The European market is expected to hold the second largest market share. The market is
expected to witness growth owing to the rising patient population, changing lifestyle, and
growing elderly population. This is expected to provide favorable backgrounds for the
market to grow.
Asia-Pacific is projected to be the fastest growing region for the global arrhythmia
monitoring devices in 2018. It is expected to witness profitable growth over the forecast
period due to the existence of favorable healthcare schemes drafted by government
agencies. For example, Billion Hearts Beating Foundation has taken up the initiative to
increase awareness about diagnosis and prevention of heart diseases leading to increase the
demand for monitoring devices thus propelling the market growth. Other factors such as
growing elderly population, rising demand for advanced and high-end technologies,
healthcare reforms for infrastructural development and growing healthcare expenditure are
some of the key factors that will accelerate the cardiac arrhythmia monitoring devices
market growth during the forecast period. Awareness programs and quality assurance of
diagnostic procedures have added importance in the developing economies of Korea,
Taiwan, China, Sri Lanka and India since the last few years.
The Middle East and Africa accounts for the least share due to stringent government policies
and low per capita income.