DUBLIN–(BUSINESS WIRE)–Jan 29, 2021–
The "Cardiac Monitoring Market – Growth, Trends, and Forecasts (2020 – 2025)" report has been added to ResearchAndMarkets.com’s offering.
The cardiac monitoring market is expected to grow with a healthy CAGR of nearly 5.2% during the forecast period.
The cardiac monitoring market is driven by an increase in the prevalence of heart diseases, a growing aging population who are very susceptible to coronary heart diseases, technological developments in cardiac monitoring devices that minimize the chances of infection, and improved efficiency of devices.
- Medtronic PLC
- Abbott Laboratories
- Boston Scientific Corporation
- GE Healthcare
- iRhythm Technologies Inc
- Hill-Rom Holdings
- Applied Cardiac System
Key Market Trends
ECG Monitor is Expected to Dominate the Cardiac Monitoring Market
Cardiovascular disease (CVD), like stroke and heart disease, is the leading cause of death across the globe. The increase in the incidence of cardiovascular diseases (CVD) necessitates the need for long-term ECG monitoring. Usually, this procedure is possible in hospitals.
However, with the introduction of wireless ECG, the doctors can monitor and diagnose the patient remotely and on time. There are two different types of ECG monitors available in the market, namely monitoring ECG systems and diagnostic ECG systems. 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, globally.
Furthermore, technological advancements and product innovations taking place in the development of ECG devices are likely to propel the market growth.
North America is Expected to Hold the Largest Market Share in the Cardiac Monitoring Market
North American holds the leading position in the cardiac monitoring market. Especially countries, like the United States and Canada, owing to a drastic increase in the patient pool of cardiovascular diseases. As per the report from the American Heart Association on heart disease and stroke, in 2017, around 800,000 deaths occurred due to cardiovascular diseases.
Furthermore, continuous advancements in the technology, growing awareness in patients about cardiac monitoring, well-established healthcare infrastructure, and favorable reimbursement policies are expected to boost the cardiac monitoring market in the North America region.
In addition, the growing economies of Asia Pacific are also expected to show high growth owing to the rising number of cardiovascular disorders and increase in disposable income.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Incidences of Cardiovascular Diseases
4.2.2 Advancements in the Technology
4.2.3 Demand for Home-based, Point of Care, and Remote Monitoring Cardiac Systems
4.3 Market Restraints
4.3.1 Risk of Infection Due to Implantable Monitoring Devices
4.3.2 Unfavourable Reimbursement Policies
4.4 Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Device Type
5.1.1 ECG Monitor
5.1.2 Event Recorder
5.1.3 Implantable Cardiac Loop Recorder
5.1.6 Cardiac Resynchronization Therapy (CRT) Devices
5.1.7 Smart Wearable
5.1.8 Other Device Types
5.2 By End-users
5.2.1 Hospitals and Clinics
5.2.2 Home Care Settings
5.2.3 Others End-users
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East and Africa
5.3.5 South America
22.214.171.124 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ef60iy
View source version on businesswire.com:https://www.businesswire.com/news/home/20210129005347/en/
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INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES CARDIOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 01/29/2021 09:19 AM/DISC: 01/29/2021 09:19 AM