Press release
Cardiac AI Monitoring And Diagnostics Market Set to Reach 5.54 Billion by 2029 with 26.6% Yearly Growth
Cardiac AI Monitoring And Diagnostics Market Size
The cardiac AI monitoring and diagnostics market has seen exponential growth recently. It is projected to grow from $1.71 billion in 2024 to $2.16 billion in 2025 at a CAGR of 26.4%. This growth can be linked to the aging population, increased remote patient monitoring, rising healthcare expenditure, clinical research and validation studies, and a focus on preventive healthcare.
The cardiac AI monitoring and diagnostics market is projected to grow to $5.54 billion by 2029, with a CAGR of 26.6%. Growth is attributed to wearable devices, telemedicine adoption, predictive modeling, and patient-centered care. Major trends include AI integration with wearables, personalized treatment plans, and predictive analytics for cardiovascular events.
What Are the Forces Behind the Rapid Growth of the Cardiac AI Monitoring And Diagnostics Market?
The increasing prevalence of cardiovascular diseases is expected to drive the growth of the cardiac AI monitoring and diagnostics market. With millions affected by heart diseases, the demand for AI-powered diagnostics to detect and manage cardiovascular conditions is rising. This technology helps healthcare providers deliver early interventions and better patient outcomes.
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Who Are the Dominant Companies Influencing Cardiac AI Monitoring And Diagnostics Market Trends?
Major companies operating in the cardiac ai monitoring and diagnostics market report are Abbott Laboratories, Medtronic plc, Siemens Healthineers AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Boston Scientific Corporation, ZOLL Medical Corporation, Canon Medical Systems Corporation, Biotronik SE & Co. KG, iRhythm Technologies Inc., Tempus Labs Inc., Viz.ai Inc., HeartFlow Inc., Aidoc, Eko Devices Inc., CardioFocus Inc., Circle Cardiovascular Imaging Inc., Ultromics Limited., Cathworks, Medicalgorithmics S.A., Nanox.AI Ltd, Cardiac Insight Inc., CardioSecur GmbH, Cardionomic Inc., HeartSciences, CardioComm Solutions Inc., CardioDiagnostics Inc.
How Is the Cardiac AI Monitoring And Diagnostics Market Evolving?
Leading companies in the cardiac AI monitoring and diagnostics market are focusing on developing technology-driven medical devices, such as AI-based implantable cardiac monitors, to strengthen their market position. AI-powered implantable cardiac monitors continuously track heart function. For example, in May 2023, Biotronik, a Germany-based cardiovascular technology company, announced that the US Food and Drug Administration (FDA) had approved the BIOMONITOR IV implantable cardiac monitor (ICM). The BIOMONITOR IV uses Biotronik's innovative SmartECG algorithm, which eliminates 86% of false identifications while maintaining 98% accuracy for real episodes. This technology improves detection accuracy for healthcare professionals, reducing false positives and enabling quick, precise diagnoses of cardiac conditions. In addition to SmartECG, the BIOMONITOR IV is the first ICM to distinguish between premature ventricular contractions (PVCs) and premature atrial contractions (PACs).
What Are the Different Segmentations in the Cardiac AI Monitoring And Diagnostics Market?
The cardiac ai monitoring and diagnostics market covered in this report is segmented -
1) By Type: Cardiac Diagnostics, Cardiac Monitoring
2) By Product: Software, Hardware
3) By Application: Ischemic Heart Diseases Or Coronary Artery Disease (CAD), Cardiac Arrhythmias, Ischemic Stroke, Other Applications
4) By End Users: Hospitals, Diagnostic Centers, Other End Users
Subsegments:
1) By Cardiac Diagnostics: ECG Analysis, Echocardiography Analysis, Cardiac Imaging, Biomarker Analysis
2) By Cardiac Monitoring: Wearable Cardiac Monitors, Remote Patient Monitoring Systems, Implantable Cardiac Devices, Continuous ECG Monitoring Systems
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Which Region Is at the Forefront of the Cardiac AI Monitoring And Diagnostics Market?
North America was the largest region in the cardiac AI monitoring and diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiac ai monitoring and diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cardiac AI Monitoring And Diagnostics Global Market Report?
- Market Size Analysis: Analyze the Cardiac AI Monitoring And Diagnostics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cardiac AI Monitoring And Diagnostics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cardiac AI Monitoring And Diagnostics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cardiac AI Monitoring And Diagnostics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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