Cardiac Arrhythmia Monitoring Device Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
Cardiac Arrhythmia Monitoring Device Market Outlook
Cardiac Arrhythmia Monitoring Device Market is projected to grow US$ 9.79 Billion by 2030, according to Renub Research. Remote monitoring and control of heart function play a crucial role in assessing and managing patients, particularly in the era of precision medicine and personalized care. Advancements in technology have introduced a range of intelligent wearable devices like smartwatches, chest patches/straps, and sensors integrated into clothing and footwear. These devices enable continuous and real-time monitoring of heart rate, facilitating the early detection of cardiac arrhythmias.
Arrhythmia monitoring devices are designed to identify and analyze abnormal heart rhythms, allowing for the tracking and monitoring of irregularities in the heartbeat. Arrhythmias refer to heart conditions that affect the rhythm or pace of the heartbeat. The primary types of arrhythmia monitoring devices include ECG, implantable monitors, holter monitors, and mobile cardiac telemetry. By 2030, it is projected that approximately 12.1 million individuals in the United States will experience atrial fibrillation (AFib), as stated by the Centers for Disease Control and Prevention (CDC). Moreover, the market is expected to witness significant growth due to various technological advancements.
Cardiac arrhythmia monitoring devices market is anticipated to exhibit a compound annual growth rate (CAGR) of 6.79% during 2022 to 2030
One noteworthy factor contributing to this growth is the escalating occurrence of arrhythmias and the resulting mortality rates. This surge in mortality rates associated with arrhythmias has become a crucial driver for the industry. With the increasing number of patients diagnosed with cardiovascular diseases, the market is poised for lucrative expansion in the coming years. Real-time monitoring of cardiac diseases has brought about revolutionary changes in patient care, spanning homecare settings, clinics, outpatient centers, and outdoor care models. The integration of real-time patient monitoring platforms with diagnostic equipment has empowered physicians to make more accurate treatment decisions. Consequently, overall treatment efficacy has improved, and patient morbidity resulting from delayed diagnostics has been reduced.
The presence of favorable reimbursement policies has resulted in an increased acceptance of medical devices among patients in countries such as Canada, the United States, and the United Kingdom, consequently driving market penetration. Additionally, government initiatives and the implementation of new cardiac rhythm management (CRM) technologies are projected to further enhance market growth during the forecast period. A notable example of such initiatives is the establishment of regulations pertaining to the deployment of external defibrillators in public spaces. The global cardiac arrhythmia monitoring devices market in 2022 stands at around US$ 5.79 Billion.
Holter monitors are fueling the global cardiac arrhythmia monitoring devices market with their effectiveness and increasing popularity
By Type, Global cardiac arrhythmia monitoring devices market is divided into ECG monitors, Implantable monitors, Holter monitors, Mobile cardiac telematory and Others. Among the various types of cardiac arrhythmia monitoring devices, Holter monitors hold the highest market share in the global market. Holter monitors are portable, wearable devices that continuously record a patient's heart activity for an extended period, typically 24 to 48 hours. These monitors are widely used for detecting and monitoring arrhythmias as they provide valuable insights into a patient's heart rhythm throughout their daily activities. The convenience, non-invasiveness, and accuracy of Holter monitors contribute to their dominance in the market. Healthcare professionals and patients alike benefit from the comprehensive data gathered by Holter monitors, enabling better diagnosis and management of cardiac arrhythmias.
Ventricular Tachycardia Monitoring Devices market is witnessing remarkable growth due to the increasing prevalence of this condition
By Application, Global cardiac arrhythmia monitoring devices market is segmented into Tachycardiac, Atrial Tachycardiac, Ventricular Tachycardiac, Bradycardiac and Premature Contraction. The fastest-growing segment in the global cardiac arrhythmia monitoring devices market is Ventricular Tachycardia (VT). This rapid expansion can be attributed to the rising prevalence of VT among patients with heart conditions. VT is a potentially life-threatening arrhythmia characterized by fast and abnormal electrical activity in the ventricles of the heart.
With advancements in technology, cardiac arrhythmia monitoring devices specifically designed to detect and monitor VT have gained significant traction. These devices enable timely detection and intervention, helping to prevent complications and improve patient outcomes. As a result, the market for VT monitoring devices is witnessing remarkable growth, reflecting the increasing importance placed on early diagnosis and effective management of this critical cardiac arrhythmia.
Hospitals and clinics are poised to hold the largest market share in the global cardiac arrhythmia monitoring devices industry
The global cardiac arrhythmia monitoring devices market is categorized by end-users, including Hospitals & Clinics, Diagnostic Centers, and Others. Among these, Hospitals and Clinics are expected to exert dominance and hold the maximum market share. This is primarily due to their pivotal role in diagnosing and managing cardiac arrhythmias. Hospitals and clinics possess the necessary infrastructure, medical expertise, and resources to effectively utilize and implement cardiac arrhythmia monitoring devices. With the increasing prevalence of cardiovascular diseases and the growing demand for accurate cardiac monitoring, these healthcare settings are poised to remain the primary end-users driving the global market for cardiac arrhythmia monitoring devices.
Cardiac Arrhythmia Monitoring Devices Market in the United States is a prominent and thriving industry
By Countries, The global cardiac arrhythmia monitoring devices market is break up into United States, Canada, United Kingdom, Germany, France, Italy, Spain, Turkey, China, Japan, India, South Korea, Australia, Thailand, Indonesia, Philippines, Mexico, Brazil, Argentina, Saudi Arabia, South Africa, UAE and Rest of the World. The Centers for Disease Control and Prevention (CDC) predicts that by 2030, approximately 12.1 million Americans will be affected by atrial fibrillation (AFib), commonly known as AFib. AFib is a leading cause of hospitalizations, with over 454,000 cases reported annually in the United States. This condition significantly increases the risk of stroke, with AFib associated with a fivefold higher risk of ischemic stroke. As the prevalence of AFib continues to rise, there will be a growing demand for cardiac arrhythmia monitoring devices to address this healthcare need.
With a high prevalence of cardiac disorders and a strong healthcare infrastructure, the United States presents a favorable landscape for the adoption and utilization of cardiac arrhythmia monitoring devices. The market is characterized by a wide range of technologically advanced devices, including Holter monitors, implantable monitors, ECG systems, and mobile cardiac telemetry devices. Continuous innovation and advancements in the field of cardiac monitoring contribute to the growth and competitiveness of the United States cardiac arrhythmia monitoring devices market, catering to the needs of both healthcare providers and patients.
Key Companies
Prominent players in the cardiac arrhythmia monitoring devices market include Abbott Laboratories, GE Healthcare, Koninklijke Philips N.V., Boston Scientific Corporation, Medtronic Inc., Asahi Kasei Corporation, iRhythm Technology, and Nihon Kohden. These industry leaders contribute to the innovation and development of advanced monitoring solutions, driving the progress and competitiveness of the market. Through their expertise and extensive product portfolios, these market players play a crucial role in meeting the growing demand for reliable and effective cardiac arrhythmia monitoring devices.
Renub Research latest report “Cardiac Arrhythmia Monitoring Device Market, Global Forecast By Type (ECG monitors, Implantable monitors, Holter monitors, Mobile cardiac telematory and Others), End User (Hospitals & Clinics, Diagnostic Centers, Others), Application (Tachycardiac, Atrial Tachycardiac, Ventricular Tachycardiac, Bradycardiac and Premature Contraction), Country (United States, Canada, United Kingdom, Germany, France, Italy, Spain, Turkey, China, Japan, India, South Korea, Australia, Thailand, Indonesia, Philippines, Mexico, Brazil, Argentina, Saudi Arabia, South Africa, UAE and Rest of the World), Companies (Abbott Laboratories, GE Healthcare, Koninklijke Philips N.V., Boston Scientific Corporation, Medtronic Inc., Asahi Kasei Corporation, iRhythm Technology, and Nihon Kohden)” provides a detailed analysis of Cardiac Arrhythmia Monitoring Device Industry.
Type – Market has been covered from 5 viewpoints:
1. ECG monitors
2. Implantable monitors
3. Holter monitors
4. Mobile cardiac telematory
5. Others
End User – Market has been covered from 3 viewpoints:
1. Hospitals & Clinics
2. Diagnostic Centers
3. Others
Application – Market has been covered from 5 viewpoints:
1. Tachycardiac
2. Atrial Tachycardiac
3. Ventricular Tachycardiac
4. Bradycardiac
5. Premature Contraction
Country – Market has been covered from 23 viewpoints:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 United Kingdom
2.2 Germany
2.3 France
2.4 Italy
2.5 Spain
2.6 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Australia
3.6 Thailand
3.7 Indonesia
3.8 Philippines
4. Latin America
4.1 Mexico
4.2 Brazil
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 South Africa
5.3 UAE
6. Rest of the World
Company Insights:
• Business overview
• Recent development
• Sales analysis
Key Players Analysis:
1. Abbott Laboratories
2. GE Healthcare
3. Koninklijke Philips N.V.
4. Boston Scientific Corporation
5. Medtronic Inc.
6. Asahi Kasei Corporation
7. iRhythm Technology
8. Nihon Kohden
Report Details:
| Report Features | Details |
| Base Year | 2022 |
| Historical Period | 2018 - 2022 |
| Forecast Period | 2023 - 2030 |
| Market | US$ Billion |
| Segment Covered | Type, End User, Application, and Countries |
| Countries Covered | United States, Canada, United Kingdom, Germany, France, Italy, Spain, Turkey, China, Japan, India, South Korea, Australia, Thailand, Indonesia, Philippines, Mexico, Brazil, Argentina, Saudi Arabia, South Africa, UAE and Rest of the World |
| Companies Covered | Abbott Laboratories, GE Healthcare, Koninklijke Philips N.V., Boston Scientific Corporation, Medtronic Inc., Asahi Kasei Corporation, iRhythm Technology, and Nihon Kohden |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge
5. Global Cardiac Arrhythmia Monitoring Devcice Market
6. Share Analysis – Global Cardiac Arrhythmia Monitoring Device Market
6.1 Type
6.2 Application
6.3 End User
6.4 Countries
7. Type – Global Cardiac Arrhythmia Monitoring Device Market
7.1 ECG monitors
7.2 Implantable monitors
7.3 Holter monitors
7.4 Mobile cardiac telematory
7.5 Others
8. Application – Global Cardiac Arrhythmia Monitoring Device Market
8.1 Tachycardia
8.2 Atrial Tachycardia
8.3 Ventricular Tachycardia
8.4 Bradycardia
8.5 Premature Contraction
9. End User – Global Cardiac Arrhythmia Monitoring Device Market
9.1 Hospitals & Clinics
9.2 Diagnostic Centers
9.3 Others
10. Countries – Global Cardiac Arrhythmia Monitoring Device Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 United Kingdom
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Australia
10.3.6 Thailand
10.3.7 Indonesia
10.3.8 Philippines
10.4 Latin America
10.4.1 Mexico
10.4.2 Brazil
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 South Africa
10.5.3 UAE
10.5.4 Turkey
10.6 Rest of the World
11. Porter’s Five Forces Analysis – Global Cardiac Arrhythmia Monitoring Device Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis – Global Cardiac Arrhythmia Monitoring Device Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
13.1 Abott Laboratories
13.1.1 Business overview
13.1.2 Recent development
13.1.3 Sales analysis
13.2 GE healthcare
13.2.1 Business overview
13.2.2 Recent development
13.2.3 Sales analysis
13.3 Koninklijke Philips N.V.
13.3.1 Business overview
13.3.2 Recent development
13.3.3 Sales analysis
13.4 Medtronic PLC
13.4.1 Business overview
13.4.2 Recent development
13.4.3 Sales analysis
13.5 Asahi Kasei Corporation
13.5.1 Business overview
13.5.2 Recent development
13.5.3 Sales analysis
13.6 Boston scientific corporation
13.6.1 Business overview
13.6.2 Recent development
13.6.3 Sales analysis
13.7 iRhythm Technologies
13.7.1 Business overview
13.7.2 Recent development
13.7.3 Sales analysis
13.8 Nihon kohden
13.8.1 Business overview
13.8.2 Recent development
13.8.3 Sales analysis
List of Figurtes:
Figure-01: Global – Cardiac Arrhythmia Monitoring Market (Billion US$), 2018 – 2022
Figure-02: Global – Forecast for Cardiac Arrhythmia Monitoring Market (Billion US$), 2023 – 2030
Figure-03: Type – ECG monitors Market (Million US$), 2018 – 2022
Figure-04: Type – Forecast for ECG monitors Market (Million US$), 2023 – 2030
Figure-05: Type – Implantable monitors Market (Million US$), 2018 – 2022
Figure-06: Type – Forecast for Implantable monitors Market (Million US$), 2023 – 2030
Figure-07: Type – Holter monitors Market (Million US$), 2018 – 2022
Figure-08: Type – Forecast for Holter monitors Market (Million US$), 2023 – 2030
Figure-09: Type – Mobile cardiac telematory Market (Million US$), 2018 – 2022
Figure-10: Type – Forecast for Mobile cardiac telematory Market (Million US$), 2023 – 2030
Figure-11: Type – Others Market (Million US$), 2018 – 2022
Figure-12: Type – Forecast for Others Market (Million US$), 2023 – 2030
Figure-13: Application – Tachycardia Market (Million US$), 2018 – 2022
Figure-14: Application – Forecast for Tachycardia Market (Million US$), 2023 – 2030
Figure-15: Application – Atrial Tachycardia Market (Million US$), 2018 – 2022
Figure-16: Application – Forecast for Atrial Tachycardia Market (Million US$), 2023 – 2030
Figure-17: Application – Ventricular Tachycardia Market (Million US$), 2018 – 2022
Figure-18: Application – Forecast for Ventricular Tachycardia Market (Million US$), 2023 – 2030
Figure-19: Application – Bradycardia Market (Million US$), 2018 – 2022
Figure-20: Application – Forecast for Bradycardia Market (Million US$), 2023 – 2030
Figure-21: Application – Premature Contraction Market (Million US$), 2018 – 2022
Figure-22: Application – Forecast for Premature Contraction Market (Million US$), 2023 – 2030
Figure-23: End User – Hospitals & Clinics Market (Million US$), 2018 – 2022
Figure-24: End User – Forecast for Hospitals & Clinics Market (Million US$), 2023 – 2030
Figure-25: End User – Diagnostic Centers Market (Million US$), 2018 – 2022
Figure-26: End User – Forecast for Diagnostic Centers Market (Million US$), 2023 – 2030
Figure-27: End User – Others Market (Million US$), 2018 – 2022
Figure-28: End User – Forecast for Others Market (Million US$), 2023 – 2030
Figure-29: United States – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-30: United States – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-31: Canada – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-32: Canada – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-33: United Kingdom – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-34: United Kingdom – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-35: Germany – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-36: Germany – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-37: France – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-38: France – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-39: Italy – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-40: Italy – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-41: Spain – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-42: Spain – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-43: China – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-44: China – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-45: Japan – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-46: Japan – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-47: India – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-48: India – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-49: South Korea – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-50: South Korea – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-51: Australia – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-52: Australia – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-53: Thailand – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-54: Thailand – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-55: Indonesia – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-56: Indonesia – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-57: Philippines – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-58: Philippines – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-59: Mexico – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-60: Mexico – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-61: Brazil – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-62: Brazil – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-63: Argentina – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-64: Argentina – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-65: Middle East & Africa – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-66: Middle East & Africa – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-67: Saudi Arabia – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-68: Saudi Arabia – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-69: South Africa – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-70: South Africa – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-71: UAE – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-72: UAE – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-73: Turkey – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-74: Turkey – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-75: Rest of the world – Cardiac Arrhythmia Monitoring Market (Million US$), 2018 – 2022
Figure-76: Rest of the world – Forecast for Cardiac Arrhythmia Monitoring Market (Million US$), 2023 – 2030
Figure-77: Abott Laboratories – Global Revenue (Billion US$), 2018 – 2022
Figure-78: Abott Laboratories – Forecast for Global Revenue (Billion US$), 2023 – 2030
Figure-79: GE healthcare – Global Revenue (Billion US$), 2018 – 2022
Figure-80: GE healthcare – Forecast for Global Revenue (Billion US$), 2023 – 2030
Figure-81: Koninklijke Philips N.V. – Global Revenue (Billion US$), 2018 – 2022
Figure-82: Koninklijke Philips N.V. – Forecast for Global Revenue (Billion US$), 2023 – 2030
Figure-83: Medtronic PLC – Global Revenue (Billion US$), 2018 – 2022
Figure-84: Medtronic PLC – Forecast for Global Revenue (Billion US$), 2023 – 2030
Figure-85: Asahi Kasei Corporation – Global Revenue (Billion US$), 2018 – 2022
Figure-86: Asahi Kasei Corporation – Forecast for Global Revenue (Billion US$), 2023 – 2030
Figure-87: Boston scientific corporation – Global Revenue (Billion US$), 2018 – 2022
Figure-88: Boston scientific corporation – Forecast for Global Revenue (Billion US$), 2023 – 2030
Figure-89: iRhythm Technologies – Global Revenue (Million US$), 2018 – 2022
Figure-90: iRhythm Technologies – Forecast for Global Revenue (Million US$), 2023 – 2030
Figure-91: Nihon kohden – Global Revenue (Billion US$), 2018 – 2022
Figure-92: Nihon kohden – Forecast for Global Revenue (Billion US$), 2023 – 2030
List of Tables:
Table-01: Global – Cardiac Arrhythmia Monitoring Devcice Market Share by Type (Percent), 2018 – 2022
Table-02: Global – Forecast for Cardiac Arrhythmia Monitoring Devcice Market Share by Type (Percent), 2023 – 2030
Table-03: Global – Cardiac Arrhythmia Monitoring Devcice Market Share by Application (Percent), 2018 – 2022
Table-04: Global – Forecast for Cardiac Arrhythmia Monitoring Devcice Market Share by Application (Percent), 2023 – 2030
Table-05: Global – Cardiac Arrhythmia Monitoring Devcice Market Share by End User (Percent), 2018 – 2022
Table-06: Global – Forecast for Cardiac Arrhythmia Monitoring Devcice Market Share by End User (Percent), 2023 – 2030
Table-07: Global – Cardiac Arrhythmia Monitoring Devcice Market by Countries (Percent), 2018 – 2022
Table-08: Global – Forecast for Cardiac Arrhythmia Monitoring Devcice Market by Countries (Percent), 2023 – 2030
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