The growth of Cardiac Monitoring Devices Market is driven by the increasing prevalence of cardiovascular diseases, advancements in wearable and remote monitoring technologies, and a rising emphasis on early detection and preventive care. While high device costs and data privacy concerns present challenges, innovations such as wireless patches and AI-driven solutions continue to enhance market opportunities.
The Cardiac Monitoring Devices Market size is projected to grow from USD 29.15 billion in 2023 to USD 48.58 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.84% during the forecast period 2024-2032.
Recent Development
November 2024: Monitra Health obtained a U.S. patent for its groundbreaking wireless cardiac monitoring technology. This innovative device, featuring a wireless patch, aims to improve patient compliance and deliver enhanced diagnostic accuracy in cardiac care.
uly 2024: Octagos Health raised over USD 43 million in a Series B funding round led by Morgan Stanley Expansion Capital, with additional backing from Mucker Capital and other investors. The funding will accelerate the development of AI-powered cardiac device monitoring solutions and further the company’s mission to redefine cardiac care.
May 2024: OMRON Healthcare India collaborated with AliveCor to launch AI-driven home heart health monitoring devices, designed to improve at-home cardiac care through advanced monitoring technology and early detection capabilities.
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Key Players
- Medtronic
- Reveal LINQ
- HCT (Heart Failure Monitoring)
- CareLink
- Abbott
- Freestyle Libre
- Confirm Rx
- Tavi
- Boston Scientific Corporation
- LUX-Dx
- HeartLogic
- ACUITY
- iRhythm Technologies, Inc.
- Zio XT
- GE Healthcare
- CardioSoft
- MAC 400
- CASE System
- Biotronik, Inc.
- BioMonitor 2
- Edora 8/6/4
- Visions 2
- SCHILLER Healthcare India Pvt. Ltd
- CARDIOVIT AT-102 G2
- CARDIOVIT FT-1
- Koninklijke Philips N.V.
- Philips HeartStart
- IntelliVue Patient Monitoring
- BioTel Heart
- MicroPort Scientific Corporation
- Apollo
- Renata
- Honeywell Life Care Solutions
- LifeStream
- AMT Cardiac Monitoring System
- Care Assure
Conclusion
The cardiac monitoring devices market is poised for sustained growth, with advancements in technology, increased accessibility, and a focus on preventive healthcare driving the industry forward. As awareness and innovation continue to rise, the market is expected to play a pivotal role in reducing the global burden of cardiovascular diseases.
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