The Cardiac Monitoring Devices Market is expected to reach USD 48.58 billion by 2032
From GlobeNewswire: 2025-01-06 08:00:00
The Cardiac Monitoring Devices Market was valued at USD 29.15 billion in 2023 and is expected to reach USD 48.58 billion by 2032, with a CAGR of 5.84%. Growth is driven by technology advancements, increasing heart disease prevalence, and demand for remote monitoring solutions in healthcare. Major players include Medtronic, Abbott, and Boston Scientific Corporation.
The market’s growth is fueled by rising cardiovascular disease incidence worldwide, driven by sedentary lifestyles and poor diet. The supply chain is expanding with innovations in wireless monitoring devices and home care solutions. User-friendly, cost-effective devices and AI-based technology are enhancing market growth and global access to cardiac health monitoring.
Cardiovascular Devices dominated the market in 2023, with a 40% market share due to their essential role in diagnosing and treating heart-related conditions. Multi-parameter ECG Monitors accounted for 30% of the market share, crucial for tracking vital signs in patients with complex heart conditions. The demand for these monitors is expected to remain high for comprehensive diagnostics.
North America held over 35% of the global market share in 2023, driven by high healthcare spending and advanced medical infrastructure. Europe and Asia-Pacific are also significant contributors, with Europe benefiting from better healthcare accessibility and government support, while Asia-Pacific is expected to see the fastest growth due to rising heart disease prevalence and healthcare investments.
Recent developments in the market include Monitra Health securing a US patent for wireless monitoring technology, Octagos Health raising funds for AI-driven monitoring solutions, OMRON Healthcare India partnering with AliveCor for AI-powered home monitoring devices, and WearLinq acquiring AMI Cardiac Monitoring to enhance its product offerings in the market. The Cardiac Monitoring Devices Market Analysis & Outlook Report for 2024-2032 is now available for purchase as a single-user PDF. The report includes key points such as market dynamics impact analysis, statistical insights, competitive landscape, regional analysis, and company profiles. Access the full report details at the provided link. SNS Insider is a leading market research and consulting agency offering valuable insights to clients worldwide through various research techniques. Visit https://www.snsinsider.com/checkout/1021 for more information.
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