Cardiac Remote Patient Monitoring Device Market is expected to register a CAGR of 7.9% and reach US$ 680 Mn by 2028 | A & D Medical, BIOTRONIK SE & Co. KG, Boston Scientific, GE Healthcare, Honeywell

Overview:

Remote cardiac monitoring, also known as remote heart monitoring, is a way by which a vital information from the patient’s implantable rhythm management device can be communicated directly to a physician’s office. An implantable device sends medical and technical information to a physician from the heart, in turn gives access to a physician to monitor clinical information even if the patient is not in the hospital. Remote cardiac monitoring devices capture and monitor health related data and transfers this information to a physician’s office for the assessment.

The cardiac remote patient monitoring device is estimated to be valued at US$ 396 Mn in 2021 and is expected to register a CAGR of 7.9% and reach US$ 680 Mn by 2028.

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Drivers:

Frequent product approvals and launches by market players are expected to boost growth of the global cardiac remote patient monitoring device market. For instance, in September 2021, VitalConnect Inc. announced the launch of new version of VistaCenter for cardiac and remote patient monitoring. It is designed to streamline workflow and make patient management easier and less time-intensive for physicians.

Restraints:

Risk of infection due to implantable monitoring devices and lack of skilled personnel to operate & monitor devices are some major factors expected to hamper the growth of the global cardiac remote patient monitoring device market.

Market Taxonomy:

By Application:

• Cardiac Arrhythmias
• Ischemic Diseases
• Hypertension

By End Users:

• Hospitals
• Cardiac Clinics
• Ambulatory Surgery Centers

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

COVID-19 Impact:

On 31 December 2019, a novel coronavirus was first suspected and reported in Wuhan, China. World Health Organization (WHO) on 30th January 2020 declared it Public Health Emergency and further on 11th March 2020, declared it a pandemic.

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The outbreak of COVID-19 had increased the use of remote monitoring devices. The rate of adoption of remote monitoring devices was higher due to increase in cases of COVID-19 across the globe. COVID-19 affects different people in different ways. According to WHO, COVID-19 is often more severe in people aged 60 years and more, or those with underlying medical conditions, such as cardiovascular disease, are at higher risk of developing serious illness from COVID-19. Thus, there is an increasing demand for cardiac remote patient monitoring devices.

Competitive landscape:

Major players involved in the global cardiac remote patient monitoring device market are St. Jude Medical, MeTrax GmbH, Lepu Medical Technology, OSYPKA, VitalConnect Inc., GE Healthcare, Abbott Laboratories, Spacelabs Healthcare, Philips Healthcare, Boston Scientific, Nihon Khoden, A & D Medical, Medtronic plc, Honeywell, and BIOTRONIK SE & Co. KG.

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Cardiac Remote Patient Monitoring Device Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Cardiac Remote Patient Monitoring Device Industry Impact

Chapter 2 Global Cardiac Remote Patient Monitoring Device Competition by Types, Applications, and Top Regions and Countries
2.1 Global Cardiac Remote Patient Monitoring Device (Volume and Value) by Type
2.3 Global Cardiac Remote Patient Monitoring Device (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Cardiac Remote Patient Monitoring Device Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 6 East Asia Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 7 Europe Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 8 South Asia Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 9 Southeast Asia Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 10 Middle East Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 11 Africa Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 12 Oceania Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 13 South America Cardiac Remote Patient Monitoring Device Market Analysis
Chapter 14 Company Profiles and Key Figures in Cardiac Remote Patient Monitoring Device Business
Chapter 15 Global Cardiac Remote Patient Monitoring Device Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology