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Global Wearable Heart Monitoring Devices Market Research Report 2023-2032| Medtronic Plc., Koninklijke Philips N.V., Boston Scientific Corporation, Johnson & Johnson Private Limited, Kinetic Products UK Ltd.
Wearable Heart Monitoring Devices Market Share
The Business Research Company's Wearable Heart Monitoring Devices Global Market Report 2023 identifies The increasing incidence of cardiovascular diseases (CVD) as the major driver for the wearable heart monitoring devices market's growth in the forecast period. Cardiovascular diseases that include abnormalities in the heart such as atrial fibrillation, ventricular fibrillation, and atrioventricular block require long-term monitoring. Patients suffering from cardiovascular diseases would be in need of wearable devices that enable continuous heart monitoring which is very crucial to track the heart rate.
The global wearable heart monitoring devices market size is expected to grow from $1.95 billion in 2022 to $2.19 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wearable heart monitoring devices market size is expected to reach $3.43 billion in 2027 at a CAGR of 11.8%.
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Major competitors in the wearable heart monitoring devices market are Medtronic Plc., Koninklijke Philips N.V., Boston Scientific Corporation, Johnson & Johnson Private Limited, Kinetic Products UK Ltd., Beurer GmbH, Medisana AG, Polar Electro Oy, Garmin Ltd., Baxter International Inc., Briggs Healthcare, Zimmer Biomet, 3M, Smith & Nephew Plc., Integra LifeSciences, Abbott Laboratories, and Stryker Corporation.
A key trend in the wearable heart monitoring devices market includes Technological advancements. Major companies operating in wearable heart monitoring devices are introducing innovative products with advanced technologies to strengthen their position in the market. For instance, in February 2021, RhythMedix, a US-based producer of medical equipment, introduced next-generation RhythmStar, a wearable heart monitoring device for arrhythmia detection with built-in-cellular connectivity technology. This new RhythmStar is a discreetly worn device that enables long-term remote monitoring without using a phone or other communication equipment. The technology allows the company's team of certified technicians in the United States to analyze and diagnose cardiac irregularities quickly by alerting clinicians when a potentially dangerous arrhythmia is detected.
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The wearable heart monitoring devices market is segmented -
• By Device Type: Diagnostic And Monitoring Devices, Therapeutic Devices
• By Product Type: Electric Pulse-Based Product, Optical Technology-Based Product
• By Distribution Channel: Pharmacies, Online Channels, Hypermarkets
• By Application: Sports And Fitness, Remote Patient Monitoring, Home Healthcare
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the wearable heart monitoring devices market.
The Business Research Company's "Global Wearable Heart Monitoring Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wearable Heart Monitoring Devices Market Include:
1. Executive Summary
2. Wearable Heart Monitoring Devices Market Characteristics
3. Wearable Heart Monitoring Devices Market Trends And Strategies
4. Wearable Heart Monitoring Devices Market - Macro Economic Scenario
5. Wearable Heart Monitoring Devices Market Size And Growth
……
26. Africa Wearable Heart Monitoring Devices Market
27. Wearable Heart Monitoring Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wearable Heart Monitoring Devices Market
29. Wearable Heart Monitoring Devices Market Future Outlook and Potential Analysis
30. Appendix
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