The global wearable cardiac devices market is projected to reach USD 9.38 billion by 2028, growing at a CAGR of 23.7%. Increasing incidence of cardiovascular disorders, upsurge in elderly population and growing inclination towards minimally invasive devices are various factors driving the growth of the global wearable cardiac devices market.
Adroit Market Research report on global wearable cardiac devices market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 to 2019, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global wearable cardiac devices market have been studied in detail.
Many of the global low and middle income countries (LMICs) are experiencing an epidemiological evolution. By means of a development in socioeconomic conditions, the epidemiological change has steered the rise of non-communicable ailments particularly cardiovascular diseases (CVDs). CVDs have emerged as the principal causes of death worldwide. The wearable cardiac devices provide a boon to these patients.
The global wearable cardiac devices market is categorized based on application and product. On the basis of application, the market is segmented into home healthcare, remote patient monitoring, and others. The home healthcare segment dominated the market in 2019, due to reduced hospitalization cost and convenience of using at home.
North America dominated the market for wearable cardiac devices in 2019, while Asia Pacific is set to grow at a highest CAGR due to rising awareness regarding wearable cardiac devices. Key players of the global wearable cardiac devices market include iRhtythm Technologies Inc., VitalConnect, Welch Allyn (Hillrom Services Inc.), ZOLL Medical Corporation, Cardiac Rhythm, Biotelemetry Inc., Qardio Inc., Proteus Digital Health among others.
Key segments of the global wearable cardiac devices market
Application Overview, 2018-2028 (USD Billion)
- Home healthcare
- Remote patient monitoring
- Other applications
Product Overview, 2018-2028 (USD Billion)
- Holter monitors
Regional Overview, 2018-2028 (USD Billion)
- North America
- United Kingdom
- Asia Pacific
- Latin America
- Middle East & Africa