduce the economic burden of cardiovascular diseases.

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What regions are dominating the cardiac ambulatory monitoring market growth?

North America was the largest region in the cardiac ambulatory monitoring market in 2024. The regions covered in the cardiac ambulatory monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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