Market Overview:
The global heart beat monitor and sensor 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 incidence of cardiovascular diseases, technological advancements in cardiac monitoring devices, and rising demand for home-based cardiac monitoring devices. Based on type, the global heart beat monitor and sensor market is segmented into diagnostic monitoring equipment and specialized monitoring equipment. The diagnostic monitoring equipment segment is further sub-segmented into ECG monitors, Holter monitors, event recorders, stress test systems, echocardiography systems (TTE/TEE), intracardiac ultrasound systems (ICUS), cardiopulmonary exercise testing systems (CPET), ambulatory blood pressure monitors (ABPMs), pulse oximeters & other diagnostic devices. The specialized monitoring equipment segment includes pacemakers & implantable cardioverter defibrillators (ICDs) and cardiac resynchronization therapy (CRT) devices. Based on application, the global heart beat monitor and sensor market is divided into hospital settings, clinic settings, home care settings,,and others segments which include research institutes & universities etcetera).
Product Definition:
A heart beat monitor is a device that is used to measure the heart rate. This can be done through either taking a pulse or using an electronic sensor. The sensor will attach to the skin and will use electrical signals to measure the heart rate. This information can then be used to help doctors diagnose conditions or problems with the heart.
Diagnostic Monitoring Equipment:
The global diagnostic monitoring equipment market is expected to witness significant growth over the forecast period. The key drivers attributing to this growth include rising incidences of cardiovascular diseases, increasing demand for home healthcare and remote patient monitoring devices, technological advancements in cardiac monitors and sensors along with supportive government initiatives.
Specialized Monitoring Equipment:
Specialized monitoring equipment is used in heart beat monitor and sensor market for continuous patient monitoring. It includes sensors, monitors, defibrillators, ECG machines and accessories. The demand for these devices has increased owing to rising awareness about cardiovascular diseases along with increasing mortality rate due to lack of timely treatment by doctors or ambulatory care centers.
Application Insights:
The market is segmented into hospital, clinic, home care setting and others. The hospital segment dominated the overall market in terms of revenue in 2017 owing to a high prevalence of cardiovascular diseases and an increasing number of surgeries. According to the WHO, around 1 billion people suffer from heart disease worldwide which results in about 300,000 deaths every year. Moreover, technological advancements such as development of wearable ECG devices will further boost product demand over the forecast period.
Clinic application is expected to be one of the fastest-growing segments during the forecast period due to rising awareness regarding early detection and treatment procedures for various cardiac disorders coupled with growing investments by major players for R&D activities pertaining to heart beat monitoring equipment at clinics or hospitals where patients are admitted for ongoing treatments or surgeries.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced technology and increasing demand for home care devices. Moreover, rising awareness about cardiac disorders is also expected to drive growth over the forecast period. Asia Pacific is expected to witness lucrative growth during the forecast period due to improving healthcare facilities and growing medical tourism in emerging economies such as India and China. In addition, favorable government initiatives are also anticipated to boost regional product demand during the forecast period. For instance, ‘Hospital Improvement Program’ by Ministry of Health Labor & Welfare (Japan) aims at establishing new hospitals based on international standards with emphasis on quality patient care through continuous improvement activities including hospital design & architecture; equipment selection; service delivery systems; management practices etc.
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising demand for early diagnosis and treatment of CVDs
- Technological advancements in heart beat monitor and sensor devices
- Increasing awareness about heart health
Scope Of The Report
Report Attributes
Report Details
Report Title
Heart Beat Monitor And Sensor Market Research Report
By Type
Diagnostic Monitoring Equipment, Specialized Monitoring Equipment
By Application
Hospital, Clinic, Home Care Setting, Others
By Companies
Polar Global, Garmin, 4iiii Innovations, LifeTrak, Wahoo Fitness, Medtronic, Cardiosport, Suunto
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Heart Beat Monitor And Sensor Market Report Segments:
The global Heart Beat Monitor And Sensor market is segmented on the basis of:
Types
Diagnostic Monitoring Equipment, Specialized Monitoring Equipment
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
Hospital, Clinic, Home Care Setting, 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:
- Polar Global
- Garmin
- 4iiii Innovations
- LifeTrak
- Wahoo Fitness
- Medtronic
- Cardiosport
- Suunto
Highlights of The Heart Beat Monitor And Sensor 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:
- Diagnostic Monitoring Equipment
- Specialized Monitoring Equipment
- By Application:
- Hospital
- Clinic
- Home Care Setting
- 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 Heart Beat Monitor And Sensor 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?
A heart beat monitor is a medical device that measures the number of heart beats per minute. A sensor is a component of a heart beat monitor that collects data about the heartbeat.
Some of the major players in the heart beat monitor and sensor market are Polar Global, Garmin, 4iiii Innovations, LifeTrak, Wahoo Fitness, Medtronic, Cardiosport, Suunto.
The heart beat monitor and sensor market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heart Beat Monitor And Sensor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heart Beat Monitor And Sensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heart Beat Monitor And Sensor Market - Supply Chain
4.5. Global Heart Beat Monitor And Sensor Market Forecast
4.5.1. Heart Beat Monitor And Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heart Beat Monitor And Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heart Beat Monitor And Sensor Market Absolute $ Opportunity
5. Global Heart Beat Monitor And Sensor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heart Beat Monitor And Sensor Market Size and Volume Forecast by Type
5.3.1. Diagnostic Monitoring Equipment
5.3.2. Specialized Monitoring Equipment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heart Beat Monitor And Sensor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heart Beat Monitor And Sensor Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. Home Care Setting
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heart Beat Monitor And Sensor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heart Beat Monitor And Sensor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heart Beat Monitor And Sensor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heart Beat Monitor And Sensor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heart Beat Monitor And Sensor Demand Share Forecast, 2019-2026
9. North America Heart Beat Monitor And Sensor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heart Beat Monitor And Sensor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heart Beat Monitor And Sensor Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. Home Care Setting
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heart Beat Monitor And Sensor Market Size and Volume Forecast by Type
9.7.1. Diagnostic Monitoring Equipment
9.7.2. Specialized Monitoring Equipment
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heart Beat Monitor And Sensor Demand Share Forecast, 2019-2026
10. Latin America Heart Beat Monitor And Sensor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heart Beat Monitor And Sensor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heart Beat Monitor And Sensor Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. Home Care Setting
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heart Beat Monitor And Sensor Market Size and Volume Forecast by Type
10.7.1. Diagnostic Monitoring Equipment
10.7.2. Specialized Monitoring Equipment
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heart Beat Monitor And Sensor Demand Share Forecast, 2019-2026
11. Europe Heart Beat Monitor And Sensor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heart Beat Monitor And Sensor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heart Beat Monitor And Sensor Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. Home Care Setting
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heart Beat Monitor And Sensor Market Size and Volume Forecast by Type
11.7.1. Diagnostic Monitoring Equipment
11.7.2. Specialized Monitoring Equipment
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heart Beat Monitor And Sensor Demand Share, 2019-2026
12. Asia Pacific Heart Beat Monitor And Sensor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heart Beat Monitor And Sensor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heart Beat Monitor And Sensor Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. Home Care Setting
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heart Beat Monitor And Sensor Market Size and Volume Forecast by Type
12.7.1. Diagnostic Monitoring Equipment
12.7.2. Specialized Monitoring Equipment
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heart Beat Monitor And Sensor Demand Share, 2019-2026
13. Middle East & Africa Heart Beat Monitor And Sensor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heart Beat Monitor And Sensor Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heart Beat Monitor And Sensor Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. Home Care Setting
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heart Beat Monitor And Sensor Market Size and Volume Forecast by Type
13.7.1. Diagnostic Monitoring Equipment
13.7.2. Specialized Monitoring Equipment
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heart Beat Monitor And Sensor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heart Beat Monitor And Sensor Market: Market Share Analysis
14.2. Heart Beat Monitor And Sensor Distributors and Customers
14.3. Heart Beat Monitor And Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Polar Global
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Garmin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. 4iiii Innovations
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LifeTrak
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wahoo Fitness
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Medtronic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cardiosport
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Suunto
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
