According to our latest study on "Cardiac Monitoring Devices Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type, Product Type, Application and End User," the market is expected to grow from US$ 10,523.79 million in 2021 to US$ 16,431.31 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The report highlights the key factors and trends impacting the market and focuses on prominent players and their strategies.
A cardiac event monitor is a device that is used to record the heart's electrical activity (ECG). It keeps track of the heartbeat and rhythm. When there is a need for long-term monitoring of symptoms that don't happen every day, cardiac event monitors are employed. Important heart health data can be tracked, recorded, and sent to the doctor in real-time using a cardiac monitoring gadget. This reduces the need for frequent visits to the doctor's office, allowing the care team to monitor heart health from a distance.
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Based on type, the global cardiac monitoring devices market is segmented into cardiovascular devices, multi-parameter ECG monitors, patient monitoring devices, ambulatory cardiac monitoring, and cardiac monitors. In 2020, the cardiovascular devices segment held the largest share of the cardiac monitoring devices market. However, the patient monitoring devices segment is expected to grow at the highest CAGR from 2021 to 2028. The demand for patient monitoring devices is increasing due to rising chronic disorders such as stroke, coronary heart disease, sudden cardiac arrest, congenital heart diseases, and other cardiovascular diseases. Temperature monitoring, continuous glucose monitoring, and pulsed oximetry blood pressure monitoring are several applications for wearable patient monitoring, biosensors, and smart implants. The surge in demand for the vital parameters monitors is bolstering the segment's growth.
Medtronic; Abbott; Boston Scientific Corporation; iRhythm Technologies, Inc.; GE Healthcare; Biotronik, Inc.; SCHILLER Healthcare India Pvt. Ltd; Koninklijke Philips N.V.; MicroPort Scientific Corporation; Asahi Kasei Corporation; Hill-Rom Holdings, Inc.; Nihon Kohden Corporation; AliveCor, Inc; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; ACS Diagnostics; BTL; Hemodynamics Company LLC; Mortara Instruments; LivaNova PLC; TZ Medical; Amiitalia; RHYTHMEDIX; and Medi-Lynx Cardiac Monitoring, LLC; are the key players operating in the cardiac monitoring devices market.
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