Press release
Heart Monitoring Devices Market Valuation Is Projected to Reach US$ 45 Billion by 2033
Heart monitoring devices are medical instruments or tools used to monitor and record the electrical activity of the heart over a specific period. These devices are essential in diagnosing and assessing various heart conditions, such as arrhythmias, myocardial infarction, and other cardiac abnormalities. They play a crucial role in the early detection and management of cardiovascular diseases, aiding healthcare professionals in making accurate diagnoses and providing appropriate treatment plans.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ::https://www.factmr.com/connectus/sample?flag=S&rep_id=8802?PJ
๐๐๐ฒ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ:
๐๐ซ๐๐ฏ๐๐ฅ๐๐ง๐๐ ๐จ๐ ๐๐๐ซ๐๐ข๐จ๐ฏ๐๐ฌ๐๐ฎ๐ฅ๐๐ซ ๐๐ข๐ฌ๐๐๐ฌ๐๐ฌ: 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.
๐๐ ๐ข๐ง๐ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง: 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.
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ: Advances in sensor technology, wireless communication, and data analytics have led to the development of more accurate and user-friendly heart monitoring devices.
๐๐๐ฆ๐จ๐ญ๐ ๐๐๐ญ๐ข๐๐ง๐ญ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ : 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.
๐๐ซ๐๐ฏ๐๐ง๐ญ๐ข๐ฏ๐ ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐: Increased awareness about preventive healthcare has led individuals to monitor their heart health proactively, driving the demand for consumer-grade heart monitoring devices.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โข The global heart monitoring devices market is valued at US$ 25 billion in 2023.
โข Worldwide sales of heart monitoring devices are predicted to rise at a CAGR of 6% from 2023 to 2033.
โข Global heart monitoring device demand is set to reach a market value of US$ 45 billion by 2033.
โข North America leads the global market with 40% share in 2023.
โข 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
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ
โข Stryker Corporation
โข Medtronic
โข Bexen Cardio
โข Zoll Medical Corporation
โข Abbott Laboratories
โข AliveCor, Inc.
โข Boston Scientific Corporation
โข GE Healthcare
โข iRhythm Technologies, Inc.
โข TZ Medical Inc.
โข Biotronik, Inc.
๐๐ข๐ง๐ง๐ข๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ
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,
โข 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.
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐๐๐๐ซ๐ญ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ
โข ๐๐ฒ ๐๐ฒ๐ฉ๐:
โข Electrocardiogram (ECG) Monitors
โข Insertable Cardiac Monitors (ICM)
โข Holter Monitoring Devices
โข Event Recorders
โข Mobile Cardiac Telemetry (MCT) Devices
โข Smart Wearable Monitors
โข Portable Heart Monitors
โข Heart Beat Measuring Instruments
โข Others
โข ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
โข Bradycardia
โข Tachycardia
โข Arrhythmia
โข Atrial & Ventricular Fibrillation
โข Others
โข ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ:
โข Hospitals & Clinics
โข Ambulatory Surgical Centers
โข Home Care Settings
โข ๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
โข North America
โข Europe
โข Asia Pacific
โข Latin America
โข Middle East & Africa
๐๐จ๐ซ๐ ๐๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ง ๐๐๐๐๐ซ
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).
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
๐๐๐๐ซ๐๐๐ฅ๐ ๐๐๐ฏ๐ข๐๐๐ฌ: 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.
๐๐๐ฆ๐จ๐ญ๐ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: Healthcare providers are adopting remote monitoring solutions that enable them to track patients' heart health data remotely, facilitating early intervention and personalized care.
๐๐ง๐ญ๐๐ ๐ซ๐๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐จ๐๐ข๐ฅ๐ ๐๐ฉ๐ฉ๐ฌ: 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.
๐๐จ๐ง๐ -๐๐๐ซ๐ฆ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ : Implantable heart monitoring devices, such as cardiac event monitors and implantable loop recorders, provide long-term monitoring for patients with irregular heart rhythms.
๐๐ ๐๐ง๐ ๐๐๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ: Artificial intelligence (AI) and data analytics are being integrated into heart monitoring devices to provide more accurate insights and predictions about heart health.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:https://www.factmr.com/connectus/sample?flag=RC&rep_id=8802?PJ
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