The Business Research Company’s report on the Wearable Heart Monitoring Devices Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the wearable heart monitoring devices market further?
The increasing incidence of cardiovascular diseases (CVD) is expected to propel the growth of the wearable heart monitoring devices market going forward. Cardiovascular diseases that include abnormalities in the heart such as atrial fibrillation, ventricular fibrillation, and atrioventricular block require long-term monitoring. Patients suffering from cardiovascular diseases would need wearable devices that enable continuous heart monitoring which is very crucial to track the heart rate. For instance, in October 2022, according to the Center for Disease Control and Prevention (CDCP), a US-based government agency, in the United States, one person dies from cardiovascular disease every 34 seconds. Therefore, the increasing incidence of cardiovascular diseases (CVD) drives wearable heart monitoring devices.
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What are the key factors influencing the forecasted market size of the wearable heart monitoring devices industry?
The wearable heart monitoring devices market size has grown rapidly in recent years. It will grow from $2.4 billion in 2024 to $2.69 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increased focus on preventive healthcare, rise in chronic cardiovascular conditions, miniaturization and wearable design, health and fitness trends, clinical adoption and validation.
The wearable heart monitoring devices market size is expected to see rapid growth in the next few years. It will grow to $4.59 billion in 2029 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to increasing aging population, rising health consciousness, integration with smartphones and iot, expansion of remote patient monitoring, emphasis on personalized healthcare. Major trends in the forecast period include miniaturization and wearable design, advancements in sensor technology, integration of ai and machine learning, remote patient monitoring, focus on preventive healthcare.
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Who are the leading competitors in the wearable heart monitoring devices market?
Major companies operating in the wearable heart monitoring devices market include Medtronic plc, Royal Philips, Boston Scientific Corporation, Johnson & Johnson Private Limited, Beurer GmbH, Chinese Ogawa Smart Healthcare Technology Group Co.Ltd., Polar Electro Oy, Garmin Ltd., Abbott India Ltd., GE HealthCare Technologies Inc., Biotronik SE & Co KG, Asahi Kasei Corporation, MicroPort Scientific Corporation, Nihon Kohden Corporation, SCHILLER AG, BPL Medical Technologies Pvt. Ltd., AliveCor Inc., Bardy Diagnostics Inc., BioTelemetry Inc., Cardiac Insight Inc.
Which emerging trends are set to transform the wearable heart monitoring devices market landscape?
Technological advancements are a key trend gaining popularity in the wearable heart monitoring devices market. Major companies operating in wearable heart monitoring devices are introducing innovative products with advanced technologies to strengthen their position in the market. For instance, in January 2023, engineers at UC San Diego, a US-based developed a wearable ultrasound device for cardiac imaging, designed to assess heart structure and function during physical activity. This portable device can be worn for up to 24 hours and utilizes AI algorithms to measure blood flow, which is critical for identifying cardiovascular issues. The technology aims to make ultrasound imaging more accessible, overcoming the limitations of traditional echocardiograms that require bulky equipment and trained technicians. This innovation promises continuous, non-invasive monitoring of cardiac health, even during exercise, enhancing early detection and management of heart diseases.
How do different geographies compare in terms of market share and growth potential in the wearable heart monitoring devices market?
North America was the largest region in the wearable heart monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the wearable heart rate monitoring devices market report during the forecast period. The regions covered in the wearable heart monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Which major segments of the wearable heart monitoring devices market are experiencing the fastest growth?
The wearable heart monitoring devices market covered in this report is segmented –
1) By Device Type: Diagnostic And Monitoring Devices, Therapeutic Devices
2) By Product Type: Electric Pulse-Based Product, Optical Technology-Based Product
3) By Distribution Channel: Pharmacies, Online Channels, Hyper markets
4) By Application: Sports And Fitness, Remote Patient Monitoring, Home Healthcare
Subsegments:
1) By Diagnostic And Monitoring Devices: ECG Monitors, Heart Rate Monitors, Pulse Oximeters, Wearable Holter Monitors, Smartwatches With Heart Monitoring Features
2) By Therapeutic Devices: Wearable Defibrillators, Cardiac Pacemakers, Wearable Therapeutic Monitors
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How is the wearable heart monitoring devices market defined, and what are its core characteristics?
A wearable heart monitor refers to a personal monitoring device that records and tracks heart rate using an electrical detection band that wraps around the chest. It is primarily used to collect heart rate data while engaging in various types of physical activities and other exercises.
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