
Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size, Share, and Analysis, By Cardiac Monitoring Devices (Implantable Loop Recorder, ECG Devices, Event Monitors, Cardiac Output Monitoring), By Rhythm Management Devices (Defibrillators, Cardi
Description
Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size, Share, and Analysis, By Cardiac Monitoring Devices (Implantable Loop Recorder, ECG Devices, Event Monitors, Cardiac Output Monitoring), By Rhythm Management Devices (Defibrillators, Cardiac Resynchronization Therapy Devices, Pacemakers), By End-User (Hospitals, Home & Ambulatory Care, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size, Share, and Analysis, By Cardiac Monitoring Devices (Implantable Loop Recorder, ECG Devices, Event Monitors, Cardiac Output Monitoring), By Rhythm Management Devices (Defibrillators, Cardiac Resynchronization Therapy Devices, Pacemakers), By End-User (Hospitals, Home & Ambulatory Care, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Cardiac Monitoring & Cardiac Rhythm Management Devices Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 31.2 billion and is projected to reach USD 75.8 billion by the completion of 2034.
Cardiac monitoring refers to continuous observation and recording of the electrical activity and rhythm of the heart to detect irregularities and anomalies. It uses various devices such as electrocardiogram (ECG or EKG) monitors, along with Holter monitors and implantable loop recorders. These tools provide important data for diagnosing and managing heart conditions such as arrhythmias and heart block. In contrast, cardiac rhythm management devices are specially designed instruments, that are used to manage and treat abnormal heart rhythms. This category includes pacemakers, implantable cardioverter-defibrillators, and cardiac resynchronization therapy devices. Pacemakers send electrical signals to manage heartbeats in individuals with slow heart rates and implantable cardioverter-defibrillators deliver shocks to restore normal rhythms during dangerous arrhythmias. Cardiac resynchronization therapy devices synchronize the contractions of heart chambers to improve pumping efficiency in patients with heart failure. Thus, cardiac monitoring and cardiac rhythm management devices are important for diagnosing and treating various cardiac conditions, which ultimately improves the quality of life of heart patients.
MARKET HIGHLIGHTS
Cardiac Monitoring & Cardiac Rhythm Management Devices Market is projected to reach USD 75.8 billion over the forecast period, due to several improvements in technology, such as reduction in the size of devices, along with wireless connectivity and data analytics. Alongside, the rising cases of cardiovascular diseases, such as heart rhythm disorders, are a major contributor to the growth of the cardiac monitoring & cardiac rhythm management devices market. In addition, demographic changes, like an aging population and lifestyle changes are leading to high heart-related ailments, that further boost the adoption of these devices. Furthermore, the adoption of remote monitoring solutions and telemedicine practices in the post-COVID-19 era is improving the penetration of heart monitoring and rhythm management devices within the market. Consequently, the cardiac monitoring & cardiac rhythm management devices market shows promising growth prospects owing to innovations and healthcare initiatives.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market Segments:
- By Cardiac Monitoring Devices
- Implantable Loop Recorder
- ECG Devices
- Event Monitors
- Cardiac Output Monitoring
- By Rhythm Management Devices
- Defibrillators
- Cardiac Resynchronization Therapy Devices
- Pacemakers
- By End-User
- Hospitals
- Home & Ambulatory Care
- Others
Growth Drivers
Innovations in Technology will Encourage Growth in the Cardiac Monitoring & Rhythm Management Devices Market
Increasing Prevalence of Cardiovascular Diseases Will Act as a Catalyst
Restraint
Cost Restraints in the Cardiac Monitoring & Cardiac Rhythm Management Devices Market Will Impact the Growth
Key Players
- Medtronic plc
- Abbott Laboratories
- Boston Scientific Corporation
- Biotronik SE & Co. KG
- Philips Healthcare
- General Electric Company
- St. Jude Medical, Inc.
- Siemens Healthineers AG
- Microport Scientific Corporation
- Hill-Rom Holdings, Inc.
- LivaNova PLC
- Edwards Lifesciences Corporation
- Nihon Kohden Corporation
- BioTelemetry, Inc.
- Cardiac Science Corporation
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
405 Pages
- 1. Executive Summary
- 1.1.Regional Market Share
- 1.2. Business Trends
- 1.3.Cardiac Monitoring & Cardiac Rhythm Management Devices Market: COVID-19 Outbreak
- 1.4.Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2.Research Approach
- 2.3.Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1. Paid Sources
- 2.5.2.Public Sources
- 2.6.Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2.Cardiac Monitoring & Cardiac Rhythm Management Devices Market: COVID-19 Impact
- 3.3.Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Cardiac Monitoring & Cardiac Rhythm Management Devices Market – Industry Insights
- 4.1.Industry Segmentation
- 4.2. COVID-19 overview of world economy
- 4.3. Industry Ecosystem Channel Analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7.Market Dynamics
- 7.1. Introduction
- 7.2.Growth Drivers
- 7.3.Market Opportunities
- 7.4. Market Restraints
- 7.5.Market Trends
- 8. Risk Analysis
- 9. Market Analysis
- 9.1. Porter's Five Forces
- 9.2.PEST Analysis
- 9.2.1. Political
- 9.2.2.Economic
- 9.2.3.Social
- 9.2.4.Technological
- 10. Cardiac Monitoring & Cardiac Rhythm Management Devices Market
- 10.1.Overview
- 10.2. Historical Analysis (2019-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11.Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size & Forecast 2024A-2034F
- 11.1.Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1. By Cardiac Monitoring Devices
- 11.3.1.1. Implantable Loop Recorder
- 11.3.1.1.1. By Value (USD Million) 2024-2034F
- 11.3.1.1.2.Market Share (%) 2024-2034F
- 11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.1.2.ECG Monitors
- 11.3.1.2.1.By Value (USD Million) 2024-2034F
- 11.3.1.2.2. Market Share (%) 2024-2034F
- 11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.1.3.Event Monitors
- 11.3.1.3.1.By Value (USD Million) 2024-2034F
- 11.3.1.3.2. Market Share (%) 2024-2034F
- 11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.1.4.Cardiac Output Monitoring
- 11.3.1.4.1.By Value (USD Million) 2024-2034F
- 11.3.1.4.2. Market Share (%) 2024-2034F
- 11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.2. By Rhythm Management Devices
- 11.3.2.1.Defibrillators
- 11.3.2.1.1.By Value (USD Million) 2024-2034F
- 11.3.2.1.2. Market Share (%) 2024-2034F
- 11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.2.2. Cardiac Resynchronization Therapy Devices
- 11.3.2.2.1. By Value (USD Million) 2024-2034F
- 11.3.2.2.2.Market Share (%) 2024-2034F
- 11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.2.3. Pacemakers
- 11.3.2.3.1. By Value (USD Million) 2024-2034F
- 11.3.2.3.2.Market Share (%) 2024-2034F
- 11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.3. By End-User
- 11.3.3.1.Hospitals
- 11.3.3.1.1.By Value (USD Million) 2024-2034F
- 11.3.3.1.2. Market Share (%) 2024-2034F
- 11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.2. Home & Ambulatory Care
- 11.3.3.2.1. By Value (USD Million) 2024-2034F
- 11.3.3.2.2.Market Share (%) 2024-2034F
- 11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
- 12. North America Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size & Forecast 2024A-2034F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Cardiac Monitoring Devices
- 12.3.2.By Rhythm Management Devices
- 12.3.3.End-User
- 12.4. Country
- 12.4.1.United States
- 12.4.2. Canada
- 13. Europe Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size & Forecast 2024A-2034F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Cardiac Monitoring Devices
- 13.3.2.By Rhythm Management Devices
- 13.3.3.End-User
- 13.4. Country
- 13.4.1.Germany
- 13.4.2.United Kingdom
- 13.4.3.France
- 13.4.4. Italy
- 13.4.5.Spain
- 13.4.6.Russia
- 13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14. Asia-Pacific Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size & Forecast 2024A-2034F
- 14.1.Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Cardiac Monitoring Devices
- 14.3.2.By Rhythm Management Devices
- 14.3.3.End-User
- 14.4. Country
- 14.4.1. India
- 14.4.2.China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15. Middle East and Africa Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size & Forecast 2024A-2034F
- 15.1.Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Cardiac Monitoring Devices
- 15.3.2.By Rhythm Management Devices
- 15.3.3.End-User
- 15.4. Country
- 15.4.1.Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4.South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size & Forecast 2024A-2034F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Cardiac Monitoring Devices
- 16.3.2.By Rhythm Management Devices
- 16.3.3.End-User
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1. Company market share, 2023
- 17.2.Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. Medtronic plc
- 18.1.1.Company Overview
- 18.1.2.Financial Overview
- 18.1.3.Key Product; Analysis
- 18.1.4.Company Assessment
- 18.1.4.1.Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2.Abbott Laboratories
- 18.3.Boston Scientific Corporation
- 18.4.Biotronik SE & Co. KG
- 18.5.Philips Healthcare
- 18.6.General Electric Company
- 18.7.St. Jude Medical, Inc.
- 18.8.Siemens Healthineers AG
- 18.9.Microport Scientific Corporation
- 18.10.Hill-Rom Holdings, Inc.
- 18.11. LivaNova PLC
- 18.12.Edwards Lifesciences Corporation
- 18.13.Nihon Kohden Corporation
- 18.14.BioTelemetry, Inc.
- 18.15.Cardiac Science Corporation
- 18.16.Other Prominent Players
- 19. Appendix
- 20.Consultant Recommendation
Pricing
Currency Rates
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