ID: MRFR/MED/0862-CR | February 2021 | Region: Bric | 110 pages
Impact of Coronavirus (COVID-19) on the Global Heart Rate Monitor Market
COVID-19 is a respiratory disease caused due to coronavirus. Currently, the world is facing a pandemic due to COVID-19. The pandemic has increased the demand for the heart rate monitor market currently. This is because coronavirus affects the heart, lung tissues, hence causing respiratory problems which are increasing the demand for the devices. According to the study conducted by the American College of Cardiology on 138 hospitalized COVID-19 patients, 16.7% of patients had arrhythmia and 7.2% experienced an acute cardiac injury, in addition to other COVID-19 related complications.
The rapidly growing number of COVID-19 cases, and social distancing due to the COVID-19 pandemic, are causing increased levels of stress and anxiety for many people which is increasing the demand for heart rate monitoring devices. So, the companies are expanding their manufacturing capacities to cater to the demand for these products. Also, the different mobile health, remote health, e-health, hospital care, and diagnostics startups and emerging companies are responding during the COVID-19 pandemic.
The companies involved in offering wearable devices that track a user’s heart rate variability (HRV) play a role in reducing anxiety. These devices improve heart rate variability, an important biomarker of stress, with special biofeedback exercises.
In increasing manufacturing capacity and receiving FDA approvals for the heart rate monitor is positively impacting the market growth.