Wearable Cardiac Devices Market Size, Share, Trend, Forecast, & Industry Analysis | 2022-28

0
48

May 03, 2023/Industry News Global/ — The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Permanent Magnets Market.

Wearable Cardiac Devices Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Market Insights

The wearable cardiac device market is likely to grow from USD 2.11 billion in 2021 to reach USD 9.27 billion by 2028 at a healthy CAGR of 23.2 % during the forecast period

Request a Sample here: https://www.stratviewresearch.com/Request-Sample/1018/wearable-cardiac-devices-market%20.html#aaform

What is a Wearable cardiac device?

Wearable cardiac devices are medical devices that are worn on the body to calculate, display, and store heart-related statistics in real-time. These devices are in the form of patches, wristwatches, and fitness monitors.

Segment Analysis

By Product Type

The market is segmented as holter monitors, patch, and defibrillators. The patch segment is projected to maintain its dominance over the forecast period owing to features such as high accuracy, automated calculation, and real time data recording.

By Application Type

The market is segmented as home healthcare, remote patient monitoring, and others. The home healthcare segment accounted for the largest share of the market with a CAGR of 25.1% during the forecast period and is expected to maintain its dominance driven by the growing geriatric population coupled with technological advancements in the field of medical devices.

By Region

North America is projected to be the largest market with a share of >58% in 2021. The North American market is expected to grow with a lucrative CAGR over the forecast period owing to well-developed healthcare infrastructure, high adoption of advanced technology, and high healthcare expenditure.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Wearable Cardiac Devices Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

About Stratview Research

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

Contact: Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176