USD 18.8 Billion
Report ID:
SQMIG35B2230 |
Region:
Global |
Published Date: June, 2025
Pages:
193
|Tables:
62
|Figures:
75
Global Cardiac Monitoring and Cardiac Rhythm Management Devices Market size was valued at USD 18.8 billion in 2023 and is poised to grow from USD 19.83 billion in 2024 to USD 32.81 billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).
Growing prevalence of cardiovascular disorders, increase in geriatric population, availability of favorable reimbursement policies, growing awareness regarding lifestyle disorders, and technological advancements are slated to bolster cardiac monitoring and cardiac rhythm management device sales.
Rising global incidence of cardiovascular diseases (CVDs), including arrhythmias, myocardial infarction, and heart failure, is a major driver for cardiac monitoring and rhythm management devices market growth. The surge in senescent population across the world is also slated to favor demand owing to older people being more prone to cardiovascular complications and arrhythmias. The demand for remote and ambulatory cardiac monitoring has surged as healthcare providers seek safer, contactless solutions. Supportive regulatory frameworks and favorable reimbursement policies significantly influence market expansion. Sedentary lifestyles, high stress, smoking, and obesity are contributing to a rise in lifestyle-related cardiac conditions even among younger populations.
On the contrary, high costs of advanced devices and procedures, product recalls, stringent regulatory approvals, and device-related complications are anticipated to inhibit the cardiac monitoring and cardiac rhythm management devices market penetration across the forecast period.
How can AI Change the Future Cardiac Monitoring and Cardiac Rhythm Management Device Adoption?
Artificial Intelligence (AI) and Machine Learning (ML) transform cardiac care by enabling predictive analytics, real-time diagnostics, and automated interpretation of ECGs and rhythm data. Advanced algorithms detect subtle anomalies that might be missed by clinicians, improving early diagnosis and treatment planning. AI is particularly useful in remote monitoring platforms, where it filters large volumes of data and prioritizes alerts for healthcare providers. Startups and major players alike are integrating AI into wearable cardiac monitors, implantable devices, and cloud-based dashboards. This trend enhances accuracy, operational efficiency, and personalized care, and is poised to revolutionize clinical decision-making and patient management.
Market snapshot - 2025-2032
Global Market Size
USD 18.8 Billion
Largest Segment
Hospitals
Fastest Growth
Ambulatory Surgery Centers
Growth Rate
5.5% CAGR
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Global cardiac monitoring and cardiac rhythm management devices market is segmented by cardiac monitoring devices type, cardiac rhythm management devices type, procedure, application, end user, and region. Based on cardiac monitoring devices type, the market is segmented into ECG devices, MCT devices, and com devices. Based on cardiac rhythm management devices type, the market is segmented into defibrillators, cardiac resynchronization therapy (CRT), and pacemakers. Based on procedure, the market is segmented into invasive procedures and non-invasive procedures. Based on application, the market is segmented into arrhythmias, myocardial infarction, heart failure, and other applications. Based on end user, the market is segmented into hospitals, clinics, cardiac centers, ambulatory surgery centers, and other end users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Which Type of Cardiac Rhythm Management Devices are Highly Sought-after?
The defibrillator segment is forecasted to account for a prominent chunk of the global cardiac monitoring and cardiac rhythm management devices market share. Growing incidence of sudden cardiac arrest (SCA) around the world is expected to help boost the sales of defibrillators going forward. Advancements in defibrillator technologies are also expected to cement the dominance of this segment in the future.
Meanwhile, the demand for cardiac resynchronization therapy (CRT) is slated to rise at a notable CAGR in the future. Shorter hospital stays and lower risk of infections offered by CRT solutions is expecte to help boost revenue generation via this segment.
Where are Most Cardiac Monitoring and Cardiac Rhythm Management Devices Utilized?
The hospitals segment is expected to spearhead the global cardiac monitoring and cardiac rhythm management devices market revenue generation potential over the coming years. Large patient inflow and hospitalization of multiple cardiac patients are helping this segment maintain its dominance. High cardiac procedure volumes are also helping bolster the high share of this segment in the long run.
On the other hand, the ambulatory surgery centers segment is expected to rise at an impressive CAGR as per this cardiac monitoring and cardiac rhythm management devices industry analysis. Availability of cost-effective and efficient surgical procedures in ambulatory surgery centers is helping generate new business scope via this segment.
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Why is North America a Top Region for Cardiac Monitoring and Cardiac Rhythm Management Devices Suppliers?
High healthcare spending, growing cardiovascular disease burden, and early adoption of cutting-edge cardiac technologies are cementing this region’s dominance on a global level. Availability of favorable reimbursement and growing emphasis on improving cardiovascular health of people are also boosting the adoption of cardiac monitoring and cardiac rhythm management devices in North America. High awareness, well-established diagnostic pathways, and large investments in telehealth are further creating new opportunities.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market in United States
Quick adoption of advanced cardiac technologies and high cardiovascular disease prevalence are driving the sales of cardiac monitoring and cardiac rhythm management devices in the United States. Presence of leading cardiac device manufacturers such as Medtronic, Abbott, and Boston Scientific is also helping this country hold sway in the North American region. Government initiatives supporting remote monitoring and value-based care drive innovation. The presence of a tech-savvy population, high healthcare expenditure, and robust clinical trial landscape are helping cement the country’s dominance in terms of cardiac monitoring and cardiac rhythm management devices demand.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market in Canada
The surge in prevalence of cardiac disorders and access to cardiac surgeries via a publicly funded healthcare system are driving sales of cardiac monitoring and cardiac rhythm management devices in the country. The Canadian Heart and Stroke Foundation actively promotes early diagnosis and monitoring, which helps improve awareness. However, slower adoption of implantable technologies due to cost and centralized procurement processes remains a challenge. Government’s digital health strategies and investments in virtual care platforms are expected to create new opportunities in Canada going forward.
Will Cardiac Monitoring and Cardiac Rhythm Management Device Demand be High in Asia Pacific?
The presence of a massive population base, increasing incidence of heart disease, and investments in healthcare infrastructure development make Asia Pacific the fastest growing regional market in the world. Cardiac monitoring and cardiac rhythm management devices sales are slated to be prominently driven by growing cardiac health awareness, high incidence of lifestyle-related disorders, and expanding geriatric population. Government initiatives for universal health coverage and medical tourism are also slated to boost revenue for market players.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market in Japan
High prevalence of atrial fibrillation and heart failure backed by a rapidly expanding geriatric population drives cardiac monitoring and cardiac rhythm management devices demand in Japan. The country’s advanced medical technology ecosystem, backed by government support for digital health innovation, enables early adoption of AI-based cardiac diagnostics and compact implantable devices. Wearable and remote monitoring cardiac devices are highly preferred among Japanese. Local companies and multinationals collaborate on R&D, ensuring high-quality, personalized cardiac care solutions across urban and rural settings.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market in South Korea
Rapid increase in cardiovascular disease incidence across the country is primarily augmenting the demand for cardiac monitoring and cardiac rhythm management devices. High smartphone and internet penetration enable widespread use of remote cardiac monitoring apps and devices. Availability of streamlined approval pathways for digital health solutions by the Korean FDA also benefits market players. Despite challenges in device affordability, strong private sector involvement and health-tech partnerships are accelerating cardiac monitoring and cardiac rhythm management devices sales.
How Will Demand for Cardiac Monitoring and Cardiac Rhythm Management Devices Fare in Europe?
The presence of a well-structured public healthcare system and favorable reimbursement environments help make Europe an attractive market for cardiac monitoring and cardiac rhythm management devices providers. Rising telemedicine penetration, expanding senescent population, and coordinated chronic care models also create new business scope for market players. Emphasis on value-based care and quick adoption of digital health solutions are also expanding the business potential of cardiac monitoring and cardiac rhythm management devices companies.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market in United Kingdom
The NHS (National Health Service) plays a crucial role in national-scale deployment of cardiac monitoring and rhythm management devices. Government initiatives promoting early detection and long-term rhythm monitoring help boost sales in the United Kingdom. The NHS Long Term Plan includes funding for digital health and remote monitoring, encouraging the use of wearable ECGs and mobile telemetry. Adoption of AI-enhanced cardiac diagnostics and global partnerships make this country a key market in Europe.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market in Germany
Presence of a well-funded healthcare system and aging population make Germany a top market for cardiac monitoring and cardiac rhythm management devices sales in Europe. High emphasis on early diagnosis and chronic disease management is promoting the adoption of ECG monitors, Holter devices, and implantable defibrillators. Availability of favorable reimbursement structures for pacemakers and wearable monitors also benefits market development.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market in France
Strong public health programs and government funding for chronic disease management are driving demand for cardiac monitoring and cardiac rhythm management devices in the country. France’s adoption of telecardiology and remote ECG monitoring is rising, especially in post-operative care thus, creating new opportunities. Partnerships between tech startups, hospitals, and public health agencies are also playing a vital role in promoting the adoption of cardiac monitoring and cardiac rhythm management devices in France through 2032.
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Cardiac Monitoring and Cardiac Rhythm Management Devices Market Drivers
Rapid Expansion of Geriatric Population Around the World
Advancements in Cardiac Device Technologies
Cardiac Monitoring and Cardiac Rhythm Management Devices Market Restraints
Device-related Complications and Product Recalls
Stringent Regulatory Approvals
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Cardiac monitoring and cardiac rhythm management device providers should focus on developing minimally invasive devices to boost their sales. Integration of advanced technologies such as artificial intelligence is slated to be essential for companies to improve their business scope as per this cardiac monitoring and cardiac rhythm management devices market analysis.
Innovation remains the top priority for all cardiac monitoring and cardiac rhythm management device startups to stay competitive. Here are some startups that are estimated to change the trajectory of the cardiac monitoring and cardiac rhythm management device industry in the long run.
Top Player’s Company Profiles
Recent Developments in Cardiac Monitoring and Cardiac Rhythm Management Devices Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing prevalence of cardiovascular disorders and rapidly aging population are slated to primarily drive the demand for cardiac monitoring and cardiac rhythm management devices going forward. However, high costs of advanced devices and lack of skilled ophthalmic professionals are expected to slow down the demand for cardiac monitoring and cardiac rhythm management devices in the future. North America is forecasted to spearhead cardiac monitoring and cardiac rhythm management device demand owing to high healthcare spending and high incidence of cardiac disorders. Development of wearable cardiac devices and integration of home-based and remote monitoring features are key trends driving the cardiac monitoring and cardiac rhythm management devices sector across the study period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 18.8 billion |
Market size value in 2032 | USD 32.81 billion |
Growth Rate | 5.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Cardiac Monitoring and Cardiac Rhythm Management Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cardiac Monitoring and Cardiac Rhythm Management Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cardiac Monitoring and Cardiac Rhythm Management Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Global Cardiac Monitoring and Cardiac Rhythm Management Devices Market size was valued at USD 18.8 billion in 2023 and is poised to grow from USD 19.83 billion in 2024 to USD 32.81 billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).
Cardiac monitoring and cardiac rhythm management device providers should focus on developing minimally invasive devices to boost their sales. Integration of advanced technologies such as artificial intelligence is slated to be essential for companies to improve their business scope as per this cardiac monitoring and cardiac rhythm management devices market analysis. 'Biotronik SE & Co. KG ', 'Medtronic ', 'Boston Scientific ', 'Abbott Laboratories ', 'GE Healthcare ', 'Philips Healthcare ', 'Nihon Kohden ', 'Schiller ', 'Edwards Lifesciences ', 'Spacelabs Healthcare ', 'OSI Systems ', 'Mindray Medical ', 'Fukuda Denshi ', 'Innomed Medical ', 'Biotronik ', 'Progetti Srl ', 'Zoll Medical Corporation ', 'LivaNova Plc ', 'Osypka AG ', 'Alivecor Inc.'
Growing life expectancy in multiple parts of the world has significantly increased the number of senior citizens. Elderly patients require continuous heart monitoring, pacemakers, and defibrillators to manage age-related cardiac dysfunctions. The aging population also places significant pressure on healthcare systems, leading to greater investment in remote monitoring solutions and wearable technologies that offer real-time alerts and improved outcomes with minimal clinical intervention.
High Demand for Wearable Cardiac Devices: Cardiac monitoring and cardiac rhythm management device companies are estimated to focus on the development of wearable cardiac monitors. Consumers and patients increasingly prefer non-invasive, real-time heart health tracking integrated into daily life. Ease of use, affordability, and continuous data collection features of wearable cardiac devices are making this an indispensable cardiac monitoring and cardiac rhythm management devices market trend for the future.
Why is North America a Top Region for Cardiac Monitoring and Cardiac Rhythm Management Devices Suppliers?
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Report ID: SQMIG35B2230
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