Cardiac Monitoring Market

Asia Pacific Cardiac Monitoring Market

  • HC-2229
  • 4.7 Rating
  • 185 Pages
  • Upcoming
  • 75 Reviews
  • PDF Excel PPT
raksha

Author :

Raksha Sharma

Vineet

Fact-checked by :

Vineet Pandey

Vishal

Editor :

Vishal Golekar

Asia Pacific Cardiac Monitoring Market Outlook 2031:

The Asia Pacific cardiac monitoring market size was valued at USD 4.16 Billion in 2022 and is projected to reach USD 6.89 Billion by 2031, expanding at a CAGR of 5.77% during the forecast period 2023 - 2031. Growth of the market is attributed to increased demand for home-based point-of-care and remote monitoring cardiac systems.

Cardiac monitoring devices are used to monitor and diagnose a variety of heart and circulatory system irregularities and diseases. Heart monitoring (CM) devices are used to keep track of a patient's cardiac activity in real time. Heart failure, atrial fibrillation, atrial flutter, signs of recent heart attack, coronary ischemia, lack of oxygen delivery to cardiac muscles, medication side effects, and some genetic defects are treated with CM devices.

Asia Pacific Cardiac Monitoring Market Outlook

Continuous cardiac monitoring is required to check the patient's health if they have CVD. Cardiovascular diseases (CVD) are the major cause of mortality in Asia Pacific. Obesity, diabetes, lifestyle, and eating habits are all variables that contribute to cardiovascular disease.

Due to rising incidences of cardiac diseases and the need to limit mortality rates by early detection and treatment of CVD with the aid of cardiac monitoring equipment, the rate of diagnosis for cardiovascular diseases is increasing over time.


The COVID-19 pandemic is expected to provide a significant boost to the cardiac monitoring devices. More than 200 economies have been affected by the virus, which has infected roughly 14 million individuals worldwide. It targets the body's respiratory system, causing changes in heart activity, therefore it's crucial to keep track of patients' vital signs and cardiac activity.

Cardiac Monitoring Market Trends, Drivers, Restraints, and Opportunities

  • Rising prevalence of cardiovascular disease is expected to fuel the market during the forecast period.
  • Favorable reimbursement policies are key factor propelling the market.
  • High cost of diagnosis and treatment are projected to hamper the market growth.
  • Rising demand for a better healthcare system is estimated to create lucrative opportunities for the market players.

Scope of the Cardiac Monitoring Market Report

The report on the Asia Pacific cardiac monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Asia Pacific Cardiac Monitoring Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (ECG Monitor, Event Recorder, Implantable Cardiac Loop Recorder, Pacemaker, and Others), Applications (Hospitals and Clinics, Home Care Settings, and Ambulatory Surgical Centers)

Regional Scope

China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Abbott Laboratories; Biotronik; Boston Scientific Corporation; GE Healthcare; Hill-Rom Holdings, Inc.

Cardiac Monitoring Market Segment Insights:

The ECG monitor segment is projected to hold a major market share

On the basis of types, the Asia Pacific cardiac monitoring market is segregated into ECG monitor, event recorder, implantable cardiac loop recorder, pacemaker, and others. The ECG monitor segment is expected to represent a key share of the market during the forecast period.

The technique of creating an electrocardiogram is known as electrocardiography. The popularity of ECG monitors is expected to rise due to the introduction of commercially advanced devices with Bluetooth sensor technology and mobile app technology. Increasing incidence of the condition, as well as technological and product advances in the creation of ECG equipment, are expected to drive the market.

Asia Pacific Cardiac Monitoring Market Types

The hospital and clinical segment is anticipated to expand during the forecast period

In terms of end user, the Asia Pacific cardiac monitoring market is segmented into hospitals and clinics, home care settings, and ambulatory surgical centers. The hospitals segment is expected to represent a key share of the market during the forecast period.

The hospitals segment holds a major market share. Factors such as the rising incidence of CVD, increasing number of patient visits to hospitals for diagnosis, rising number of cardiac implant operations, and availability of payment for these treatments drives the market.

Asia Pacific Cardiac Monitoring Market End User

China is projected to hold a major market share

In terms of geography, the Asia Pacific cardiac monitoring market is classified as China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific. China is anticipated to dominate the market during forecast period.

Factors such as rising prevalence of CVD, increasing healthcare expenditure, rising disposable income, growing healthcare awareness, and availability of technologically advanced gadgets in the region boost the market.

Segments

The Asia Pacific cardiac monitoring market is segmented on the basis of

Types

  • ECG Monitor
  • Event Recorder
  • Implantable Cardiac Loop Recorder
  • Pacemaker
  • Others

End-users

  • Hospitals and Clinics
  • Home Care Settings
  • Ambulatory Surgical Centers

Regions

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Key Players

Competitive Landscape

The major players in the Asia Pacific cardiac monitoring market include Abbott Laboratories, Biotronik, Boston Scientific Corporation, GE Healthcare, Hill-Rom Holdings, Inc.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Asia Pacific Cardiac Monitoring Market End User

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cardiac Monitoring Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cardiac Monitoring Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cardiac Monitoring Market - Supply Chain
  4.5. Global Cardiac Monitoring Market Forecast
     4.5.1. Cardiac Monitoring Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cardiac Monitoring Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cardiac Monitoring Market Absolute $ Opportunity
5. Global Cardiac Monitoring Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Cardiac Monitoring Market Size and Volume Forecast by Types
     5.3.1. ECG Monitor
     5.3.2. Event Recorder
     5.3.3. Implantable Cardiac Loop Recorder
     5.3.4. Pacemaker
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Cardiac Monitoring Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Cardiac Monitoring Market Size and Volume Forecast by End Users
     6.3.1. Hospitals and Clinics
     6.3.2. Home Care Settings
     6.3.3. Ambulatory Surgical Centers
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Cardiac Monitoring Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Cardiac Monitoring Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Cardiac Monitoring Demand Share Forecast, 2019-2026
8. North America Cardiac Monitoring Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Cardiac Monitoring Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Cardiac Monitoring Market Size and Volume Forecast by Types
     8.4.1. ECG Monitor
     8.4.2. Event Recorder
     8.4.3. Implantable Cardiac Loop Recorder
     8.4.4. Pacemaker
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Cardiac Monitoring Market Size and Volume Forecast by End Users
     8.7.1. Hospitals and Clinics
     8.7.2. Home Care Settings
     8.7.3. Ambulatory Surgical Centers
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Cardiac Monitoring Demand Share Forecast, 2019-2026
9. Latin America Cardiac Monitoring Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Cardiac Monitoring Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Cardiac Monitoring Market Size and Volume Forecast by Types
     9.4.1. ECG Monitor
     9.4.2. Event Recorder
     9.4.3. Implantable Cardiac Loop Recorder
     9.4.4. Pacemaker
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Cardiac Monitoring Market Size and Volume Forecast by End Users
     9.7.1. Hospitals and Clinics
     9.7.2. Home Care Settings
     9.7.3. Ambulatory Surgical Centers
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Cardiac Monitoring Demand Share Forecast, 2019-2026
10. Europe Cardiac Monitoring Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Cardiac Monitoring Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Cardiac Monitoring Market Size and Volume Forecast by Types
     10.4.1. ECG Monitor
     10.4.2. Event Recorder
     10.4.3. Implantable Cardiac Loop Recorder
     10.4.4. Pacemaker
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Cardiac Monitoring Market Size and Volume Forecast by End Users
     10.7.1. Hospitals and Clinics
     10.7.2. Home Care Settings
     10.7.3. Ambulatory Surgical Centers
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Cardiac Monitoring Demand Share Forecast, 2019-2026
11. Asia Pacific Cardiac Monitoring Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Cardiac Monitoring Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Cardiac Monitoring Market Size and Volume Forecast by Types
     11.4.1. ECG Monitor
     11.4.2. Event Recorder
     11.4.3. Implantable Cardiac Loop Recorder
     11.4.4. Pacemaker
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Cardiac Monitoring Market Size and Volume Forecast by End Users
     11.7.1. Hospitals and Clinics
     11.7.2. Home Care Settings
     11.7.3. Ambulatory Surgical Centers
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Cardiac Monitoring Demand Share Forecast, 2019-2026
12. Middle East & Africa Cardiac Monitoring Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Cardiac Monitoring Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Cardiac Monitoring Market Size and Volume Forecast by Types
     12.4.1. ECG Monitor
     12.4.2. Event Recorder
     12.4.3. Implantable Cardiac Loop Recorder
     12.4.4. Pacemaker
     12.4.5. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Cardiac Monitoring Market Size and Volume Forecast by End Users
     12.7.1. Hospitals and Clinics
     12.7.2. Home Care Settings
     12.7.3. Ambulatory Surgical Centers
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Cardiac Monitoring Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Cardiac Monitoring Market: Market Share Analysis
  13.2. Cardiac Monitoring Distributors and Customers
  13.3. Cardiac Monitoring Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Abbott Laboratories
     13.4.2. Biotronik
     13.4.3. Boston Scientific Corporation
     13.4.4. GE Healthcare
     13.4.5. Hill-Rom Holdings, Inc.

Purchase Premium Report