Cardiac Remote Monitoring Market

Global Cardiac Remote Monitoring Market Size, Trends & Analysis - Forecasts to 2027 By Component (Smart Cardiac Devices[Wearable Holter Monitors, Wearable ECG Monitors, Wearable Blood Pressure Monitors, and Others], Software, and Services) By End-Users (Hospitals and Clinics, Emergency Settings, Homecare Settings, and Others), By Application (Cardiac Rhythm Management, Cardiac Implantable Tracking, Cardiac Failure Tracking, and Hypertension Management), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Share Analysis, and Competitor Analysis

Category Healthcare
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This report was recently updated on June 18 2024 with the latest and most recent market numbers

Global Cardiac Remote Monitoring Market Size

The global cardiac remote monitoring market is projected to at a CAGR value of 8.5% from 2022 to 2027.

The major driving forces expected to influence market expansion are the increasing prevalence of cardiac diseases worldwide, the rising population of smokers, and people with diabetes being more prone to cardiovascular issues resulting in increased demand for cardiac remote monitoring devices.

Furthermore, the growing overweight population and the growing geriatric population base prone to cardiovascular illnesses can potentially improve outcomes by providing accurate and early identification, as well as lowering total mortality and hospital admissions, which will propel market expansion.

Companies are increasing their R&D expenditure to develop innovative and technologically advanced cardiac remote monitoring technology. In addition, increasing regulation and insurance policies will lead to market expansion in the projected period.

As telehealth is becoming an integral part of national healthcare strategies to combat COVID-19 and being accepted as a new method to get treatment, the demand for remote patient monitoring devices integrated with the service provider's telehealth infrastructure is bound to rise.

The COVID-19 outbreak had a positive impact on the cardiac remote monitoring market. As a result of the COVID outbreak, more patients with cardiovascular problems did opt for remote monitoring. Remote monitoring made this change to limit the risk of infection due to frequent hospital and clinic visits. Several firms have introduced services for remote cardiac patient monitoring. Firms are working on heart monitoring EKG equipment for cardiac patients at home and for physicians to use on COVID-19 patients.

COVID-19 morbidity and mortality rates are higher in patients who have had heart failure or implanted devices. Furthermore, there is mounting evidence that the condition has severe and perhaps long-term consequences for the heart. During the pandemic, remote and sensor tracking was soon deployed and encouraged to provide for a better assessment of the heart's clinical status while maintaining social distance through virtual visits.

global cardiac remote monitoring market

Global Cardiac Remote Monitoring Market: By Component

The global cardiac remote monitoring market is categorized into smart cardiac devices [Wearable Holter monitors, wearable ECG monitors, wearable blood pressure monitors, and others], software, and services based on component.

The smart cardiac devices segment is expected to hold the largest share of the market during the forecast period. The growing adoption of devices by hospitals and patients and ease of monitoring is driving market growth

Global Cardiac Remote Monitoring Market: By End-Users

The global cardiac remote monitoring market is categorized as hospitals and clinics, emergency settings, homecare settings, and others based on end-users.

The homecare settings segment is expected to be the fastest-growing segment in the global market. The increasing awareness and adoption of cardiac remote monitoring devices being prescribed by hospitals to patients are likely to boost the market growth of cardiac remote monitoring market.

Global Cardiac Remote Monitoring Market: By Application

The global cardiac remote monitoring market is segmented into cardiac rhythm management, cardiac implantable tracking, cardiac failure tracking, and hypertension management based on applications. The hypertension management segment is expected to be the fastest-growing market during the forecast period.

asia pacific cardiac remote monitoring market

Global Cardiac Remote Monitoring Market: By Region

As per the geographical analysis, the global cardiac remote monitoring  market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America (the United States, Canada, and Mexico) region is expected to be the dominant force in the global cardiac remote monitoring market during the forecast period.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest-growing.

Global Cardiac Remote Monitoring Market Share and Competitor Analysis

OSI Systems, Inc., GE Healthcare, Biotronik Se, Nihon Kohden Corporation, Abbott Laboratories, Boston Scientific Corporation, Koninklijke Philips N.V., Honeywell International, Inc., AMC Health, Medtronic, Vector Remote Care LLC, and others are key players in the global cardiac remote monitoring market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Cardiac Remote Monitoring Industry Overview, 2022-2027

2.1.1    Industry Overview

2.1.2    Component Overview

2.1.3    End-Users Overview

2.1.4    Application Overview

2.1.6    Regional Overview

Chapter 3   Cardiac Remote Monitoring Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2022-2027

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    The Increasing Prevalence of Cardiac Diseases Worldwide

3.3.1.2    Companies Are Increasing Their R&D Expenditure

3.3.2    Industry Challenges

3.3.2.1    The Device Can Be Hacked and Is Prone to Cyberattacks

3.4    Prospective Growth Scenario

3.4.1    Component Growth Scenario

3.4.2    End-Users Growth Scenario

3.4.3    Application Growth Scenario

3.5    COVID-19 Influence over Industry Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    End-User Overview

3.11    Market Share Analysis, 2020

3.11.1    Company Positioning Overview, 2020

Chapter 4   Cardiac Remote Monitoring Market, By Component

4.1    Component Outlook

4.2    Smart Cardiac Devices

4.2.1    Market Size, By Region, 2022-2027 (USD Billion)

4.3    Software

4.3.1    Market Size, By Region, 2022-2027 (USD Billion)

4.4    Services

4.4.1    Market Size, By Region, 2022-2027 (USD Billion)

Chapter 5   Cardiac Remote Monitoring Market, By End-Users

5.1    End-Users Outlook

5.2     Hospitals and Clinics

5.2.1    Market Size, By Region, 2022-2027 (USD Billion)

5.3    Emergency Settings

5.3.1    Market Size, By Region, 2022-2027 (USD Billion)

5.4    Homecare Settings

5.4.1    Market Size, By Region, 2022-2027 (USD Billion)

5.5    Others

5.5.1    Market Size, By Region, 2022-2027 (USD Billion)

Chapter 6   Cardiac Remote Monitoring Market, By Application

6.1    Cardiac Rhythm Management

6.1.1    Market Size, By Region, 2022-2027 (USD Billion)

6.2    Cardiac Implantable Tracking

6.2.1    Market Size, By Region, 2022-2027 (USD Billion)

6.3    Cardiac Failure Tracking

6.3.1    Market Size, By Region, 2022-2027 (USD Billion)

6.4    Cardiac Failure Tracking

6.4.1    Market Size, By Region, 2022-2027 (USD Billion)

Chapter 7   Cardiac Remote Monitoring Market, By Region

7.1    Regional outlook

7.2    North America

7.2.1    Market Size, By Country 2022-2027 (USD Billion)

7.2.2    Market Size, By Component, 2022-2027 (USD Billion)

7.2.3    Market Size, By End-Users, 2022-2027 (USD Billion)

7.2.4    Market Size, By Application, 2022-2027 (USD Billion)

7.2.6    U.S.

7.2.6.1    Market Size, By Component, 2022-2027 (USD Billion)

7.2.4.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.2.4.3    Market Size, By Application, 2022-2027 (USD Billion)

7.2.7    Canada

7.2.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.2.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.2.7.3    Market Size, By Application, 2022-2027 (USD Billion)

7.3    Europe

7.3.1    Market Size, By Country 2022-2027 (USD Billion)

7.3.2    Market Size, By Component, 2022-2027 (USD Billion)

7.3.3    Market Size, By End-Users, 2022-2027 (USD Billion)

7.3.4    Market Size, By Application, 2022-2027 (USD Billion)

7.3.6    Germany

7.3.6.1    Market Size, By Component, 2022-2027 (USD Billion)

7.3.6.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.3.6.3    Market Size, By Application, 2022-2027 (USD Billion)

7.3.7    UK

7.3.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.3.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.3.7.3    Market Size, By Application, 2022-2027 (USD Billion)

7.3.8    France

7.3.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.3.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.3.7.3    Market Size, By Application, 2022-2027 (USD Billion)

7.3.9    Italy

7.3.9.1    Market Size, By Component, 2022-2027 (USD Billion)

7.3.9.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.3.9.3    Market Size, By Application, 2022-2027 (USD Billion)

7.3.10    Spain

7.3.10.1    Market Size, By Component, 2022-2027 (USD Billion)

7.3.10.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.3.10.3    Market Size, By Application, 2022-2027 (USD Billion)

7.3.11    Russia

7.3.11.1    Market Size, By Component, 2022-2027 (USD Billion)

7.3.11.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.3.11.3    Market Size, By Application, 2022-2027 (USD Billion)

7.4    Asia Pacific

7.4.1    Market Size, By Country 2022-2027 (USD Billion)

7.4.2    Market Size, By Component, 2022-2027 (USD Billion)

7.4.3    Market Size, By End-Users, 2022-2027 (USD Billion)

7.4.4    Market Size, By Application, 2022-2027 (USD Billion)

7.4.6    China

7.4.6.1    Market Size, By Component, 2022-2027 (USD Billion)

7.4.6.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.4.6.3    Market Size, By Application, 2022-2027 (USD Billion)

7.4.7    India

7.4.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.4.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.4.7.3    Market Size, By Application, 2022-2027 (USD Billion)

7.4.8    Japan

7.4.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.4.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.4.7.3    Market Size, By Application, 2022-2027 (USD Billion)

7.4.9    Australia

7.4.9.1    Market Size, By Component, 2022-2027 (USD Billion)

7.4.9.2    Market size, By End-Users, 2022-2027 (USD Billion)

7.4.9.3    Market Size, By Application, 2022-2027 (USD Billion)

7.4.10    South Korea

7.4.10.1    Market Size, By Component, 2022-2027 (USD Billion)

7.4.10.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.4.10.3    Market Size, By Application, 2022-2027 (USD Billion)

7.5    Latin America

7.5.1    Market Size, By Country 2022-2027 (USD Billion)

7.5.2    Market Size, By Component, 2022-2027 (USD Billion)

7.5.3    Market Size, By End-Users, 2022-2027 (USD Billion)

7.5.4   Market Size, By Application, 2022-2027 (USD Billion)

7.5.6    Brazil

7.5.6.1    Market Size, By Component, 2022-2027 (USD Billion)

7.5.6.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.5.6.3    Market Size, By Application, 2022-2027 (USD Billion)

7.5.7    Mexico

7.5.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.5.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.5.7.3    Market Size, By Application, 2022-2027 (USD Billion)

7.5.8    Argentina

7.5.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.5.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.5.7.3    Market Size, By Application, 2022-2027 (USD Billion)

7.6    MEA

7.6.1    Market Size, By Country 2022-2027 (USD Billion)

7.6.2    Market Size, By Component, 2022-2027 (USD Billion)

7.6.3    Market Size, By End-Users, 2022-2027 (USD Billion)

7.6.4    Market Size, By Application, 2022-2027 (USD Billion)

7.6.6    Saudi Arabia

7.6.6.1    Market Size, By Component, 2022-2027 (USD Billion)

7.6.6.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.6.6.3   Market Size, By Application, 2022-2027 (USD Billion)

7.6.7    UAE

7.6.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.6.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.6.7.3    Market Size, By Application, 2022-2027 (USD Billion)

7.6.8    South Africa

7.6.7.1    Market Size, By Component, 2022-2027 (USD Billion)

7.6.7.2    Market Size, By End-Users, 2022-2027 (USD Billion)

7.6.7.3    Market Size, By Application, 2022-2027 (USD Billion)

Chapter 8   Company Landscape

8.1    Competitive Analysis, 2021

8.2    OSI Systems, Inc.

8.2.1    Company Overview

8.2.2    Financial Analysis

8.2.3    Strategic Positioning

8.2.4    Info Graphic Analysis

8.3    GE Healthcare

8.3.1    Company Overview

8.3.2    Financial Analysis

8.3.3    Strategic Positioning

8.3.4    Info Graphic Analysis

8.4     Biotronik Se

8.4.1    Company Overview

8.4.2    Financial Analysis

8.4.3    Strategic Positioning

8.4.4    Info Graphic Analysis

8.5    Nihon Kohden Corporation

8.5.1    Company Overview

8.5.2    Financial Analysis

8.5.3    Strategic Positioning

8.5.4    Info Graphic Analysis

8.6    Abbott Laboratories

8.6.1    Company Overview

8.6.2    Financial Analysis

8.6.3    Strategic Positioning

8.6.4    Info Graphic Analysis

8.7    Boston Scientific Corporation

8.7.1    Company Overview

8.7.2    Financial Analysis

8.7.3    Strategic Positioning

8.7.4    Info Graphic Analysis

8.8      Koninklijke Philips N.V.

8.8.1    Company Overview

8.8.2    Financial Analysis

8.8.3    Strategic Positioning

8.8.4    Info Graphic Analysis

8.9    Honeywell International, Inc.

8.8.1    Company Overview

8.8.2    Financial Analysis

8.8.3    Strategic Positioning

8.8.4    Info Graphic Analysis

8.10     AMC Health

8.10.1    Company Overview

8.10.2    Financial Analysis

8.10.3    Strategic Positioning

8.10.4    Info Graphic Analysis

8.11    Other Companies

8.11.1    Company Overview

8.11.2    Financial Analysis

8.11.3    Strategic Positioning

8.11.4    Info Graphic Analysis

The Global Cardiac Remote Monitoring Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Cardiac Remote Monitoring Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global cardiac remote monitoring market is projected to grow at a CAGR value of 8.5% from 2022 to 2027.
Amgen Inc, Baxter International Inc, C. H. Boehringer Sohn AG & Co KG, Astra Zeneca PLCGilead Sciences Inc, Johnson & Johnson, Merck & Co Inc, Novartis International AG, Pfizer Inc, Sanofi S A, and others are key players in the global cardiac remote monitoring market.
The North American region is estimated to hold the largest share in the global cardiac remote monitoring market.
The COVID-19 outbreak had a positive impact on the cardiac remote monitoring market. As a result of the COVID outbreak, more patients with cardiovascular problems are opting for remote monitoring. This change was made to limit the risk of infection because of frequent hospital and clinic visits.
The major driving forces expected to influence market expansion are the increasing prevalence of cardiac problems worldwide, the rising population of smokers, and people with diabetes being more prone to cardiovascular issues resulting in increased demand for cardiac remote monitoring devices.

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