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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