What is Global Ambulatory Cardiac Monitoring Equipment Market?
The Global Ambulatory Cardiac Monitoring Equipment Market is a specialized sector within the healthcare industry that focuses on the production and distribution of ambulatory cardiac monitoring devices. These devices are designed 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 conditions that may not be noticeable during a routine checkup. The market is driven by the increasing prevalence of cardiovascular diseases worldwide, advancements in technology, and the growing need for remote patient monitoring. However, the high cost of these devices and the lack of awareness about them in developing countries may hinder the market's growth. The market was valued at US$ 961.9 million in 2022 and is expected to reach US$ 1283.2 million by 2029, growing at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2029.
Holter Monitor, Event Monitors, Mobile Cardiac Telemetry, Other in the Global Ambulatory Cardiac Monitoring Equipment Market:
The Global Ambulatory Cardiac Monitoring Equipment Market is segmented into Holter Monitors, Event Monitors, Mobile Cardiac Telemetry, and Others. Holter Monitors are portable devices that record the heart's electrical activity for 24 to 48 hours. They are commonly used to detect arrhythmias or other heart conditions that may not be noticeable during a routine checkup. Event Monitors are similar to Holter Monitors, but they only record the heart's activity when the wearer presses a button, indicating they are experiencing symptoms. Mobile Cardiac Telemetry is a newer technology that allows for real-time monitoring and transmission of heart data to healthcare providers. The "Others" category includes devices like implantable loop recorders, which are placed under the skin and can monitor heart rhythms for up to three years.
Hospitals, Ambulatory Care Centers, Other in the Global Ambulatory Cardiac Monitoring Equipment Market:
The Global Ambulatory Cardiac Monitoring Equipment Market finds its application in various areas such as Hospitals, Ambulatory Care Centers, and Others. Hospitals are the largest users of these devices due to the high volume of patients they handle and the need for continuous monitoring of patients with heart conditions. Ambulatory Care Centers, on the other hand, use these devices for outpatient procedures and follow-up care. The "Others" category includes home healthcare settings and research institutions. The use of these devices in home healthcare is expected to grow significantly in the coming years due to the increasing preference for remote patient monitoring and the convenience it offers.
Global Ambulatory Cardiac Monitoring Equipment Market Outlook:
The Global Ambulatory Cardiac Monitoring Equipment Market is expected to witness significant growth in the coming years. In 2022, the market was valued at US$ 961.9 million and is projected to reach US$ 1283.2 million by 2029, growing at a CAGR of 4.1% during the forecast period from 2023 to 2029. North America held the largest share of the global revenue market in 2019, accounting for 48.82%. This was followed by Europe and Asia-Pacific, which accounted for 22.49% and 18.56% of the global market share, respectively. The growth in these regions can be attributed to the high prevalence of cardiovascular diseases, advancements in technology, and the increasing adoption of remote patient monitoring.
| Report Metric | Details |
| Report Name | Ambulatory Cardiac Monitoring Equipment Market |
| Accounted market size in 2023 | US$ 1007.4 million |
| Forecasted market size in 2029 | US$ 1283.2 million |
| CAGR | 4.1 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment 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 |
