The cardiac monitoring and Cardiac Rhythm Management (CRM) devices market size is estimated to be USD 24.9 billion in 2021 and is expected to witness a CAGR of 5.57% during the forecast period. Growth in the pandemic situations leading to demand in remote monitoring of cardiac health is expected to drive the growth. Moreover, increasing incidence and prevalence of cardiac disorders is another major factor that is expected to boost the global market growth. However, the risk of contracting infection due to cardiovascular implantable electronic device could hinder the growth.
Global Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size (USD Million), 2021-2029
Source: Erevna Healthcare
By Product
Based on product, the cardiac monitoring and CRM devices market is segmented into electrocardiogram (ECG), mobile cardiac telemetry devices, implantable loop recorders, cardiac output monitoring devices, event monitors. In 2020, the ECG segment accounted for the largest revenue share owing to its advancements in the technology in the medical field to improve the workflow including touch screen facility, portability, easy operations, WiFi-enabled, connectivity with the EMR and EHR and cardiovascular information system.
By Type
Based on type, the market can be segmented into defibrillators and pacemakers. In 2021, the largest share was held by the cardiac defibrillators and is expected to grow at the highest CAGR during the forecast period owing to factors such as increase in the number of cardiac diseases and availability of technologically advanced and improved devices in the market. The pacemaker segment is also expected to grow at a lucrative CAGR during the forecast period.
By End User
Based on end user, the market can be bifurcated into ambulatory centers, home healthcare, hospitals, and others. The hospitals segment was the largest revenue-grossing segment in 2021. This is due to the rise in the incidence and prevalence of cardiovascular diseases, surge in the number of cardiac implant surgeries, increasing number of diagnoses, and growing reimbursement provided to patients for diagnostic purposes.
Regional Insights
In 2021, North America was the highest revenue-generating segment in the global market and is estimated to maintain its dominance during the forecast period. This is attributed to the well-developed healthcare expenditure and presence of several prominent manufacturers. Asia Pacific is projected to grow at the fastest CAGR over the forecast period owing to the rising prevalence of cardiovascular diseases, escalating healthcare expenses, and developing healthcare infrastructure in this region.
Competitor Insights
Some of the key players in the cardiac monitoring and CRM devices market are Medtronic (Ireland), Abbott Laboratories (U.S.), MicroPort Scientific Corporation (China), Boston Scientific (U.S.), Koninklijke Philips (Netherlands), BIOTRONIK (Germany), GE Healthcare (U.S.), Asahi Kasei Corporation (Japan), SCHILLER AG (Switzerland), Narang Medical Limited (India), Hill-Rom Holdings (U.S.), OSYPKA (Germany), BioTelemetry (U.S.), ACS Diagnostics (U.S.), Nihon Kohden (Japan), BPL Medical Technologies (India), MeTrax GmbH (Germany), Shenzhen Mindray Bio-Medical Electronics (China), Shree Pacetronix (India), Alivecor, Inc. (U.S.), Lepu Medical Technology (China), Amiitalia (Italy), Bexen Cardio (Spain), BTL t(U.S.), and Progetti Srl (Italy). The leading players operating in the Cardiac Monitoring industry are adopting various strategies including collaborations, mergers & acquisitions, and new product launches.
This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The cardiac monitoring and cardiac rhythm management devices market report is categorized into the following segments and subsegments:
Cardiac Monitoring and Cardiac Rhythm Management Devices Market, By Product (Revenue, 2021- 2029, USD Billion)
- ECG
- Resting ECG
- Stress ECG
- Holter Monitors
- Mobile Cardiac Telemetry Devices
- Implantable Loop Recorders
- Cardiac Output Monitoring Devices
- Event Monitors
- Others
Cardiac Monitoring and Cardiac Rhythm Management Devices Market, By Type of Cardiac Rhythm Management Devices (Revenue, 2021- 2029, USD Billion)
- Implantable Cardioverter Defibrillators
- Transvenous Implantable Cardioverter Defibrillators (T-ICDs)
- Biventricular Implantable Cardioverter Defibrillators/Cardiac Resynchronization Therapy Defibrillators
- Dual-Chamber Implantable Cardioverter Defibrillators
- Single-Chamber Implantable Cardioverter Defibrillators
- Subcutaneous Implantable Cardioverter Defibrillators (T-ICDs)
- Transvenous Implantable Cardioverter Defibrillators (T-ICDs)
- External Defibrillators
- Automated External Defibrillators
- Semi-Automated External Defibrillators
- Fully Automated External Defibrillators
- Manual External Defibrillators
- Wearable Cardioverter Defibrillators
- Automated External Defibrillators
- Pacemakers
- Implantable Pacemakers
- External Pacemakers
Cardiac Monitoring and Cardiac Rhythm Management Devices Market, By End Use (Revenue, 2021- 2029, USD Billion)
- Hospitals
- Cardiac Centers
- Ambulatory Surgery Centers
- Others
Cardiac Monitoring and Cardiac Rhythm Management Devices Market, By Region (Revenue, 2021- 2029, USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- Australia
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Scope of Cardiac Monitoring and Cardiac Rhythm Management Devices Market Report:
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Table of Contents: Cardiac Monitoring and Cardiac Rhythm Management Devices Market 2021-2029
- Research Methodology
- Study Objectives
- Study Scope
- Research Assumptions
- Research Framework
- Research Models
- Bottom-up Approach
- Top-down Approach
- Data Triangulation
- Data Procurement
- Internal Database
- Secondary Research
- Purchased Database
- Primary Research
- Data Analysis
- Data Validation
- Market Size Estimation
- Market Forecast Model
- Quality Assessment
- Research Models
- Introduction: Cardiac Monitoring and Cardiac Rhythm Management Devices
- Executive Summary
- Global Market Scenario
- Segment Market Scenario
- Geographic Market Scenario
- COVID-19 Impact
- Competitive Landscape
- Market Dynamics
- Market Drivers
- Driver 1
- Driver 2
- Driver 3
- Driver 4
- Driver 5
- Market Restraint
- Restraint 1
- Restraint 2
- Restraint 3
- Restraint 4
- Market Opportunities
- Opportunity 1
- Opportunity 2
- Opportunity 3
- Opportunity 4
- Market Trends
- Trend 1
- Trend 2
- Trend 3
- Trend 4
- Market Challenges
- Challenge 1
- Challenge 2
- Challenge 3
- Challenge 4
- Market Drivers
- Market Environment Analysis
- Porter’s 5 Forces Analysis
- PESTEL Analysis
- Value Chain Analysis
- SWOT Analysis
- Benchmark
- COVID-19 Impact Analysis: Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- COVID-19: Overview
- COVID-19 Impact on the Global Market
- COVID-19 Impact on the Regional Markets
- Market Analysis by Product
- ECG
- ECG Market Forecast, 2021-2029 (USD Million)
- Mobile Cardiac Telemetry Devices
- Mobile Cardiac Telemetry Devices Market Forecast, 2021-2029 (USD Million)
- Implantable Loop Recorders
- Implantable Loop Recorders Market Forecast, 2021-2029 (USD Million)
- Cardiac Output Monitoring Devices
- Cardiac Output Monitoring Devices Market Forecast, 2021-2029 (USD Million)
- Event Monitors
- Event Monitors Market Forecast, 2021-2029 (USD Million)
- Others
- Others Market Forecast, 2021-2029 (USD Million)
- ECG
- Market Analysis by Type
- Implantable Cardioverter Defibrillators
- Implantable Cardioverter Defibrillators Market Forecast, 2021-2029 (USD Million)
- External Defibrillators
- External Defibrillators Market Forecast, 2021-2029 (USD Million)
- Pacemakers
- Pacemakers Market Forecast, 2021-2029 (USD Million)
- Implantable Cardioverter Defibrillators
- Market Analysis by End Use
- Hospitals
- Hospitals Market Forecast, 2021-2029 (USD Million)
- Cardiac Centres
- Cardiac Centres Market Forecast, 2021-2029 (USD Million)
- Ambulatory Surgery Centres
- Ambulatory Surgery Centres Market Forecast, 2021-2029 (USD Million)
- Others
- Others Market Forecast, 2021-2029 (USD Million)
- Hospitals
- Regional Market Analysis
- Regional Market Trends
- Regional Market: Comparative Analysis
- North America Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- North America Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- North America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- S. Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- S. Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Canada Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- S. Market Size and Forecast, 2021-2029 (USD Million)
- North America Market Size and Forecast, 2021-2029 (USD Million)
- North America Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Germany Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- UK Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- France Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- France Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Spain Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Italy Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Rest of Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- France Market Size and Forecast, 2021-2029 (USD Million)
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Europe Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Japan Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- China Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- China Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- India Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- India Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- South Korea Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Australia Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Rest of Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- India Market Size and Forecast, 2021-2029 (USD Million)
- China Market Size and Forecast, 2021-2029 (USD Million)
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Latin America Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Latin America Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Brazil Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Mexico Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Argentina Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Rest of Latin America Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- MEA Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- MEA Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- GCC Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- South Africa Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Rest of MEA Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd Use, 2021-2029 (USD Million)
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- MEA Cardiac Monitoring and Cardiac Rhythm Management Devices Market
- Competitor Analysis
- Market Share Analysis, 2021 & 2029
- Competitive Mapping
- Key Players Market Place Analysis
- Major Recent Developments
- Company Profiles
- Medtronic (Ireland)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- Abbott Laboratories (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- MicroPort Scientific Corporation (China)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- Boston Scientific (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- Koninklijke Philips (Netherlands)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- BIOTRONIK (Germany)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- GE Healthcare (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- Asahi Kasei Corporation (Japan)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- SCHILLER AG (Switzerland)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- Narang Medical Limited (India)
- Company Snapshot
- Company Overview
- Financials
- Type Benchmarking
- Recent Developments
- Hill-Rom Holdings (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- OSYPKA (Germany)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- BioTelemetry (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- ACS Diagnostics (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Nihon Kohden (Japan)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Others Prominent Players
- Medtronic (Ireland)
Conclusion & Recommendations