New Analysis from Global Industry Analysts Reveals Steady Growth for Cardiac Monitoring Devices, with the Market to Reach $8.6 Billion Worldwide by 2026

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Jun 28, 2022, 04:30 ET

SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Cardiac Monitoring Devices - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

New Analysis from Global Industry Analysts Reveals Steady Growth for Cardiac Monitoring Devices, with the Market to Reach $8.6 Billion Worldwide by 2026

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Edition: 7; Released: January 2022
Executive Pool: 10709
Companies: 47 - Players covered include Abbott Laboratories; Applied Cardiac Systems, Inc.; BioTelemetry, Inc.; Biotronik SE & Co. KG; Boston Scientific Corporation; Cardiac Science Corporation; GE Healthcare; Hill-Rom Holdings, Inc.; LivaNova PLC; Medtronic PLC; Philips Healthcare; Schiller AG and Others.
Coverage: All major geographies and key segments
Segments: Segment (Electrocardiogram (ECG) Devices, Implantable Loop Recorder (ILRs), Cardiac Event Monitors, Cardiac Output Monitoring (COM) Devices)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Cardiac Monitoring Devices Market to Reach $8.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Cardiac Monitoring Devices estimated at US$5.8 Billion, is projected to reach a revised size of US$8.6 Billion by 2026, growing at a CAGR of 6.6% over the analysis period. Electrocardiogram (ECG) Devices, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$5.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Implantable Loop Recorder (ILRs) segment is readjusted to a revised 7.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.9 Billion in 2021, While China is Forecast to Reach $1.5 Billion by 2026
The Cardiac Monitoring Devices market in the U.S. is estimated at US$1.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Cardiac Event Monitors Segment to Reach US$1 Billion by the year 2026
In the global Cardiac Event Monitors segment, USA, Canada, Japan, China and Europe will drive the 7.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$539.8 Million will reach a projected size of US$893 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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