UK Cardiac Monitoring Devices Market Research Report Information By Product Type (ECG Monitors, Event Recorder, Implantable Cardiac Loop Recorder, Pacemaker, Defibrillator, Cardiac Resynchronization Therapy (CRT) Devices, Smart Wearable, and Other), By End User (Hospitals and Clinics, Home Care Settings, and Others) –Market Forecast Till 2032

UK Cardiac Monitoring Devices Market Overview

The cardiac monitoring devices market industry is projected to grow from Significant Value by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2023 - 2032). Increasing prevalence of cardiovascular diseases, technological advancements, growing demand for home-based monitoring, rising healthcare expenditure, and government initiatives are the main market drivers anticipated to propel the cardiac monitoring devices market in the United Kingdom.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cardiac Monitoring Devices Market Trends

• Increasing prevalence of cardiovascular diseases is driving the market growth

The increasing prevalence of cardiovascular diseases is a major growth driver for the UK Cardiac Monitoring Devices Market. Cardiovascular diseases refer to a group of conditions that affect the heart and blood vessels, including coronary artery disease, heart failure, arrhythmias, and others. These conditions are a leading cause of morbidity and mortality in the UK, with an estimated 7.4 million people living with cardiovascular disease in the country. The prevalence of cardiovascular diseases is increasing in the UK for several reasons. First, the UK has an aging population, and age is a major risk factor for cardiovascular diseases. As the population ages, the number of people living with cardiovascular diseases is expected to increase. Second, lifestyle factors such as poor diet, lack of exercise, and smoking are contributing to the rise in cardiovascular diseases. These lifestyle factors can increase the risk of developing cardiovascular diseases, particularly in younger adults.

Furthermore, the growing demand for home-based monitoring is another important growth driver for the UK Cardiac Monitoring Devices Market. Home-based monitoring refers to the use of cardiac monitoring devices that can be used by patients in their own homes, providing real-time data on heart health that can be transmitted to healthcare providers for analysis. There are several factors driving the growing demand for home-based monitoring in the UK. First, home-based monitoring can provide patients with more frequent and convenient monitoring of their heart health, enabling them to detect and manage cardiovascular diseases earlier. This can improve patient outcomes and reduce healthcare costs by preventing hospitalizations and other costly interventions. Second, home-based monitoring can help reduce the burden on healthcare providers by enabling remote monitoring of patients' heart health. This can help healthcare providers detect and manage cardiovascular diseases earlier, reducing the need for costly interventions and improving patient outcomes. Finally, advances in technology have made home-based monitoring more accessible and affordable for patients. Wearable devices, such as smartwatches and fitness trackers, can provide real-time data on heart health that can be transmitted to healthcare providers for analysis. This has made home-based monitoring more convenient and accessible for patients, driving demand for these devices in the UK.

Cardiac Monitoring Devices Market Segment Insights

Cardiac Monitoring Devices Product Type Insights

The UK cardiac monitoring devices market segmentation, based on product type includes ECG Monitors, Event Recorder, Implantable Cardiac Loop Recorder, Pacemaker, Defibrillator, Cardiac Resynchronization Therapy (CRT) Devices, Smart Wearable, and Other. The ECG monitors segment dominated the market mostly. This is due to the widespread use of ECG monitors in hospitals, clinics, and home settings for diagnosing and monitoring various cardiac conditions. The report also notes that the smart wearable segment is expected to grow at a significant rate in the coming years, driven by increasing adoption of wearable technology for fitness and healthcare tracking.

Cardiac Monitoring Devices End User Insights

The UK cardiac monitoring devices market segmentation, based on end user, includes Hospitals and Clinics, Home Care Settings, and Others. The hospitals and clinics category generated the most income. This is due to the high prevalence of cardiac diseases in the UK population, which drives the demand for advanced cardiac monitoring devices in hospital and clinic settings. The report notes that the home care settings segment is also expected to grow at a significant rate in the coming years, driven by increasing preference for home-based healthcare and remote monitoring solutions.

Figure 1: UK Cardiac Monitoring Devices Market, by End User, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cardiac Monitoring Devices Country Insights

With the increasing preference for home-based healthcare and remote monitoring solutions, the demand for smart wearable devices and other remote monitoring solutions is expected to grow in the UK cardiac monitoring devices market. Additionally, the UK has a well-developed healthcare infrastructure, which supports the adoption of advanced cardiac monitoring devices in hospitals, clinics, and home care settings. It is a hub for innovation and technological advancements in healthcare, which is expected to drive the development of advanced cardiac monitoring devices in the coming years. Also, the United Kingdom has an aging population, which is expected to drive the demand for cardiac monitoring devices in the coming years. This is because elderly individuals are more prone to cardiac diseases and require regular monitoring of their heart health.

Cardiac Monitoring Devices Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the cardiac monitoring devices market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, cardiac monitoring devices industry must offer cost-effective items.

Major players in the cardiac monitoring devices market are attempting to increase market demand by investing in research and development operations includes Medtronic PLC; Abbott Laboratories; Boston Scientific Corporation, GE Healthcare; iRhythm Technologies, Inc.; Biotronik, Livanova PLC, Baxter (Hill-Rom Holdings, Inc); Schiller AG; Koninklijke Philips N.V. (Biotelemetry).

Key Companies in the cardiac monitoring devices market include

• Medtronic PLC


• Abbott Laboratories


• Boston Scientific Corporation


• GE Healthcare


• iRhythm Technologies, Inc.


• Biotronik


• Livanova PLC


• Baxter (Hill-Rom Holdings, Inc)


• Schiller AG


• Koninklijke Philips N.V. (Biotelemetry)

Cardiac Monitoring Devices Industry Developments

2020: Biotronik acquired Cardiofocus, a US-based developer of advanced mapping and ablation technologies for the treatment of atrial fibrillation. This acquisition is expected to expand Biotronik's product portfolio in the cardiac monitoring and treatment market.

2019: Abbott launched its Confirm Rx insertable cardiac monitor in the UK. The device is the world's first smartphone-compatible cardiac monitor and is designed to help physicians monitor patients with arrhythmias.

Cardiac Monitoring Devices Market Segmentation

Cardiac Monitoring Devices Product Type Outlook

• ECG Monitors


• Event Recorder


• Implantable Cardiac Loop Recorder


• Pacemaker


• Defibrillator


• Cardiac Resynchronization Therapy (CRT) Devices


• Smart Wearable


• Other

Cardiac Monitoring Devices End User Outlook

• Hospitals and Clinics


• Home Care Settings


• Others