Market Overview:
The global ambulatory cardiac monitoring system market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the 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 system market is segmented by type into holter monitor, event monitors, mobile cardiac telemetry (MCT), and other devices. The holter monitor segment is expected to dominate the market during the forecast period owing to its low cost and easy portability. However, MCT systems are witnessing high growth due to their ability to provide real-time data on heart activity over an extended period of time. The global ambulatory cardiac monitoring system market is also segmented by application into hospitals, ambulatory care centers (ACCs), and other applications such as research institutes and homecare settings. Hospitals are expected to account for the largest share of the market during the forecast period owingtothe increasing number of patients with cardiovascular diseases who require continuous long-termmonitoring.
Product Definition:
Ambulatory cardiac monitoring system is a device that continuously monitors the heart rhythm of a person who is walking around. It helps to detect any abnormal heart rhythms and provide information about the patient's heart health.
Holter Monitor:
A Holter monitor is a diagnostic device used to evaluate the heart rhythm of patients. It is placed on the patient’s body and continuously monitors electrical activities in the heart. The data obtained from this monitor is sent to an external device, which then displays the results on a screen. This device also helps in monitoring other conditions such as atrial fibrillation, ventricular tachycardia, or bradycardia that may lead to complications during treatment procedures.
Event Monitors:
An event monitor is a device used to record the heart rate during exercise or physical activity. It is an external wearable device that can be connected to a smartphone app, which allows tracking of the HRV and also sharing data with others. The main function of event monitors in ambulatory cardiac monitoring system is to provide information about the overall health of patients suffering from cardiovascular diseases (CVDs) and assist doctors in diagnosing them.
The global market for event monitors.
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 presence of a large patient base with cardiac diseases and high prevalence of atrial fibrillation which require frequent monitoring. Furthermore, an increase in the number of cardiovascular surgeries has led to an increased demand for ECG monitoring devices which are used for detecting any abnormality during surgery. This factor is expected to drive growth over the forecast period.
The ambulatory care centers segment is expected to grow at a significant rate over the forecast period due to increasing awareness about early detection among patients suffering from chest pain or discomfort who seek medical attention at walk-in clinics or urgent care clinics without prior appointment.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of manufacturers, suppliers, and end users in this region. Moreover, increasing demand for ECG monitoring services due to growing prevalence of cardiac disorders is expected to drive growth during the forecast period. According to data published by National Center for Health Statistics (NCHS), around 18% population aged 25 years and above was suffering from heart diseases such as hypertension or coronary heart disease in 2015.
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs) across the globe is one of the key growth drivers for ambulatory cardiac monitoring system market. According to World Health Organization (WHO), CVDs are responsible for approximately 17.3 million deaths each year, which is 31% of all global deaths. This number is expected to rise in coming years due to increasing aging population and changing lifestyle habits such as smoking and physical inactivity.
- Rising geriatric population is another major growth driver for ambulatory cardiac monitoring system market as incidence of CVDs increases with age. According to United Nations Department of Economic and Social Affairs Population Division, around 809 million people or 12% of world’s population will be aged 60 years or above by 2050, up from 542 million (8%) in 2017. This will create significant demand for ambulatory cardiac monitoring systems over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ambulatory Cardiac Monitoring System Market Research Report
By Type
Holter Monitor, Event Monitors, Mobile Cardiac Telemetry, Other
By Application
Hospitals, Ambulatory Care Centers, Other
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Ambulatory Cardiac Monitoring System Market Report Segments:
The global Ambulatory Cardiac Monitoring System market is segmented on the basis of:
Types
Holter Monitor, Event Monitors, Mobile Cardiac Telemetry, Other
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, Other
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 System 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 Monitors
- Mobile Cardiac Telemetry
- Other
- By Application:
- Hospitals
- Ambulatory Care Centers
- Other
- 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 System 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.
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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?
An ambulatory cardiac monitoring system (ACMS) is a wearable device that monitors the heart rate, rhythm, and blood pressure of an individual. The ACMS can be used to detect changes in these parameters that may indicate a problem with the heart.
Some of the major companies in the ambulatory cardiac monitoring system 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 system 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 System 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 System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ambulatory Cardiac Monitoring System 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 System 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 System Market Size & Forecast, 2020-2028
4.5.1 Ambulatory Cardiac Monitoring System Market Size and Y-o-Y Growth
4.5.2 Ambulatory Cardiac Monitoring System 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 Monitors
5.2.3 Mobile Cardiac Telemetry
5.2.4 Other
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 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ambulatory Cardiac Monitoring System 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 System 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 Monitors
9.6.3 Mobile Cardiac Telemetry
9.6.4 Other
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 Other
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 Monitors
10.6.3 Mobile Cardiac Telemetry
10.6.4 Other
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 Other
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 Monitors
11.6.3 Mobile Cardiac Telemetry
11.6.4 Other
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 Other
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 Monitors
12.6.3 Mobile Cardiac Telemetry
12.6.4 Other
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 Other
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 Monitors
13.6.3 Mobile Cardiac Telemetry
13.6.4 Other
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 Other
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 System Market: Competitive Dashboard
14.2 Global Ambulatory Cardiac Monitoring System 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
