Arrhythmia Monitoring Devices Market size worth $9.0 Billion, globally, by 2028 at a 6.12% CAGR: Verified Market Research®

Jersey City, New Jersey, March 7, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Arrhythmia Monitoring Devices MarketBy Type (ECG Monitors, Implantable Monitors), By Application (Tachycardia, Bradycardia, Atrial Fibrillation), By End User (Hospitals & Diagnostic Centers, Ambulatory Centers), and By Geography. According to verified market research, the global devices of Arrhythmia Monitoring Market size has been assessed at $5.6 billion in 2020 and is expected to reach $9.0 billion by 2028, growing at a CAGR of 6.12% from 2021 to 2028.

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Global Arrhythmia Monitoring Devices Market Overview

Rising incidence of cardiovascular diseases, supportive government policies and increasing adoption of low cost ECG services among the low income group are the factors driving the growth of the global arrhythmia monitoring devices market. However, the growing emphasis on technological advancements and innovations is poised to explode the growth of the market. Additionally, an increase in arrhythmia monitoring device product recalls and complications related to these devices could negatively impact the market growth. Patient-activated devices will only record what the patient recognizes as symptomatic events.

Patients may also have difficulty activating the recorder during symptom onset, which may result in partial recording of the event. These limitations will not apply to event-enabled automatic recorders as they can record both symptomatic and asymptomatic arrhythmias. In addition, depending on the programming used, the device may activate dispensable may not record during certain symptomatic events. New modern technological advancements enabling remote monitoring of cardiac rhythm in patients will be the major driver for the growth of the arrhythmia monitoring devices market.

Key developments

  • In January 2020, Biotronik announced the launch of a new injectable cardiac monitor, BIOMONITOR III, allowing the detection of irregular heart rhythms. Such new product launches with technological development will increase the company’s growth potential.
  • In May 2019Abbott announced the launch of a next-generation cardiac monitor for the detection of cardiac arrhythmias in the United States and Europe. This launch provided business expansion opportunities for the company in emerging economies.

Key players

Major market players are BIOTRONIK, iRhythm, Medi-Lynx, Medtronic, Fukuda Denshi Co., Ltd. St. Jude Medical (Abbott), AliveCor, Inc., GE Healthcare, Applied Cardiac Systems, BioTelemetry, Inc., among others.

Verified Market Research has segmented the global arrhythmia monitoring devices market on the basis of type, application, end-user, and geography.

  • Arrhythmia Monitoring Devices Market, By Type
    • ECG monitors
    • Implantable monitors
    • Holter monitors
    • Mobile Cardiac Telemetry
  • Arrhythmia Monitoring Devices Market, By Application
    • Tachycardia
    • Bradycardia
    • Atrial fibrillation
    • Premature contraction
    • Others
  • Arrhythmia Monitoring Devices Market, By End Use
    • Hospitals and diagnostic centers
    • Ambulatory centers
    • Others
  • Arrhythmia Monitoring Devices Market by Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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