Overview

Cardiac Monitoring and Cardiac Rhythm Management Devices Market is poised to value over CAGR of over 3.8% during the forecast period 2022 to 2028.

The surge of patients suffering from ailments such as heart failure and recurrent arrhythmias has contributed significantly to the cardiac rhythm management (CRM) devices market. This market has seen exponential growth due to technological progress, cardiac disorders, a greater awareness among patients and a rise in the untreated medical conditions in developing nations. But despite all the advancements, the market still encounters some hindrances such as the exorbitant costs, lack of insurance coverage alternatives and an inclination to choose drugs over treatment devices. All these factors are especially prevalent in developing nations. Having said that, the developments in the latest MRI-labeled devices, along with the growth in the economies of LAMEA and Asia-Pacific regions have been predicted to augment the growth of the industries involved in the manufacture of cardiac rhythm management and cardiac monitoring.

Segmentation-wise, the market has been bifurcated into cardiac rhythm management and cardiac monitoring. These two segments have been divided into cardiac rhythm management devices and conventional monitoring devices. Here, the monitoring device has been categorised into event monitors, cardiac monitors, ECG, Holter monitors and ILR (implantable loop recorder). Cardiac rhythm management (CRM) has been classified into sub-segments which includes defibrillators, pacemakers and cardiac resynchronization devices.

Electrocardiography (ECG) market has been anticipated to account for the largest segment in the forecast time frame, while ILR is predicted to be the fastest growing segment and pacemakers and defibrillators are widely used in the area of diagnostics. These are likely to exhibit robust growth in the next six years because they are, in fact, the most mature market. Cardiac telemetry and ECG data management are two such systems that are highly up to date and will demonstrate positive changes in the ambulatory and home health care services.

The segmentation of the end users are home health care facilities, hospitals and ambulatory services. The ease of treatment and the affordability of the ambulatory and home health care facilities rank as some of the main factors in the substantial market growth.

Major players included in the Cardiac Monitoring and Cardiac Rhythm Management Devices Market:
• Medtronic
• Boston Scientific
• Abbott Laboratories
• GE Healthcare
• BIOTRONIK
• Koninklijke Philips
• Asahi Kasei
• MicroPort Scientific
• Hill-Rom Holdings
• Nihon Kohden
• SCHILLER AG
• BioTelemetry
• BPL Medical Technologies
• ACS Diagnostics
• Shenzhen Mindray Bio-Medical Electronics
• Lepu Medical Technology
• Shree Pacetronix
• OSYPKA
• BTL
• Alivecor, Inc.
• Amiitalia
• Bexen Cardio
• Narang Medical Limited
• MeTrax GmbH
• Progetti Srl
(Note: The list of the major players will be updated with the latest market scenario and trends)

Cardiac Monitoring and & Cardiac Rhythm Management Devices Market Segmentation:

By Type
• ECG Devices
o Resting ECG Devices
o Stress ECG Devices
o Holter Monitors
• Implantable Loop Recorders
• Mobile Cardiac Telemetry Devices
• Cardiac Output Monitoring Devices
• Event Monitors
o Event Monitors Market, by Type
• Pre-symptom Event Monitors
• Post-symptom Event Monitors
o Event Monitors Market, by Technology
• Autodetect Monitors
• Manual Event Monitors
o Smart ECG Monitors
• Defibrillators
o Implantable Cardioverter Defibrillators
• Transvenous Implantable Cardioverter Defibrillators (T-ICDs)
o Biventricular Implantable Cardioverter Defibrillators/Cardiac Resynchronization Therapy Defibrillators
o Dual-Chamber Implantable Cardioverter Defibrillators
o Single-Chamber Implantable Cardioverter Defibrillators
• Subcutaneous Implantable Cardioverter Defibrillators (T-ICDs)
o External Defibrillators
• Automated External Defibrillators
o Semi-Automated External Defibrillators
o Fully Automated External Defibrillators
• Manual External Defibrillators
• Wearable Cardioverter Defibrillators
o Pacemakers
• Pacemakers Market, By Implantability
o Implantable Pacemakers
o External Pacemakers
• Pacemakers Market, By Type
o Dual-Chamber Pacemakers
o Single-Chamber Pacemakers
o Biventricular/Crt Pacemakers

By End User
• Hospitals
• Clinics, Cardiac Centers and Ambulatory Surgery Centers
• Other End Users

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Cardiac Monitoring and Cardiac Rhythm Management Devices Market Video Sample:

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the Cardiac Monitoring and Cardiac Rhythm Management Devices Market By Type, By End User and By Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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