Market Overview

The Global Cardiac Monitoring Market was valued at USD 8,857.3 million in 2023 and is expected to reach USD 17,137.2 million by 2031 while growing at a CAGR of 8.6% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global cardiac monitoring market growth. Cardiac monitoring involves observing the electrical activity of the heart to ensure its normal function. This is achieved by placing five small stickers, known as electrodes, on the body, which are then connected to either a telemetry box or a wall monitor. The electrical signals are transmitted to a dedicated screen at the nurses' station, allowing ward staff to continuously monitor the heart activity round the clock.

The growth of the cardiac monitoring market is driven by the increasing prevalence of cardiovascular diseases and continuous advancements in monitoring technologies, including the development of portable monitors, wireless connectivity, and remote monitoring capabilities, enhancing accuracy, convenience, and accessibility. However, hindrances such as cost constraints and regulatory compliance pose challenges to further market expansion.

Furthermore, the global cardiac monitoring industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Analysis

The Global Cardiac Monitoring Market is segmented among Cardiac Rhythm Management Devices, and Cardiac Monitoring Devices, based on Product. In 2023, Cardiac Rhythm Management Devices accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End User Analysis

The Global Cardiac Monitoring Market is segmented among Home Healthcare, Ambulatory Centers, Hospitals, and Others, based on End User. In 2023, Home Healthcare accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Cardiac Monitoring Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Medtronic PLC, Abbott Laboratories, Boston Scientific Corporation, GE Healthcare, iRhythm Technologies Inc, Biotronik, Livanova PLC, Baxter (Hill-Rom Holdings, Inc), Schiller AG, and Koninklijke Philips N.V. (Biotelemetry).

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Cardiac Monitoring Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Cardiac Monitoring Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Cardiac Monitoring Market Segmentation, By Product

• Global Cardiac Monitoring Market Share Analysis, By Product

• Global Cardiac Monitoring Market Growth Analysis, By Product

• Global Cardiac Monitoring Market Trends, By Product

o Cardiac Rhythm Management Devices

o Cardiac Monitoring Devices

6. Global Cardiac Monitoring Market Segmentation, By End-users

• Global Cardiac Monitoring Market Share Analysis, By End-users

• Global Cardiac Monitoring Market Growth Analysis, By End-users

• Global Cardiac Monitoring Market Trends, By End-users

o Home Healthcare

o Ambulatory Centers

o Hospitals

o Others

7. Global Cardiac Monitoring Market Segmentation, By Region

• Global Cardiac Monitoring Market Share Analysis, By Region

• Global Cardiac Monitoring Market Growth Analysis, By Region

• Global Cardiac Monitoring Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Medtronic PLC*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Abbott Laboratories

• Boston Scientific Corporation

• GE Healthcare

• iRhythm Technologies Inc

• Biotronik

• Livanova PLC

• Baxter (Hill-Rom Holdings, Inc)

• Schiller AG

• Koninklijke Philips N.V. (Biotelemetry)

*Similar analysis will be provided for each company listed above.