The global cardiac arrhythmia monitoring devices market will observe a growth of CAGR of 6.9% and exhibit a market valuation of USD 8.41 bn by 2025.
The emergence of digital healthcare has led to an increase in demand for
cardiac monitoring devices. This has also resulted in manufacturers introducing
new products with advanced features that are affordable for all kinds of
customers. The availability of affordable personal healthcare record (PHCR)
services has provided access to these affordable devices for users across the
world. There are many factors driving the growth of the cardiac arrhythmia
monitoring devices market such as the increasing prevalence of cardiovascular
diseases, the rising geriatric population, and technological advancements in
the device manufacturing processes.
ResearchMoz offers an in-depth analysis of the competitive landscape and
the emerging trends for this market, inclusive of market size, and factors
driving the growth in the global cardiac arrhythmia monitoring devices.
Wireless Technology
Drives the Cardiac Arrhythmia Monitoring Devices Market
The manufacturers are focusing on product innovation by leveraging
technologies, the wireless technology is catching up in cardiac care. The new
mobile or smart wearables with ECG can monitor the heart functions right from
anywhere and the patient can also be monitored remotely without having to visit
hospitals and clinics.
These technological advancements in the device manufacturing process to
cater to the digital healthcare sector are also contributing to the growth of
the global cardiac arrhythmia monitoring devices.
The high cost of these devices and the possibility of side effects may
hamper the growth of this market during the forecast period.
Increasing spending on research and development will pave the way for
the expansion of the global cardiac arrhythmia monitoring devices
Atrial Fibrillation
Segment Boost the Sales of Cardiac Arrhythmia Monitoring Devices
With the increasing cases of atrial fibrillation, the globe witnessed
atrial fibrillation 37,574 million atrial fibrillation last year. This
trend will continue in the coming years and would lead to growth opportunities
for cardiac Arrhythmia monitoring devices.
Analysts’ Views
The availability of affordable personal healthcare record (PHCR)
services has provided access to these affordable devices for users across the
world, leading to the expansion of this market.
The hospital and clinics segment is expected to be the largest in terms
of revenue-generating potential due to rising cases of heart diseases in
elderly patients.
North America witnesses the highest number of patients with heart
diseases.
The manufacturers are spending on research and development to introduce
technologically advanced and patient-centric devices.
Regional Overview
According to research, North America is predicted to dominate the
cardiac arrhythmia monitoring devices market over the next few years. U.S.
medical spending has risen 6.4% to $194.2 billion as a result of research and
development spending. The Asia Pacific area is expected to be the fastest
developing market over the forecast period. The increase in the area may be due
to growing geriatric populations and lifestyle ailments resulting in heart
issues. In addition, medical tourism and the introduction of new technologies
in the form of smart wearables that monitor heart problems could also
contribute to the expansion.
Competitive
Landscape
ResearchMoz offers in-depth analyses of the competitive landscape. If
you are thinking about entering this market, this is the right place to start.
Major players make the cardiac arrhythmia monitoring devices market fragmented
and competitive. In addition, manufacturers are focused on introducing new
products with enhanced functionalities and ease-of-use features to target
elderly populations for smooth monitoring.
The prominent players
in the global cardiac arrhythmia monitoring devices market are –
- K.uda
Denshi Co., Ltd
- Medi-Lynx
- Jude
Medical (Abbott)
- Nihon
Kohden Corporation
- Medtronic
- Spacelabs
Healthcare
- Applied
Cardiac Systems
- AliveCor,
Inc.
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