Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size, Trends, Analysis, and Outlook By Type (ECG Devices, Implantable Loop Recorders, Mobile Cardiac Telemetry Devices, Cardiac Output Monitoring Devices, Event Monitors, Smart ECG Monitors), By Defibrillators (Implantable Cardioverter Defibrillators, External Defibrillators, Pacemakers), By End-User (Hospitals, Clinics, Cardiac Centers, Ambulatory Surgery Centers, Others), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: C808DF7DFA1EEN
VPAResearch

Abstracts

The global Cardiac Monitoring and Cardiac Rhythm Management Devices market size is poised to register 7.4% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Cardiac Monitoring and Cardiac Rhythm Management Devices market across By Type (ECG Devices, Implantable Loop Recorders, Mobile Cardiac Telemetry Devices, Cardiac Output Monitoring Devices, Event Monitors, Smart ECG Monitors), By Defibrillators (Implantable Cardioverter Defibrillators, External Defibrillators, Pacemakers), By End-User (Hospitals, Clinics, Cardiac Centers, Ambulatory Surgery Centers, Others)

The cardiac monitoring and cardiac rhythm management devices market is driven by the increasing prevalence of cardiovascular diseases, advancements in implantable cardiac devices, and the need for remote patient monitoring and arrhythmia management. By 2030, the market is anticipated to witness significant growth, fueled by innovations in implantable cardioverter-defibrillators (ICDs), cardiac resynchronization therapy (CRT) devices, and implantable loop recorders (ILRs). Further, expanding applications in heart failure management, atrial fibrillation detection, and sudden cardiac death prevention are expected to drive market expansion, enabling cardiologists and electrophysiologists to optimize patient care, reduce hospitalizations, and prolong survival in patients with cardiac arrhythmias and heart failure.

Cardiac Monitoring and Cardiac Rhythm Management Devices Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Cardiac Monitoring and Cardiac Rhythm Management Devices market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Cardiac Monitoring and Cardiac Rhythm Management Devices survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Cardiac Monitoring and Cardiac Rhythm Management Devices industry.

Key market trends defining the global Cardiac Monitoring and Cardiac Rhythm Management Devices demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Cardiac Monitoring and Cardiac Rhythm Management Devices Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Cardiac Monitoring and Cardiac Rhythm Management Devices industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Cardiac Monitoring and Cardiac Rhythm Management Devices companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Cardiac Monitoring and Cardiac Rhythm Management Devices industry

Leading Cardiac Monitoring and Cardiac Rhythm Management Devices companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Cardiac Monitoring and Cardiac Rhythm Management Devices companies.

Cardiac Monitoring and Cardiac Rhythm Management Devices Market Study- Strategic Analysis Review

The Cardiac Monitoring and Cardiac Rhythm Management Devices market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Cardiac Monitoring and Cardiac Rhythm Management Devices industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Cardiac Monitoring and Cardiac Rhythm Management Devices Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Cardiac Monitoring and Cardiac Rhythm Management Devices market segments. Similarly, Strong market demand is encouraging Canadian Cardiac Monitoring and Cardiac Rhythm Management Devices companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Cardiac Monitoring and Cardiac Rhythm Management Devices market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Cardiac Monitoring and Cardiac Rhythm Management Devices industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Cardiac Monitoring and Cardiac Rhythm Management Devices market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Cardiac Monitoring and Cardiac Rhythm Management Devices in Asia Pacific. In particular, China, India, and South East Asian Cardiac Monitoring and Cardiac Rhythm Management Devices markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Cardiac Monitoring and Cardiac Rhythm Management Devices market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Cardiac Monitoring and Cardiac Rhythm Management Devices.

Cardiac Monitoring and Cardiac Rhythm Management Devices Market Company Profiles

The global Cardiac Monitoring and Cardiac Rhythm Management Devices market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Abbott Laboratories, Abiomed Inc, ACS Diagnostics Inc, Asahi Kasei Corp, BioTelemetry Inc, BIOTRONIK SE and Co KG, Boston Scientific Corp, Fukuda Denshi Co. Ltd, GE Healthcare Inc, HILL ROM HOLDINGS Inc, InfoBionic Inc, Integrated Sensing Systems Inc, iRhythm Technologies Inc, Koninklijke Philips NV, Medtronic Plc, MicroPort Scientific Corp, Nihon Kohden Corp, OSI Systems Inc, Preventice Solutions Inc, SCHILLER AG.

Recent Cardiac Monitoring and Cardiac Rhythm Management Devices Market Developments

The global Cardiac Monitoring and Cardiac Rhythm Management Devices market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Cardiac Monitoring and Cardiac Rhythm Management Devices Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:

By Type

ECG Devices

Implantable Loop Recorders

Mobile Cardiac Telemetry Devices

Cardiac Output Monitoring Devices

Event Monitors

Smart ECG Monitors

By Defibrillators

Implantable Cardioverter Defibrillators

-Transvenous Implantable Cardioverter Defibrillators (T-ICDs)

-Subcutaneous Implantable Cardioverter Defibrillators (T-ICDs)

External Defibrillators

-Automated External Defibrillators

-Manual External Defibrillators

-Wearable Cardioverter Defibrillators

Pacemakers

-Implantable Pacemakers

-External Pacemakers

-Dual-Chamber Pacemakers

-Single-Chamber Pacemakers

-Biventricular/Crt Pacemakers

By End-User

Hospitals

Clinics

Cardiac Centers and Ambulatory Surgery Centers

Others

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

Abbott Laboratories

Abiomed Inc

ACS Diagnostics Inc

Asahi Kasei Corp

BioTelemetry Inc

BIOTRONIK SE and Co KG

Boston Scientific Corp

Fukuda Denshi Co. Ltd

GE Healthcare Inc

HILL ROM HOLDINGS Inc

InfoBionic Inc

Integrated Sensing Systems Inc

iRhythm Technologies Inc

Koninklijke Philips NV

Medtronic Plc

MicroPort Scientific Corp

Nihon Kohden Corp

OSI Systems Inc

Preventice Solutions Inc

SCHILLER AG

Formats Available: Excel, PDF, and PPT

Contents

1. EXECUTIVE SUMMARY

1.1 Cardiac Monitoring and Cardiac Rhythm Management Devices Market Overview and Key Findings, 2024
1.2 Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size and Growth Outlook, 2021- 2030
1.3 Cardiac Monitoring and Cardiac Rhythm Management Devices Market Growth Opportunities to 2030
1.4 Key Cardiac Monitoring and Cardiac Rhythm Management Devices Market Trends and Challenges
  1.4.1 Cardiac Monitoring and Cardiac Rhythm Management Devices Market Drivers and Trends
  1.4.2 Cardiac Monitoring and Cardiac Rhythm Management Devices Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Cardiac Monitoring and Cardiac Rhythm Management Devices Companies

2. CARDIAC MONITORING AND CARDIAC RHYTHM MANAGEMENT DEVICES MARKET SIZE OUTLOOK TO 2030

2.1 Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook, USD Million, 2021- 2030
2.2 Cardiac Monitoring and Cardiac Rhythm Management Devices Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. CARDIAC MONITORING AND CARDIAC RHYTHM MANAGEMENT DEVICES MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. CARDIAC MONITORING AND CARDIAC RHYTHM MANAGEMENT DEVICES MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Type
ECG Devices
Implantable Loop Recorders
Mobile Cardiac Telemetry Devices
Cardiac Output Monitoring Devices
Event Monitors
Smart ECG Monitors
By Defibrillators
Implantable Cardioverter Defibrillators
-Transvenous Implantable Cardioverter Defibrillators (T-ICDs)
-Subcutaneous Implantable Cardioverter Defibrillators (T-ICDs)
External Defibrillators
-Automated External Defibrillators
-Manual External Defibrillators
-Wearable Cardioverter Defibrillators
Pacemakers
-Implantable Pacemakers
-External Pacemakers
-Dual-Chamber Pacemakers
-Single-Chamber Pacemakers
-Biventricular/Crt Pacemakers
By End-User
Hospitals
Clinics
Cardiac Centers and Ambulatory Surgery Centers
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market, 2025
5.2 Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Market, 2025
5.5 Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Type, 2021- 2030
5.6 Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Cardiac Monitoring and Cardiac Rhythm Management Devices Market, 2025
5.8 North America Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Type, 2021- 2030
5.9 North America Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Cardiac Monitoring and Cardiac Rhythm Management Devices Market, 2025
5.11 South America Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Type, 2021- 2030
5.12 South America Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Cardiac Monitoring and Cardiac Rhythm Management Devices Market, 2025
5.14 Middle East Africa Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Outlook and Revenue Growth Forecasts
6.2 US Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Cardiac Monitoring and Cardiac Rhythm Management Devices Industry Drivers and Opportunities

7. CARDIAC MONITORING AND CARDIAC RHYTHM MANAGEMENT DEVICES MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. CARDIAC MONITORING AND CARDIAC RHYTHM MANAGEMENT DEVICES COMPANY PROFILES

8.1 Profiles of Leading Cardiac Monitoring and Cardiac Rhythm Management Devices Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Abbott Laboratories
Abiomed Inc
ACS Diagnostics Inc
Asahi Kasei Corp
BioTelemetry Inc
BIOTRONIK SE and Co KG
Boston Scientific Corp
Fukuda Denshi Co. Ltd
GE Healthcare Inc
HILL ROM HOLDINGS Inc
InfoBionic Inc
Integrated Sensing Systems Inc
iRhythm Technologies Inc
Koninklijke Philips NV
Medtronic Plc
MicroPort Scientific Corp
Nihon Kohden Corp
OSI Systems Inc
Preventice Solutions Inc
SCHILLER AG.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information