Global Cardiac Arrhythmia Monitoring Devices Market by Type (Implantable Cardiac Monitors, Resting ECG Devices, ECG Stress Test Devices, Mobile Cardiac Telemetry Monitors, Holter Monitors), By Application (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Homecare Settings, Long Term Care Centers, Emergency Medical Services) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Cardiac Arrhythmia Monitoring Devices Market size is projected to grow at a CAGR of over 12.0% during the forecast period, from USD 22.36 billion in 2018, and reach an estimated value of around USD 29.61 billion by 2028 end. The factors driving this growth are the rising incidence rate of cardiovascular disorders as well as the aging population which increases the burden on healthcare providers to monitor the patient condition for early diagnosis and treatment management purposes; increasing awareness about prevention benefits that come with implantable monitors such as improved quality-of-life (QOL) due to increased freedom and pleasure from participating in everyday activities without fear or worry about sudden death/cardiac arrest.
Cardiac Arrhythmia Monitoring Devices are the tools or equipment that use electrical impulses to monitor and detect any abnormalities in the heart rhythm. Cardiac arrhythmias are abnormal rhythms of the heartbeat, which can cause life-threatening conditions such as sudden cardiac arrest (SCA).
On the basis of Type, the market is segmented into Implantable Cardiac Monitors, Resting ECG Devices, ECG Stress Test Devices, Mobile Cardiac Telemetry Monitors, Holter Monitors.
Implantable Cardiac Monitors:
Implantable Cardiac Monitors are devices that monitor a person’s heart rhythm and send the data to a computer. They can also detect arrhythmias (abnormal rhythms) or other conditions such as atrial fibrillation, ventricular tachycardia, long QT syndrome, and Wolff-Parkinson-White Syndrome. Implantable Cardiac Monitors are used to help diagnose and treat heart rhythm disorders.
The largest segment for this type is the North American region followed by Europe. It has been growing steadily due to the increasing prevalence of arrhythmias across various age groups especially amongst geriatric patients as well as significant advancements in technology such as miniaturization which reduces surgical risks while maintaining accuracy; expanding application areas like homecare settings (home monitoring), Emergency Medical Services (EMS) ambulances, etc., along with emerging markets like Latin America.
Resting ECG Devices:
This type of monitoring device records ECG readings while one is resting (in either sitting or supine position). It offers information about changes in rhythms over time but does not provide any indication of what caused the occurrence of such a phenomenon. Resting ECG devices are used for a general health screening with generally low-risk factors which make them appropriate for most adults without any pre-existing cardiovascular conditions.
ECG Stress Test Devices:
ECG Stress Test Devices are devices that measure the heart’s electrical activity in response to a stressor. The typical method for performing an ECG stress test is by attaching electrodes on the patient’s chest or limbs and connecting them to an electrocardiograph machine. This device collects resting electrocardiograph (ECGs) readings from the patients by the end during a period of time, which is typically 24 hours.
Mobile Cardiac Telemetry Monitors:
Mobile Cardiac Telemetry Monitor records data while patients actively engage in exercise at different levels of intensity. This information may help doctors to assess cardiovascular response during daily life activities such as walking, climbing stairs, or more demanding tasks like running on a treadmill for 30 minutes.
The Mobile Cardiac Telemetry Monitors segment is a sub-segment of the market, which tracks heart activity. These devices are used to monitor patients who have chronic cardiac problems and need constant care such as those with arrhythmia or pacemaker implantations.
Holter Monitors:
A Holter monitor is a portable, battery-powered device that records an electrocardiogram continuously for up to 24 hours. It can be used in the diagnosis of various heart problems such as arrhythmia or cardiac arrest, and also to detect atrial fibrillation (a type of irregular heartbeat). A patient should not wear a Holter monitor if he has certain conditions including pacemaker implantation within the past 30 days, intraventricular conduction defects on previous ECGs within 60 days; severe kidney failure with creatinine clearance less than 15 mL per minute; chest pain when lying down or standing still lasting more than five minutes without relief from nitroglycerin tablets.
On the basis of Application, the market is segmented into Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Homecare Settings, and Emergency Medical Services.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is projected to be the largest and fastest-growing regional market for cardiac arrhythmia monitoring devices. The region is anticipated to lead in terms of revenue generation, owing to a large number of hospitals and diagnostic centers present in the US; moreover, technological advancements coupled with increasing awareness among clinicians would also drive growth in this region over the forecast period.
The Asia Pacific & Middle East & Africa markets are expected to grow at high rates during the forecast period owing to an increase in healthcare expenditure per capita on account of government initiatives such as the National Health Protection Scheme which was launched recently. Europe has been witnessing sluggish performance due to stringent regulatory norms hampering medical device innovation, lack of an adequate skilled workforce available across the region.
Up Market Research published a new report titled “Cardiac Arrhythmia Monitoring Devices Market research report which is segmented by Types (Implantable Cardiac Monitors, Resting ECG Devices, ECG Stress Test Devices, Mobile Cardiac Telemetry Monitors, Holter Monitors), By Applications (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Homecare Settings, Long Term Care Centers, Emergency Medical Services), By Players/Companies NUUBO, Koninklijke Philips, General Electric, Hill-Rom, OSI Systems, Nihon Kohden, Fukuda Denshi, Biotelemetry, AliveCor, Biotronik, Medronic, Abbott”.
Report Scope
Report Attributes | Report Details |
Report Title | Cardiac Arrhythmia Monitoring Devices Market Research Report |
By Type | Implantable Cardiac Monitors, Resting ECG Devices, ECG Stress Test Devices, Mobile Cardiac Telemetry Monitors, Holter Monitors |
By Application | Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Homecare Settings, Long Term Care Centers, Emergency Medical Services |
By Companies | NUUBO, Koninklijke Philips, General Electric, Hill-Rom, OSI Systems, Nihon Kohden, Fukuda Denshi, Biotelemetry, AliveCor, Biotronik, Medronic, Abbott |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Cardiac Arrhythmia Monitoring Devices Market Report Segments:
The market is segmented by Type Implantable Cardiac Monitors, Resting ECG Devices, ECG Stress Test Devices, Mobile Cardiac Telemetry Monitors, Holter Monitors and By Application Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Homecare Settings, Long Term Care Centers, Emergency Medical Services.
Some of the companies that are profiled in this report are:
- NUUBO
- Koninklijke Philips
- General Electric
- Hill-Rom
- OSI Systems
- Nihon Kohden
- Fukuda Denshi
- Biotelemetry
- AliveCor
- Biotronik
- Medronic
- Abbott
Cardiac Arrhythmia Monitoring Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Cardiac Arrhythmia Monitoring Devices Market
Overview of the regional outlook of the Cardiac Arrhythmia Monitoring Devices Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Cardiac Arrhythmia Monitoring Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Cardiac Arrhythmia Monitoring Devices Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Implantable Cardiac Monitors
2. Resting ECG Devices
3. ECG Stress Test Devices
4. Mobile Cardiac Telemetry Monitors
5. Holter Monitors
7. By Application:1. Hospitals
2. Ambulatory Surgical Centers
3. Diagnostic Centers
4. Homecare Settings
5. Long Term Care Centers
6. Emergency Medical Services
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardiac Arrhythmia Monitoring Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Cardiac Arrhythmia Monitoring Devices Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardiac Arrhythmia Monitoring Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cardiac Arrhythmia Monitoring Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cardiac Arrhythmia Monitoring Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cardiac Arrhythmia Monitoring Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cardiac Arrhythmia Monitoring Devices Market Size & Forecast, 2018-2028
4.5.1 Cardiac Arrhythmia Monitoring Devices Market Size and Y-o-Y Growth
4.5.2 Cardiac Arrhythmia Monitoring Devices Market Absolute $ Opportunity
Chapter 5 Global Cardiac Arrhythmia Monitoring Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Type
5.2.1 Implantable Cardiac Monitors
5.2.2 Resting ECG Devices
5.2.3 ECG Stress Test Devices
5.2.4 Mobile Cardiac Telemetry Monitors
5.2.5 Holter Monitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cardiac Arrhythmia Monitoring Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Diagnostic Centers
6.2.4 Homecare Settings
6.2.5 Long Term Care Centers
6.2.6 Emergency Medical Services
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardiac Arrhythmia Monitoring Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cardiac Arrhythmia Monitoring Devices Analysis and Forecast
9.1 Introduction
9.2 North America Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Type
9.6.1 Implantable Cardiac Monitors
9.6.2 Resting ECG Devices
9.6.3 ECG Stress Test Devices
9.6.4 Mobile Cardiac Telemetry Monitors
9.6.5 Holter Monitors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Diagnostic Centers
9.10.4 Homecare Settings
9.10.5 Long Term Care Centers
9.10.6 Emergency Medical Services
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cardiac Arrhythmia Monitoring Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Type
10.6.1 Implantable Cardiac Monitors
10.6.2 Resting ECG Devices
10.6.3 ECG Stress Test Devices
10.6.4 Mobile Cardiac Telemetry Monitors
10.6.5 Holter Monitors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Diagnostic Centers
10.10.4 Homecare Settings
10.10.5 Long Term Care Centers
10.10.6 Emergency Medical Services
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cardiac Arrhythmia Monitoring Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Type
11.6.1 Implantable Cardiac Monitors
11.6.2 Resting ECG Devices
11.6.3 ECG Stress Test Devices
11.6.4 Mobile Cardiac Telemetry Monitors
11.6.5 Holter Monitors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Diagnostic Centers
11.10.4 Homecare Settings
11.10.5 Long Term Care Centers
11.10.6 Emergency Medical Services
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cardiac Arrhythmia Monitoring Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Type
12.6.1 Implantable Cardiac Monitors
12.6.2 Resting ECG Devices
12.6.3 ECG Stress Test Devices
12.6.4 Mobile Cardiac Telemetry Monitors
12.6.5 Holter Monitors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Diagnostic Centers
12.10.4 Homecare Settings
12.10.5 Long Term Care Centers
12.10.6 Emergency Medical Services
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cardiac Arrhythmia Monitoring Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Type
13.6.1 Implantable Cardiac Monitors
13.6.2 Resting ECG Devices
13.6.3 ECG Stress Test Devices
13.6.4 Mobile Cardiac Telemetry Monitors
13.6.5 Holter Monitors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cardiac Arrhythmia Monitoring Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Diagnostic Centers
13.10.4 Homecare Settings
13.10.5 Long Term Care Centers
13.10.6 Emergency Medical Services
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardiac Arrhythmia Monitoring Devices Market: Competitive Dashboard
14.2 Global Cardiac Arrhythmia Monitoring Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NUUBO
14.3.2 Koninklijke Philips
14.3.3 General Electric
14.3.4 Hill-Rom
14.3.5 OSI Systems
14.3.6 Nihon Kohden
14.3.7 Fukuda Denshi
14.3.8 Biotelemetry
14.3.9 AliveCor
14.3.10 Biotronik
14.3.11 Medronic
14.3.12 Abbott