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Cardiac Arrhythmia Monitoring Devices Market Size

Report ID: GMI2732
Published Date: Mar 2022
Report Format: PDF

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Cardiac Arrhythmia Monitoring Devices Market Size

Cardiac Arrhythmia Monitoring Devices Market size surpassed USD 6.4 billion in 2021 and is anticipated to progress at 6.7% CAGR between 2022 and 2028. Rising prevalence of severe cardiovascular diseases across the globe will drive the market growth. According to the World Health Organization (WHO), cardiovascular diseases are responsible for around 17.9 million deaths, globally, each year.

Cardiac Arrhythmia Monitoring Devices Market

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Arrhythmic conditions such as tachycardia and bradycardia are more common in people with severe CVD and require continuous monitoring to avoid sudden heart failure. Thus, with increased prevalence of cardiac illnesses, the demand for cardiac arrhythmia monitoring devices is expected to grow significantly throughout the analysis period.

Cardiac Arrhythmia Monitoring Devices Market Report Attributes
Report Attribute	Details
Base Year:	2021
Cardiac Arrhythmia Monitoring Devices Market Size in 2021:	6.5 Billion (USD)
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	6.7%
2028 Value Projection:	10.3 Billion (USD)
Historical Data for:	2017 to 2021
No. of Pages:	150
Tables, Charts & Figures:	229
Segments covered:	Device, Application, End-use and Region
Growth Drivers:	Growing prevalence of cardiovascular diseases and expenditure on cardiac health globally Technological advancements and introduction of innovative devices for cardiac rhythm monitoring Increasing adoption of mobile and telemetry cardiac monitors Expanding geriatric population base coupled with growing prevalence of obesity
Pitfalls & Challenges:	Lack of skilled professionals Negative effects of some cardiac monitoring devices on patients

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The COVID 19 pandemic had moderate positive impact on adoption of cardiac arrhythmia monitoring devices in 2020. Further, with declining number COVID-19 patients and continuation of all healthcare services has influenced the product demand. Several healthcare companies are working collaboratively to expand manufacturing capacity of cardiac arrhythmia monitoring devices such as Holter monitors, patches, and wearable ECG among others to provide medical aid while keeping check on progress of the patients. Thus, with declining number of COVID-19 infection among population, the market will experience momentous growth in foreseeable future.

Cardiac arrhythmia monitoring devices are mainly used for monitoring patients with high risk of arrhythmic conditions. These devices help healthcare professionals in monitoring irregular heartbeat for better diagnosis and treatment of CVD patients to reduce associated mortalities.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for cardiac arrhythmia monitoring devices exceeded USD 6.4 billion in 2021 and is expected to exhibit a CAGR of 6.7% from 2022 to 2028 owing to the surging prevalence of cardiovascular diseases.

The market revenue from Holter monitors was around USD 2.8 billion in 2021 and is set to depict lucrative growth through 2028 driven by the rising consumption of unhealthy food and hectic lifestyle.

North America accounted for around 35% of the overall cardiac arrhythmia monitoring devices market share in 2021 and will exhibit substantial growth between 2022 and 2028 considering the escalating awareness regarding advanced monitoring techniques.

Major players in the cardiac arrhythmia monitoring devices industry comprise Biotronik, Nihon Kohden Corporation, Applied Cardiac Systems, Medtronic plc, Spacelabs Healthcare (OSI Systems, Inc.), Welch Allyn (Hillrom Services, Inc.), and others.