Cardiac Arrhythmia Monitoring Devices Market Size to Surpass Around USD 10.3 billion by 2031 | AliveCor, Biotronik, Biotricity, GE Healthcare, iRhythm Technologies

The global cardiac arrhythmia monitoring devices market was valued at USD 6.4 billion in 2021 and it is anticipated to grow up to USD 10.3 billion by 2031, at a CAGR of 5.5% during the forecast period.

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Cardiac arrhythmia monitoring devices are mainly used for monitoring patients with high risk of arrhythmic conditions. These devices help healthcare professionals in monitoring irregular heartbeat for better diagnosis and treatment of CVD patients to reduce associated mortalities.

Market Trends and Drivers

Development of technologically advanced monitoring devices including wireless monitors that offers benefit of early detection is expected to augment the industry growth. The use of cardiac rhythm monitoring (CRM) devices has significantly surged in the recent years due to rising life expectancy and constant advancements that have extended their abilities and scope.

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Recent developments in CRM devices are positively impacting the rate of product approval in developed markets that will further strengthen the industry growth potential. For instance, Medtronic has received approval for its exclusive device named CareLink SmartSync Device Manager that assists healthcare professionals to program and handle data from its BlueSync-equipped implanted CRM device. Thus, aforementioned industry developments are anticipated to impel the market expansion.

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Cardiac Arrhythmia Monitoring Devices Market Segmentation

By Product

Holter Monitor
Event Recorder
Mobile Cardiac Telemetry
Implantable Cardiac Monitor
Electrocardiogram (ECG) Monitor
Others
By Application

Tachycardia
Bradycardia
Premature Contraction
Others

By End-user

Hospitals and Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Homecare Settings
Others

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Major Players in the Global Cardiac Arrhythmia Monitoring Devices Market

The key players in the cardiac arrhythmia monitoring devices market are Applied Cardiac Systems, AliveCor, Biotronik, Biotricity, GE Healthcare, iRhythm Technologies, Koninklijke Philips N.V., Medtronic plc., Nihon Kohden Corporation, and St. Jude Medical, among others.

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