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COVID-19 led to an increasing preference for remote monitoring patients with cardiovascular conditions. The government and some vendors have also taken various steps to raise awareness among patients and the public. September marks National Atrial Fibrillation (AF) Awareness Month, a critically important time for the Heart Rhythm Society to raise awareness for this life-threatening arrhythmia. The market is expected to grow significantly during the forecast period due to increasing technological advancements, new product launches, increasing elderly population, and reimbursement policies for implantable cardiac monitors & other ambulatory devices. Moreover, the COVID-19 impact will result in AI-based cardiac monitoring devices gaining traction across all regions. Speak directly to the analyst to clarify any post sales queries you may have.
The cardiac monitoring market is expected to grow at a CAGR of 5.86% during the forecast period. In-depth analysis and data-driven insights on the impact of COVID-19 are included in this report.
MARKET OPPORTUNITIES AND GROWTH DRIVERS
- Technological Advancements in Cardiac Monitoring
- Increase in Demand for Compact, Mobile, & Wearable Cardiac Monitors
- Artificial Intelligence in Cardiac Monitoring
- The increasing global prevalence of cardiovascular diseases
- Growing Popularity of Smart Wearable Cardiac Monitoring Devices
The Global Cardiac Monitoring Market is segmented based on Product, Mode, End-user, and Geography. Based on products, the global cardiac monitoring is segmented into resting ECG, stress ECG, cardiac event monitors, Holter monitors, output monitoring devices, implantable cardiac monitoring devices, and mobile cardiac telemetry. The resting ECG segment accounted for a major share of 38.95% in 2021. In developing countries, physicians are forced to use resting ECG devices instead of the latest high-end devices due to the cost-effective factor. This is driving growth in resting ECG devices sales.
Based on mode, the global cardiac monitoring market is segmented into standard and ambulatory. The ambulatory cardiac monitoring market will grow with an absolute rate of 79.5% in the forecast period. Based on end-user, the global Cardiac Monitoring market is segmented into hospitals, specialty cardiac centers and clinics, diagnostic centers and others.The hospital segment had the highest share amongst end-users.
BY GEOGRAPHY
- North America, Europe, APAC, Latin America, Middle East & Africa
North America is a major revenue contributor and is the fastest-growing market for cardiac monitoring devices. The presence of a large pool of patients with atrial fibrillation requiring cardiac monitoring devices, higher acceptance of advanced and innovative cardiac monitoring devices, and high awareness toward the availability of advanced treatment options using devices for atrial fibrillation and stroke have collectively supported North America’s dominance in the global market.
VENDOR LANDSCAPE
Major vendors in the cardiac monitoring market include Abbott, Boston Scientific, Medtronic, GE Healthcare, Philips Healthcare, Mortara Instrument and Welch Allyn owned by Hill-Rom Services, Spacelabs Healthcare owned by OSI Systems, and iRhythm Technologies.
THE REPORT INCLUDES:
1. The analysis of the global cardiac monitoring market provides market size and growth rate for the forecast period 2022-2027.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the cardiac monitoring market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global cardiac monitoring market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process6 Market at a Glance
4 Scope & Coverage
5 Report Assumptions & Caveats
7 Introduction
8 Market Opportunities & Trends
9 Market Growth Enablers
10 Market Growth Restraints
11 Market Landscape
12 Product
13 Mode
14 End-User
15 Geography
16 North America
17 Europe
18 APAC
19 Latin America
20 Middle East & Africa
21 Competitive Landscape
22 Key Company Profiles
23 Other Prominent Vendors
24 Report Summary
25 Quantitative Summary
26 Appendix
List of Exhibits
List of Tables
Companies Mentioned
- Abbott
- Boston Scientific
- GE Healthcare
- Hill-Rom Services
- iRhythm Technologies
- Medtronic
- OSI Systems
- Koninklijke Philips
- BPL Medical Technologies
- BIOTRONIK
- Bardy Diagnostics
- Bittium
- Cortrium
- Deltex Medical
- Edwards Lifesciences
- FUKUDA DENSHI
- Getinge
- Masimo
- Medicalgorithmics
- Aerotel Medical Systems
- ACS Diagnostics
- ScottCare Cardiovascular Solutions
- Vaso Corporation
- SCHILLER
- AliveCor
- CardioComm Solutions
- iMedrix
- Connected Care India Pvt Ltd
- Advanced Instrumentations
- AMEDTEC Medizintechnik Aue
- ASPEL
- Hangzhou Beneware Medical Equipment
- Biotricity
- Borsam Biomedical Instruments
- BTL
- CONTEC MEDICAL SYSTEMS
- Custo Med
- Oy Diagnostic Devices Development
- DMS-service
- EB Neuro
- EDAN Instruments
- Forest Medical
- Holter Supplies
- Labtech
- Lepu Medical Technology (Beijing)
- LUMED
- Medical ECONET
- Medicomp
- MEDITECH KFT
- Meditech Equipment
- Midmark
- MONITOR
- Nasan Medical Electronics
- Nasiff Associates
- NEUROSOFT
- Norav Medical
- NorthEast Monitoring
- RhythMedix
- Remo Care Solutions
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 361 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 7586.4 Million |
| Forecasted Market Value ( USD | $ 11912.99 Million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 59 |
