Global Arrhythmia Monitoring Devices Market Comprehensive Study: Forecasted Market Size And Growth Rate

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2103

The Business Research Company offers in-depth market insights through Arrhythmia Monitoring Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The arrhythmia monitoring devices market size has grown rapidly in recent years. It will grow from $6.98 billion in 2023 to $7.7 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to aging population, healthcare infrastructure growth, rise in personalized medicine, rise in home healthcare, increased funding.

The arrhythmia monitoring devices market size is expected to see strong growth in the next few years. It will grow to $11.08 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising cardiovascular diseases, telemedicine growth, regulatory approvals, rise in remote patient monitoring, economic growth. Major trends in the forecast period include wearable technology advancements, use of artificial intelligence and machine learning, patient-centric solutions, iot integration, preventive healthcare and health tracking.

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Market Segmentation:
The main types of arrhythmia monitoring devices are ECG, implantable monitors, holter monitors and mobile cardiac telemetry. ECG is used to detect electrical impulses generated by the heart. An electrocardiogram (ECG or EKG) is a device that measures the electrical signal from the heart to diagnose various cardiac problems. The different applications of arrhythmia monitoring devices include bradycardia, tachycardia, atrial fibrillation, ventricular fibrillation, premature contraction and other applications. Arrhythmia monitoring devices are used by end-users including hospitals and diagnostic centers, ambulatory centers and other end users.

Major Driver - Elevating Demand For Arrhythmia Monitoring Devices Fueled By Rising Cardiovascular Disease Rates
The rising incidence of cardiovascular diseases is expected to drive the arrhythmia monitoring devices market. Cardiovascular disease (CVD) refers to disorders that affect the heart or blood vessels. Arrhythmia monitoring devices are used to monitor irregular heart rates, which is the primary symptom of most cardiovascular diseases. An increase in the incidence of cardiovascular diseases increases the need for arrhythmia monitoring devices. For instance, in August 2022, the American College of Cardiology, a US-based nonprofit medical association published an article according to which the projected rates of cardiovascular risk factors and disease will increase significantly in the United States from the year 2025 to 2060. Factors such as heart failure will increase by 33.4% and ischemic heart disease will increase by 30.7% by the year 2060. Therefore, the rising incidence of cardiovascular diseases will drive the arrhythmia monitoring devices market.

Competitive Landscape:
Major companies operating in the arrhythmia monitoring devices market include Abbott Laboratories, Medtronic plc, Biotronik Inc., Hill-Rom Services Inc., iRhythm Technologies Inc., GE HealthCare Technologies Inc., Koninklijke Philips NV, ACS Diagnostics Inc., AliveCor Inc., Medi-Lynx Cardiac Monitoring LLC, Welch Allyn Inc., Spacelabs Healthcare Inc., Fukuda Denshi Co. Ltd., Applied Cardiac Systems Inc., BIOTRONIK SE & Co. KG, Hill-Rom Holdings Inc., Nihon Kohden Corporation, CardioNet LLC, Bardy Diagnostics Inc., BioTelemetry Inc., Boston Scientific Corporation, CardioComm Solutions Inc., Cardiac Insight Inc., Cardiac Science Corporation, Johnson & Johnson, Preventice Solutions Inc., Qardio Inc., ZOLL Medical Corporation, Stryker Corporation, Drägerwerk AG & Co. KGaA, Mindray Medical International Limited, Cardinal Health Inc., Physio-Control Corporation

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Top Trend - Impact Of Technology On Advancing The Arrhythmia Monitoring Devices Market
Technological advancements are a key trend in the arrhythmia monitoring devices market. Major companies operating in the arrhythmia monitoring devices market are integrating novel technologies such as AI, detection technologies, and others to increase accuracy and manage data efficiently. For instance, in January 2021, SmartCardia SA, a Switzerland-based platform that combines medical wearable technology with AI, launched a cloud-based AI platform and patch for real-time patient monitoring. The AI platform performs real-time detection of significant arrhythmia episodes with cardiologist-level accuracy and is built from millions of ECG segments labelled by cardiologists and qualified cardiac technicians. Clinicians and hospital personnel can take quick action with the data because it is accessible in real-time on a secure cloud.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Arrhythmia Monitoring Devices Market Characteristics
3. Arrhythmia Monitoring Devices Market Trends And Strategies
4. Arrhythmia Monitoring Devices Market - Macro Economic Scenario
5. Arrhythmia Monitoring Devices Market Size And Growth
…..
27. Arrhythmia Monitoring Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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