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Wearable Cardiac Devices Market Size

  • Report ID: GMI4711
  • Published Date: Nov 2021
  • Report Format: PDF

Wearable Cardiac Devices Market Size

Wearable Cardiac Devices Market size exceeded USD 1.5 billion in 2020 and is anticipated to grow at a CAGR of over 24.7% between 2021 and 2027. Increasing awareness about wearables coupled with preference for homecare devices will augment the market growth. Booming geriatric population base, that is prone to several chronic diseases across the globe will increase the patient pool suffering from cardiac arrhythmias and other CVDs. This will spur the demand for wearable cardiac devices among elderly population.


Wearable Cardiac Devices Market Overview

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Increasing number of patients suffering from various cardiovascular disorders (CVDs) will primarily drive the market expansion. Wearable cardiac devices such as patches, Holter monitors and wearable ECG devices, assist healthcare professionals and patients in monitoring cardiac parameters. As per the World Health Organization, about 17.9 million people die from CVDs each year. Owing to increased adoption of sedentary and unhealthy lifestyle habits such as excessive consumption of alcohol and smoking, the cases of cardiovascular disorders are increasing at rapid rate.


The outbreak of COVID-19 has positively impacted wearable cardiac devices credited to growing awareness and acceptance of digital and remote health technology. Applications developed by integrating artificial intelligence (AI) assist medical professionals for continuous monitoring of the patients. Wearables were vastly used to track and monitor cardiac activities during pandemic. These products aid healthcare professionals and in medical trials to monitor patients effectively.

Several healthcare companies are working together on various projects for manufacturing of Holter monitors, smartwatches and patches among others to provide medical aid. Also, with significant rise in COVID-19 cases, scientists and manufacturers collaborated to pool their resources to detect and treat COVID-19 more effectively, thereby meeting contactless necessities.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Market size of wearable cardiac devices reached USD 1.5 billion in 2020 and should witness a 24.7% CAGR through 2027 led by the increasing CVD occurrence, growing geriatric population, rising awareness towards wearables, and growing preference towards homecare.

The wearable defibrillators segment could expand at a 22.9% CAGR up to 2027 as these devices offer outpatient heart health management and reduce the risk of ventricular tachycardia (VT) and ventricular fibrillation (VF).

The home healthcare segment will grow at around 25.4% CAGR till 2027 led by a large geriatric population base suffering from CVDs.

North America captured more than 60% of revenue share in 2020 owing to increasing R&D and technological innovations around wearable technology.

COVID-19 pandemic has had a positive impact on wearable cardiac devices market due to increased awareness towards digital and remote healthcare technologies.

Wearable Cardiac Devices Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 8
  • Tables & Figures: 143
  • Countries covered: 19
  • Pages: 100
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