Market Overview:
The global wearable cardiac device market is expected to grow at a CAGR of 10.8% 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 devices, and rising demand for home healthcare services. The global wearable cardiac device market is segmented on the basis of type into holter monitors, patch sensors, defibrillators, and other devices. The holter monitor segment is expected to account for the largest share of the global wearable cardiac device market in 2018 owing to its high usage rate for long-term patient monitoring. The patch sensor segment is projected to grow at the highest CAGR during the forecast period due its growing popularity among patients and physicians owing to its small size and ease of use. On the basis of application,the global wearable cardiac device market is divided into home healthcare services, remote patient monitoring services, and others (including point-of-care testing (POCT), clinical research studies).
Product Definition:
A wearable cardiac device is a small, electronic device that is worn on the body to monitor heart function. It collects data about heart rhythm and activity that can be used to diagnose and treat heart conditions.
Holter Monitors:
The global Holter monitors, it's usage and growth factor in wearable cardiac device market size was valued at USD 6.1 million in 2015 and is expected to grow at a CAGR of XX% during the forecast period. The factors that are driving this growth include rising incidence rate of Cardiovascular Diseases (CVDs) due to unhealthy lifestyle coupled with increasing geriatric population base which is prone to heart diseases.
Patch:
The global patch and it's usage in wearable cardiac device market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for minimally invasive surgeries, technological advancements such as miniaturization of electronics & biosensors, development of wireless technologies along with growing applications in home healthcare are some major factors driving the growth of this market globally.
Application Insights:
The home healthcare segment dominated the global wearable cardiac device market in 2017. This can be attributed to a rise in demand for automatic external defibrillators (AEDs) and advanced life support systems among other devices. According to the CDC, more than 400,000 sudden cardiac arrest (SCA) deaths occur every year in the U.S., making it one of the leading causes of death across all age groups. Thus, increasing awareness about early diagnosis and treatment is driving consumers towards wearable devices that offer automated external defibrillator functionality at home without requiring any medical expertise or training.
Patch-based ECG monitoring held a significant share as well as revenue share within the home healthcare segment owing to its ability to provide real-time data on patient's condition without necessitating an ambulance ride or transferral to hospital emergency department for further evaluation and testing procedures respectively which are majorly conducted based on paper-based electrocardiography (ECG).
Regional Analysis:
North America dominated the global wearable cardiac device market in 2017. The growing geriatric population and an increasing number of cardiovascular diseases are some of the major factors contributing to regional growth. In addition, favorable reimbursement policies for advanced devices and a well-developed healthcare infrastructure are expected to drive the market over the forecast period. Europe is also anticipated to witness considerable growth during the forecast period owing to its aging population and rising incidences of heart diseases such as cardiac arrests, which require immediate medical attention using wearable devices.
Asia Pacific region is projected to exhibit lucrative growth over the next eight years due with rapid economic development coupled with improving healthcare facilities in emerging countries such as China, India, Singapore & Malaysia; South Korea; Indonesia & Thailand.; Philippines & Japan.
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising awareness about the benefits of wearable cardiac devices
- Technological advancements in wearable cardiac devices
- Increasing demand for minimally invasive procedures
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Cardiac Device Market Research Report
By Type
Holter Monitors, Patch, Defibrillator, Others
By Application
Home Healthcare, Remote Patient Monitoring, Others
By Companies
iRhythm Technologies Inc., Hill-Rom Services, Inc, VitalConnect, ZOLL Medical Corporation, BioTelemetry Inc, Hemodynamics Company, Proteus Digital Health, Schiller AG, Philips Healthcare, GE Healthcare
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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Cardiac Device Market Report Segments:
The global Wearable Cardiac Device market is segmented on the basis of:
Types
Holter Monitors, Patch, Defibrillator, 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
Home Healthcare, Remote Patient Monitoring, 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:
- iRhythm Technologies Inc.
- Hill-Rom Services, Inc
- VitalConnect
- ZOLL Medical Corporation
- BioTelemetry Inc
- Hemodynamics Company
- Proteus Digital Health
- Schiller AG
- Philips Healthcare
- GE Healthcare
Highlights of The Wearable Cardiac Device 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 Monitors
- Patch
- Defibrillator
- Others
- By Application:
- Home Healthcare
- Remote Patient Monitoring
- 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 Wearable Cardiac Device 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:
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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?
A wearable cardiac device is a small, battery-powered medical device that is worn on the body to monitor heart health. Wearable cardiac devices can be used to detect abnormalities in the heart's rhythm and blood flow, and can provide real-time alerts if there are any changes.
Some of the key players operating in the wearable cardiac device market are iRhythm Technologies Inc., Hill-Rom Services, Inc, VitalConnect, ZOLL Medical Corporation, BioTelemetry Inc, Hemodynamics Company, Proteus Digital Health, Schiller AG, Philips Healthcare, GE Healthcare.
The wearable cardiac device market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Cardiac Device 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 Wearable Cardiac Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Cardiac Device 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 Wearable Cardiac Device 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 Wearable Cardiac Device Market Size & Forecast, 2020-2028
4.5.1 Wearable Cardiac Device Market Size and Y-o-Y Growth
4.5.2 Wearable Cardiac Device 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 Monitors
5.2.2 Patch
5.2.3 Defibrillator
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 Home Healthcare
6.2.2 Remote Patient Monitoring
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Cardiac Device 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 Wearable Cardiac Device 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 Monitors
9.6.2 Patch
9.6.3 Defibrillator
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 Home Healthcare
9.10.2 Remote Patient Monitoring
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 Monitors
10.6.2 Patch
10.6.3 Defibrillator
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 Home Healthcare
10.10.2 Remote Patient Monitoring
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 Monitors
11.6.2 Patch
11.6.3 Defibrillator
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 Home Healthcare
11.10.2 Remote Patient Monitoring
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 Monitors
12.6.2 Patch
12.6.3 Defibrillator
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 Home Healthcare
12.10.2 Remote Patient Monitoring
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 Monitors
13.6.2 Patch
13.6.3 Defibrillator
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 Home Healthcare
13.10.2 Remote Patient Monitoring
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 Wearable Cardiac Device Market: Competitive Dashboard
14.2 Global Wearable Cardiac Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 iRhythm Technologies Inc.
14.3.2 Hill-Rom Services, Inc
14.3.3 VitalConnect
14.3.4 ZOLL Medical Corporation
14.3.5 BioTelemetry Inc
14.3.6 Hemodynamics Company
14.3.7 Proteus Digital Health
14.3.8 Schiller AG
14.3.9 Philips Healthcare
14.3.10 GE Healthcare
