Heart Monitoring Devices Market Is Forecasted To Increase At A CAGR Of 6% By 2033

The market for cardiac monitoring devices is expected to grow from its current value of US$ 25 billion in 2023 to US$ 45 billion by 2033. The market for cardiac monitoring devices is anticipated to grow globally between 2023 and 2033 at a CAGR of 6%.

The electrical activity of the heart is monitored and recorded using cardiac monitoring devices, which are medical tools or gadgets. These tools are crucial for identifying and evaluating a variety of heart disorders, including arrhythmias, myocardial infarction, and other anomalies. They are essential in the early diagnosis and treatment of cardiovascular illnesses, assisting medical practitioners in giving precise diagnoses and effective treatment regimens.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭::https://www.factmr.com/connectus/sample?flag=S&rep_id=8802?PJ

𝐊𝐞𝐲 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐏𝐫𝐞𝐯𝐚𝐥𝐞𝐧𝐜𝐞 𝐨𝐟 𝐂𝐚𝐫𝐝𝐢𝐨𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐃𝐢𝐬𝐞𝐚𝐬𝐞𝐬: Cardiovascular diseases remain a leading cause of death globally. The increasing prevalence of heart conditions drives the demand for heart monitoring devices for early diagnosis and management.

𝐀𝐠𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧: The aging population is more susceptible to heart-related issues, leading to a higher demand for heart monitoring devices that aid in continuous health monitoring and early detection.

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬: Advances in sensor technology, wireless communication, and data analytics have led to the development of more accurate and user-friendly heart monitoring devices.

𝐑𝐞𝐦𝐨𝐭𝐞 𝐏𝐚𝐭𝐢𝐞𝐧𝐭 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠: The trend toward remote patient monitoring and telemedicine has boosted the adoption of wearable heart monitoring devices that allow patients to track their heart health from home.

𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐯𝐞 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞: Increased awareness about preventive healthcare has led individuals to monitor their heart health proactively, driving the demand for consumer-grade heart monitoring devices.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

• The global heart monitoring devices market is valued at US$ 25 billion in 2023.
• Worldwide sales of heart monitoring devices are predicted to rise at a CAGR of 6% from 2023 to 2033.
• Global heart monitoring device demand is set to reach a market value of US$ 45 billion by 2033.
• North America leads the global market with 40% share in 2023.
• Holter monitoring devices account for 50% share of the global market in 2023.

"Demand for heart monitoring devices in hospitals is being driven by increasing need for accurate and timely cardiac arrhythmia diagnosis as well as the availability of qualified healthcare professionals and specialized cardiac monitoring units. Easy accessibility of reimbursement policies for cardiac implants and growing usage of monitoring devices in response to an increase in hospitalizations are also driving market growth," says a Fact.MR analyst

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭

• Stryker Corporation
• Medtronic
• Bexen Cardio
• Zoll Medical Corporation
• Abbott Laboratories
• AliveCor, Inc.
• Boston Scientific Corporation
• GE Healthcare
• iRhythm Technologies, Inc.
• TZ Medical Inc.
• Biotronik, Inc.

𝐖𝐢𝐧𝐧𝐢𝐧𝐠 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲

According to this latest study by Fact.MR, a market research and competitive intelligence provider, key manufacturers are focusing on developing compact, lightweight, and wearable heart monitoring devices to enhance patient comfort and compliance. To create cutting-edge technology and increase their revenue shares, major firms are spending on R&D.
For instance,

• In 2020, a direct-to-patient telecardiology service was introduced by Coala Life. The product is an electrocardiogram (ECG) monitor that runs on a smartphone without a patch and can identify the most prevalent cardiac arrhythmias in real-time.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐇𝐞𝐚𝐫𝐭 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭

• 𝐁𝐲 𝐓𝐲𝐩𝐞:
• Electrocardiogram (ECG) Monitors
• Insertable Cardiac Monitors (ICM)
• Holter Monitoring Devices
• Event Recorders
• Mobile Cardiac Telemetry (MCT) Devices
• Smart Wearable Monitors
• Portable Heart Monitors
• Heart Beat Measuring Instruments
• Others

• 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:
• Bradycardia
• Tachycardia
• Arrhythmia
• Atrial & Ventricular Fibrillation
• Others

• 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:
• Hospitals & Clinics
• Ambulatory Surgical Centers
• Home Care Settings

• 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the global heart monitoring devices market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the heart monitoring devices market based type (electrocardiogram (ECG) monitors, insertable cardiac monitors (ICM), holter monitoring devices, event recorders, mobile cardiac telemetry (MCT) devices, smart wearable monitors, portable heart monitors, heart beat measuring instruments, others), application (bradycardia, tachycardia, arrhythmia, atrial & ventricular fibrillation, others), and end user (hospitals & clinics, ambulatory surgical centers, home care settings), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

𝐖𝐞𝐚𝐫𝐚𝐛𝐥𝐞 𝐃𝐞𝐯𝐢𝐜𝐞𝐬: Wearable heart monitoring devices, such as smartwatches and fitness trackers with heart rate monitoring capabilities, have gained popularity due to their convenience and continuous monitoring features.

𝐑𝐞𝐦𝐨𝐭𝐞 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Healthcare providers are adopting remote monitoring solutions that enable them to track patients' heart health data remotely, facilitating early intervention and personalized care.

𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐌𝐨𝐛𝐢𝐥𝐞 𝐀𝐩𝐩𝐬: Many heart monitoring devices are compatible with mobile apps that allow users to track and analyze their heart health data, encouraging active participation in their own healthcare.

𝐋𝐨𝐧𝐠-𝐓𝐞𝐫𝐦 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠: Implantable heart monitoring devices, such as cardiac event monitors and implantable loop recorders, provide long-term monitoring for patients with irregular heart rhythms.

𝐀𝐈 𝐚𝐧𝐝 𝐃𝐚𝐭𝐚 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬: Artificial intelligence (AI) and data analytics are being integrated into heart monitoring devices to provide more accurate insights and predictions about heart health.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:https://www.factmr.com/connectus/sample?flag=RC&rep_id=8802?PJ

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E Mail : sales@factmr.com

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.