The Remote Cardiac Monitoring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Remote Cardiac Monitoring Global Market Report 2024, The remote cardiac monitoring market size is expected to see exponential growth in the next few years. It will grow to $13.92 billion in 2028 at a compound annual growth rate (CAGR) of 22.4%. The growth in the forecast period can be attributed to increasing healthcare infrastructure, awareness in emerging economies, continued rise of telehealth services, growing consumer interest in wearable health tech, and efforts to reduce healthcare costs by minimizing hospital readmissions. Major trends in the forecast period include seamless integration of AI and machine learning algorithms with telehealth platforms, data security and privacy enhancements, development of personalized monitoring solutions, increased use of cloud-based platforms for data storage and analytics, technological advancements.
The increasing prevalence of cardiovascular diseases is expected to propel the growth of the remote cardiac monitoring market going forward. Cardiovascular diseases are a group of disorders involving the heart and blood vessels, including conditions such as coronary artery disease, heart failure, arrhythmias, and hypertension. Cardiovascular diseases are rising due to factors such as unhealthy diets, physical inactivity, increased prevalence of obesity and diabetes, and aging populations. Remote cardiac monitoring is required for cardiovascular diseases to enable continuous, real-time tracking of heart health, allowing for early detection, timely intervention, and better management of these conditions. For instance, in August 2022, a report published by the American College of Cardiology, a US-based non-profit medical association, projected significant increases in cardiovascular risk factors in the US by 2060, with diabetes rising by 39.3% to 55 million individuals and stroke cases increasing by 33.8% to 15 million. Therefore, the rising prevalence of cardiovascular diseases will drive the remote cardiac monitoring market.
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The remote cardiac monitoring market covered in this report is segmented –
1) By Type: Devices, Software, Services
2) By Indication: Bradycardia, Tachycardia, Atrial And Ventricular Fibrillation, Other Indications
3) By End User: Hospitals And Clinics, Emergency Settings, Homecare Settings , Other End Users
Major companies operating in the remote cardiac monitoring market are developing technologically advanced solutions, such as ultrasound systems, to enhance the accuracy and convenience of cardiac health monitoring. An ultrasound system refers to a medical device used for performing ultrasound imaging. For instance, In December 2022, Royal Philips launched the Ultrasound Compact System 5000 Series, offering premium diagnostic quality, portability, compatibility with EPIQ Elite and Affiniti transducers, and featuring Collaboration Live telemedicine software for real-time remote consultations. It provides access to premium cart-based diagnostic quality, emphasizing portability and versatility while maintaining high image fidelity and performance.
The remote cardiac monitoring market report table of contents includes:
1. Executive Summary
2. Remote Cardiac Monitoring Market Report Structure
3. Remote Cardiac Monitoring Market Trends And Strategies
4. Remote Cardiac Monitoring Market – Macro Economic Scenario
5. Remote Cardiac Monitoring Market Size And Growth
…..
27. Remote Cardiac Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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