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Remote Cardiac Monitoring Market Size

  • Report ID: GMI6021
  • Published Date: Jun 2023
  • Report Format: PDF

Remote Cardiac Monitoring Market Size

Remote Cardiac Monitoring Market size was valued at over USD 3 billion in 2022 and is projected to reach more than USD 10 billion by 2032.

 

Remote cardiac monitoring refers to the practice of monitoring a patient's heart activity and related parameters remotely, outside of a traditional medical facility. It involves the use of specialized devices and technology to collect and transmit data about the patient's heart function to healthcare professionals for analysis and interpretation. In addition, rising incidence of heart diseases across the globe owing to a greater adoption of sedentary lifestyle and unhealthy dietary habits such as excessive consumption of alcohol and smoking, the cases of cardiovascular disorders are increasing at rapid rate that will thereby stimulate the market development.

 

Moreover, growing adoption of remote patient monitoring devices is further augmenting the market growth. Growing adoption of wearable cardiac devices in treatment of various heart diseases will boost the industry landscape. Developed regions such as North America and Europe have a high adoption rate of remote cardiovascular devices due to rising geriatric population base. People in countries such as the U.S. and Canada suffering from chronic cardiovascular diseases that require continuous critical monitoring and hence prefer remote cardiac monitoring devices that will positively influence the industry's progress.

 

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

Global market for remote cardiac monitoring was over USD 3 billion in 2022 and will reach more than USD 10 billion by 2032, backed by the rising incidence of heart diseases.

The devices segment will witness more than 11.6% CAGR from 2023 to 2032 due to the continuous technological advancements and integration of AI into devices for enhanced accuracy & interpretation.

U.S. remote cardiac monitoring market size was around USD 1.3 billion in 2022, attributed to significant healthcare expenditure, supportive government initiatives, rising disease awareness, etc.

Abbott Laboratories, AMC Health, Biotronik, Inc., Boston Scientific Corporation, GE Healthcare, Honeywell International Inc., Koninklijke Philips N.V., Medtronic, Nihon Kohden Corporation, OSI Systems, Inc. among others.

Remote Cardiac Monitoring Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 201
  • Countries covered: 30
  • Pages: 145
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