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Global Ambulatory Cardiac Monitoring Devices Market Report and Forecast 2024-2032
Market Report I 2023-09-08 I 160 Pages I EMR Inc.
Ambulatory Cardiac Monitoring Devices Market Report and Forecast 2024-2032
Ambulatory Cardiac Monitoring Devices Market Outlook
The ambulatory cardiac monitoring devices market was valued USD 6.4 billion in 2023, driven by differences in healthcare infrastructure, patient awareness, and economic factors across the globe. The market size is anticipated to grow at a CAGR of 10% during the forecast period of 2024-2032 to achieve a value of USD 15 billion by 2032.
Ambulatory Cardiac Monitoring Devices: Introduction
Ambulatory cardiac monitoring devices are medical devices designed to monitor and record a patient's heart activity over an extended period, typically outside of a hospital or clinical setting. These devices are used to diagnose and track various cardiac conditions, such as arrhythmias, palpitations, and other irregularities in heart rhythm. Unlike traditional in-hospital monitoring, ambulatory cardiac monitoring allows patients to continue their daily activities while their heart's electrical activity is continuously recorded and analyzed. These devices have become integral tools in cardiology, enabling accurate diagnosis, informed treatment decisions, and improved management of cardiac conditions. As technology advances, ambulatory cardiac monitoring devices continue to evolve, offering enhanced features for data analysis, patient comfort, and seamless integration with healthcare systems.
Key Trends in the Ambulatory Cardiac Monitoring Devices Market
- Technological Advancements: The ambulatory cardiac monitoring devices market was witnessing continuous technological advancements, leading to the development of smaller, more comfortable, and user-friendly devices. These advancements included improved ECG sensors, wireless connectivity, longer battery life, and enhanced data analysis capabilities.
- Remote Monitoring and Telehealth Integration: The integration of ambulatory cardiac monitoring devices with telehealth platforms and remote monitoring systems was becoming more prevalent. This trend was driven by the need for continuous patient monitoring, especially during the COVID-19 pandemic, when remote healthcare services gained prominence.
- Wearable Devices: Wearable ambulatory cardiac monitoring devices, such as patch monitors and smartwatches with ECG capabilities, were gaining popularity. These devices offered convenience, comfort, and real-time data transmission, allowing patients and healthcare professionals to monitor heart activity more effectively.
- Data Analytics and Artificial Intelligence: Data generated by ambulatory cardiac monitoring devices were increasingly being analyzed using advanced data analytics and artificial intelligence (AI) algorithms. These technologies helped identify patterns, anomalies, and trends in cardiac data, aiding in more accurate diagnosis and personalized treatment planning.
Ambulatory Cardiac Monitoring Devices Market Segmentations
The market can be categorised into type, end user, and region.
Market Breakup by Type
- ECG Devices
o Resting ECG Devices
o Stress ECG Devices
- Holter Monitors
- Event Monitors
- Implantable Loop Recorders
- Mobile Cardiac Telemetry
Market Breakup by End User
- Hospitals and Clinics
- Ambulatory Care Centres
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Ambulatory Cardiac Monitoring Devices Market Overview
The ambulatory cardiac monitoring devices market was experiencing significant growth and transformation due to the increasing prevalence of cardiac conditions, technological advancements, and the growing adoption of remote monitoring solutions. The ambulatory cardiac monitoring devices market was witnessing steady growth, driven by the rising incidence of cardiac arrhythmias, heart diseases, and related conditions. The global market was projected to expand due to the increasing awareness of cardiovascular health, especially among aging populations. The market's reach was global, with demand and adoption varying across regions due to differences in healthcare infrastructure, patient awareness, and economic factors.
In North America, a mature healthcare system and prevalent cardiac conditions led to a substantial market share for ambulatory cardiac monitoring devices. Advancements in technology, favourable reimbursement, and heightened heart health awareness drove growth. Europe, including the UK, Germany, and France, saw a significant presence due to well-established healthcare and digital health integration. The Asia Pacific region's adoption rose with cardiovascular disease burden and heart health awareness, especially in China, Japan, India, and Australia, benefiting from improved healthcare and technology. Latin America's demand grew, driven by expanding access and cardiac awareness in countries like Brazil, Mexico, and Argentina, aided by economic factors and medical tech progress. The Middle East and parts of Africa gradually expanded due to improved healthcare, awareness campaigns, and economic development fostering ambulatory cardiac monitoring device adoption.
Key Players in the Ambulatory Cardiac Monitoring Devices Market
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in ambulatory cardiac monitoring devices market are as follows:
- Abbott
- Boston Scientific Corporation
- GE Healthcare
- Cardinal Health
- Hill-Rom Holdings
- Koninklijke Philips N.V.
- Medtronic
- Nihon Kohden Corporation
- Asahi Kasei Corporation
- BIOTRONIK SE & Co KG
- BPL Medical Technologies
- iRhythm Technologies, Inc.
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1Preface
1.1Objectives of the Study
1.2Key Assumptions
1.3Report Coverage - Key Segmentation and Scope
1.4Research Methodology
2Executive Summary
3Global Ambulatory Cardiac Monitoring Devices Market Overview
3.1Global Ambulatory Cardiac Monitoring Devices Market Historical Value (2017-2023)
3.2Global Ambulatory Cardiac Monitoring Devices Market Forecast Value (2024-2032)
4Global Ambulatory Cardiac Monitoring Devices Market Landscape
4.1Global Ambulatory Cardiac Monitoring Devices Developers Landscape
4.1.1Analysis by Year of Establishment
4.1.2Analysis by Company Size
4.1.3Analysis by Region
4.2Global Ambulatory Cardiac Monitoring Devices Product Landscape
4.2.1Analysis by Type
5Global Ambulatory Cardiac Monitoring Devices Market Dynamics
5.1Market Drivers and Constraints
5.2SWOT Analysis
5.3Porter's Five Forces Model
5.4Key Demand Indicators
5.5Key Price Indicators
5.6Industry Events, Initiatives, and Trends
5.7Value Chain Analysis
6Global Ambulatory Cardiac Monitoring Devices Market Segmentation
6.1Global Ambulatory Cardiac Monitoring Devices Market by Type
6.1.1Market Overview
6.1.2ECG Devices
6.1.2.1Resting ECG Devices
6.1.2.2Stress ECG Devices
6.1.3Holter Monitors
6.1.4Event Monitors
6.1.5Implantable Loop Recorders
6.1.6Mobile Cardiac Telemetry
6.2Global Ambulatory Cardiac Monitoring Devices Market by End User
6.2.1Market Overview
6.2.2Hospitals and Clinics
6.2.3Ambulatory Care Centers
6.2.4Others
6.3Global Ambulatory Cardiac Monitoring Devices Market by Region
6.3.1Market Overview
6.3.2North America
6.3.3Europe
6.3.4Asia Pacific
6.3.5Latin America
6.3.6Middle East and Africa
7North America Ambulatory Cardiac Monitoring Devices Market
7.1Market Share by Country
7.2United States of America
7.3Canada
8Europe Ambulatory Cardiac Monitoring Devices Market
8.1Market Share by Country
8.2United Kingdom
8.3Germany
8.4France
8.5Italy
8.6Others
9Asia Pacific Ambulatory Cardiac Monitoring Devices Market
9.1Market Share by Country
9.2China
9.3Japan
9.4India
9.5ASEAN
9.6Australia
9.7Others
10Latin America Ambulatory Cardiac Monitoring Devices Market
10.1Market Share by Country
10.2Brazil
10.3Argentina
10.4Mexico
10.5Others
11Middle East and Africa Ambulatory Cardiac Monitoring Devices Market
11.1Market Share by Country
11.2Saudi Arabia
11.3United Arab Emirates
11.4Nigeria
11.5South Africa
11.6Others
12Patent Analysis
12.1Analysis by Type of Patent
12.2Analysis by Publication year
12.3Analysis by Issuing Authority
12.4Analysis by Patent Age
12.5Analysis by CPC Analysis
12.6Analysis by Patent Valuation
12.7Analysis by Key Players
13Grants Analysis
13.1Analysis by year
13.2Analysis by Amount Awarded
13.3Analysis by Issuing Authority
13.4Analysis by Grant Application
13.5Analysis by Funding Institute
13.6Analysis by NIH Departments
13.7Analysis by Recipient Organization
14Funding Analysis
14.1Analysis by Funding Instances
14.2Analysis by Type of Funding
14.3Analysis by Funding Amount
14.4Analysis by Leading Players
14.5Analysis by Leading Investors
14.6Analysis by Geography
15Partnership and Collaborations Analysis
15.1Analysis by Partnership Instances
15.2Analysis by Type of Partnership
15.3Analysis by Leading Players
15.4Analysis by Geography
16Regulatory Framework
16.1Regulatory Overview
16.1.1US FDA
16.1.2EU EMA
16.1.3INDIA CDSCO
16.1.4JAPAN PMDA
16.1.5Others
17Supplier Landscape
17.1Abbott
17.1.1Financial Analysis
17.1.2Product Portfolio
17.1.3Demographic Reach and Achievements
17.1.4Mergers and Acquisitions
17.1.5Certifications
17.2Boston Scientific Corporation
17.2.1Financial Analysis
17.2.2Product Portfolio
17.2.3Demographic Reach and Achievements
17.2.4Mergers and Acquisitions
17.2.5Certifications
17.3GE Healthcare
17.3.1Financial Analysis
17.3.2Product Portfolio
17.3.3Demographic Reach and Achievements
17.3.4Mergers and Acquisitions
17.3.5Certifications
17.4Cardinal Health
17.4.1Financial Analysis
17.4.2Financial Portfolio
17.4.3Demographic Reach and Achievements
17.4.4Mergers and Acquisitions
17.4.5Certifications
17.5Hill-Rom Holdings
17.5.1Financial Analysis
17.5.2Product Portfolio
17.5.3Demographic Reach and Achievements
17.5.4Mergers and Acquisitions
17.5.5Certifications
17.6Koninklijke Philips N.V.
17.6.1Financial Analysis
17.6.2Product Portfolio
17.6.3Demographic Reach and Achievements
17.6.4Mergers and Acquisitions
17.6.5Certifications
17.7Medtronic
17.7.1Financial Analysis
17.7.2Product Portfolio
17.7.3Demographic Reach and Achievements
17.7.4Mergers and Acquisitions
17.7.5Certifications
17.8Nihon Kohden Corporation
17.8.1Financial Analysis
17.8.2Product Portfolio
17.8.3Demographic Reach and Achievements
17.8.4Mergers and Acquisitions
17.8.5Certifications
17.9Asahi Kasei Corporation
17.9.1Financial Analysis
17.9.2Product Portfolio
17.9.3Demographic Reach and Achievements
17.9.4Mergers and Acquisitions
17.9.5Certifications
17.10BIOTRONIK SE & Co KG
17.10.1Financial Analysis
17.10.2Product Portfolio
17.10.3Demographic Reach and Achievements
17.10.4Mergers and Acquisitions
17.10.5Certifications
17.11BPL Medical Technologies
17.11.1Financial Analysis
17.11.2Product Portfolio
17.11.3Demographic Reach and Achievements
17.11.4Mergers and Acquisitions
17.11.5Certifications
17.12iRhythm Technologies, Inc.
17.12.1Financial Analysis
17.12.2Product Portfolio
17.12.3Demographic Reach and Achievements
17.12.4Mergers and Acquisitions
17.12.5Certifications
18Global Ambulatory Cardiac Monitoring Devices Market - Distribution Model (Additional Insight)
18.1Overview
18.2Potential Distributors
18.3Key Parameters for Distribution Partner Assessment
19Key Opinion Leaders (KOL) Insights (Additional Insight)
20Company Competitiveness Analysis (Additional Insight)
20.1Very Small Companies
20.2Small Companies
20.3Mid-Sized Companies
20.4Large Companies
20.5Very Large Companies
21Payment Methods (Additional Insight)
21.1Government Funded
21.2Private Insurance
21.3Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
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