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Wearable Cardiac Devices Market Share

Report ID: GMI4711
Published Date: Nov 2021
Report Format: PDF

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Wearable Cardiac Devices Market Share

The global market consists of numerous players including:

iRhythm Technologies Inc
Welch Allyn (Hillrom Services Inc.)
VitalConnect
ZOLL Medical Corporation
Biotelemetry Inc
Philips.

These companies are adopting several growth strategies such as collaborations, acquisitions & mergers, partnerships, and product launches to strengthen their market share.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Market size of wearable cardiac devices reached USD 1.5 billion in 2020 and should witness a 24.7% CAGR through 2027 led by the increasing CVD occurrence, growing geriatric population, rising awareness towards wearables, and growing preference towards homecare.

The wearable defibrillators segment could expand at a 22.9% CAGR up to 2027 as these devices offer outpatient heart health management and reduce the risk of ventricular tachycardia (VT) and ventricular fibrillation (VF).

The home healthcare segment will grow at around 25.4% CAGR till 2027 led by a large geriatric population base suffering from CVDs.

North America captured more than 60% of revenue share in 2020 owing to increasing R&D and technological innovations around wearable technology.

COVID-19 pandemic has had a positive impact on wearable cardiac devices market due to increased awareness towards digital and remote healthcare technologies.