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Global Wearable Cardiac Devices Market is anticipated to rise at a value CAGR of 23.1% over 2019-2028. According to a study published by Insure Insights on the Global Wearable Cardiac Devices Market. Wearable Cardiac Devices being are those devices that are placed in the body; it includes devices like Holter monitors, patches Fitbit, etc. These devices are essential to detect the rate of heart and to notify if there is any dysfunction. The technological innovation has led to the advent of Fitbit, which has further boosted the overall market and thus have driven the popularity to remain healthy. These devices are capable enough to track calorie intake, measures of steps walked or kilometers, heart rate, etc.
Top Driver: The upsurge in the incidences of Cardiovascular disorder worldwide have escalated the market
An increase in the incidences of arrhythmias, cardiac arrest, cardiac failure, etc. has raised the demand for wearable cardiac devices and is primarily driving the market. The technological advancements and research activities have provided extended memory, and developed sensors to monitor and store ECG data and thus have boosted the overall demand of the market
Patches have dominated the market growth of Global Wearable Cardiac Devices Market
Based on the product, Patches segment held the highest segmental growth. They are small, adhesive devices it provides timely cardiac health data to the patients and the Physicians without disturbing the daily routine and normal activities of the patient. The installation of Artificial intelligence has provided higher accuracy and fidelity of ECG reporting in real-time. The Real-time data recording through wearable patches provides the amount of data for analysis and detection of abnormalities in cardiac rhythm.
In terms of the devices, Diagnosis and Monitoring devices segment have held the most lucrative growth owing to the rise in the demand for diagnosis of heart due to the rise in the incidences of myocardial infarction, heart failure, etc. Based on the Application, Home Healthcare segment have held the most significant growth as it has reduced hospitalizations and increase in the prevalence of cardiovascular diseases worldwide have triggered the need of these devices in homecare.
Europe has dominated the Regional Market with the growth in the elderly population
The surge in the number of the geriatric population and the increased in the incidence of cardiovascular disorders have primarily driven the regional growth of Europe. The rise in the application of wearable defibrillators and patches in continuous monitoring of post-procedural heart conditions have further fostered the regional market. The technological advanced Cardia wearable devices further augmented the regional market revenue. North America has held the second-highest growth, lifestyle habits like smoking and consumption of alcohol have increased the number of individual suffering from Cardiovascular disorders and thus have driven the regional revenue.
Product launches, innovations, mergers, acquisitions are the major strategies used by competitors
The Players of the Global Wearable Cardiac Devices Market is fragmented. Boston Scientific Corporation, Koninklijke Philips N.V., Zimmer Biomet, Smith & Nephew, Johnson & Johnson Services Inc., Zoll Medical, BIOTRONIK SE & Co. KG, LivaNova PLC, Abbott, and MED-EL are the key players of the Global Wearable Cardiac Devices Market.
Zoll Medical: Zoll Medical, is one of the key competitors of the Global Wearable Cardiac Devices Market. In the year 2019, Zoll Medicalhad announced the launch of Zoll µCorh fo heart failure and arrhythmia management system (HFAMS), it is designed to help clinicians so as to improve outcomes and reduce hospitalizations for heart failure patients with fluid management problems.
Abbott: Abbott is one of the popular competitors of the Global Wearable Cardiac Devices. In May 2019, Abbot had announced the launch of Confirm Rx insertable cardiac monitor (ICM), it is a paperclip-sized implantable device, and is designed with smartphone connectivity and continuous, remote monitoring to track unpredictable heart rhythm problems for a fast and accurate diagnosis.
Scope of the Report
By Product
By Devices
By Application
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Wearable Cardiac Devices Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Wearable Cardiac Devices Market -Industry Snapshots
6.1.1 Global Wearable Cardiac Devices Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Wearable Cardiac Devices Market Analysis, by Type
7.2 Key Findings for Wearable Cardiac Devices Market- By Type
7.2.1 Wearable Cardiac Devices Market- Holter monitors
7.2.2 Wearable Cardiac Devices Market- Patch
7.2.3 Wearable Cardiac Devices Market- Others
Chapter 8 Global Wearable Cardiac Devices Market Analysis, by Devices
8.2 Key Findings for Wearable Cardiac Devices Market- By Devices
8.2.1 Wearable Cardiac Devices Market- Diagnostic & monitoring devices
8.2.2 Wearable Cardiac Devices Market- Therapeutic devices
Chapter 9 Global Wearable Cardiac Devices Market Analysis, by Application
9.2 Key Findings for Wearable Cardiac Devices Market- By Application
9.2.1 Wearable Cardiac Devices Market- Home Healthcare
9.2.2 Wearable Cardiac Devices Market- Remote Patient Monitoring
9.2.3 Wearable Cardiac Devices Market- Others
Chapter 10 Wearable Cardiac Devices Market Analysis by Region
10.1 Key Findings for Wearable Cardiac Devices Market- By region
10.2.1 Global Wearable Cardiac Devices Market Analysis, By Type, 2019 – 2028
10.2.2 Global Wearable Cardiac Devices Market Analysis, By Devices, 2019 – 2028
10.2.3 Global Wearable Cardiac Devices Market Analysis, By Application, 2019 – 2028
10.3 Wearable Cardiac Devices Market – North America
10.3.5 North America Market, By Type
10.3.6 North America Market, By Devices
10.3.7 North America Market, By Application
10.4 Wearable Cardiac Devices Market – Europe
10.4.8 Europe Market, By Devices
10.4.9 Europe market by, Application
10.5 Wearable Cardiac Devices Market – Asia Pacific
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Devices
10.5.8 Asia Pacific Market, By Application
10.6 Wearable Cardiac Devices Market – LAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 Latin America, Middle East and Africa Market, By Type
10.6.6 Latin America, Middle East and Africa Market, By Devices
10.6.7 Latin America, Middle East and Africa Market, By Application
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.1 Boston Scientific Corporation
12.5 Johnson & Johnson Services Inc.
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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