The North American cardiac monitoring devices market is projected to grow from US 10.52 billion in 2021 to US 10.52 billion in 2021 to US 16.43 billion by 2028, at a CAGR of 6.6% during the forecast period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00028376
Cardiac event monitors record the heart’s electrical activity (ECG), tracking heart rate and rhythm over extended periods. These devices are particularly useful for detecting intermittent symptoms that do not occur daily. By transmitting real-time heart health data to physicians, cardiac monitoring systems enable remote patient monitoring, reducing the need for frequent in-person visits and improving care efficiency.
The North America cardiac monitoring devices market is analyzed on the basis of type, product type, application, end user, and country. By country, the market is broadly segmented into United States, Canada and Mexico. The report offers insights and in-depth analysis of the market, emphasizing parameters, such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of the world’s leading market players.
Key Improvements:
- More concise & professional – Removed redundancy while keeping key details.
- Better flow – Structured for readability (market data first, followed by device explanation).
- Stronger ending – Emphasizes the value proposition (remote monitoring benefits).
Market Insights
Increase in Incidence of Cardiovascular Diseases Drives North America Cardiac Monitoring Devices Market Growth
Every 40 seconds, someone in the United States gets a stroke. A stroke kills someone every 4 minutes. A stroke affects more than 795,000 people in the United States each year. The first or new strokes account for around 610,000 of these. The growing prevalence of cardiovascular diseases (CVDs) such as coronary heart diseases, sudden cardiac arrest, congenital heart diseases, heart failure, pulmonary hypertension, and pulmonary artery pressure (PA) is encouraging the introduction of improved monitoring methods. The simplicity of use and the ability of the quick detection of cardiovascular diseases (CVDs) are adding to the popularity of cardiac monitoring devices. According to the World Health Organization (WHO), ~30 million people experience a stroke each year. Moreover, the American Heart Association states more than 130 million people in the US, i.e., 45.1% of the population, are projected to have a type of CVD by 2035. In 2018, Coronary Heart Disease (CHD) was the leading cause (42.1%) of deaths attributable to CVD in the US, followed by stroke, high blood pressure, heart failure, diseases of the arteries, and other CVD. A few of the primary risk factors of CVDs include family history, ethnicity, and age; other risk factors include tobacco consumption, hypertension, obesity, high cholesterol, physical inactivity, diabetes, unhealthy diets, and alcohol consumption. Most CVD cases can be prevented through proactive monitoring and early diagnosis, which bolsters the need for cardiac monitoring devices.
Rise in Number of Product Launches and Approvals Contributes Significantly to Market Growth
The North America cardiac monitoring devices market is characterized by the presence of many small and big companies. To increase their market share, market players are adopting strategies such as new product launches, regional expansions, and technological advancements. Cardiac monitoring devices are safer and more effective than ever with continued innovation and technological advances, leading to increased acceptance of cardiac monitoring devices. Prominent players are investing in R&D to develop advanced technologies and improve their revenue shares.
Type Insights
Based on type, the North America cardiac monitoring devices market is segmented into cardiovascular devices, multi-parameter ECG monitors, patient monitoring devices, ambulatory cardiac monitoring, and cardiac monitors. In 2020, the cardiovascular devices segment held the largest share of the market. Further, the market for the patient monitoring devices segment is expected to grow at the highest CAGR during 2021–2028. With a growing prevalence of chronic disorders such as stroke, coronary heart disease, sudden cardiac arrest, and congenital heart diseases, the demand for patient monitoring devices is increasing. Temperature monitoring, continuous glucose monitoring, and pulsed oximetry blood pressure monitoring are several applications of wearable patient monitoring, biosensors, and smart implants.
Application Insights
Based on application, the North America cardiac monitoring devices market is segmented into coronary heart diseases, sudden cardiac arrest, stroke, arrhythmia, congenital heart diseases, heart failure, pulmonary hypertension, heart function (HF/LVEDP), pulmonary artery pressure (PA), and others. The coronary heart diseases segment held the largest market share in 2020, and it is further expected to be the largest shareholder in the market by 2028. The increased prevalence of diabetes, hypertension, and high cholesterol levels is contributing to the growing risk of cardiovascular disease and accelerating the cases of coronary heart diseases.
Strategic Insights
Product launches and mergers and acquisitions are the highly adopted strategies by the players operating in the North America cardiac monitoring devices market. A few of the recent key product developments are listed below:
- In July 2021, Abbott launched the Jot Dx insertable cardiac monitor in the US market to detect irregular heart rhythms.
- In July 2021, the US Food and Drug Administration (FDA) approved two AccuRhythm AI algorithms for use with the LINQ II insertable cardiac monitor (ICM). AccuRhythm AI uses artificial intelligence (AI) to improve the accuracy of heart rhythm event data acquired by LINQ II, allowing physicians to better diagnose and treat aberrant heart rhythms.
North America Cardiac Monitoring Devices Strategic Insights
Strategic insights for the North America Cardiac Monitoring Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Cardiac Monitoring Devices Regional Insights
The geographic scope of the North America Cardiac Monitoring Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
