Growth Opportunities and Trends in the Cardiac Arrhythmia Monitoring Devices Market: Key Insights for 2025-2034
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How Will the CAGR of the Cardiac Arrhythmia Monitoring Devices Market Influence Its Overall Growth by 2034?
The cardiac arrhythmia monitoring devices market size has grown strongly in recent years. It will grow from $7.83 billion in 2024 to $8.43 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased lifestyle-related risk factors, globalization of healthcare services, patient preference for home-based monitoring, awareness and screening programs, rising incidence of cardiovascular diseases,.
The cardiac arrhythmia monitoring devices market size is expected to see strong growth in the next few years. It will grow to $12.09 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to expansion of telehealth services, focus on continuous monitoring, development of smart clothing for monitoring, focus on early intervention, focus on user-friendly device design, patient empowerment and engagement. Major trends in the forecast period include rise in wearable technologies, integration of artificial intelligence (ai), continuous ECG monitoring devices, miniaturization and portability, smartphone connectivity and apps, long-term monitoring solutions, innovations in implantable devices.
How Are the key drivers expanding the growth of the cardiac arrhythmia monitoring devices Market?
The growing prevalence of cardiovascular diseases is expected to propel the growth of the cardiac arrhythmia monitoring devices market going forward. Cardiovascular diseases refer to the group of diseases associated with conditions affecting the heart and blood vessels such as atherosclerosis, angina, heart attacks, aortic disease, and others. In cardiovascular diseases, cardiac arrhythmia monitoring devices help in event monitoring to keep track of the electrical activity of a patient’s heart rhythm and beat (ECG) and detect or determine the risk of irregular heartbeats (arrhythmias). For instance, in April 2023, according to HMP Global, a US-based multi-accredited patient-centered education company, it is projected that the prevalence of peripheral arterial disease in the US will reach 23.8 million in 2030, from 21.0 million in 2020. Therefore, the growing prevalence of cardiovascular diseases is driving the growth of the cardiac arrhythmia monitoring devices market.
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Who Are the Leading Companies Pioneering Change in the Cardiac Arrhythmia Monitoring Devices Market?
Major companies operating in the cardiac arrhythmia monitoring devices market are:
• AliveCor Inc._x000D_
• Biotronik SE & Co. KG_x000D_
• General Electric Company_x000D_
• iRhythm Technologies Inc._x000D_
• Koninklijke Philips N.V._x000D_
What Are the Most Significant Trends Transforming the Cardiac Arrhythmia Monitoring Devices Market Today?
Major companies operating in the cardiac arrhythmia monitoring devices market are focusing on developing innovative solutions, such as cardiac monitoring products, to enhance patient diagnostics and improve the accuracy of arrhythmia detection. A cardiac monitoring product refers to medical devices or systems designed to continuously or intermittently monitor the heart’s electrical activity and overall function. For instance, in January 2023, UltraLinQ, a US-based medical technology manufacturer company, launched a new cardiac monitoring product at the Arab Health exhibition. The UltraLinQ system offers continuous heart rhythm monitoring for up to seven days, significantly improving arrhythmia detection rates from 45% to nearly 97%, compared to traditional Holter monitors that capture data for just 24 hours. It uses disposable, single-use wearable biosensors, allowing patients to perform daily activities like exercising, sleeping, and showering without wires. Holter reports can be generated within 36 hours by certified cardiac technicians, ensuring timely insights into heart health. Additionally, UltraLinQ’s cloud-based platform enables healthcare providers to access medical images and data from any location, enhancing flexibility.
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What Are the Major Segments of the Cardiac Arrhythmia Monitoring Devices Market and Their Role in Driving Growth?
The cardiac arrhythmia monitoring devices market covered in this report is segmented –
1) By Type: Standards in Ambulatory Cardiac Monitoring, Patient- and Event-activated Intermittent Recorders, External Loop Recorder Pre-symptom Memory Loop Cardiac Event Recorder, Post-symptom Event Recorder, Continuous Real-time Attended Remote Cardiac Monitors, Mobile Cardiac Outpatient Telemetry System, Vital Signs Transmitter (Bio Watch Medical)
2) By Device: Holter Monitor, Event Recorder, Mobile Cardiac Telemetry, Implantable Cardiac Monitor, Electrocardiogram (ECG) Monitor, Other Devices
3) By Application: Tachycardia, Bradycardia, Premature Contraction, Other Applications
4) By End-use: Hospitals and Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Homecare Settings, Other End-uses
Subsegments:
1) By Standards In Ambulatory Cardiac Monitoring: Holter Monitors, Mobile Cardiac Telemetry (MCT), Event Monitors
2) By Patient- And Event-Activated Intermittent Recorders: Handheld Recorders, Wearable Event Monitors
3) By External Loop Recorder: Pre-Symptom Memory Loop Cardiac Event Recorder, Post-Symptom Event Recorder
4) By Continuous Real-Time Attended Remote Cardiac Monitors: Hospital-Based Monitors, Home-Based Monitors
5) By Mobile Cardiac Outpatient Telemetry System: Wireless Telemetry Systems, Real-Time Data Transmission Devices
6) By Vital Signs Transmitter (Bio Watch Medical): Remote Monitoring Systems, Integration With Mobile Health Applications
Which Regions Are Leading the Charge in Cardiac Arrhythmia Monitoring Devices Market Development?
North America was the largest region in the cardiac arrhythmia monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the cardiac arrhythmia monitoring devices market report during the forecast period. The regions covered in the cardiac arrhythmia monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Key Elements Shape the Definition of the Cardiac Arrhythmia Monitoring Devices Market?
The cardiac arrhythmia monitoring device is a device used for monitoring the arrhythmia (irregular beating) condition of the heart.
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