Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market Size (2024 - 2029)

The Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market is projected to experience significant growth over the forecast period, driven by the increasing need for continuous cardiac monitoring, particularly through remote patient monitoring methods like telecardiology. The aging population in countries such as Japan, which is more susceptible to chronic cardiovascular conditions, is a key factor contributing to the expansion of this market. Additionally, the rising prevalence of heart diseases in the region is prompting healthcare providers to adopt advanced telehealth services, further propelling the demand for cardiac arrhythmia monitoring devices.

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Market Size of Asia-Pacific Cardiac Arrhythmia Monitoring Devices Industry

Market Snapshot1
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 1.80 Billion
Market Size (2029) USD 2.67 Billion
CAGR (2024 - 2029) 8.22 %

Major Players

Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Cardiac Arrhythmia Monitoring Devices Market Analysis

The Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market size is estimated at USD 1.8 billion in 2024, and is expected to reach USD 2.67 billion by 2029, growing at a CAGR of 8.22% during the forecast period (2024-2029).

In most of the cardiac disorders, continuous cardiac monitoring is required. Although cardiac arrhythmia cannot be cured completely, the best possible way to continuously monitor the patients suffering from cardiac arrhythmia is through remote patient monitoring, by using the cardiac arrhythmia monitoring devices, which is referred to as telecardiology.

Japan has the world's fastest ageing population. According to the World Ageing 2019 report, estimates the number of the population who are above 65 years of age in Japan was 35.524 million (28%) in 2019 which is projected to reach 37.278 million (30.9%) in 2030. As the number of geriatric population is expected to increase in the coming years who are more prone to chronic diseases such as cardiovascular diseases which ultimately rises the growth of the market as this group population need monitoring of the heart which ultimately increases the use of monitoring devices in near future.

The rising incidence of heart diseases in Asia-Pacific is also influencing the healthcare service providers to implement advanced telehealth services. Hence, the increasing usage of telecardiology is expected to drive the market studied in the future.

APAC Cardiac Arrhythmia Monitoring Devices Industry Segmentation

As per the scope of the report, Cardiac arrhythmia monitoring devices are used for monitoring the patients at risk or with heart arrhythmia. These devices detect and alarm the heartbeats that are irregular being either too slow or too fast. The Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market is segmented by devices, service provider, and geography.

By Device
Event Monitoring Devices
Continuous Rhythm Monitoring Devices
Holter Monitoring Devices
Other Devices
By Service Provider
Mobile Cardiac Telemetry Monitoring Service Providers
Independent Diagnostic Testing Facilities/Clinics
Geography
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
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Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market Size Summary

The Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market is poised for significant growth, driven by the increasing prevalence of cardiovascular diseases and the need for continuous cardiac monitoring. As the region experiences a rise in its geriatric population, particularly in countries like Japan, the demand for advanced monitoring solutions such as telecardiology is expected to surge. This trend is further supported by the growing incidence of heart diseases, which is prompting healthcare providers to adopt sophisticated telehealth services. Holter monitoring devices are leading the market due to their ability to provide extended and convenient monitoring, enhancing patient compliance and treatment outcomes. The market is characterized by rapid technological advancements, which are continuously propelling the development and adoption of cardiac arrhythmia monitoring devices.

The competitive landscape of the Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market is consolidated, with a few major players dominating the scene. Companies such as Abbott Laboratories Inc, Biotronik, Medtronic PLC, GE Healthcare, and Koninklijke Philips NV have established strong positions through substantial research funding and effective distribution networks. However, the market is also witnessing the emergence of smaller players, driven by increased awareness and demand for monitoring devices. This dynamic is contributing to the overall growth of the market, as the prevalence of cardiac arrhythmia is expected to rise, further boosting the demand for Holter monitoring devices and other advanced monitoring solutions in the coming years.

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Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Use of Telecardiology

      2. 1.2.2 Development of Smart Cardiac Monitors

      3. 1.2.3 Ease of Use and Portability of Cardiac Arrhythmia Monitoring Devices

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Remote Cardiac Arrhythmia Monitoring

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Device

      1. 2.1.1 Event Monitoring Devices

      2. 2.1.2 Continuous Rhythm Monitoring Devices

      3. 2.1.3 Holter Monitoring Devices

      4. 2.1.4 Other Devices

    2. 2.2 By Service Provider

      1. 2.2.1 Mobile Cardiac Telemetry Monitoring Service Providers

      2. 2.2.2 Independent Diagnostic Testing Facilities/Clinics

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 Japan

        3. 2.3.1.3 India

        4. 2.3.1.4 Australia

        5. 2.3.1.5 South Korea

        6. 2.3.1.6 Rest of Asia-Pacific

Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market Size FAQs

The Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market size is expected to reach USD 1.80 billion in 2024 and grow at a CAGR of 8.22% to reach USD 2.67 billion by 2029.

In 2024, the Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market size is expected to reach USD 1.80 billion.

Asia-Pacific Cardiac Arrhythmia Monitoring Devices Report Snapshots

Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)