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The cardiac monitoring and cardiac rhythm management devices market
is expected to reach USD 25.12
million by 2022 from USD 20.67
million in 2017, at a CAGR of 4.0% during the forecast
period. The scope of the report includes cardiac monitoring (CM)
and cardiac rhythm management (CRM) used for the continuous
monitoring, detection, and treatment of heart activities and
abnormal heart rhythm (electric heart patterns).
Increasing incidence of cardiovascular diseases and technological
advancements in devices are the factors expected to propel the
growth of the market. However, price sensitivity and limited
reimbursements for remote cardiac monitoring devices are expected
to restrain the growth of the CM & CRM devices market.
ECG devices held the largest share of the cardiac monitoring
devices market in 2017
Based on products, the cardiac monitoring devices market is
classified into ECG devices, implantable loop recorders, cardiac
output monitors, mobile cardiac telemetry, and smart wearable ECG
monitors.The ECG devices segment accounted for the largest share of
the market in 2017.
The large share of this segment can primarily be attributed to the
increasing incidence of cardiovascular diseases, the wide
application of ECG devices in CVD management, development of
technologically advanced devices, and government initiatives.
North America accounted for the
largest share of the market in 2017
On the basis of region, the CM & CRM devices market is
segmented into North America,
Europe, Asia, and RoW.North America accounted for the
largest share of the CM & CRM devices market in 2017.
The large share of this regional segment can be attributed to the
growth in the geriatric population and the subsequent growth in the
prevalence of cardiovascular diseases, high accessibility to
advanced technologies, increasing development of innovative and
technologically advanced products, and increasing healthcare
expenditure in the region.
Break-up profile of primaries:
• By Company Type- Tier 1-42%, Tier 2-37% and Tier 3-21%
• By Designation-C-level-34%, D-level-42% and Others-24%
• By Region-North America-32%, Europe-30%, Asia-24%, and RoW-14%
Major key players in the cardiac monitoring and cardiac rhythm
management devices market include Medtronic (Ireland), Abbott (US), Boston Scientific (US),
BIOTRONIK (Germany), GE Healthcare
(US), and Philips Healthcare (Netherlands).
Research Coverage:
In this report, the cardiac monitoring and cardiac rhythm
management devices market is segmented by products, end user, and
region. The report provides a detailed overview of the major
drivers, challenges, opportunities, and restraining factors
impacting the cardiac monitoring and cardiac rhythm management
devices market along with the estimates and forecasts of the
revenue.
Reasons to buy this report:
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on portfolios
offered by the top players in the cardiac monitoring and cardiac
rhythm management devices market. The report analyzes the market by
product, end user, and region
• Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and product
launches in the cardiac monitoring and cardiac rhythm management
devices market
• Market Development: Comprehensive information about lucrative
emerging markets – the report analyzes the markets for cardiac
monitoring and cardiac rhythm management devices across regions
• Market Diversification: Exhaustive information about new
products, untapped geographies, and recent developments in the
cardiac monitoring and cardiac rhythm management devices market
• Competitive Assessment: In-depth assessment of strategies,
products, and manufacturing capabilities of the key players in the
cardiac monitoring and cardiac rhythm management devices market
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https://www.reportbuyer.com/product/4384456
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