According to FutureWise analysis the market for cardiac arrhythmia monitoring devices in 2023 was US$ 7.32 billion, and is expected to reach US$ 12.5 billion by 2031 at a CAGR of 6.90%.
For cardiac arrhythmias, numerous treatments have been developed. The commonest of these is the use of antiarrhythmic drugs, artificial pacemakers, implanted cardiac defibrillators, and ablation of damaged or malfunctioning cardiac tissue. An accurate diagnosis, however, is key to allowing a physician to determine the best treatment course for a patient. An electrocardiogram (ECG) can be obtained by a cardiac monitor and used by the physician to confirm or rule out arrhythmias. To maximize the outcome of a successful diagnosis, the physician should use the symptoms described by the patient to determine which method of cardiac monitoring is appropriate. A variety of devices can be used to remotely assess cardiac rhythm abnormalities in ambulatory patients. Patient- and event-activated intermittent recorders make up the largest segment of the market. In addition to these external or implanted devices, continuous-loop recorders can also be worn pre-symptomatically or post-symptomatically. The newest category of remote cardiac monitoring features four commercially available devices for continuous monitoring in real-time. The devices are capable of transmitting ECG data to a monitoring station that is being attended. There has been an increase in the rate of arrhythmias and their associated mortality in this context. Increasing mortality rates caused by arrhythmias have been a significant factor that has spurred the industry. With the increasing number of patients suffering from cardiovascular diseases, the market is expected to witness lucrative growth in the future. The market is also expected to grow with the progress of technological advancements and innovations.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Cardiac Arrhythmia Monitoring Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
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Cardiac Arrhythmia Monitoring Devices Market Segmentation:
By Product Type
- Implantable Cardiac Monitors
- Resting ECG Devices
- ECG Stress Test Devices
- Mobile Cardiac Telemetry Monitors
- Holter Monitors
By End User
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic Centers
- Homecare Settings
- Long Term Care Centers
- Emergency Medical Services
By Application
- Atrial Fibrillation
- Bradycardia
- Conduction Disorders
- Premature Contraction
- Tachycardia
- Ventricular Fibrillation
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Competitive Landscape in Cardiac Arrhythmia Monitoring Devices Market:
- NUUBO Smart Solutions Technologies, SL
- Koninklijke Philips N.V.
- Welch Allyn – A Hill-Rom Inc. Company
- GE Healthcare
- Spacelabs Healthcare, Inc. (OSI Systems, Inc.)
- Nihon Kohden Corporation
- Fukuda Denshi Co., Ltd.
- Biotelemetry, Inc.
- AliveCor, Inc.
- Biotronik, Inc.
- Medtronic, Plc.
- St. Jude Medical, LLC. (Abbott Laboratories)
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Cardiac Arrhythmia Monitoring Devices Market By Product Type, By End User, By Application and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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