-- The demand for cardiac arrythmia monitors for tracking tachycardia will grow at robust pace of 6.8% CAGR in the projection years. Tachycardia being the most common form of arrhythmia, is estimated to offer significant segmental growth. Atrial fibrillation is commonly diagnosed form of tachycardia and affects more than 2 million Americans. With rising adoption of unhealthy lifestyle and eating habits, tachycardia segment is projected to expand over the future years.
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Global Cardiac Arrhythmia Monitoring Devices Market will reach over USD 8.0 billion by 2025. Development of telemetric and mobile cardiac arrythmia monitoring solutions will impel the global cardiac arrhythmia monitoring devices market growth in the forthcoming years. Mobile cardiac telemetry is required in case of individuals, having cryptogenic stroke history. Additionally, mobile cardiac telemetry solutions offer automated reports based on patient?s heart rhythm. A novel solution, named, MoMe Kardia, makes cardiac rhythm data available continuously to the physicians for analysis, with full disclosure on a HIPAA-compliant portal. Such innovative devices, catering to the changing needs of patients and physicians will stimulate the market growth in the coming period.
Home settings segment held USD 508.0 million revenue size in 2018. Growing patient preference for homecare devices will fortify the demand for cardiac arrythmia monitoring devices at home settings. Consumers prefer convenient and user-friendly devices for self-monitoring and management of disorder. Thus, emergence of portable and hand-held devices for monitoring heart rhythm will offer lucrative segmental growth in the foreseeable years.
U.S. cardiac arrhythmia monitoring devices market accounted for more than 90% market share of the North America cardiac arrhythmia monitoring devices market. High growth can be attributed to increasing incidence of cardiovascular diseases (CVDs) coupled with expanding geriatric pool susceptible to various CVDs. Also, rising burden of obese population pose a primary risk factor in the development of CVDs. Thus, with increasing disease pervasiveness along with introduction of innovative arrhythmia detection monitors, U.S. cardiac arrhythmia monitoring devices industry is set to boost over the forthcoming years.
Growing burden of cardiovascular disorders will escalate the demand for heart arrhythmia monitoring devices in the upcoming years. The incidence of various cardiac dysrhythmias such as atrial flutter, bradycardia, atrial fibrillation among others is rising at a rapid pace. As per the Public Health England, approximately 1.4 million people are suffering from atrial fibrillation, along with numerous undiagnosed cases of the disease. Such heart condition requires timely and precise monitoring of the heart rhythm, thereby boosting the adoption of cardiac arrhythmia monitoring devices over the forecast years.
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Some of the major companies competing in the global cardiac arrhythmia monitoring devices market are Abbott Laboratories, iRhythm Technologies, AliveCor, and Biotronik, among few others. Industry players are focusing on product introduction and expansion strategies, to broaden their product base as well as customer portfolio. For instance, in May 2019, Abbott Laboratories introduced Confirm Rx, a paperclip-sized insertable cardiac monitor, offering an option to synchronize with a mobile via Bluetooth, thereby fortifying its product offerings.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Cardiac Arrhythmia Monitoring Devices Industry Insights
Chapter 4. Cardiac Arrhythmia Monitoring Devices Market, By Device
Chapter 5. Cardiac Arrhythmia Monitoring Devices Market, By Application
Chapter 6. Cardiac Arrhythmia Monitoring Devices Market, By End-use
Chapter 7. Cardiac Arrhythmia Monitoring Devices Market, By Region
Chapter 8. Company Profiles
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Related Report:
Global Cardiac Arrhythmia Monitoring Devices Market Insights, Forecast to 2025
This research report categorizes the global Cardiac Arrhythmia Monitoring Devices market by top players/brands, region, type and end user. This report also studies the global Cardiac Arrhythmia Monitoring Devices market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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