Arrhythmia Monitoring Devices Market Players, Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2032
Arrhythmia Monitoring Devices Market
The Arrhythmia
Monitoring Devices Market Size is projected to grow to USD 6125 Million
by 2030 at CAGR of 6.20% during the forecast period.
Cardiac arrhythmia refers to a condition with an
irregular heartbeat. The condition is also called cardiac dysrhythmia. The
global arrhythmia monitoring devices market has witnessed enormous growth in
recent times attributed to the ongoing development of smart cardiac monitors,
rising usage of telecardiology, and the transportability of cardiac arrhythmia
monitoring devices. On the other hand, high costs linked to remote cardiac
arrhythmia monitoring are anticipated to impede the growth of the arrhythmia
monitoring devices market over the forecasted era.
Key Players
global Arrhythmia Monitoring Devices Market Players
are Abbott Laboratories (US), BioTelemetry Inc. (US), Fukuda Denshi Co. Ltd
(Japan), Applied Cardiac Systems Inc. (US), Medtronic plc (Ireland), Nihon
Kohden Corporation (Japan), Alive Cor Inc. (US), Biotronik (Germany), GE
Healthcare (US), Spacelabs Healthcare (US)
Market Segmentation
The global arrhythmia monitoring devices market has
been fragmented into several segments based on device type, application,
end-user, and region.
Based on device type, the arrhythmia monitoring
devices market is split into Holter monitor, implantable cardiac monitor (ICM),
event monitor, mobile cardiac telemetry (MCT) devices, resting ECG, and others.
By application, the global market for arrhythmia
monitoring devices is bifurcated into conduction disorders, premature
ventricular contractions (PVC), bradycardia, ventricular fibrillation (V-fib),
atrial fibrillation (A-fib), tachycardia, and others.
Based on end-user, the arrhythmia monitoring devices
market is divided into home care settings, diagnostic centers, ambulatory
surgery centers (ASC), hospitals & clinics, and others.
Regional Analysis
The global arrhythmia monitoring devices market is
studied across five major regions: North America, South America, Europe,
Asia-Pacific, and the Middle East & Africa.
The North American region is projected to lead the
global arrhythmia monitoring devices market over the review timeframe. The
regional market's growth is being driven by the growing awareness created by
several initiatives by private firms and governments. Furthermore, the growing
number of collaborations between research labs and institutions will propel the
regional market's growth.
The European regional market for arrhythmia
monitoring devices will likely secure the second position globally. The
regional market's growth is being driven by the occurrences of cardiac
disorders across the region.
The Asia-Pacific regional arrhythmia monitoring
devices market will record the highest growth rate over the forecasted era. The
regional market's growth is being driven by the increasing disposable income,
developing healthcare infrastructure, rising integration of the latest
technologies, increasing geriatric population, and availability of portable and
home-based arrhythmia monitors.
The Middle East & African region is likely to
witness steady growth given the presence of untapped market opportunities and
limited access and healthcare affordability.
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