Wearable Cardioverter Defibrillators Market Size

Wearable Cardioverter Defibrillators Market size is poised to reach USD 24 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of wearable cardioverter defibrillators was USD 14 Billion. The reason behind the growth is due to the rising incidence of cardiovascular diseases across the globe. Cardiovascular disease deaths have increased by more than 55% worldwide in the past 30 years.

Diabetes-related high blood sugar levels can harm the nerves that control the heart and blood vessels, resulting in a variety of cardiovascular diseases such as coronary artery disease, which affects the electrical conduction system in the heart, causing ventricular arrhythmias and atrial fibrillation. This increases the demand for common cardiac disease and rhythm monitoring, which is likely to boost market growth. 

The growing technological advancement in cardiology are believed to fuel the market growth. For instance, artificial intelligence (AI) components are already being utilized in radiology and cardiology's backends including wearable cardiac monitoring devices and point-of-care (POC) triage apps that are being utilized with wearables or smartphone-based apps that record ECG to automatically detect arrhythmias and notify patients.