Massive Growth of Wearable Cardiac Devices Market Valuable insights Report 2021-2028
The global wearable cardiac devices market is projected to reach USD 9.38 billion by 2028, growing at a CAGR of 23.7%.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
Wearable technology provides a great help in efficient monitoring of health based on parameters like pulse rate, ECG, heart rate and blood pressure along with several other aspects. Wearable cardiac devices include wearable defibrillators, mobile cardiac telemetry, ECG devices, Holter monitors, patches, etc. The monitoring system offer real-time data to both patients and doctors that are leading to constant out-of-hospital cardiac health monitoring. In addition to that, the technological advancement in the field like app-based heart monitors have enhanced patient experience by reducing the number of hospital visits and minimization of cost. Furthermore, the innovations in the healthcare sector like digital therapeutics, connected healthcare solutions and wearable technology is anticipated to be a game changer and it also assumed to transform healthcare output with developments in cardiac care.
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Leading players of the global wearable cardiac devices market include iRhtythm Technologies Inc., VitalConnect, Welch Allyn (Hillrom Services Inc.), ZOLL Medical Corporation, Cardiac Rhythm, Biotelemetry Inc., Qardio Inc., Proteus Digital Health among others.
The Global Wearable Cardiac Devices Market has been experiencing a major thrust in its growth rate in recent times. The growth of the industry is accredited by numerous growth propelling factors. The rising prevalence of cardiovascular diseases associated with the risk of sudden heart failure is the major factor responsible for this upsurge in the market growth. The constant need to monitor in these diseases is one of the crucial aspects providing momentum to the demand for these monitoring devices. The rising advancements in the medical field especially in cardiac area in terms of technology are anticipated to provide lucrative opportunities for market expansion in the forecasted era. In addition to that, several major market leaders are making huge investments in order to develop wearable devices with integration of novel biosensors. Thus, this rising number of R&D activities in the wearable cardiac devices industry is expected to contribute to the market growth.
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The patients with cardiovascular conditions are at high risk of arrhythmias. Electrocardiography i.e. ECG is one of the efficient ways to diagnose arrhythmia. Wearable ECG monitoring devices are an ideal choice for this case. The constant need for monitoring in people with these conditions has been fuelling the growth of Wearable Cardiac Devices industry. The latest innovations in the wearable devices like developed sensors and extended memory in order to store ECG data is anticipated to boost the demand for these cardiac monitoring devices in future years. Several new wearable cardiac devices with latest features like microcontroller, rechargeable battery, vibration motor, accelerometer, etc. are gaining a lot of traction across the globe. These new devices also come with wristband that has convenient and flexible rubber arms. Such beneficial features provided and ease-of-use is expected to influence customer adoption which in turn provides momentum to market growth.
Key segments of the global wearable cardiac devices market
Application Overview, 2018-2028 (USD Billion)
• Home healthcare
• Remote patient monitoring
• Other applications
Product Overview, 2018-2028 (USD Billion)
• Holter monitors
• Patch
• Defibrillators
Regional Overview, 2018-2028 (USD Billion)
• North America
o U.S.
o Canada
• Europe
o Germany
o United Kingdom
o France
• Asia Pacific
o China
o Japan
o India
• Latin America
• Middle East & Africa
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