The global market for heart beat irregularity detection devices is on a trajectory for significant expansion, according to a recent industry report. Projections indicate the market will grow from its 2023 valuation of USD 13.4 million to USD 20.7 million by 2033, reflecting a robust compound annual growth rate (CAGR) of 4.5%.
This growth is primarily driven by the increasing demand for early detection of cardiac arrhythmias, a crucial aspect in ensuring optimal patient care. Early identification of heart irregularities enables timely interventions, enhancing patient outcomes and providing healthcare providers with the tools they need to make informed decisions for effective treatment.
While the COVID-19 pandemic temporarily affected the market, shifting focus to pandemic response efforts, the demand for heart arrhythmia detection remained resilient. In fact, the pandemic underscored the importance of remote patient monitoring, which is expected to drive greater adoption of these devices moving forward. With the decline in COVID-19 cases and the resumption of normal healthcare operations, the market for heart beat irregularity detection devices is poised for a strong recovery and further growth.
Healthcare providers are increasingly seeking innovative solutions to improve care delivery, with remote monitoring technologies playing a pivotal role in patient management. This evolving trend is expected to accelerate market growth, positioning heart beat irregularity detection devices as an essential component of modern healthcare practices.
As healthcare systems continue to adapt to new demands and priorities, the future for heart arrhythmia detection devices looks promising, offering enhanced patient care and the potential for breakthrough advancements in cardiovascular health.
Key Takeaways:
- The Holter monitor segment of the heart beat irregularity detection devices market was worth more than USD 2.8 billion in 2021, and it is predicted to expand significantly during the forecast period.
- During the analysis period, the tachycardia monitoring devices sector is expected to increase at a 6.8% CAGR based on application.
- By the end of the year, the heart beat irregularity detection devices market for resting ECG devices is expected to be worth more than USD 2.8 billion, with a CAGR of 4.6% during the projection period.
- The largest region, North America, has a high heart beat irregularity detection devices market attractiveness rating. By the end of the projected period, the heart beat irregularity detection devices market in this area is expected to be worth USD 2,900 Million.
- During the projection period, the mobile heart beat irregularity detection devices market sector is expected to increase at a substantial rate, with a CAGR of 8.4%.
- With a 5.8% CAGR, the ventricular fibrillation segment is expected to achieve a heart beat irregularity detection devices market worth over USD 2,500 Million.
- During the projection period in heart beat irregularity detection devices market, the hospitals segment is expected to develop at a high CAGR of 6.9%.
Increased Market Attention: Delve into Detailed Trends and Analysis with Our Report!
Competitive Landscape:
- Philips agreed to buy Cardiology, a medical technology startup focusing on combining cloud technology and artificial intelligence to enhance heart diagnostics, in November 2021. (AI). This purchase expands the company’s heart beat irregularity detection devices product line, providing revenue growth potential in the market.
- The Federal Commission for the Protection against Sanitary Risk (COFEPRIS) gave AliveCor permission to launch KardiaMobile in Mexico in February 2020. The business has teamed up with Inpharamo to roll out the medical-grade ECG across the United States. As a result, the firm has been able to extend its global reach as well as its client base.
Key Companies Profiled:
- Alive Cor
- Applied Cardiac Systems
- Biotronik
- Biotricity
- GE Healthcare
- iRhythm Technologies
- Koninklijke Philips N.V.
- Medtronic plc.
- Nihon Kohden Corporation
- St. Jude Medical (Abbott Laboratories)
- Welch Allyn (Hillrom Services, Inc.)
- NUUBO Smart Solutions Technologies, SL
- Spacelabs Healthcare, Inc. (OSI Systems, Inc.)
- Fukuda Denshi Co., Ltd.
- Schiller AG
- Mortara Instrument Inc.
- BPL Medical Technologies
- Lepu Medical Technology(Beijing) Co., Ltd
Key Segments Covered in Heart Beat Irregularity Detection Device Industry Research:
Devices:
- Holter Monitor
- Event Recorder
- Mobile Cardiac Telemetry
- Implantable Cardiac Monitor
- Electrocardiogram
- Others
Applications:
- Tachycardia
- Atrial Tachycardia
- Ventricular Tachycardia
- Bradycardia
- Premature Contraction
- Others
End-User:
- Hospitals and Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
- Homecare Settings
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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