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

• Holter monitors
• Patch
• Others

By Devices

• Diagnostic & monitoring devices
• Therapeutic devices

By Application

• Home Healthcare
• Remote Patient Monitoring
• Others

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.