Report ID: UCMIG35G2053
Report ID:
UCMIG35G2053 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global ambulatory arrhythmia monitoring devices market had a size of USD 4.59 billion in 2020 and is estimated to increase from USD 5.19 billion in 2021 to USD 8.01 billion in 2028, with a Compound Annual Growth Rate (CAGR) of 6.4% during the 2021-2028 period. The COVID-19 pandemic had an unprecedented and significant negative impact on the demand for ambulatory arrhythmia monitoring devices globally, leading to lower demand in all regions. Our analysis revealed that the global market experienced a huge decline of -10.8% in 2020 compared to the average annual growth during 2017-2019. However, the sudden increase in CAGR is due to the anticipated growth and demand in the market, which is expected to return to pre-pandemic levels after the pandemic subsides.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Technology by segment aggregation, the contribution of the Health Care Technology in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35G2053