Cardiac AI Monitoring and Diagnostics Market, By Product (Hardware, Software), By Type (Cardiac Monitoring, Cardiac Diagnostics), By Application (Cardiac Arrhythmias, Ischemia Heart Disease/CAD, Ischemic Stroke and Others), By End-Users (Hospitals, Diagnostic Centers and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI516323 | Publish Date: February 2024 | No. of Pages: 170

Cardiac AI Monitoring And Diagnostics Market Overview

Cardiac AI Monitoring and Diagnostics Market was valued at US$ 1.5 Billion in 2024 and is projected to grow at a CAGR of 25.70% to reach US$ 15.3 Billion by 2034. AI (artificial intelligence) allows the accurate prediction of non-invasive diagnosis of coronary artery disease, cardiac outcomes, prediction of outcomes for heart failure patients and detection of malignant arrhythmias and diagnosis in patients.

Cardiac AI Monitoring And Diagnostics Market Dynamics

Growing Prevalence of Cardiovascular Diseases to fuel market growth

Growing prevalence of cardiovascular diseases have become the major factors driving the growth of the Cardiac AI Monitoring and Diagnostics Market. Growing urbanization has given rise to increased consumption of processed foods, frozen packed foods, animal-derived foods, and a lack of physical activity, which affect the health of human beings and cause chronic diseases like heart disease, diabetes, obesity, high blood pressure, and gastrointestinal diseases which in turn drives the Cardiac AI Monitoring and Diagnostics Market growth.

Further,  according to the CDC (Centers for Disease Control and Prevention), in the United States, around 697,000 people died from heart disease, and around 20.1 million adults aged 20 and older are suffering from coronary artery disease (CAD), which in turn supports the growth of Cardiac AI Monitoring and Diagnostics Market.

Technological Advancement to fuel market growth

Technological advancement in cardiac diagnostics have become another major factor in target market growth. Advancement in AI monitoring and diagnostics of cardiac has provided early detection of heart conditions, AI-powered algorithms analyze huge amount of cardiac data with improved accuracy and efficiency. AI monitoring also help in tracking patient’s heart health outside healthcare setting which leads to reduced hospitalization, better disease management with improved patient convenience which is likely to propel Cardiac AI Monitoring and Diagnostics Market growth.

Restrains:

However, expensive implementation of AI and low adoption of AI-based solutions in cardiac diagnosis has hampered the demand for Cardiac AI Monitoring and Diagnostics Market growth.

Cardiac AI Monitoring And Diagnostics Market Segmentation

Cardiac AI Monitoring and Diagnostics Market is segmented based on Product, Type, Application, End-Users and Region.

Product Insight

On the basis of Product, Cardiac AI Monitoring and Diagnostics Market is segmented Hardware, Software.

Type Insight

On the basis of Type, Cardiac AI Monitoring and Diagnostics Market is segmented Cardiac Monitoring, Cardiac Diagnostics (ECG-based, Imaging and Others)

Application Insight

On the basis of Application, Cardiac AI Monitoring and Diagnostics Market is segmented Cardiac Arrhythmias, Ischemia Heart Disease/CAD, Ischemic Stroke and Others.

End-Users Insights

On the basis of End-Users, Cardiac AI Monitoring and Diagnostics Market is segmented into Hospitals, Diagnostic Centers and Others.

Cardiac AI Monitoring and Diagnostics Market Regional Insights:

On region the Cardiac AI Monitoring and Diagnostics Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period due to growing prevalence of cardiovascular disease, huge research and development activities, technological advancement, government initiatives, and increasing healthcare expenditure.

For instance, according to CDC (Centers for Disease Control and Prevention) around US $229 billion was spend for cardiovascular diseases in United States.

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to growing geriatric population, improved healthcare infrastructure, and growing economic status.

Recent Development:

The New Launched Product News,

  • In June 2023, BIOTRONIK launched new AI-powered cardiac monitor implants. The new launched ‘BIOMONITOR IV’ implantable cardiac monitor pairs with SmartECG technology with AI (artificial intelligence) that help in reducing false positive detections by 86% and preserves 98% of true episodes.
  • In March 2023, Aidoc launched new cardiovascular AI (artificial intelligence) solutions at opening of the American College of Cardiology (ACC) 2023 annual meeting in New Orleans. The new launched cardiac AI-based solution automatically help in consolidating data by utilizing AI for generating clinical insights for more effective and improved diagnosis.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product - Hardware, Software

By Type - Cardiac Monitoring, Cardiac Diagnostics

By Application - Cardiac Arrhythmias, Ischemia Heart Disease/CAD, Ischemic Stroke and Others

By End-Users - Hospitals, Diagnostic Centers and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Few Other Promising Reports:

Cardiac AI Monitoring And Diagnostics Market Key Players

The key players operating the Cardiac AI Monitoring and Diagnostics Market includes, GE Healthcare, Koinklijke Philips N.V., Siemens Healthineers, CardiAI, IDOVEN, DiA Imaging Analysis, Cleerly Inc., Ultronmics Limited, RSIP Vision, Aidoc, and Others.

Cardiac AI Monitoring And Diagnostics Market Company Profile

  • GE Healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Koinklijke Philips N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens Healthineers
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CardiAI
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IDOVEN
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DiA Imaging Analysis
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cleerly Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ultronmics Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • RSIP Vision
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aidoc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

Cardiac AI Monitoring And Diagnostics Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Cardiac AI Monitoring and Diagnostics Market, By Product, Forecast Period up to 10 Years, (US$ Bn)

 

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hardware
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Software
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Cardiac AI Monitoring and Diagnostics Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

 

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Cardiac Monitoring
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cardiac Diagnostics (ECG-based, Imaging and Others)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Cardiac AI Monitoring and Diagnostics Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

 

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Cardiac Arrhythmias
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ischemia Heart Disease/CAD
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ischemia Stroke
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

 

  1. Cardiac AI Monitoring and Diagnostics Market, By End-Users, Forecast Period up to 10 Years, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Diagnostic Centers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  2. Cardiac AI Monitoring and Diagnostics Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years

 

  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Condition Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis