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Wearable Cardiac Devices Market to cross USD 6.2 Bn by 2026: Global Market Insights, Inc.

The wearable cardiac devices market from defibrillators device segment is projected to expand at over 22% CAGR during 2020 to 2026 as these devices assist patients at high risk of heart attack with timely measures even in absence of cardiologist.

Selbyville, Delaware, June 08, 2020 (GLOBE NEWSWIRE) --

Global Market Insights, Inc. has recently added a new report on wearable cardiac devices market which estimates the global market valuation for wearable cardiac devices will cross US$ 6.2 billion by 2026. Growing demand for non-invasive devices will augment global wearable cardiac devices market growth in the foreseeable future.

Recent wearable devices in the form of skin patches are small, light-weight, and non-invasive. The patient does not need to go through painful implantation procedures for continuous recording of cardiac parameters. As a result of non-invasive and user-friendly nature of such wearable technology, the devices are gaining high recognition as well as demand in the recent years and will continue to spur in future.

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Defibrillators market is projected to proceed at more than 22% CAGR during the forecast years. According to the World Health Organization, about four of the five cardiovascular deaths are due to strokes or heart attacks. Devices including Zoll LifeVest Wearable Defibrillator continuously monitors the heart rhythm of the patient prone to heart attack and delivers shock in case the patient does not respond after several warnings. Such devices assist patients at high risk of heart attack with timely measures even in absence of cardiologist, thus providing immense potential for segment growth.

Home healthcare segment held over 25% revenue share in 2019. High convenience, easy handling and effective monitoring at home are some of the foremost advantages driving the adoption of wearable cardiac devices in home healthcare. Furthermore, increasing disposable income and lesser visits to healthcare settings further add up to the benefits, thereby surging customer preference for these devices.

North America wearable cardiac devices market constituted more than 60% market share in 2019 and expected to grow at momentous rate in future. Launch of innovative devices driven by growing number of new entrants and changing digital health industry in the U.S. will primarily boost the market growth. Moreover, significant awareness levels pertaining to wearable technology will further influence the business expansion in the region.

Browse key industry insights spread across 100 pages with 130 market data tables & 16 figures & charts from the report, “Wearable Cardiac Devices Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/wearable-cardiac-devices-market

Some major findings of the wearable cardiac devices market report include:

  • Increasing prevalence of cardiovascular diseases requiring long-term and continuous monitoring of cardiac health indicators will drive the product demand.

  • Advances in wearable cardiac devices including miniaturization, leading to affordable devices will stimulate adoption rate.

  • Increasing demand for remote patient monitoring devices and home healthcare devices will positively impact market size.

  • Major players operating in the Zoll Medical Corporation, iRhythm Technologies, BioTelemetry, Philips, Welch Allyn among other players.

Industry players operating in wearable cardiac devices are implementing various strategies such as product innovations, launch, mergers and acquisition to encash maximum profits and establish brand name. For instance, in March 2019, BioTelemetry Inc., acquired Geneva Healthcare allowing physicians to remotely monitor patient’s data through Geneva’s cardiac devices. This acquisition strengthened the BioTelemetry’s cardiac monitoring portfolio, thereby positively impacting the company’s sales.

Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/wearable-cardiac-devices-market

Partial chapters of report table of contents (TOC):

Chapter 2. Executive Summary

2.1. Wearable cardiac devices industry360° synopsis, 2015 – 2026

2.1.1.    Business trends

2.1.2.    Product trends

2.1.3.    Application trends

2.1.4.    Regional trends

Chapter 3. Wearable Cardiac Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.    Growth drivers

3.3.1.1.    Increasing number of patients suffering from cardiovascular diseases

3.3.1.2.    Growing preference of minimally invasive devices

3.3.1.3.    Rapid technological advancements

3.3.2.    Industry pitfalls and challenges

3.3.2.1.    Stringent regulatory policies

3.3.2.2.    Data privacy issues

3.4. Growth potential analysis

3.4.1.    By product

3.4.2.    By application

3.5. COVID-19 impact analysis

3.6. Technology landscape

3.7. Regulatory landscape

3.8. Porter’s analysis

3.9. Competitive landscape, 2019

3.9.1.    Company matrix analysis

3.9.2.    Product matrix analysis, 2019

3.10.    PESTEL analysis

Browse related report:
Wearable Medical Devices Market Size By Device (Activity/Fitness Monitors, Blood Glucose Monitors, Cardiac Monitors, Neurological Monitors, Respiratory Monitors, Body & Temperature Monitors, Hearing Aids), By Application (Cardiac Health, Obesity Control, Diabetes Care, Fitness Monitoring, Sleep Tracking), By End-Use (Home Healthcare, Remote Patient Monitoring, Fitness and Sports), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

https://www.gminsights.com/industry-analysis/wearable-medical-devices-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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