PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1425005
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1425005
Cardiac Arrhythmia Monitoring Devices Market, By Device, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
REPORT HIGHLIGHT
Cardiac Arrhythmia Monitoring Devices Market size was valued at USD 7,196.4 Million in 2022, expanding at a CAGR of 7.7% from 2023 to 2030.
Cardiac arrhythmia monitoring devices are medical devices designed to monitor and record the electrical activity of the heart to detect and diagnose cardiac arrhythmias. These devices play a crucial role in the management and treatment of various heart rhythm disorders, including atrial fibrillation, ventricular tachycardia, and bradycardia. They help healthcare professionals identify irregular heart rhythms, assess their severity, and determine the appropriate treatment or intervention.
Cardiac Arrhythmia Monitoring Devices Market- Market Dynamics
The increasing adoption of telecardiology, especially for elderly patients with cardiac arrhythmia is expected to propel the market demand
The increasing adoption of telecardiology, especially for elderly patients with cardiac arrhythmia, is a major growth driver. Telecardiology offers cost-effective monitoring devices, with companies like Coala Life launching direct-to-patient telecardiology services. The convenience and portability of cardiac arrhythmia monitoring devices are driving market growth. Innovations such as RhythMedix's wearable novel cardiac telemetry monitor with 4G cellular connectivity for arrhythmia detection have fueled the development of similar portable cardiac monitors. However, poor adoption of telemetry technology in emerging markets and the high cost of remote cardiac arrhythmia monitoring devices are hindrances to market growth.
Cardiac Arrhythmia Monitoring Devices Market- Key Insights
As per the analysis shared by our research analyst, the global Cardiac Arrhythmia Monitoring Devices Market is estimated to grow annually at a CAGR of around 7.7% over the forecast period (2023-2030)
The Cardiac Arrhythmia Monitoring Devices Market is projected to grow at a significant rate driven by the increasing adoption of telecardiology, especially for elderly patients with cardiac arrhythmia.
Based on Device, the Holter monitoring devices segment was predicted to show maximum market share in the year 2022
Based on End User, the hospitals and clinics was the leading Segment in 2022
On the basis of region, North America was the leading revenue generator in 2022
Cardiac Arrhythmia Monitoring Devices Market- Segmentation Analysis:
The Global Cardiac Arrhythmia Monitoring Devices Market is segmented on the basis of Device, By End User, and Region.
Based on the Device, the market is divided into four segments: Event Monitoring Devices, Continuous Rhythm Monitoring Devices, Holter Monitoring Devices, Other Devices. Holter monitoring devices segment generated the highest revenue, and it is expected to maintain its leading position throughout the forecast period. Anticipated significant growth is on the horizon for the Holter monitoring devices segment as these devices have taken center stage in the market due to their ability to effectively diagnose sporadic symptoms in patients over extended durations. Moreover, they provide swifter and more convenient monitoring, resulting in heightened patient adherence and improved treatment outcomes.
Cardiac Arrhythmia Monitoring Devices Market- Competitive Landscape:
Recent Developments:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CARDIAC ARRHYTHMIA MONITORING DEVICES MARKET KEY PLAYERS
GLOBAL CARDIAC ARRHYTHMIA MONITORING DEVICES MARKET, BY DEVICE
GLOBAL CARDIAC ARRHYTHMIA MONITORING DEVICES MARKET, BY END USER
GLOBAL CARDIAC ARRHYTHMIA MONITORING DEVICES MARKET, BY REGION
Table of Contents
1. Cardiac Arrhythmia Monitoring Devices Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Cardiac Arrhythmia Monitoring Devices Market Snippet by Device
- 2.1.2. Cardiac Arrhythmia Monitoring Devices Market Snippet by End User
- 2.1.3. Cardiac Arrhythmia Monitoring Devices Market Snippet by Country
- 2.1.4. Cardiac Arrhythmia Monitoring Devices Market Snippet by Region
- 2.2. Competitive Insights
3. Cardiac Arrhythmia Monitoring Devices Key Market Trends
4. Cardiac Arrhythmia Monitoring Devices Industry Study
5. Cardiac Arrhythmia Monitoring Devices Market: COVID-19 Impact Analysis
6. Cardiac Arrhythmia Monitoring Devices Market Landscape
7. Cardiac Arrhythmia Monitoring Devices Market - By Device
8. Cardiac Arrhythmia Monitoring Devices Market - By End User
9. Cardiac Arrhythmia Monitoring Devices Market- By Geography
10. Key Vendor Analysis- Cardiac Arrhythmia Monitoring Devices Industry
11. 360 Degree Analyst View
12. Appendix
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Cardiac Arrhythmia Monitoring Devices Market: Device Snapshot (2022)
- TABLE Segment Dashboard; Definition and Scope, by Device
- TABLE Global Cardiac Arrhythmia Monitoring Devices Market, by Device 2018-2030 (USD Million)
- TABLE Cardiac Arrhythmia Monitoring Devices Market: End User Snapshot (2022)
- TABLE Segment Dashboard; Definition and Scope, by End User
- TABLE Global Cardiac Arrhythmia Monitoring Devices Market, by End User 2018-2030 (USD Million)
- TABLE Cardiac Arrhythmia Monitoring Devices Market: Regional snapshot (2022)
- TABLE Segment Dashboard; Definition and Scope, by Region
- TABLE Global Cardiac Arrhythmia Monitoring Devices Market, by Region 2018-2030 (USD Million)
