The Global Cardiac Arrhythmias Monitoring Devices Market is forecast to reach USD 9.99 Billion by 2028, according to a new report by Reports and Data.

The growth of the cardiac arrhythmias monitoring industry has been driven by various factors, including the increasing incidence of arrhythmias and associated mortality rates. Governments have responded to this trend by increasing their investments in the industry, leading to advancements in monitoring devices like mobile cardiac telemetry devices. These improvements have increased the ease of use and applicability of these devices, which has further contributed to market growth. Moreover, cardiac arrhythmias monitoring devices have diverse applications beyond heartbeat recording, such as emergency alerts for care providers, further promoting the sector.

In context to region, North America holds the largest market share because of the easy availability of technologically advanced arrhythmia-monitoring devices in this region and an increase in the prevalence of cardiac arrhythmias. There has also been an increased investment for R&D in this region, contributing to market dominance in this region.

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Further key findings from the report suggest

• Availability of low-cost ECG services and devices is having a positive impact on the growth of the sector.
• Increased awareness level about cardiac health and arrhythmias is also boosting the growth of this industry.
• In regards to devices, the resting ECG devices segment is leading the market and is forecasted to occupy 37% of the market share by 2028 with a CAGR of 7.2% during the forecast period. The reason for this segment to lead the market is applicability in detecting arrhythmias in an individual is in a resting position, making it applicable in hospital admissions.
• Constant focus on technological advancement in the monitoring devices segment is also boosting the growth rate of the industry.
• In regards to the technology segment, digital health technology holds the largest market share of 36% in the year 2020, with a growth rate of 6.9% during the forecast period. Factors contributing to its market share are a long association in the healthcare industry and its applicability in transferring data that helps in managing the health condition.
• In context to the distribution channel, the dominance of retail pharmacies is observable that holds 69% of the market in 2020, and it is forecasted to witness a growth rate of 6.7%. Factors like the requirement of expert understanding for distributing the devices and specific regulations regulating the market are the boosting factors for the industry in this segment.
• The broad applicability of cardiac arrhythmias monitoring devices in the management of arrhythmias is one of the major contributing factors for its growth. In regards to application, atrial fibrillation occupies the largest market share of 30% in 2020 with a growth rate of 6.9% during the forecast period. The high rate of prevalence of the condition makes the application of the devices necessary for its management and results in its market dominance.
• In the end users segment, hospitals occupy the largest market share of 36% in 2020 with the highest growth rate of 7.2% during the forecast period. Factors like rise in the prevalence of arrhythmias, and related hospital admissions are the contributing reasons for its market dominance.
• North America is forecasted to hold the largest market share of 33% of the market by 2028, with a growth rate of 6.9% during the forecast period. Presence of technologically advanced arrhythmia monitoring devices and a high prevalence of cardiac arrhythmias results in boosting the market in this region.
• Key participants include iRhythm Technologies, Welch Allyn, Applied Cardiac Systems, Medtronic, Biotelemetry, Cardiac Science Corporation, Spacelabs Healthcare, Fukuda Denshi, Preventice Solutions, Jude Medical, Nihon Kohden Corporation, AliveCor, and NUUBO Smart Solutions Technologies.

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For the purpose of this report, Reports and Data have segmented the global cardiac arrhythmias monitoring devices market based on Device Type, Technology, Distribution channel, Application and End-user, and Region:

Device Type Outlook (Revenue, USD Billion; 2020-2028)

• Mobile Cardiac Telemetry Devices
• Resting ECG Devices
• Holter Monitors
• ECG Stress Test Devices
• Ambulatory ECG

Technology Type Outlook (Revenue, USD Billion; 2020-2028)

• Mobile Cardiac Telemetry Monitoring (MCT/MCOT)
• Digital Health Technology
• Smart Wearable ECG Monitors
• Artificial Intelligence

Distribution channel Type Outlook (Revenue, USD Billion; 2020-2028)

• Retail pharmacies
• Online pharmacies

Application Type Outlook (Revenue, USD Billion; 2020-2028)

• Ventricular Fibrillation
• Atrial Fibrillation
• Bradycardia
• Premature Contraction
• Conduction Disorders
• Tachycardia

End-user Outlook (Revenue, USD Billion; 2020-2028)

• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers
• Homecare Settings
• R&D Centers

Regional Outlook (Revenue, USD Billion; 2020-2028)

• North America
  • U.S.
• Europe
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• MEA
• Latin America
  • Brazil

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