DUBLIN--(BUSINESS WIRE )--The "Cardiac Monitoring Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Product Type, Application and End User" report has been added to ResearchAndMarkets.com's offering.

Cardiovascular Devices Segment to Lead Cardiac Monitoring Devices Market During 2021-2028

Market is expected to grow from US$ 10,523.79 million in 2021 to US$ 16,431.31 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028.

A cardiac event monitor is a device used to record the heart's electrical activity (ECG). It keeps track of the heartbeat and rhythm. When there is a need for long-term monitoring of symptoms that don't happen every day, cardiac event monitors are employed. Important heart health data can be tracked, recorded, and sent to the doctor using a cardiac monitoring gadget, which reduces the need for frequent visits to the doctor's office, allowing the care team to monitor heart health from a distance.

The increase in the incidence of cardiovascular diseases, rise in the surge in geriatric population base, and rise in the number of product launches and approvals propel the cardiac monitoring devices market growth. However, the risk of associated cybersecurity vulnerabilities challenges limits the market growth.

Based on type, the cardiac monitoring devices market is segmented into cardiovascular devices, patient monitoring devices, multi-parameter ECG monitors, cardiac monitors, ambulatory cardiac monitoring, and others. The cardiovascular devices segment held the largest market share in 2021.

However, the patient monitoring devices segment is anticipated to register the highest CAGR during the forecast period. According to the American Heart Association, almost half of the adult population in the US have a type of CVD. Furthermore, more than 130 million people of the US population are expected to have a type of CVD by 2035.

Additionally, according to the Centers for Diseases Control and Prevention, about 655,000 Americans die from heart disease every year. To prevent death due to CVDs, a cardiovascular device used in the cardiac care department is available in general hospitals.

A variety of cardiac care equipment used in cardiovascular intensive care (CICU), includes cardiac monitors, stress test systems, EKG (Electrocardiogram) equipment, heart-lung bypass machines, intra-aortic balloon pumps, automated external defibrillators (AEDs), infusion pumps, and defibrillators.

The report segments the cardiac monitoring devices market as follows:

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900