South America Cardiac Monitoring Market- Growth, Trends, and Forecasts (2020 – 2025)

The South America Cardiac Monitoring Market is segmented by Device Type(ECG Monitor, Event Recorder, Implantable Cardiac Loop Recorder, Pacemaker, Defibrillator, Cardiac Resynchronization Therapy (CRT) Devices, Smart Wearable, Other Device Types), End-Users and Geography.

Market Snapshot

Study Period: 2017-2025
Base Year: 2019
CAGR: 4.8 %

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Market Overview

The South America Cardiac Monitoring Market is expected to grow with a CAGR of 4.8% in the forecast period. The factors that are responsible for the growth of the market include a rise in incidences of Cardiovascular Diseases in the region, increasing investments by major players in the region, and increasing demand for home-based point of care and remote monitoring cardiac systems. 

Cardiovascular diseases (CVD) in the South America region are the leading cause of death. The factors which lead to cardiovascular diseases are obesity, diabetes, lifestyle, and dietary habits. According to the latest WHO data published in 2018, Coronary Heart Disease Deaths in Brazil reached 171,979 or 15.60% of total deaths. The rate of diagnosis for cardiovascular diseases is increasing over time due to high incidence rates of cardiac diseases and to control mortality rates by early diagnosis and treatment for CVD with the help of cardiac monitoring devices.  Hence rise in the incidence of cardiovascular diseases drives the market.

Scope of the report

As per the scope of the report, cardiac monitoring devices are used for observation of cardiac activity. Continuous monitoring of the heart is mandatory to assess the patient’s condition suffering from CVD. Cardiac monitoring devices record and display pressure and electrical waveforms of the cardiovascular system for measurement and treatment.

By Device Type
ECG Monitor
Event Recorder
Implantable Cardiac Loop Recorder
Cardiac Resynchronization Therapy (CRT) Devices
Smart Wearable
Other Device Types
By End-users
Hospitals and Clinics
Home Care Settings
Others End-users
South America
Rest of South America

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Key Market Trends

ECG Monitor is Expected to Dominate the Cardiac Monitoring Market

The increase in the incidence of cardiovascular diseases (CVD), necessitates the need for long-term ECG monitoring. Usually, this procedure is possible only in hospitals. The development of commercially advanced devices, with enabled Bluetooth sensor technology and mobile app technology, is anticipated to drive the popularity of the ECG monitors segment. 

According to the WHO data published in 2018, Argentina ranked 146th in the number of deaths due to stroke, with 20,603 deaths or 7.88% of total deaths. The prevalence rate is 33.6 per 100,000 of the population. The high prevalence of the disease and technological advancements and product innovations taking place in the development of ECG devices are likely to propel the segment growth.

south america

Competitive Landscape

The market is fragmented and focused because of the presence of many large, medium, and small players. The multinational players possess a substantial share in the region. Some of the major players are Medtronic PLC, GE Healthcare, Biotronik, Boston Scientific Corporation etc.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in the Incidences of Cardiovascular Diseases

      2. 4.2.2 Investments in R&D for Product Development and Demand for Home Based, Point of Care & Remote Monitoring Cardiac Systems

    3. 4.3 Market Restraints

      1. 4.3.1 Risk of Infection Due to Implantable Monitoring Devices

      2. 4.3.2 Stringent Regulations

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Device Type

      1. 5.1.1 ECG Monitor

      2. 5.1.2 Event Recorder

      3. 5.1.3 Implantable Cardiac Loop Recorder

      4. 5.1.4 Pacemaker

      5. 5.1.5 Defibrillator

      6. 5.1.6 Cardiac Resynchronization Therapy (CRT) Devices

      7. 5.1.7 Smart Wearable

      8. 5.1.8 Other Device Types

    2. 5.2 By End-users

      1. 5.2.1 Hospitals and Clinics

      2. 5.2.2 Home Care Settings

      3. 5.2.3 Others End-users

    3. 5.3 Geography

      1. 5.3.1 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 GE Healthcare

      3. 6.1.3 Biotronik

      4. 6.1.4 Boston Scientific Corporation

      5. 6.1.5 Phillips Healthcare

      6. 6.1.6 Siemens Healthcare

      7. 6.1.7 SCHILLER AG

    2. *List Not Exhaustive

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The South America Cardiac Monitoring Market market is studied from 2017 - 2025.

The South America Cardiac Monitoring Market is growing at a CAGR of 4.8% over the next 5 years.

Medtronic PLC, GE Healthcare, Biotronik, Boston Scientific Corporation, Phillips Healthcare are the major companies operating in South America Cardiac Monitoring Market.

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