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Cardiac Monitoring Devices Market is Expected to Reach Huge Growth by 2031 - ADM, Cargill Inc., Danisco A/S, Tate & Lyle, Ingredion

09-06-2024 01:16 PM CET | Health & Medicine

Press release from: DataM Intelligence 4 Market Research LLP

Cardiac Monitoring Devices Market || 2024-2031

Cardiac Monitoring Devices Market || 2024-2031

The Cardiac Monitoring Devices Market was valued at USD 7,696.50 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.90% during the forecast period from 2024 to 2031.

Cardiac monitoring devices are used for the continuous tracking of a patient's heart's electrical activity, captured through pressure waveforms. These devices monitor heart function either continuously or intermittently, often using electrocardiography. They play a crucial role in diagnosing heart irregularities and are essential in treating serious cardiac conditions such as heart failure and atrial fibrillation.

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Market Dynamics:

The global cardiac monitoring devices market is experiencing growth due to the rising prevalence of heart diseases, an aging population highly prone to coronary conditions, and advancements in technology that enhance device efficiency and reduce infection risks.

The increasing demand for home-based, point-of-care, and remote cardiac monitoring systems is also fueling market expansion. Technological innovations now enable more sophisticated remote monitoring of heart failure, allowing for early detection, improved adherence to lifestyle changes, and timely interventions, which reduce hospitalization needs. As per the World Health Organization (WHO), cardiovascular disease (CVD) is the leading global cause of death, with around 30 million heart attacks or strokes occurring annually. The American Heart Association estimates that nearly half of U.S. adults currently have some form of CVD, a number expected to rise to over 130 million by 2035.

Segment Covered in the Cardiac Monitoring Devices Market:

By Product Type: Resting ECG Devices, Stress ECG Devices, ECG Holter Monitors, Event Monitoring Systems, Implantable Loop Recorders, Cardiac Output Monitoring Devices, Mobile Cardiac Telemetry Devices, Others

By End User: Hospitals, Market Size Analysis, Ambulatory Surgical Centers, Others

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Major Key players involved in Cardiac Monitoring Devices Market:

• Medtronic PLC
• Abbott Laboratories
• Boston Scientific Corporation
• GE Healthcare
• iRhythm Technologies Inc
• Biotronik
• Livanova
• Hill-Rom Holdings
• Schiller
• Biotelemetry

Regional Analysis:

The global Cardiac Monitoring Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The Cardiac Monitoring Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Transradial Access Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Related Reports:

Cardiac Holter Monitor Market: https://www.datamintelligence.com/research-report/cardiac-holter-monitor-market

Wearable Heart Monitoring Devices Market: https://www.datamintelligence.com/research-report/wearable-heart-monitoring-devices-market

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Company Name: DataM Intelligence
Contact Person: Sai Kiran
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