Wearable Ambulatory Monitoring Devices Market Strategies, and SWOT Analysis 2025

Posted by Vinit on January 15th, 2021

The emergence of various mHealth startups, as well as its subsequent adoption by patients, has demonstrated the comfort of these devices. This can trigger the adoption of wearable ambulatory monitoring devices in large hospitals and fuel market demand. The large geriatric populace, rise in numbers of obese people, and huge strides in diagnostic technologies are projected to fuel the market demand. But concerns of data theft can hamper the growth of the global wearable ambulatory monitoring devices market.

The global wearable ambulatory monitoring devices market report by Market Research Future (MRFR) consists of pertinent trends, drivers, and challenges to be faced by manufacturers for the period of 2019 to 2025 (forecast period).

The global wearable ambulatory monitoring devices market can reach a value of USD 4,990.8 million by 2025. It can exhibit a CAGR of 6.48% over the forecast period. The market is primarily driven by a diagnosis of arrhythmic disorders. The high prevalence of cardiovascular disorders is likely to induce heavy demand in the market due to the large geriatric populace and a patient pool susceptible to heart diseases due to their current lifestyles.

Key Findings of the Study

• The Global Wearable Ambulatory Monitoring Devices Market is estimated to reach USD 4,990.8 Million by 2025 at a CAGR of 6.48% during the assessment period
• The Americas accounted for the largest share of the global wearable ambulatory monitoring devices market due to the increasing incidence rate of cardiovascular diseases
• Based on product type, the cardiac event monitors segment accounted for the largest market share of 6% in 2018

Competition Outlook

Hill-Rom Services Inc., ACS Diagnostics, General Electric Company, ZOLL Medical Corporation, Preventice Solutions, Inc., BioTelemetry, Medicomp Inc., iRhythm Technologies, Inc., Telerhythmics, LLC, and Medtronic PLC are major players of the global wearable ambulatory monitoring devices market. Acquisitions, collaborations, and new product launches are new strategies to sustain their foothold in the market.