What is Global Ambulatory Cardiac Monitoring Devices Market?
The Global Ambulatory Cardiac Monitoring Devices Market is a comprehensive study of the various devices used for ambulatory cardiac monitoring worldwide. These devices are used to monitor and record the heart's electrical activity while a person goes about their daily activities. They are typically used to detect irregular heart rhythms, or arrhythmias, which can be a sign of various heart conditions. The market for these devices is growing due to the increasing prevalence of cardiovascular diseases, the aging population, and advancements in technology. However, the high cost of these devices and lack of awareness about them in some regions are some of the challenges faced by this market. The market was valued at US$ 961.9 million in 2022 and is expected to reach US$ 1331.7 million by 2029, growing at a CAGR of 4.7% during the forecast period 2023-2029.
Holter Monitor, Event Monitor, Mobile Cardiac Telemetry, Others in the Global Ambulatory Cardiac Monitoring Devices Market:
The Global Ambulatory Cardiac Monitoring Devices Market is segmented based on the type of device, including Holter Monitor, Event Monitor, Mobile Cardiac Telemetry, and others. The Holter Monitor is a portable device that records the heart's electrical activity continuously for 24 to 48 hours. The Event Monitor is a device that records the heart's electrical activity only when the patient experiences symptoms. Mobile Cardiac Telemetry is a newer technology that allows real-time monitoring of the heart's electrical activity using a small, wearable device. Other devices in this market include implantable loop recorders and cardiac output monitors. Each of these devices has its own advantages and disadvantages, and their usage depends on the specific needs of the patient.
Hospitals, Ambulatory Care Centers, Others in the Global Ambulatory Cardiac Monitoring Devices Market:
The Global Ambulatory Cardiac Monitoring Devices Market also varies based on the end-user, including hospitals, ambulatory care centers, and others. Hospitals are the largest end-users of these devices due to the high volume of patients they handle. Ambulatory care centers are also significant end-users as they provide outpatient services, including cardiac monitoring. Other end-users include home care settings and clinics. The usage of these devices in different settings depends on various factors such as the severity of the patient's condition, the availability of skilled personnel, and the cost of the device.
Global Ambulatory Cardiac Monitoring Devices Market Outlook:
The Global Ambulatory Cardiac Monitoring Devices Market outlook highlights the growth and trends in this market. In 2022, the market was valued at US$ 961.9 million. It is expected to grow at a CAGR of 4.7% during the forecast period 2023-2029, reaching US$ 1331.7 million by 2029. North America accounted for the largest share of the global revenue in 2019, with 48.82%, followed by Europe with 22.49% and Asia-Pacific with 18.56%. This distribution of market share is due to various factors such as the prevalence of cardiovascular diseases, the availability of advanced healthcare infrastructure, and the awareness about these devices in these regions.
| Report Metric | Details |
| Report Name | Ambulatory Cardiac Monitoring Devices Market |
| Accounted market size in 2022 | US$ 961.9 million |
| Forecasted market size in 2029 | US$ 1331.7 million |
| CAGR | 4.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Medtronic, Abbott, GE Healthcare, Philips Healthcare, Hill-Rom, Medicomp, Schiller, Spacelabs Healthcare, Applied Cardiac Systems, iRhythm, Bio Telemetry, Medicalgorithmics |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
