Arrhythmia Monitoring Devices Market Expected to Achieve 10.1% CAGR by 2029: Growth Forecast Insights

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How Large Will the Arrhythmia Monitoring Devices Market Size By 2025?
In recent times, there has been a significant growth in the market size of arrhythmia monitoring devices. The market, which was worth $7.5 billion in 2024, is projected to reach $8.21 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.5%. Factors such as an aging population, development of healTH*Care infrastructure, an increase in personalized medicine, a rise in home healTH*Care, and augmented funding have contributed to the growth experienced in the historic period.

How Big Is the Arrhythmia Monitoring Devices Market Size Expected to Grow by 2029?
In the coming years, the market size for arrhythmia monitoring devices is anticipated to witness significant growth, reaching $12.05 billion in 2029 with a compound annual growth rate (CAGR) of 10.1%. Several factors contribute to this predicted growth during the forecast period, such as an increase in cardiovascular diseases, expansion of telemedicine, the granting of regulatory approvals, a surge in remote patient monitoring and economic development. Key trends predicted for the forecast period include improvements in wearable technology, the application of artificial intelligence and machine learning, patient-focused solutions, integration with the Internet of Things (IoT), and a rise in preventive healTH*Care and health tracking.

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Which Key Market Drivers Powering Arrhythmia Monitoring Devices Market Expansion and Growth?
The escalating number of cardiovascular illnesses are anticipated to propel the arrhythmia monitoring devices market. These disorders, known as Cardiovascular disease (CVD), affect the heart or the blood vessels. Arrhythmia monitoring devices play a crucial role in tracking irregular heart rhythms, which are primary indicators of most cardiovascular diseases. Consequently, the rising prevalence of cardiovascular diseases amplifies the demand for these monitoring devices. For example, in August 2022, the American College of Cardiology, which is a renowned nonprofit medical association based in the US, released an article. This article projected a significant surge in the rates of cardiovascular risk factors and diseases in the US from 2025 through 2060. It was estimated heart failure would see an increase of 33.4% and ischemic heart disease would swell by 30.7% by the year 2060. Hence, the burgeoning number of cardiovascular diseases will spur the demand in the arrhythmia monitoring devices market.

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Which Fast-Growing Trends Are Poised to Disrupt the Arrhythmia Monitoring Devices Market?
Progress in technology is forming a significant trend in the arrhythmia monitoring devices market. Leading firms in this market are incorporating new technologies like AI, detection techniques, and more to boost precision and manage data more effectively. For example, in September 2024, the digital healTH*Care firm based in the US, iRhythm Technologies, acquired Japanese Regulatory Approval for its Zio ECG Monitoring System. The Zio system signifies a remarkable advancement in cardiac arrhythmia diagnostics, surpassing the traditional Holter monitoring in terms of clinical accuracy, and providing physicians enhanced capabilities for accurate initial diagnostics. The deep learning technology utilized by iRhythm is capable of correctly classifying a multitude of distinct arrhythmias, matching the diagnostic performance of cardiologists. Utilization of this service in clinical settings potentially minimises misdiagnosed computerized ECG interpretations, thereby boosting overall clinical efficiency.

What Are the Emerging Segments in the Arrhythmia Monitoring Devices Market?
The arrhythmia monitoring devices market covered in this report is segmented -

1) By Type: ECG, Implantable Monitors, Holter Monitors, Mobile Cardiac Telemetry
2) By Application: Bradycardia, Tachycardia, Atrial Fibrillation, Ventricular Fibrillation, Premature Contraction, Other Applications
3) By End-User: Hospitals And Diagnostic Centers, Ambulatory Centers, Other End Users

Subsegments:
1) By ECG (Electrocardiogram): Resting ECG Machines, Stress ECG Machines, 12-Lead ECG Systems
2) By Implantable Monitors: Implantable Loop Recorders (ILRs), Subcutaneous Implantable Cardioverter Defibrillators (S-ICDs)
3) By Holter Monitors: 24-Hour Holter Monitors, 48-Hour Holter Monitors, 7-Day Holter Monitors
4) By Mobile Cardiac Telemetry: Wireless Telemetry Devices, Smartphone-Integrated Telemetry Systems

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Who Are the Global Leaders in the Arrhythmia Monitoring Devices Market?
Major companies operating in the arrhythmia monitoring devices market include Abbott Laboratories, Medtronic plc, Biotronik Inc., Hill-Rom Services Inc., iRhythm Technologies Inc., GE HealTH*Care Technologies Inc., Koninklijke Philips NV, ACS Diagnostics Inc., AliveCor Inc., Medi-Lynx Cardiac Monitoring LLC, Welch Allyn Inc., Spacelabs HealTH*Care 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

Which are the Top Profitable Regional Markets for the Arrhythmia Monitoring Devices Industry?
North America was the largest region in the arrhythmia monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the arrhythmia monitoring devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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