Growing Demand For Remote Patient Monitoring to Drive Global Industry Growth

Global wireless cardiac monitoring systems market is anticipated to grow at a CAGR of 12.1% during the forecast period (2024-2031). The global market is driven by the growing need for remote patient monitoring (RPM) to manage chronic diseases. RPM is also crucial in detecting potential complications to apply on-time medication to the patient. The benefit of RPM applications in reducing healthcare costs, minimizing hospital readmissions, and improving patient outcomes is further promoting the global wireless cardiac monitoring system. Additionally, wireless cardiac monitoring systems play a crucial role in clinical trials and research, providing continuous and accurate data for the development of new treatments and therapies for cardiovascular diseases.

Browse the full report description of “Wireless Cardiac Monitoring Systems Market Size, Share & Trends Analysis Report by Type (Implantable Cardiac Monitors (ICM), Patch-Type Monitor, Mobile Cardiac Telemetry System, and Others), and by End-User (Hospitals & Clinics, Home Healthcare, Diagnostic Centers, Ambulatory Surgical Centers (ASCs), and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/wireless-cardiac-monitoring-systems-market

Recent Market Developments

• In January 2023, UltraLinQ launched a new cardiac monitoring product at Arab Health, featuring a wireless Holter Service powered by LifeSignals. This system allows continuous monitoring of cardiac arrhythmias without wires, allowing patients to exercise, sleep, and shower as usual.

• In April 2023, Michigan Medicine launched a mobile monitoring system to enhance inpatient care. The system, supported by the Sickbay Clinical Platform, allows care teams to access real-time waveform data and trend data, reducing manual workload and improving clinical coordination. It additionally allows for patient trend review, early deterioration detection, and task execution improvements.

• In August 2022, SmartCardia launched the 7L patch, a 7-lead Cardiac Monitoring Patch in India. This innovative device uses artificial intelligence (AI) to provide personalized patient insights through remote monitoring. The patch measures various parameters, including ECG, heart rate, pulse rate, respiration rate, oxygen saturation, skin temperature, activity, and posture, providing a unified solution to replace traditional cardiac monitoring systems.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape -Abbott Laboratories, GE HealthCare Technologies Inc., Medtronic, Plc, Koninklijke Philips N.V., and OMRON Healthcare, Inc. among others. 

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Wireless Cardiac Monitoring Systems Market Report Segment

By Type

• Implantable Cardiac Monitors (ICM)
• Patch-Type Monitor
• Mobile Cardiac Telemetry System
• Others (Wearable Devices, Diagnostic and Imaging Equipment

By End-User

• Hospitals & Clinics
• Home Healthcare
• Diagnostic Centers 
• Ambulatory Surgical Centers (ASCs)
• Others (Academic and Research Institutes, Fitness and Sports Centers)

Global Wireless Cardiac Monitoring Systems Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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