Remote Cardiac Monitoring Market: Increase in Incidence of Cardiovascular Diseases

Remote cardiac monitoring devices enable a continuous monitoring of electrical activities of heart away from hospitals. They also allow the at-home electrocardiographic (ECG) monitoring of patients with suspected cardiac arrhythmias or at risk for developing arrhythmias. The monitoring can also be performed when patients are engulfed in their day-to-day activities. Thus, one of the most important benefits of remote cardiac device monitoring is it decreases the need for routine doctor visits. Devices such as pacemakers and implantable cardioverter-defibrillator are implanted in the heart of the patients through minimally invasive procedures. A transmitter that works in sync with the device undertakes the transmission of data. Factors such as increase in the incidence of cardiovascular diseases (CVDs) and continuous developments in the telemedicine approach boost the growth of the remote cardiac monitoring market. However, the concerns regarding data privacy hamper the market growth.

The remote cardiac monitoring market is projected to reach US$ 31,671.69 million by 2028 from US$ 4,976.40 million in 2021; it is estimated to grow at a CAGR of 30.3% from 2021 to 2028.

Request for sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPRE00024441/?utm_source=OpenPR&utm_medium=10144

OSI Systems, Inc.; GE Healthcare; Nihon Kohden Corporation; Abbott Laboratories; Boston Scientific Corporation; Koninklijke Philips N.V.; Honeywell International, Inc.; and AMC Health are a few of the leading companies operating in the remote cardiac monitoring market.

Based on product type, the remote cardiac monitoring market is further segmented into devices, software and services. The devices segment held the largest market share in 2021. The growth of the market for this segment is attributed to increase in the incidence of cardiovascular diseases, which is the leading cause of death worldwide.

Remote patient monitoring (RPM) allows patients to manage their health better by increasing their involvement in their health care. The American Heart Association supports initiatives to incentivize the design and use of evidence-based remote patient monitoring technologies. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are among the leading causes of death worldwide, and ~30 million people experience a stroke each year. According to the American Heart Association, almost half of all adults in the US have a type of CVD. Furthermore, more than 130 million people, i.e., 45.1% of the US population, are projected to have a type of CVD by 2035.

Hypertension is a significant risk factor for CVDs. The age-adjusted prevalence of hypertension among adults in the US is ~35%, equaling the population of ~85 million. By 2035, ~42% of adults from the country, i.e., an additional 27 million, would have this condition. The cost burden of hypertension on economies is also rising, and the costs are likely to soar from ~US$ 70 billion in 2015 to ~US$ 150 billion by 2035.

Remote Cardiac Monitoring Market – by Product Type

Devices
Software
Services
Remote Cardiac Monitoring Market – by End User

Hospitals and Clinics
Emergency Settings
Homecare Settings
Others
Remote Cardiac Monitoring Market – by Geography

• North America

US
Canada
Mexico
• Europe

France
Germany
Italy
UK
Spain
Rest of Europe
• Asia Pacific (APAC)

China
India
South Korea
Japan
Australia
Rest of Asia Pacific
• Middle East & Africa (MEA)

South Africa
Saudi Arabia
UAE
Rest of Middle East & Africa
• South & Central America (SCAM)

Brazil
Argentina
Rest of South and Central America

Buy Complete Report @ https://www.theinsightpartners.com/buy/TIPRE00024441/?utm_source=OpenPR&utm_medium=10144

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense, Food & beverage, Chemical and Materials, Semiconductors etc.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.