South America Cardiac Monitoring Market Size, Growth | 2031

Segments - South America Cardiac Monitoring Market by Device (ECG Monitor, Event Recorder, Implantable Cardiac Loop Recorder, Pacemaker, Defibrillator, Cardiac Resynchronization Therapy (CRT) Devices, Smart Wearable, and Other Device Types), End-users (Hospitals and Clinics, Home Care Settings, and Other End-users), and Geography (Brazil, Argentina, and Rest of South America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The South America cardiac monitoring market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.8% during 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.

South America Cardiac Monitoring Market Outlook

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. For observing heart activity, cardiac monitoring devices are employed. 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 South America. Obesity, diabetes, lifestyle, and eating habits are all variables that contribute to cardiovascular disease. According to the WHO data in 2018, heart related disease caused 171,979 deaths in Brazil, accounting for 15.60 percent of all mortality.

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.

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 South America Cardiac Monitoring Market Report

The report on the global South America 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	Cardiac Monitoring Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Device (ECG Monitor, Event Recorder, Implantable Cardiac Loop Recorder, Pacemaker, Defibrillator, Cardiac Resynchronization Therapy (CRT) Devices, Smart Wearable, and Other Device Types), End-users (Hospitals and Clinics, Home Care Settings, and Other End-users)
Geographical Scope	Brazil, Argentina, and Rest of South America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Phillips Healthcare, Medtronic PLC, Boston Scientific Corporation, GE Healthcare, and Biotronik.

South America Cardiac Monitoring Market Segment Insights

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

On the basis of, the South America cardiac monitoring market is divided into ECG monitor, event recorder, implantable cardiac loop recorder, pacemaker, defibrillator, cardiac resynchronization therapy (CRT) devices, smart wearable, and other device types. 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.

According to WHO data from 2018, Argentina ranked 146th in the world in terms of stroke fatalities, with 20,603 deaths accounting for 7.88 percent of all deaths. The prevalence rate is 33.6 cases per 100,000 people. Increasing incidence of the condition, as well as technological and product advances in the creation of ECG equipment, are expected to drive the market.

The hospitals segment is expected to grow at a rapid pace

On the basis of, the South America cardiac monitoring market is segmented into hospitals and clinics, home care settings, and other end-users. The hospitals segment is expected to represent a key share of the market during the forecast period.

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

South America Cardiac Monitoring Market End Users

Brazil is expected to dominate the market

On the basis of geography, the South America cardiac monitoring market is classified as Brazil, Argentina, and Rest of South America. The market of Brazil is anticipated to expand at a high CAGR during the forecast period owing to high incidence rates of cardiac diseases. Factors such as increased prevalence of cardiac diseases and rapidly growing elderly patient population are driving the market.

According to a 2013 study published in the Journal of the American College of Cardiology, the estimated prevalence rate of heart failure in South America is between 64 and 69 percent. Due to rising number of technical developments in cardiac monitoring, the diagnosis, monitoring, and treatment of cardiac problems is likely to be a profitable for market participants in the future.

Segments

The South America cardiac monitoring market has been segmented on the basis of

Device Type

ECG Monitor
Event Recorder
Implantable Cardiac Loop Recorder
Pacemaker
Defibrillator
Cardiac Resynchronization Therapy (CRT) Devices
Smart Wearable
Other Device Types

End-users

Hospitals and Clinics
Home Care Settings
Other End-users

Geography

Brazil
Argentina
Rest of South America

Key Players

Phillips Healthcare
Medtronic PLC
Boston Scientific Corporation
GE Healthcare
Biotronik

Competitive Landscape

Key players competing in the South America cardiac monitoring market include Phillips Healthcare, Medtronic PLC, Boston Scientific Corporation, GE Healthcare, and Biotronik.

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.

South America Cardiac Monitoring Market Key Players

Table Of Content

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 (000â€™ Units) and Y-o-Y Growth
     4.5.3. Cardiac Monitoring Market Absolute $ Opportunity
5. Global Cardiac Monitoring Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Cardiac Monitoring Market Size and Volume Forecast by End Users
     5.3.1. Hospitals and Clinics Home Care Settings Other End-users
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Cardiac Monitoring Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Cardiac Monitoring Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Cardiac Monitoring Demand Share Forecast, 2019-2026
7. North America Cardiac Monitoring Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Cardiac Monitoring Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Cardiac Monitoring Market Size and Volume Forecast by End Users
     7.4.1. Hospitals and Clinics Home Care Settings Other End-users
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Cardiac Monitoring Demand Share Forecast, 2019-2026
8. Latin 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
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Cardiac Monitoring Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Cardiac Monitoring Market Size and Volume Forecast by End Users
     8.4.1. Hospitals and Clinics Home Care Settings Other End-users
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Cardiac Monitoring Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Cardiac Monitoring Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Cardiac Monitoring Market Size and Volume Forecast by End Users
     9.4.1. Hospitals and Clinics Home Care Settings Other End-users
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Cardiac Monitoring Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Cardiac Monitoring Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Cardiac Monitoring Market Size and Volume Forecast by End Users
     10.4.1. Hospitals and Clinics Home Care Settings Other End-users
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Cardiac Monitoring Demand Share Forecast, 2019-2026
11. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Cardiac Monitoring Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Cardiac Monitoring Market Size and Volume Forecast by End Users
     11.4.1. Hospitals and Clinics Home Care Settings Other End-users
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Cardiac Monitoring Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Cardiac Monitoring Market: Market Share Analysis
  12.2. Cardiac Monitoring Distributors and Customers
  12.3. Cardiac Monitoring Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Phillips Healthcare Medtronic PLC Boston Scientific Corporation GE Healthcare Biotronik