Wearable heart monitoring devices refers to wearable heart monitors that measure and display heart rate, in other words, they provide a real time measurement of heart rate. In addition, these heart monitors measure breathing rate and core temperature of the body.

Innovation in surgical procedures, pain and associated complications during surgery, cost-effectiveness of surgery, increasing healthcare expenditure, increasing prevalence of lifestyle diseases, growing geriatric population, and improvement in minimally invasive surgical procedures are the key factors driving the growth of global wearable heart monitoring devices market.

Grounded in end user, the wearable heart monitoring devices market is fragmented into hospitals, retail pharmacies, academic institutes, and others. Geographically, North America holds the largest share in the global market. This largest share of North America is attributable to increasing research activities, funding and grants from government and organization in the region. Furthermore, increasing prevalence of lifestyle diseases is driving the growth of wearable heart monitoring devices market in the region.

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According to the Pew Research Center, approximately 77% of the people in the U.S. are smartphone users, and most of them were expected to have mobile health applications, by 2017. These users include health care professionals, consumers, and patients. Moreover, the penetration of smartphone, and 3G and 4G spectrum has enhanced mobile platforms for providing healthcare services. The wireless monitoring technology is expected to facilitate the growth of wearable heart monitoring devices market.

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With several technological advancements taking place in the wearable heart monitoring devices industry, the players are launching advanced products to increase their market share. For instance, in December 2018, Abbott Laboratories launched Insertable Cardiac Monitor (ICM) across India, providing patients access to the world's first and only smartphone compatible ICM. The technology is designed to help physicians remotely identify cardiac arrhythmias. This product is intended to monitor patients’ heart rhythm and transmit data via Bluetooth wireless technology to Abbott dedicated mobile app for the product.

Some of the other key players operating in the wearable heart monitoring devices industry are Boston Scientific Corporation, Koninklijke Philips N.V., Johnson & Johnson, Kinetec Products UK Ltd., Beurer GmbH, Medisana GmbH, Polar Electro Oy, Garmin Ltd., Amer Sports Corporation, and Medtronic plc.