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Globe and Mail
11 hours ago
- Business
- Globe and Mail
Cardiac Event Monitor Market Set to Reach USD 7.39 Bn by 2032 with 5.9% CAGR
The market trend for the cardiac event monitor market is driven by several factors, including the increasing prevalence of cardiovascular diseases, the growing geriatric population, and the rising adoption of remote monitoring technologies. Additionally, the development of advanced and user-friendly cardiac event monitors, coupled with the increasing demand for home-based healthcare solutions, is expected to further fuel market growth during the forecast period. Cardiac Event Monitor Market Insights The Cardiac Event Monitor market is witnessing robust business growth driven by rising cardiovascular disease prevalence and digital health integration. Advanced monitoring solutions are reshaping industry size and fueling market analysis for stakeholders seeking deeper market insights. This outlook aligns with the market forecast through 2032 and reflects evolving market dynamics. The Global Cardiac Event Monitor market size is estimated to be valued at USD 4.95 Bn in 2025 and is expected to reach USD 7.39 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% from 2025 to 2032. This market report highlights the expansion of external and implantable monitoring devices, underpinned by rising arrhythmia detection demand. Recent market research indicates that 2024 shipments surpassed 1.3 million units globally, underpinning revenue growth across North America and Europe. The Cardiac Event Monitor market report offers detailed market segments, market drivers, and market restraints for strategic planning. Market Key Takeaways Regions: • North America: Strong reimbursement frameworks driving early adoption of advanced monitors. • Latin America: Growing investments in telehealth infrastructure boosting device penetration. • Europe: Government initiatives for cardiac care expansion fueling demand. • Asia Pacific: Rapid urbanization and rising healthcare expenditure accelerating uptake. • Middle East: Infrastructure upgrades in GCC countries supporting remote monitoring. • Africa: Pilot programs and NGO funding enhancing diagnostic access. Segments: • Device Type – External Loop Recorders, Implantable Loop Recorders (e.g., long-term arrhythmia use cases). • End User – Hospitals & Clinics, Ambulatory Care Centers (use case: continuous outpatient monitoring). • Application – Arrhythmia Detection, Syncope Management (example: post-stroke cardiac surveillance). Growth Factors • Cardiovascular Disease Surge: In 2024, global arrhythmia diagnoses rose by 7.2%, driving market growth. • Telehealth Reimbursement Expansion: U.S. reimbursement policies now cover up to 85% of remote monitoring costs, up from 60% in 2023. • Aging Population: By 2025, adults over 65 will constitute 18% of Europe's population, boosting market opportunities for long-term monitoring. • Technological Innovation: Integration of AI-driven analytics enhanced diagnostic accuracy by 15% in pilot trials during early 2024. • Market drivers include rising patient self-care and regulatory support, offsetting market restraints like high device costs. Book the Latest Edition of this Market Study Get Up to 25 % Discount: Market Trends • Telemonitoring Platforms: Adoption of cloud-based cardiac event platforms grew 22% in 2024, reshaping Cardiac Event Monitor market trends. • Wearable Integration: Hybrid monitors pairing wearable patches with smartphone apps increased user compliance by 12% year-on-year. • AI-Enabled Analytics: In 2025, AI algorithms reduced false-positive alerts by 25% in clinical deployments. • Miniaturization: Implantable monitors shrank by 30% in size between 2023 and 2025, expanding pediatric applications. • Subscription Models: Recurring-revenue models contributed 18% of total market revenue in 2024, illustrating evolving market scope. Actionable Insights • Production Capacity: Global manufacturing capacity reached 1.6 million units in 2024, up 9% from 2023. • Pricing Trends: Average selling price per device declined by 3% in 2024, enhancing affordability. • Exports & Imports: Exports expanded by 11% in 2024, led by Europe; imports rose 7% in Asia Pacific, signaling market opportunities. • Use Cases: Remote patient management deployments increased 14% in 2025, with hospitals accounting for 60% of demand. • Micro-Indicators: Drill-down data show outpatient clinics growing device orders by 8% per quarter in 2024. • Nano-Indicators: Country-level permit approvals jumped by 20% in emerging markets, reflecting favorable market dynamics. Key Players • Medtronic • Boston Scientific Corporation • Abbott • GE Healthcare • Philips Healthcare • Biotronik • Hill-Rom Holdings (Baxter) • iRhythm Technologies • Preventice Solutions • Medicomp • ACS Diagnostics • Spacelabs Healthcare • Nihon Kohden Corporation Get Customization on this Report: Competitive Strategies: • Medtronic expanded its Asia Pacific distribution network in 2024, boosting Cardiac Event Monitor market share by 4.5%. • Boston Scientific implemented value-based pricing in Europe, leading to a 10% uplift in Cardiac Event Monitor market revenue during H1 2025. • Philips Healthcare's strategic partnership with remote care platforms reduced device latency by 20%, enhancing customer retention and differentiating its offerings. Frequently Asked Questions 1. Who are the dominant players in the Cardiac Event Monitor market? Major market players include Medtronic, Boston Scientific, Abbott, GE Healthcare and Philips Healthcare, collectively driving product innovation and global reach. 2. What will be the size of the Cardiac Event Monitor market in the coming years? The market is projected to grow from USD 4.95 Bn in 2025 to USD 7.39 Bn by 2032, at a CAGR of 5.9%, according to the latest market forecast. 3. Which end-user industry has the largest growth opportunity? Hospitals and ambulatory care centers represent the largest growth opportunity, driven by continuous outpatient monitoring and integrated telehealth services. 4. How will market development trends evolve over the next five years? Key trends include AI-driven analytics, wearable integration, subscription models, and miniaturization, all reshaping market dynamics and creating new business growth avenues. 5. What is the nature of the competitive landscape and challenges in the Cardiac Event Monitor market? The landscape is consolidated among a few large companies focusing on innovation. Challenges include high device costs, reimbursement variability and stringent regulatory approvals. 6. What go-to-market strategies are commonly adopted in the Cardiac Event Monitor market? Strategies encompass regional partnerships, value-based pricing, digital platform integration, and direct-to-consumer telemonitoring services to enhance market penetration and customer engagement. About Coherent Market Insights Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Malay Mail
21-05-2025
- Business
- Malay Mail
81 Electrical Launches Control Panel Automation Services
81 Electrcial Unveils Control Panel Automation Services in Singapore Remote monitoring and control Real-time alerts via SMS and email Integration with existing ACMV, pump, and building management systems Energy-efficient design to lower operating costs Smart home & building automation Advanced electrical control panel solutions Swimming pool automation Remote monitoring & system control Industrial automation (PLC, HMI, SCADA) Pump & motor repair and servicing Optimising energy consumption Enabling predictive maintenance Reducing the risk of equipment failure SINGAPORE - Media OutReach Newswire - 21 May 2025 - 81 Electrical, an electrical service provider in Singapore, is proud to announce the launch of its latest offering: control panel automation. This new service is designed to bring advanced automation, remote monitoring, and energy-efficient solutions to industries, such as ACMV, water treatment, building management, and industries continue to evolve, the demand for smart, automated systems is on the rise. Recognising the inefficiencies of traditional manual control panels, 81 Electrical has developed an automation solution that incorporates PLC programming, HMI integration, and cloud-based remote monitoring. These innovations allow for increased operational efficiency, reduced downtime, and significant cost savings."Outdated control systems are holding businesses back. Our new automation service provides a smarter, more sustainable alternative that empowers clients with real-time control and insights," said Steven Koh, Director of 81 a solid foundation in electrical control systems and mechanical & electrical (M&E) services, 81 Electrical brings years of expertise to the control panel field. They specialise in automation, troubleshooting and repair services. In line with the company's mission, this new venture is unveiled to enhance performance, reduce operational costs, and modernise Singapore's electrical Sets It ApartThe launch also marks the beginning of a broader expansion. Upcoming services include:Control panel automation is not only about improving convenience; it also contributes to sustainability. 81 Electrical aims to help clients lower their carbon footprint and extend the lifespan of their systems by:While no formal partnerships have been announced, 81 Electrical is in active discussions with several technology providers to further enhance the service. "We're committed to staying ahead of the curve by continuously improving our offerings. Our goal is to provide smart, scalable solutions that meet our clients' evolving needs," as revealed by Steven Koh, Director of 81 Electrical. Additional system upgrades and customisations will be available upon #81Electrical #controlpanelautomationservices #electricalservicesinsingapore #electriciansingapore The issuer is solely responsible for the content of this announcement. About 81 Electrical 81 Electrical is an electrical service provider with over a decade of experience supporting both residential and commercial clients. The company offers a broad range of electrical works in Singapore, including electrical control panel troubleshooting and repair services.
Zawya
21-05-2025
- Business
- Zawya
81 Electrical Launches Control Panel Automation Services
81 Electrcial Unveils Control Panel Automation Services in Singapore Remote monitoring and control Real-time alerts via SMS and email Integration with existing ACMV, pump, and building management systems Energy-efficient design to lower operating costs Smart home & building automation Advanced electrical control panel solutions Swimming pool automation Remote monitoring & system control Industrial automation (PLC, HMI, SCADA) Pump & motor repair and servicing Optimising energy consumption Enabling predictive maintenance Reducing the risk of equipment failure SINGAPORE - Media OutReach Newswire - 21 May 2025 - 81 Electrical, an electrical service provider in Singapore, is proud to announce the launch of its latest offering: control panel automation. This new service is designed to bring advanced automation, remote monitoring, and energy-efficient solutions to industries, such as ACMV, water treatment, building management, and industries continue to evolve, the demand for smart, automated systems is on the rise. Recognising the inefficiencies of traditional manual control panels, 81 Electrical has developed an automation solution that incorporates PLC programming, HMI integration, and cloud-based remote monitoring. These innovations allow for increased operational efficiency, reduced downtime, and significant cost savings."Outdated control systems are holding businesses back. Our new automation service provides a smarter, more sustainable alternative that empowers clients with real-time control and insights," said Steven Koh, Director of 81 a solid foundation in electrical control systems and mechanical & electrical (M&E) services, 81 Electrical brings years of expertise to the control panel field. They specialise in automation, troubleshooting and repair services. In line with the company's mission, this new venture is unveiled to enhance performance, reduce operational costs, and modernise Singapore's electrical Sets It ApartThe launch also marks the beginning of a broader expansion. Upcoming services include:Control panel automation is not only about improving convenience; it also contributes to sustainability. 81 Electrical aims to help clients lower their carbon footprint and extend the lifespan of their systems by:While no formal partnerships have been announced, 81 Electrical is in active discussions with several technology providers to further enhance the service. "We're committed to staying ahead of the curve by continuously improving our offerings. Our goal is to provide smart, scalable solutions that meet our clients' evolving needs," as revealed by Steven Koh, Director of 81 Electrical. Additional system upgrades and customisations will be available upon #81Electrical #controlpanelautomationservices #electricalservicesinsingapore #electriciansingapore The issuer is solely responsible for the content of this announcement. About 81 Electrical 81 Electrical is an electrical service provider with over a decade of experience supporting both residential and commercial clients. The company offers a broad range of electrical works in Singapore, including electrical control panel troubleshooting and repair services. 81 Electrical
