With the emergence and long-term Impact of COVID-19, Global Wearable Heart Monitoring Devices Market to reach USD xx billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Wearable Heart Monitoring Devices Market points towards a potential rise to USD xx billion by 2030. Wearable heart monitoring devices are portable electronic devices that are designed to track and continually monitor the activities of the heart. these devices are normally worn on the body, usually on the wrist or chest to monitor and record heart rate, heart rhythm, and other pertinent data.
The primary objectives of wearable heart monitoring devices are to identify any irregularities or abnormalities in heart activity and provide users with real-time information about their heart health. Factors such as growing emphasis on personal health and fitness, rising awareness of wearables-based cardiac monitoring, and rapid integration with digital health ecosystems, coupled with the increasing aging population and chronic disease management are driving the market growth worldwide.
Geographically, the global Wearable Heart Monitoring Devices market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising focus on personal health and fitness, along with the presence of major market players and their strategic initiatives in the region. For instance, in March 2022, Biotricity Inc. announce the launch of Biotres- a wireless wearable cardiac monitoring device, which is approved by the FDA.
Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The rising geriatric population, the presence of a supportive regulatory environment, as well as increasing adoption of remote patient monitoring especially in developing economies are significantly propelling the market demand across the region.
The global Wearable Heart Monitoring Devices market is highly competitive owing to the presence of several key manufacturers such as Medtronic plc BioTelemetry, Inc. Boston Scientific ZOLL Medical Corporation Heartbit Holdings Plc. iRhythm Technologies, Inc. ACS Diagnostics, Inc. General Electric Company Hemodynamics Company LLC Sonova Holding AG, and others.
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Key findings of the study suggest:
- Global Wearable Heart Monitoring Devices Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030.
- In Product segment, Optical Technology-based Product emerged out as the leading market segment in 2023.
- North America is anticipated to drive regional growth owing to rising focus on personal health and fitness in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to rising geriatric population in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Electric Pulse-based Product
- Optical Technology-based Product
By Devices:
- Diagnostic & Monitoring Devices
- Therapeutic Devices
By Application:
- Sports & Fitness
- Remote Patient Monitoring
- Home Healthcare
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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