Market Overview:
The global ambulatory cardiac monitoring devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in cardiac monitoring devices, and rising demand for home-based cardiac monitoring devices. The global ambulatory cardiac monitoring devices market is segmented on the basis of type into holter monitor, event monitor, mobile cardiac telemetry (MCT), and others. The holter monitor segment is expected to account for the largest share of the global ambulatory cardiac monitoring devices market in 2018. This can be attributed to its low cost and easy portability compared with other types of monitors. The event monitor segment is projected to grow at a higher CAGR during the forecast period owing to its growing use in clinical settings for diagnosing arrhythmias and other heart conditions. On the basis of application, hospitals accounted for the largest share of the global ambulatory cardiac monitoring devices market in 2017; however, Ambulatory Care Centers are projected to grow at a higher CAGR duringthe forecast period due their growing use as outpatient clinics for diagnosis.
Product Definition:
Ambulatory cardiac monitoring devices are used to continuously monitor a person's heart rhythm. This allows healthcare professionals to detect cardiac arrhythmias (abnormal heart rhythms) and intervene if necessary. Ambulatory cardiac monitoring devices are important because they can help prevent serious health complications, such as stroke or heart attack.
Holter Monitor:
The global Holter monitor market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The rising prevalence of Cardiovascular Diseases (CVDs) and increasing demand for home healthcare are some factors that are expected to drive the growth of this industry during the forecast period.
Event Monitor:
An event monitor is a device used to record the occurrence of cardiac events such as contractions or heartbeats. It is placed on the skin near the chest and can be connected by wires to an electrocardiograph or an ECG machine. The data obtained from these monitors are analyzed by software that displays various graphs and statistics about heart functioning.
The global ambulatory cardiac monitoring devices market was valued at USD 2,64,000 in 2016.
Application Insights:
The market is segmented into hospitals, ambulatory care centers, and others. The hospitals segment dominated the market in 2017 owing to factors such as increasing prevalence of cardiac diseases and growing geriatric population. Ambulatory care centers are anticipated to be the fastest-growing segment over the forecast period due to rising awareness about ECM devices among healthcare providers. According to a study published by NCBI in 2018, it was estimated that around 60 million people have heart attack or stroke every year globally which contributes towards growth of this segment.
ECM devices help detect life-threatening conditions early on so that appropriate treatment can be initiated quickly before any further complications arise during ongoing treatment process at hospital or outpatient settings. This helps reduce costs associated with emergency department visits and hospitalization as well as reduces mortality rate significantly compared to traditional methods used for detecting such conditions at present time (such as relying on patient's symptoms).
Regional Analysis:
North America held the largest market share in 2017. The growth of this region is attributed to the increasing prevalence of cardiac disorders, rising adoption of ambulatory monitoring devices, and high demand for technologically advanced products. Moreover, presence of major players such as Abbott Laboratories; Appleton Medical Center; Carestream Health; GE Healthcare; Philips Healthcare is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to factors such as improving healthcare infrastructure and growing target population base especially in India & China with a rapidly aging population that suffers from various cardiac diseases.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs) across the globe is expected to drive the demand for ambulatory cardiac monitoring devices over the forecast period.
- Growing geriatric population is also anticipated to fuel the growth of this market as they are more susceptible to CVDs.
- Technological advancements in cardiac monitoring devices will result in their wider adoption, thereby propelling the market growth.
- Rising awareness about early diagnosis and treatment of heart conditions will boost demand for ambulatory cardiac monitoring devices over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ambulatory Cardiac Monitoring Devices Market Research Report
By Type
Holter Monitor, Event Monitor, Mobile Cardiac Telemetry, Others
By Application
Hospitals, Ambulatory Care Centers, Others
By Companies
Medtronic, Abbott, GE Healthcare, Philips Healthcare, Hill-Rom, Medicomp, Schiller, Spacelabs Healthcare, Applied Cardiac Systems, iRhythm, Bio Telemetry, Medicalgorithmics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Ambulatory Cardiac Monitoring Devices Market Report Segments:
The global Ambulatory Cardiac Monitoring Devices market is segmented on the basis of:
Types
Holter Monitor, Event Monitor, Mobile Cardiac Telemetry, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Care Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Abbott
- GE Healthcare
- Philips Healthcare
- Hill-Rom
- Medicomp
- Schiller
- Spacelabs Healthcare
- Applied Cardiac Systems
- iRhythm
- Bio Telemetry
- Medicalgorithmics
Highlights of The Ambulatory Cardiac Monitoring Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Holter Monitor
- Event Monitor
- Mobile Cardiac Telemetry
- Others
- By Application:
- Hospitals
- Ambulatory Care Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ambulatory Cardiac Monitoring Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ambulatory cardiac monitoring devices are a type of medical device that is used to monitor the heart. These devices can be worn on the body or placed in a hospital room. They can be used to detect signs of heart disease, such as irregular heartbeat, and help doctors diagnose and treat these conditions.
Some of the key players operating in the ambulatory cardiac monitoring devices market are Medtronic, Abbott, GE Healthcare, Philips Healthcare, Hill-Rom, Medicomp, Schiller, Spacelabs Healthcare, Applied Cardiac Systems, iRhythm, Bio Telemetry, Medicalgorithmics.
The ambulatory cardiac monitoring devices market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ambulatory Cardiac Monitoring Devices Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Ambulatory Cardiac Monitoring Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ambulatory Cardiac Monitoring Devices Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Ambulatory Cardiac Monitoring Devices Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Ambulatory Cardiac Monitoring Devices Market Size & Forecast, 2020-2028 4.5.1 Ambulatory Cardiac Monitoring Devices Market Size and Y-o-Y Growth 4.5.2 Ambulatory Cardiac Monitoring Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Holter Monitor
5.2.2 Event Monitor
5.2.3 Mobile Cardiac Telemetry
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Care Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ambulatory Cardiac Monitoring Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ambulatory Cardiac Monitoring Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Holter Monitor
9.6.2 Event Monitor
9.6.3 Mobile Cardiac Telemetry
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Care Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Holter Monitor
10.6.2 Event Monitor
10.6.3 Mobile Cardiac Telemetry
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Care Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Holter Monitor
11.6.2 Event Monitor
11.6.3 Mobile Cardiac Telemetry
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Care Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Holter Monitor
12.6.2 Event Monitor
12.6.3 Mobile Cardiac Telemetry
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Care Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Holter Monitor
13.6.2 Event Monitor
13.6.3 Mobile Cardiac Telemetry
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Care Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ambulatory Cardiac Monitoring Devices Market: Competitive Dashboard
14.2 Global Ambulatory Cardiac Monitoring Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott
14.3.3 GE Healthcare
14.3.4 Philips Healthcare
14.3.5 Hill-Rom
14.3.6 Medicomp
14.3.7 Schiller
14.3.8 Spacelabs Healthcare
14.3.9 Applied Cardiac Systems
14.3.10 iRhythm
14.3.11 Bio Telemetry
14.3.12 Medicalgorithmics