The Worldwide Wearable Heart Monitoring Devices Market report examines in detail the impact of the key drivers and restraints and the major trends that govern consumer choices of the past and the future on market’s overall development over the report’s forecast period. The research publication also examines the costing of key products available in the Global heart rate monitoring device sales market report 2016 market with respect to the profit gained by producers, as well as the regulations affecting it.
The World Wearable Heart Monitoring Devices Market is growing at a healthy rate. The major players in this market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe), and others.
The Global Wearable Heart Monitoring Devices Market is expected to grow at an approximate CAGR of 9.86% during the forecast period.
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Digital revolution and the rapid development of the information technology has transformed virtually every industry and healthcare industry is no exception. Recently, novel devices for wireless monitoring have emerged and begun to be integrated with cardiac patient care. This has led to the development of wearable heart monitoring devices market. By set-up, a majority of the wearable heart monitoring devices consists of wearable monitoring device and a portable data transmission device which transmits real time medical data for analysis. According to the National Health Service in 2015, an average American is constantly connected via high bandwidth to a vast network of data and sophisticated digital platforms with over 90% of American adults owning a cell phone and 55% having smart phones. Such exploitation of the technology has facilitated the development of mobile phones based wearable heart monitoring devices. Cardiac conditions such as atrial fibrillation (AFib) requires extensive and continuous monitoring. Conventionally, Holter monitoring is exploited for the same.
But since the technology is expensive and risks of missing arrhythmias are associated, a number of new and effective technologies for wireless monitoring are devised which has facilitated the market growth. According to the Centres for Disease Control and Prevention in 2017, 2.7-6.1 million people in the United States have AFib. Moreover, it is reported that more than 750,000 hospitalizations occur each year in the U.S. because of AFib, accounting to the estimated medical cost for people who have AFib to be about USD 8,705 per person. Such trends in the prevalence of AFib along with high per capita healthcare expenditures in the developed countries and growing geriatric population is estimated to boost the market growth during the forecasted period. However, lack of awareness for the products, low healthcare expenditures in the developing countries and stringent FDA approvals will restrain the market growth during the forecasted period.
The Global Wearable Heart Monitoring devices is segmented on the basis of products, type, application, and end users.
On the basis of products, the market is segmented as electric pulse based, optical technology based, and others. The electric pulse based segment is sub-segmented into chest straps, chest patches and others. The optical technology based segment, by product, is further segmented into smart watches, earphones, and others. On the basis of type, the market is categorized into chargeable, non-chargeable, Bluetooth enabled, and others. On the basis of application, the market is segmented into healthcare, consumer market, and others. On the basis of end users, the market is segmented into hospitals, retail pharmacies, academic institutes and others.
Major TOC Wearable Heart Monitoring Devices Market:
1 Report Prologue
2 Market Introduction
2.1 Scope of Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.4 Market Structure
3 Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
4.1.1 Development of minimal invasive surgical procedures
4.1.2 Rise in risk factors
4.1.3 Advancements in surgical procedures
4.2.1 Pain and complications during surgery
4.2.2 Asymptomatic nature of gallstones
4.2.3 Excellent effectiveness and comparative cost effectiveness of surgery
4.3.1 Research and development
4.4.1 High cost of cholecystectomy and robotic laparoscopy surgery
4.4.2 Stringent regulations and regulatory uncertainties in the US
4.4.3 Low public healthcare expenditure in developing regions
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