Cardiac Monitoring and Cardiac Rhythm Management Devices Market is Estimated to Value Over USD 10 Billion by 2026 End

  • 02 Oct 2019

Cardiac Monitoring and Cardiac Rhythm Management Devices Market is estimated to value over USD 32 billion by 2026 end and register a CAGR of over 4.8% during the forecast period 2019 to 2026. 

 

The market volume for Cardiac Monitoring Device (CM), is expected to showcase immense market growth. Technological innovations have meant that such devices and techniques can perform a number of different functions. The Cardiac Rhythm Management (CRM) allows normal cardiac rhythm in patients, who are affected by rhythm and rate disorders of the heart. These devices are essential in the treatment of cardiac ailments ranging from lack of oxygen supply to the cardiac muscles, atrial flutter, heart failure, after effects of drug usage. 

 

The CRM and CM devices market has seen a surge of transformations in technologically enhanced tools and gadgets, that has made CM devices user-friendly in terms of its enhanced portability and its reduced size. The modern day cardiac monitoring device integrated advanced algorithms. Having such features offers high-fidelity data to support effective clinical decisions and with the emergence of such advances, it is likely that the market value will increase during the forecast period.

 

The U.S. market for cardiac rhythm management devices boasts of a really strong foothold particularly with regards to the relaxed  FDA sanctions for arrhythmia monitoring management devices. In addition, the volume of medical device manufacturers, who are now adopting research and development-related approaches of cardiac rhythm management devices, are factors which are bound to revitalise the economic growth. Furthermore, growing geriatric population afflicted with cardiac ailments, serves as yet another factor that will increase the market growth in the country. However, the lack of affordability of select devices may negatively impact the growth of the market in the US. 

 

Some key players in this market includes Life Watch, Philips Healthcare, Boston Scientific, GE healthcare, Nihon Kohden Corporation, Spacelabs Healthcare, Cardiac Science Corporation, Scottcare Corporation, Zoll Medical Corporation, Schiller,St. Jude Medical CardioNet, Welch Allyn, Ecardio Diagnostics, Mortara Instruments and Medtronic. 

 

Cardiac Monitoring and & Cardiac Rhythm Management Devices Market Segmentation:- 

CM and CRM Devices Market:

By Product: 

  • Cardiac Rhythm Management Devices 
  • Cardiac Monitoring Devices 

- By Product            

~ ECG Devices 

- By Type 

~ Resting ECG Systems

~ Stress ECG Systems

~ Holter Monitors

~ ECG Devices Market,

- By Lead Type 

~ Single-Lead ECG Leadwires

~ 3–6 ECG Leadwires

~ 12 ECG Leadwires

~ Other ECG Leadwires

  • Implantable Loop Recorders 
  • Cardiac Output Monitoring (COM) Devices 

- By Type

~ Minimally Invasive COM Devices

~ Noninvasive COM Devices

  • Event Monitors 

- By Type

~ Pre-Symptom (Memory Loop)

~ Post-Symptom Event Monitor

 - By Technology

~ Autodetect Monitors

~ Manual Event Monitor

  • Mobile Cardiac Telemetry Monitoring (MCT/MCOT) 
  • Smart Wearable ECG Monitors 
  • Defibrillators 

- Implantable Cardioverter Defibrillators

- Transvenous Implantable Cardioverter Defibrillators

- Biventricular ICDS/Cardiac Resynchronization Therapy Defibrillators

~ Dual-Chamber ICDS

~ Single-Chamber ICDS

- Subcutaneous Implantable Cardioverter Defibrillators

- External Defibrillators

~ Automated External Defibrillators

~ Fully Automated External Defibrillators

~ Semi-Automated External Defibrillators

~ Manual External Defibrillators

- Wearable Cardioverter Defibrillators      

  • Pacemakers 

- By Implantability

~ Implantable Pacemakers

~ External Pacemaker

- By Type

~ Dual-Chamber Pacemakers

~ Single-Chamber Pacemakers

 

By End User 

  • Hospitals 
  • Home and Ambulatory Care Settings 
  • Other End Users 

 

By Region

  • North America 
  • Europe
  • Asia Pacific 
  • Rest of the World

 

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 market by product, 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 (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa 
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market 

 

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