North America Cardiac Arrhythmia Monitoring Devices Market - Growth, Trends, and Forecasts (2020-2025)

Telecardiology, in general, provides a monitoring device that can be fixed on the chest area of the patients suffering from cardiac arrhythmia. Telecardiology is a cost-effective intervention for the elderly population affected by heart failure. In most of the cardiac disorders, continuous cardiac monitoring is required. Although cardiac arrhythmia cannot be cured completely, the best possible way to continuously monitor the patients suffering from cardiac arrhythmia is through remote patient monitoring. Since these devices improve the convenience of the patients, it is becoming extremely popular among both, patients and the doctors. Moreover, due to rising investments in cardiology informatics, connected devices, and mobile solutions for advanced cardiac care. Hence, owing to these factors, the market is expected to witness rapid growth in the forecast period.

Key Market Trends

Holter Monitoring Devices is Expected to Hold Largest Share Over the Forecast Period

Holter monitoring devices dominate the market as these devices can be used for longer durations for diagnosing sporadic symptoms in suffering patients. They also offer faster and convenient monitoring to increase patient compliance and is also likely to enhance treatment outcome. Furthermore, there are several advancements taking place in the cardiac arrhythmia monitoring devices market and these advances are rapidly increasing, which in turn, is driving the cardiac arrhythmia monitoring devices market. For instance, recently, NASA launched the human research facility Holter monitor (Holter), which is a modified commercial off-the-shelf (COTS) device that accurately records the electrical activity of a crewmember's heart over an extended period of time. Furthermore, cardiovascular diseases are the major cause of deaths in North America, which has increased the need for the development of advanced devices, which in turn fuels the market growth.

Competitive Landscape

The North American cardiac arrhythmia monitoring devices market consists of several major players. The companies are implementing certain strategic initiatives, such as mergers and acquisitions, new product launches, and partnerships that help them in strengthening their market position. For instance, in December 2018, iRhythm Technologies Inc. developed a new device called Zio patch, which helps patients to monitor their heartbeat. Market leaders with more funds for research and better distribution system have established their position in the market.

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