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Wearable Heart Monitoring Devices Market Size is valued at USD 3.0 Bn in 2024 and is predicted to reach USD 24.7 Bn by the year 2034 at a 23.4% CAGR during the forecast period for 2025-2034.
Wearable heart monitoring technologies possess significant utility for persons seeking to monitor their cardiovascular well-being, enhance their physical fitness, and adopt a more engaged way of life. These devices offer valuable information regarding heart rate patterns, levels of physical activity, and sleep habits, empowering individuals to make well-informed choices regarding their overall health and wellness.
The increased prevalence of heart failure, expanding awareness of wearables-based cardiac monitoring, and technological developments in wearable devices are all driving market expansion. According to the CDC update issued in October 2022, coronary heart disease is the most frequent type of heart disease, with around 20.1 Bn persons aged 20 and older suffering from coronary artery disease (roughly 7.2%). As a result, the high prevalence of coronary artery disease is propelling market expansion.
Furthermore, more than 100,000 Canadians are diagnosed with heart failure yearly, according to the 2022 Spotlight on Heart Failure report. According to the same report, heart failure will cost Canada more than USD 2.8 billion annually. As a result of the rising number of cases of heart failure and rising healthcare costs, heart monitoring devices based on wearable technology are required to cut costs and improve heart monitoring.
The Wearable Heart Monitoring Devices market has been segmented based on Product, Application and End-User. The Product segment comprises Chest Straps & Patches, Pulse Oximeters, Blood Pressure Monitors, Smartwatches, Others (Wrist Monitors, ECG Finger Sensors, etc.), Whereas the Application segment includes Healthcare Monitoring, Consumer Wellness, Others (Research, etc.). At last, By End-user, the market is divided into Hospitals, Specialty Centers, Academic & Research Institutes, Home Use, and Others (Ambulatory Service Centers, Nursing Homes, etc.).
This segment is likewise expected to grow at the fastest rate over the projection period. Factors such as technological breakthroughs in wearables, and a greater emphasis on allowing public access are all contributing factors.
Wearable cardiac monitoring devices provide remote patient monitoring, allowing healthcare providers to track patients' heart health in real-time and therefore driving market growth. As a result, the increase in patient compliance is predicted to drive the wearable heart monitoring devices market size in the coming years.
North America is expected to account for a sizable portion of the market for wearable heart monitoring devices. This is because of reasons such as increased CVD rates and the existence of significant market competitors and their strategic activities. According to the CARES 2021 annual report, 62.5% of males in the United States had Out-Of-Hospital Cardiac Arrest (OHCA). According to the same source, 97.6% of adults and 2.4% of children in the United States will have OHCA by 2021. As the frequency of cardiac issues rises, so will the need for wearable heart monitoring devices, driving market expansion throughout the forecast period.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 3.0 Bn |
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Revenue forecast in 2034 |
USD 24.7 Bn |
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Growth rate CAGR |
CAGR of 23.4% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
By Product, Application, End-User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
Zoll Medical Corporation, Cardiac Rhythm, iRhythm Technologies Inc., Proteus Digital Health, Custo Med GmbH, Nuubo, Medtronic plc, Koninklijke Philips N.V. (BioTelemetry, Inc.), Boston Scientific (Preventice Solutions, Inc.), Baxter, Braemar Manufacturing, LLC, Cardiac Science Corporation, Nihon Kohden Corporation, General Electric Company, Schiller, Abiomed, Biotronik, Inc. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Wearable Heart Monitoring Devices Market Snapshot
Chapter 4. Global Wearable Heart Monitoring Devices Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Product Estimates & Trend Analysis
5.1. By Product, & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Product:
5.2.1. Chest Straps & Patches
5.2.2. Pulse Oximeters
5.2.3. Blood Pressure Monitors
5.2.4. Smartwatches
5.2.5. Others (Wrist Monitors, ECG Finger Sensors, etc.)
Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:
6.2.1. Healthcare Monitoring
6.2.2. Consumer Wellness
6.2.3. Others (Research, etc.)
Chapter 7. Market Segmentation 3: By End User Estimates & Trend Analysis
7.1. By End User & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End User:
7.2.1. Hospitals
7.2.2. Specialty Centers
7.2.3. Academic & Research Institutes
7.2.4. Home Use
7.2.5. Others (Ambulatory Service Centers, Nursing Homes, etc.)
Chapter 8. Wearable Heart Monitoring Devices Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Wearable Heart Monitoring Devices Market revenue (US$ Million) estimates and forecasts By Product, 2021-2034
8.1.2. North America Wearable Heart Monitoring Devices Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
8.1.3. North America Wearable Heart Monitoring Devices Market revenue (US$ Million) estimates and forecasts By End User, 2021-2034
8.1.4. North America Wearable Heart Monitoring Devices Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Wearable Heart Monitoring Devices Market revenue (US$ Million) By Product, 2021-2034
8.2.2. Europe Wearable Heart Monitoring Devices Market revenue (US$ Million) By Application, 2021-2034
8.2.3. Europe Wearable Heart Monitoring Devices Market revenue (US$ Million) By End User, 2021-2034
8.2.4. Europe Wearable Heart Monitoring Devices Market revenue (US$ Million) by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Wearable Heart Monitoring Devices Market revenue (US$ Million) By Product, 2021-2034
8.3.2. Asia Pacific Wearable Heart Monitoring Devices Market revenue (US$ Million) By Application, 2021-2034
8.3.3. Asia Pacific Wearable Heart Monitoring Devices Market revenue (US$ Million) By End User, 2021-2034
8.3.4. Asia Pacific Wearable Heart Monitoring Devices Market revenue (US$ Million) by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Wearable Heart Monitoring Devices Market revenue (US$ Million) By Product, (US$ Million) 2021-2034
8.4.2. Latin America Wearable Heart Monitoring Devices Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
8.4.3. Latin America Wearable Heart Monitoring Devices Market revenue (US$ Million) By End User, (US$ Million) 2021-2034
8.4.4. Latin America Wearable Heart Monitoring Devices Market revenue (US$ Million) by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Wearable Heart Monitoring Devices Market revenue (US$ Million) By Product, (US$ Million) 2021-2034
8.5.2. Middle East & Africa Wearable Heart Monitoring Devices Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
8.5.3. Middle East & Africa Wearable Heart Monitoring Devices Market revenue (US$ Million) By End User, (US$ Million) 2021-2034
8.5.4. Middle East & Africa Wearable Heart Monitoring Devices Market revenue (US$ Million) by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Zoll Medical Corporation
9.2.2. Cardiac Rhythm
9.2.3. iRhythm Technologies Inc.
9.2.4. Proteus Digital Health
9.2.5. Custo Med GmbH
9.2.6. Nuubo
9.2.7. Medtronic plc
9.2.8. Koninklijke Philips N.V. (BioTelemetry, Inc.)
9.2.9. Boston Scientific (Preventice Solutions, Inc.)
9.2.10. Baxter
9.2.11. Braemar Manufacturing, LLC,
9.2.12. Cardiac Science Corporation,
9.2.13. Nihon Kohden Corporation,
9.2.14. General Electric Company,
9.2.15. Schiller,
9.2.16. Abiomed,
9.2.17. Biotronik, Inc.
9.2.18. Other Prominent Players.
Wearable Heart Monitoring Devices Market By Product
Wearable Heart Monitoring Devices Market By Application
Wearable Heart Monitoring Devices Market By End-user
Wearable Heart Monitoring Devices Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.4456
