Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size, Share, Trends and Forecast 2032

Cardiac Monitoring & Cardiac Rhythm Management Devices Market Insights

According to a report from Zion Market Research, the global Cardiac Monitoring & Cardiac Rhythm Management Devices Market was valued at USD 15.89 Billion in 2023 and is projected to hit USD 27.87 Billion by 2032, with a compound annual growth rate (CAGR) of 6.44% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Cardiac Monitoring & Cardiac Rhythm Management Devices industry over the next decade.

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The cardiac monitoring & cardiac rhythm management devices include devices that basically help the patients to manage and treat arrhythmia-related diseases. The primary focus of cardiac monitoring in the ED setting is on monitoring arrhythmias, myocardial infarction, and QT-interval monitoring. It is a method for diagnosis that is noninvasive.

As part of electrocardiography, monitoring of the heart rate can be carried out, but it can also be easily assessed with specialized heart rate monitors. Performers of different forms of physical activity use these heart rate monitors to a significant degree.

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Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Growth Factors

The major factors responsible for the growth of the global cardiac monitoring & cardiac rhythm management devices market include the growing frequency of cardiovascular diseases, increasing consciousness regarding heart monitoring in patients, technological improvements, and an increase in private organizational nursing and home care.

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Segmentation

The global cardiac monitoring & cardiac rhythm management devices market can be segmented based on cardiac monitoring devices, cardiac rhythm management devices, end-user, and regions. The cardiac monitoring devices segment of the market is divided into implantable loop recorders, ECG devices, event monitors, and cardiac output monitoring. The event monitors segment of the market is sub-segmented into event monitors, by technology, and event monitors, by type. The event monitors, by technology segment of the market, are diversified into manual event monitors and auto detects event monitors. The event monitors, by type segment of the market, are classified into post-symptom and pre-symptom.

The ECG Devices segment of the market is divided into ECG devices, by lead type and ECG devices, by type. The ECG devices, by lead type segment of the market is sub-segmented into 3 to 6-lead ECG devices, single-lead ECG devices, 12-lead ECG devices, and others. The ECG devices, by type segments of the market, are classified into stress ECG, resting ECG, and Holter monitor. The cardiac rhythm management devices segment of the cardiac monitoring & cardiac rhythm management devices market is sub-segmented into defibrillators, cardiac resynchronization therapy devices, and pacemakers. The defibrillators segment of the market is classified into manual external defibrillators, implantable defibrillators, automated external defibrillators, and external defibrillators. The end-user segment of the market is divided into hospitals, home & ambulatory care, and others.

Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Report Scope

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Regional Analysis

North America is anticipated to dominate the global cardiac monitoring & cardiac rhythm management devices market in the near future owing to the increasing prevalence of heart failure & arrhythmia, the increasing aging population, and growing patient alertness regarding the accessibility of treatment choices. Asia-Pacific region is also expected to grow at a higher rate in the coming period in the market.

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Competitive Players

The major players in the cardiac monitoring & cardiac rhythm management devices market are:

• St. Jude Medical, Inc.
• GE Healthcare
• Cardiac Science Corporation
• Philips Healthcare
• Mortara Instrument, Inc.
• Medtronic plc
• Boston Scientific Corporation
• LivaNova PLC.

The other players in the market include:

• SCHILLER AG
• Hill-Rom Holdings, Inc.
• Nihon Kohden Corporation
• Abiomed, Inc.
• General Electric Company
• Biotronik SE & Co. KG
• Jarvik Heart, Inc.
• Koninklijke Philips N.V.
• Berlin Heart GmbH
• ReliantHeart Inc.

The report segments the Global Cardiac Monitoring & Cardiac Rhythm Management Devices market as follows:

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Cardiac monitoring devices Segment Analysis

• Implantable loop recorder
• ECG devices
• Event monitors
• Cardiac output monitoring

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Cardiac rhythm management devices Segment Analysis

• Defibrillators
  • Manual external defibrillators
  • Home & ambulatory care defibrillators
  • Automated external defibrillators
  • External defibrillators
• Cardiac resynchronization therapy devices
• Pacemakers

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: End-user Segment Analysis

• Hospitals
• Home & ambulatory care
• Others

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa