Remote Cardiac Monitoring Market Predicted to Garner Revenue of US$ 31,671.69 million at a CAGR of 30.3% by 2028

Remote cardiac monitoring devices enable continuous monitoring of electrical activities of the 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.

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.

The Remote Cardiac Monitoring market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.

List of Companies operating in this report are:
• OSI Systems, Inc.
• GE Healthcare
• Nihon Kohden Corporation
• Abbott Laboratories
• Boston Scientific Corporation
• Koninklijke Philips N.V.
• Honeywell International, Inc.
• AMC Health

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Furthermore, the market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

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

Market Insights:
Increase in Incidence of Cardiovascular Diseases:
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. According to reports by the European Society of Cardiology, CVDs cause 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU). Moreover, they account for 45% of all deaths in Europe and 37% of total deaths in the EU. Mortalities caused by CVDs in the Asia-Pacific countries range from less than 20% in countries such as Thailand, the Philippines, and Indonesia to 20-30% in urban China, Hong Kong, Japan, Korea, and Malaysia. Furthermore, New Zealand, Australia, and Singapore, among others, have relatively high rates of 30-35%.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Remote Cardiac Monitoring market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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Several market forces such as drivers and restraints and political, social, economic and technological advancements help shape up the industry in specific manner. All such forces are studied in detail to arrive at a market forecast which can help build the investment strategies in Remote Cardiac Monitoring market.

Essential points covered in Remote Cardiac Monitoring market report are:-
1 What will the market size and the growth rate be in 2028?
2 What are the key growth stimulants of Remote Cardiac Monitoring market?
3 What are the key market trends impacting Remote Cardiac Monitoring market valuation?
4 What are the challenges to market proliferation?
5 Who are the key vendors in the Remote Cardiac Monitoring market?
6 Which are the leading companies contributing to Remote Cardiac Monitoring market valuation?
7 What was the market share held by each region in 2028?
8 What is the estimated growth rate and valuation of Remote Cardiac Monitoring market in 2028?

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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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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