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Leading Element Driving Change in the Cardiac AI Monitoring And Diagnostics Market in 2025: Role Of Cardiac AI Monitoring And Diagnostics In Addressing The Rising Prevalence Of Cardiovascular Diseases Driver
How Are the key drivers contributing to the expansion of the cardiac ai monitoring and diagnostics market?The escalating incidence of cardiovascular diseases is projected to spur the progress of cardiac AI monitoring and diagnostic interventions. Cardiovascular diseases (CVDs), encompassing conditions like cerebrovascular disease, coronary heart disease, rheumatic heart disease, and more, are disorders impacting the heart and blood vessels. Cardiac AI monitoring and diagnostic tools aid in the timely detection, risk calculation, and customised treatment of cardiovascular ailments, consequently enhancing patient results. For example, the British Heart Foundation, a UK-based charity focusing on cardiovascular research, disclosed in September 2024 that almost 7.6 million people in the UK are grappling with heart and circulatory diseases. Roughly 4 million of these are men, and around 3.6 million are women. These diseases account for approximately 27% of overall deaths in the UK, equating to more than 170,000 deaths per year or nearly 480 daily deaths - equivalent to a death every three minutes. Thus, the escalating incidence of cardiovascular diseases is propelling the cardiac AI monitoring and diagnostics market.
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What growth opportunities are expected to drive the cardiac ai monitoring and diagnostics market's CAGR through 2034?
The market size for cardiac AI monitoring and diagnostics has seen an exponential expansion in the recent past. It's projected to escalate from $1.71 billion in 2024 to $2.16 billion in 2025, experiencing a compound annual growth rate (CAGR) of 26.4%. Several factors have led to this growth during the historic period including the aging population, the surge in remote patient monitoring, augmented healthcare spend, clinical research along with validation studies, and an emphasis on precautionary healthcare.
Expectations are high for a significant expansion in the cardiac ai monitoring and diagnostics market in the coming years. It is projected to reach a valuation of $5.54 billion by 2029, with an impressive compound annual growth rate (CAGR) of 26.6%. The surge in this period is due to several factors including increased usage of wearable and IoT devices, rising preference for telemedicine and remote monitoring, the integration of big data analytics and predictive modeling, a focus on patient-oriented care and distant patient engagement, and the advancement in healthcare infrastructure. Key trends to watch during this forecast period involve the merging of AI technology with wearable devices, customized risk evaluation and treatment planning, predictive analytics for cardiovascular events, the incorporation of multiple data sources, and standards for interoperability and data integration.
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What are the most significant trends transforming the cardiac ai monitoring and diagnostics market today?
Important players in the cardiac AI monitoring and diagnostics industry are focusing on creating technologically advanced medical devices, like AI-based implantable cardiac monitors, to enhance their market standing. These AI-embedded implantable cardiac monitors are utilized for continuous tracking of heart functions. For instance, in May 2023, Biotronik, a cardiovascular biomedical research and technology firm from Germany, made a declaration concerning the approval of their BIOMONITOR IV implantable cardiac monitor (ICM) by the US Food and Drug Administration (FDA). The BIOMONITOR IV ICM utilizes BIOTRONIK's pioneering SmartECG algorithm, an AI-fueled technology that eradicates 86% of incorrect identifications while preserving 98% of genuine episodes. This groundbreaking innovation increases detection precision for medical practitioners, reducing the number of false positives and aiding in rapid and exact diagnosis of certain cardiac conditions. Additionally, BIOMONITOR IV is distinctive for being the first ICM capable of differentiating between premature ventricular contractions (PVCs) and premature atrial contractions (PACs).
Which growth-oriented segments of the cardiac ai monitoring and diagnostics market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the cardiac ai monitoring and diagnostics market?
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.
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What Is Covered In The Cardiac AI Monitoring And Diagnostics Global Market Report?
• Market Size Forecast: Examine the cardiac ai monitoring and diagnostics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cardiac ai monitoring and diagnostics market for a structured understanding.
• Key Players Overview: Analyze major players in the cardiac ai monitoring and diagnostics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cardiac ai monitoring and diagnostics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cardiac ai monitoring and diagnostics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cardiac ai monitoring and diagnostics market.
• Industry Challenges: Identify potential risks and obstacles affecting the cardiac ai monitoring and diagnostics market.
• Competitive Landscape: Review strategic developments in the cardiac ai monitoring and diagnostics market, including expansions, agreements, and new product launches.
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