Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size, Share, Growth Analysis, By Product(cardiac monitoring and cardiac rhythm management devices and services), By End use(hospitals, ambulatory centers, home healthcare, and others), By Region - Industry Forecast 2024-2031

Cardiac Monitoring and Cardiac Rhythm Management Devices Market size was valued at USD 17.82 billion in 2019 and is poised to grow from USD 18.8 billion in 2023 to USD 31.1 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).

The cardiac rhythm management device helps patients with irregular heart rates and rhythm disorders maintain a normal cardiac rhythm, while the cardiac monitoring equipment assists in the observation of the patient's cardiac activity. Among the most common conditions treated with these devices are heart failure, atrial flutter, atrial fibrillation, an indication of a recent heart attack, a lack of oxygen delivery to cardiac muscle, and some genetic defects. The market's expansion can be attributed to a variety of factors, including an increase in the number of unmet medical needs in both developed and developing nations, a shift in lifestyles, technological advancements in cardiac devices, increased awareness of cardiac disorders, healthcare programs, and technological advancements in cardiac devices. However, new MRI-labeled devices and the expansion of the Asia-Pacific economy are anticipated to propel the cardiac monitoring device market during the forecast period.

Important risk factors for the Cardiac Monitoring and Cardiac Rhythm Management Device Market include age, ethnicity, and family history. Risk factors include smoking, high cholesterol, high blood pressure (hypertension), obesity, inactivity, diabetes, poor diet, and alcohol consumption. As a result of lifestyle changes, diseases like hypertension, diabetes, dyslipidemia, and obesity have become more common. This has led to an increase in the use of cardiac monitoring and cardiac rhythm management devices all over the world.

US Cardiac Monitoring and Cardiac Rhythm Management Devices Market is poised to grow at a sustainable CAGR for the next forecast year.