Sudden Cardiac Arrest (SCA) constitutes a dire medical condition, marked by the abrupt cessation of effective blood circulation due to the heart's failure to contract properly. This leads to acute circulatory collapse, often culminating in loss of consciousness within an hour and potentially resulting in fatality within minutes if left unattended. Heart rate variability (HRV) serves as a critical biometric, derived from electrocardiogram (ECG) signals with ventricular depolarization waves to further calculate the R-R Intervals (RRIs). These intervals provide the basis for extracting various characteristics of cardiac rhythm, encompassing time-domain, frequency-domain, and nonlinear features. This study presents a neural network-based classification algorithm that leverages HRV metrics to categorize patients into SCA and Normal Sinus Rhythm (NSR) cohorts. The proposed neural network (NN) model showcased impressive results, achieving an accuracy of 96.23%, a sensitivity of 94.35%, and a specificity of 98.12% in detecting SCA, as evaluated through leave-one-subject-out analysis. In order to harness the benefits of hardware acceleration, the algorithm is implemented on a Field-Programmable Gate Array (FPGA). Its computational efficiency is subsequently benchmarked against traditional software-based methodologies. The hardware-level implementation is made possible in Verilog hardware description language (HDL) and was verified successfully with expected performance by register-transfer level (RTL) simulation via Vivado 2020.2.