Address: Insure Insights 61 Bridge Street, Kington.HR5 3DJ United Kingdom

Global Wearable Cardiac Devices Market Outlook 2028: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Home
  • Reports
  • Global Wearable Cardiac Devices Market Outlook 2028: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028
Global Wearable Cardiac Devices Market Outlook 2028: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Wearable Cardiac Devices Market Outlook 2028: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 14 Apr 2021
  • Report ID: HLT 00181
  • Pages:169
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

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.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Wearable Cardiac Devices Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Wearable Cardiac Devices Market -Industry Snapshots

6.1             Overview

6.1.1          Global Wearable Cardiac Devices Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Wearable Cardiac Devices Market Analysis, by Type

7.1             Overview

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

8.1             Overview

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

9.1             Overview

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           Overview

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

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

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

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Devices

10.4.9       Europe market by, Application

10.5           Wearable Cardiac Devices Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

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

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       Latin America

10.6.4       Rest Of World

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

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Boston Scientific Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Koninklijke Philips N.V.

12.3           Zimmer Biomet

12.4           Smith & Nephew

12.5           Johnson & Johnson Services Inc.

12.6           Zoll Medical

12.7           BIOTRONIK SE & Co. KG

12.8           LivaNova PLC

12.9           Abbott

12.10        MED-EL

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

 

Request for Sample

Please fill out the form to receive sample pages of the report