North America Cardiac Arrhythmia Monitoring Devices Market Size (2024 - 2029)

The North America cardiac arrhythmia monitoring devices market is anticipated to experience significant expansion during the forecast period. This growth is driven by the increasing adoption of telecardiology, which offers cost-effective monitoring solutions for elderly patients with heart failure. The demand for continuous cardiac monitoring is rising, as these devices enhance patient convenience and are gaining popularity among both patients and healthcare providers. Additionally, investments in cardiology informatics, connected devices, and mobile solutions for advanced cardiac care are contributing to the market's rapid growth.

Market Size of North America Cardiac Arrhythmia Monitoring Devices Industry

North America Cardiac Arrhythmia Monitoring Devices Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %

Major Players

North America Cardiac Arrhythmia Monitoring Devices Market Key Players

*Disclaimer: Major Players sorted in no particular order

North America Cardiac Arrhythmia Monitoring Devices Market Analysis

Telecardiology, in general, provides a monitoring device that can be fixed on the chest area of the patients suffering from cardiac arrhythmia. Telecardiology is a cost-effective intervention for the elderly population affected by heart failure. In most of the cardiac disorders, continuous cardiac monitoring is required. Although cardiac arrhythmia cannot be cured completely, the best possible way to continuously monitor the patients suffering from cardiac arrhythmia is through remote patient monitoring. Since these devices improve the convenience of the patients, it is becoming extremely popular among both, patients and the doctors. Moreover, due to rising investments in cardiology informatics, connected devices, and mobile solutions for advanced cardiac care. Hence, owing to these factors, the market is expected to witness rapid growth in the forecast period.

North America Cardiac Arrhythmia Monitoring Devices Industry Segmentation

As per the scope of the report, cardiac arrhythmia monitoring devices refer to the instruments that are used to treat arrhythmia.

By Device
Event Monitoring Devices
Continuous Rhythm Monitoring Devices
Holter Monitoring Devices
Other Devices
By Service Providers
Mobile Cardiac Telemetry Monitoring Service Providers
Independent Diagnostic Testing Facilities/Clinics
Geography
North America
United States
Canada
Mexico
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North America Cardiac Arrhythmia Monitoring Devices Market Size Summary

The North American cardiac arrhythmia monitoring devices market is experiencing significant growth, driven by the increasing demand for telecardiology solutions. These devices, which can be affixed to patients' chests, offer a cost-effective way to monitor elderly individuals suffering from heart failure. Continuous monitoring is essential for managing cardiac disorders, and remote patient monitoring has become a popular choice among patients and healthcare providers due to its convenience. The market is further bolstered by rising investments in cardiology informatics, connected devices, and mobile solutions, which are enhancing advanced cardiac care. Holter monitoring devices are particularly dominant in the market, as they provide extended monitoring capabilities, improving patient compliance and treatment outcomes. Technological advancements, such as NASA's launch of a modified Holter monitor, are also contributing to market expansion.

The competitive landscape of the North American cardiac arrhythmia monitoring devices market is characterized by the presence of several major players, including BioTelemetry Inc., Cardiac Science Corporation, GE Healthcare, iRhythm Technologies Inc., and Abbott Laboratories. These companies are actively engaging in strategic initiatives like mergers, acquisitions, new product launches, and partnerships to strengthen their market positions. For example, iRhythm Technologies Inc. introduced the Zio patch, a device that enables patients to monitor their heartbeats. The prevalence of cardiovascular diseases, a leading cause of death in North America, underscores the necessity for advanced monitoring devices, thereby driving market growth. Market leaders with substantial research funding and robust distribution networks have solidified their positions, further fueling the industry's expansion.

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North America Cardiac Arrhythmia Monitoring Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Use of Telecardiology

      2. 1.2.2 Ease of Use and Portability of Cardiac Arrhythmia Monitoring Devices

      3. 1.2.3 Development of Smart Cardiac Monitors

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Remote Cardiac Arrhythmia Monitoring

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Device

      1. 2.1.1 Event Monitoring Devices

      2. 2.1.2 Continuous Rhythm Monitoring Devices

      3. 2.1.3 Holter Monitoring Devices

      4. 2.1.4 Other Devices

    2. 2.2 By Service Providers

      1. 2.2.1 Mobile Cardiac Telemetry Monitoring Service Providers

      2. 2.2.2 Independent Diagnostic Testing Facilities/Clinics

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

North America Cardiac Arrhythmia Monitoring Devices Market Size FAQs

The North America Cardiac Arrhythmia Monitoring Devices Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

BioTelemetry Inc., Cardiac Science Corporation, GE Healthcare, iRhythm Technologies Inc. and Abbott Laboratories are the major companies operating in the North America Cardiac Arrhythmia Monitoring Devices Market.

North America Cardiac Arrhythmia Monitoring Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)