Globally, cardiovascular diseases are the leading cause of mortality. According to the World Health Organisation, nearly 17.9 million global deaths occur due to cardiovascular disease every year. According to the American Heart Association (AHA), more than 800 thousand individuals die from cardiovascular diseases in the United States each year and nearly 92.1 million Americans are living with some form of cardiovascular disease. A cardiac arrhythmia is a condition where the person heartbeat is irregular, i.e., either, too slow, or too fast. Cardiac arrhythmia monitoring devices help in monitoring the patients who are at risk with heart arrhythmia. According to this latest report, the Global Cardiac Arrhythmia Market will be US$ 7.9 Billion by 2026.
What is Cardiac Arrhythmia and How Monitoring Device Helps?
People with cardiovascular diseases have increased risk of cardiac arrhythmia conditions like tachycardia and bradycardia that need continuous monitoring to overcome sudden heart failure. When a heart rate is above 100 beats per minute in adults that it is called “tachycardia”. And when the heart rate of an adult is below 60 beats per minute than it is called “bradycardia”.
The cardiac arrhythmia monitoring device can monitor or record the electrical activity of the heart. These devices help in identifying the type and the cause of irregular heart rhythms. These devices help to continuously monitor the patients suffering from cardiac arrhythmia through remote patient monitoring.
Factors Driving the Cardiac Arrhythmia Market
The growth of telemedicine and the popularity of smartphone technology has changed the landscape of cardiac monitoring devices. In addition, key players operating in the market are competing based on advanced and connected cardiac arrhythmia monitoring devices which is expected to propel the growth of this market in upcoming years.
The driving force, which is boosting the global cardiac arrhythmia market, is surging cases of lifestyle habits like obesity, smoking and excessive alcohol consumption. Some other factors include rising healthcare expenditure, rising consumption of tobacco and alcohol, accelerating economic growth, growing obese population.
This report provides an all-encompassing analysis of the global cardiac arrhythmia market
Segments: This report covers Market from 4 Viewpoints
- Implantable Cardiac Monitoring Devices
- ECG Testing Device
- Mobile Cardiac Telemetry Monitors
- Event Recorder
End–Users: Market break-up from 3 Viewpoints
- Hospitals, Clinics & Cardiac Centers
- Ambulatory Surgery Centers
- Other End-User
Regions: Market break-up from all the 5 Regions
- North America
- United States
- Canada
- Latin America
- Europe
- Asia Pacific (APAC)
- Rest of the World
All the key players have been covered from 3 Viewpoints
- Overview
- Recent Developments
- Revenue Analysis
Key Players
- Abbott Laboratories
- GE Healthcare
- Medtronic PLC
- Koninklijke Philips NV
- Biotelemetry, Inc.
Table of Contents
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Cardiac Arrhythmia Monitoring Devices Market
6. Market Share
6.1 By Segment
6.2 By End-User
6.3 By Region
7. Market by Segment
7.1 Implantable Cardiac Monitoring Devices
7.1.1 Market Trend
7.1.2 Market Forecast
7.2 ECG Testing Device
7.2.1 Market Trend
7.2.2 Market Forecast
7.3 Mobile Cardiac Telemetry Monitors
7.3.1 Market Trend
7.3.2 Market Forecast
7.4 Event Recorder
7.4.1 Market Trend
7.4.2 Market Forecast
8. Market by Region
8.1 North America
8.1.1 United States
8.1.2 Canada
8.2 Latin America
8.3 Europe
8.4 Asia-Pacific (APAC)
8.5 Rest of the World
9. Market by End-User
9.1.1 Hospitals, Clinics & Cardiac Centers
9.1.2 Ambulatory Surgery Centers
9.1.3 Other End-User
10. Key Players Analysis
10.1 Abbott Laboratories
10.1.1 Overview
10.1.2 Recent Developments
10.1.3 Revenue Analysis
10.2 GE Healthcare
10.2.1 Overview
10.2.2 Recent Developments
10.2.3 Revenue Analysis
10.3 Medtronic PLC
10.3.1 Overview
10.3.2 Recent Developments
10.3.3 Revenue Analysis
10.4 Koninklijke Philips NV
10.4.1 Overview
10.4.2 Recent Developments
10.4.3 Revenue Analysis
10.5 Biotelemetry, Inc.
10.5.1 Overview
10.5.2 Recent Developments
10.5.3 Revenue Analysis
List of Figures:
Figure-01: Global – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-02: Global – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-03: Global – By Segment Market Share, (Percent), 2016 – 2019
Figure-04: Global – Forecast For By Segment Market Share, (Percent), 2020 – 2026
Figure-05: Global – By End - User Market Share, (Percent), 2016 – 2019
Figure-06: Global – Forecast For By End - User Market Share, (Percent), 2020 – 2026
Figure-07: United States – Implantable Cardiac Monitoring Devices Market (Million US$), 2016 – 2019
Figure-08: United States – Forecast For Implantable Cardiac Monitoring Devices Market (Million US$), 2020 – 2026
Figure-09: Global – ECG Testing Device Market (Million US$), 2016 – 2019
Figure-10: Global – Forecast For ECG Testing Device Market (Million US$), 2020 – 2026
Figure-11: Global – Mobile Cardiac Telemetry Monitors Market (Million US$), 2016 – 2019
Figure-12: Global – Forecast For Mobile Cardiac Telemetry Monitors Market (Million US$), 2020 – 2026
Figure-13: Global – Event Recorder Market (Million US$), 2016 – 2019
Figure-14: Global – Forecast For Event Recorder Market (Million US$), 2020 – 2026
Figure-15: North America – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-16: North America – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-17: United States – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-18: United States – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-19: Canada – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-20: Canada – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-21: Latin America – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-22: Latin America – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-23: Europe – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-24: Europe – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-25: Asia Pacific – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-26: Asia Pacific – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-27: Rest of the World – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-28: Rest of the World – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-29: Hospitals, Clinics & Cardiac Centers – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-30: Hospitals, Clinics & Cardiac Centers – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-31: Ambulatory Surgery Centers – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-32: Ambulatory Surgery Centers – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-33: Other End User – Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2016 – 2019
Figure-34: Other End User – Forecast For Cardiac Arrhythmia Monitoring Devices Market (Million US$), 2020 – 2026
Figure-35: Global – Abbott Laboratories Revenue, (Million US$), 2016 – 2019
Figure-36: Global – Forecast For Abbott Laboratories Revenue, (Million US$), 2020 – 2026
Figure-37: Global – GE Healthcare Inc Revenue, (Million US$), 2016 – 2019
Figure-38: Global – Forecast For GE Healthcare Inc Revenue, (Million US$), 2020 – 2026
Figure-39: Global – Medtronic, PLC Revenue, (Million US$), 2016 – 2019
Figure-40: Global – Forecast For Medtronic, PLC Revenue, (Million US$), 2020 – 2026
Figure-41: Global – Koninklijke Philips NV Revenue, (Million US$), 2016 – 2019
Figure-42: Global – Forecast For Koninklijke Philips NV Revenue, (Million US$), 2020 – 2026
Figure-43: Global – BioTelemetry Inc, Revenue, (Million US$), 2016 – 2019
Figure-44: Global – Forecast For BioTelemetry Inc, Revenue, (Million US$), 2020 – 2026
Companies Mentioned
- Abbott Laboratories
- GE Healthcare
- Medtronic PLC
- Koninklijke Philips NV
- Biotelemetry, Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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