Wearable Cardiac Devices Market to Surpass $11.31 Billion by 2029 | Key Trends & Insights

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How Will the Wearable Cardiac Devices Market Grow by 2025 in Terms of Size and Growth?
The market for wearable cardiac devices has seen swift expansion in recent years. The market is expected to increase from $4.74 billion in 2024 to $5.65 billion in 2025, indicating a compound annual growth rate (CAGR) of 19.3%. Factors contributing to the growth in the historical period include a higher occurrence of cardiovascular diseases, an increase in awareness regarding preventive health care, the incorporation of ECG in consumer electronics, a growing adoption of fitness tracking devices, and an increased demand for remote patient monitoring.

What Are the Estimated Growth Rates for the Wearable Cardiac Devices Industry Through 2029?
The market size of wearable cardiac devices is anticipated to experience a significant surge in the upcoming years. The market is predicted to reach a worth of $11.31 billion by 2029, expanding at a compound annual growth rate (CAGR) of 18.9%. Factors such as the rise in telehealth services, an increase in the elderly population, combination with mobile health ecosystems, amplified need for consistent heart health monitoring, and the growth of telehealth and digital health platforms all contribute to the forecasted growth. The major emerging trends during this predictive period entail the miniaturization of cardiac monitoring devices, their combination with smartphones and feasible apps, the evolution of wearable devices capable of monitoring multiple parameters, arrhythmia detection through wearable ECG, and health monitoring services based on subscription.

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What Are the Strategic Drivers Boosting Wearable Cardiac Devices Market Performance?
The surge in cardiovascular diseases is anticipated to push the growth of the wearable cardiac devices market. Such diseases encompass a range of disorders affecting the heart and blood vessels, including the likes of coronary artery disease, heart failure, stroke, and hypertension. The rise in cardiovascular diseases is mainly attributed to several risk factors, among them the overconsumption of alcohol, which can elevate blood pressure, lead to irregular heartbeats, and increase the likelihood of heart failure and stroke. Wearable cardiac devices allow for the real-time tracking of heart activity, which aids in the early detection and control of cardiovascular diseases, thereby averting severe health issues by ceaselessly monitoring vital signs such as heart rate, rhythm, and electrical signals. This enables prompt medical intervention and enhances patient outcomes. For example, data from the Australian Institute of Health and Welfare revealed that in 2021, there were 14,100 recorded deaths from coronary heart disease (CHD), a number that climbed to 14,900 in 2022. Hence, the escalating prevalence of cardiovascular diseases is fuelling the growth of the wearable cardiac devices market.

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What Are the Segments in the Wearable Cardiac Devices Market?
The wearable cardiac devices market covered in this report is segmented -

1) By Product: Holter Monitors, Smartwatches, Patch, Defibrillators, Pulse Oximeters, Other Products
2) By Application: Arrhythmia Detection, Heart Rate Monitoring, Heart Disease Management
3) By Distribution Channel: Online, Offline
4) By End User: Hospitals, Clinics, Individual Consumers, Fitness Centers

Subsegments:
1) By Holter Monitors: Single-Channel Holter Monitors, Multi-Channel Holter Monitors, Wireless Holter Monitors
2) By Smartwatches: Fitness And Wellness Smartwatches, Medical-Grade Smartwatches, Electrocardiogram (ECG)-Enabled Smartwatches
3) By Patch: Adhesive Cardiac Monitoring Patches, Rechargeable Patch Monitors, Disposable Patch Monitors
4) By Defibrillators: Wearable Cardioverter Defibrillators (WCDs), Automated External Defibrillators (AEDs) With Wearable Integration
5) By Pulse Oximeters: Fingertip Wearable Oximeters, Wrist-Worn Oximeters, Ring-Type Oximeters
6) By Other Products: Chest Straps, Smart Clothing, Portable Electrocardiogram (ECG) Monitors

What Are the Key Adoption Trends in the Wearable Cardiac Devices Market?
Major firms in the wearable cardiac device industry are concentrating on the creation of cutting-edge products such as medical-grade smartwatches. These devices are designed to enhance continuous heart monitoring and early identification of cardiovascular diseases. Equipped with superior health tracking sensors, these medical-grade smartwatches meet clinical accuracy requirements for monitoring critical indicators such as heart rate, ECG, blood oxygen levels, and sleep patterns. These devices aid both individuals and healthcare practitioners in tracking chronic diseases, identifying irregularities early, and making health choices based on real-time data. An instance of this is when Xplore Lifestyle Solutions Pvt Ltd, an Indian manufacturer, collaborated with CardiacSense, an Israeli firm, to introduce the CardiacSense medical watch in July 2022. This gadget, acclaimed as the world's first medically-certified smartwatch for heart monitoring, incorporates FDA-approved PPG (photoplethysmography) and ECG sensors. These provide hospital-grade accuracy for identifying arrhythmias, atrial fibrillation, and other heart abnormalities. With unique algorithms for continuous blood pressure monitoring without calibration and a sleek 24/7 wearable design, it includes fall detection and emergency SOS alerts.

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Which Companies Lead the Competitive Landscape of the Wearable Cardiac Devices Industry?
Major companies operating in the wearable cardiac devices market are Apple Inc., Samsung Electronics Co. Ltd., Abbott Laboratories, Medtronic plc, Garmin Ltd., Masimo Corporation, Nihon Kohden Corporation, iRhythm Technologies Inc., Biofourmis, Bittium Corporation, BPL Medical Technologies Pvt. Ltd., NeuroSky Inc., Bionet Co. Ltd., AliveCor Inc., Qardio Inc., Empatica Inc., VitalConnect Inc., Lifesignals Group, Biotricity Inc., Shimmer Research

Where Are the Key Wearable Cardiac Devices Market Opportunities by Region?
North America was the largest region in the wearable cardiac devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wearable cardiac devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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