What is Global Ambulatory Cardiac Monitoring Market?
The Global Ambulatory Cardiac Monitoring Market is a specialized sector within the healthcare industry that focuses on the provision of ambulatory (or outpatient) cardiac monitoring devices. These devices are designed to monitor and record the electrical activity of the heart in patients who are not hospitalized but require constant monitoring due to cardiac conditions. The market encompasses a variety of devices, including Holter monitors, event monitors, mobile cardiac telemetry devices, and others. The market's value was estimated at US$ 961.9 million in 2022, and it is projected 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 Market:
Holter monitors, event monitors, and mobile cardiac telemetry are some of the key products in the Global Ambulatory Cardiac Monitoring Market. Holter monitors are portable devices that record the heart's electrical activity continuously for 24 to 48 hours. They are typically used to detect irregular heart rhythms that may not be captured during a standard electrocardiogram (ECG). Event monitors, on the other hand, are used to record the heart's electrical activity only when symptoms occur. They can be worn for weeks or even months, allowing for the detection of infrequent or unpredictable arrhythmias. Mobile cardiac telemetry is a newer technology that allows for real-time monitoring of the heart's electrical activity. It can transmit data wirelessly to a remote monitoring center, enabling immediate response to any detected abnormalities. Other products in the market include implantable loop recorders and smart wearable devices that can monitor heart rate and rhythm.
Hospitals, Ambulatory Care Centers, Other in the Global Ambulatory Cardiac Monitoring Market:
The Global Ambulatory Cardiac Monitoring Market serves a variety of end-users, including hospitals, ambulatory care centers, and others. Hospitals are a major end-user of these devices, as they are often used in the diagnosis and monitoring of patients with cardiac conditions. Ambulatory care centers, which provide outpatient services, also make extensive use of these devices. They allow for continuous monitoring of patients' heart activity without the need for hospitalization, thereby reducing healthcare costs and improving patient comfort. Other end-users include home care settings and physician offices, where these devices can be used for routine monitoring of patients with chronic cardiac conditions.
Global Ambulatory Cardiac Monitoring Market Outlook:
The Global Ambulatory Cardiac Monitoring Market was valued at nearly a billion dollars in 2022 and is expected to grow significantly over the next few years. By 2029, the market is projected to exceed US$ 1283.2 million, reflecting a steady CAGR of 4.1% during the forecast period from 2023 to 2029. The market's growth is largely driven by the increasing prevalence of cardiac diseases and the growing need for efficient and cost-effective cardiac monitoring solutions. North America holds the largest share of the market, accounting for nearly half of the global revenue in 2019. Europe and Asia-Pacific follow, with market shares of 22.49% and 18.56%, respectively. These regions' market shares are indicative of the high demand for ambulatory cardiac monitoring devices in developed healthcare systems and the growing awareness and adoption of these devices in emerging markets.
| Report Metric | Details |
| Report Name | Ambulatory Cardiac Monitoring Market |
| Accounted market size in 2022 | US$ 1013 million |
| Forecasted market size in 2029 | US$ 1348.9 million |
| CAGR | 4.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| 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 |
