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Growing Cases of Cardiovascular Diseases Fuels the Growth of the Wearable Cardiac Devices Market
Research Dive
During this unpredicted situation, we are helping our clients in understanding the impact of COVID19 on the global market.
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Technological Impact
Social Impact
Investment Opportunity Analysis
Pre- & Post-COVID Market Scenario
Infrastructure Analysis
Supply Side & Demand Side Impact
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According to a study conducted by Research Dive, the global wearable cardiac devices market is expected to register a revenue of $7,733.1 million till 2027, growing at a rate of 26.5% CAGR during, 2019-2027. The global market is classified Depending on Product, application field, and end use. The report provides detailed information about drivers, opportunities, restraints, segmental analysis and competitive players of the market.
Factors Affecting the Market Growth
As per our analyst, rising incidents of cardiovascular diseases are predicted to be the biggest driving factor for the market in the estimated period. Moreover, issues with data accuracy is predicted to hinder the market in the forecast period.
Patch Segment is predicted to have Maximum Growth Rate
Depending on product, the wearable cardiac devices market is divided into holter monitors, patch, defibrillator and others. Patch segment is predicted to grow at a CAGR of 27.0% by generating a revenue of $3,193.8 million by 2027. Rise in cardiovascular diseases and rising awareness among the people for timely monitoring of physical health is predicted to drive the segment in the forecast period,
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Home Healthcare Segment is predicted to have the Highest Market Share
Depending on component, the wearable cardiac devices market is divided into home healthcare, remote patient monitoring and others. Home healthcare is predicted to grow at a CAGR of 27.2% by generating a revenue of $ 3,070.1 million by 2027. Growing advancement in technology and increase in the elderly population is projected to boost the segment in the estimated timeframe.
Regional Breakdown of the Market
Depending on region, the wearable cardiac devices market is divided into North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific region market is predicted grow at a CAGR of 26.7% by generating a revenue of $2,358.6 million by 2027. Presence of large number of manufacturing and pharmaceutical companies is predicted to drive the segment in the estimated timeframe. Moreover, increasing investment in research and development by majorities of the company is foreseen to boost the market in the projected timeframe.
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Top Companies Leading the Market
Top 10 Prominent players operating in the Global Wearable Cardiac Devices Market include:
1. Nuubo
2. custo med GmbH
3. Proteus Digital Health
4. iRhtythm Technologies Inc
5. Cardiac Rhythm
6. ZOLL Medical Corporation
7. Proteus Digital Health
8. Qardio Inc.
9. Biotelemetry Inc.
10. Hillrom Services Inc.
Mr. Abhishek Paliwal
Research Dive
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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