The cardiac monitoring market is divided into home and ambulatory care, hospitals, and others (research institutes and laboratories). The home and ambulatory care segment is expected to account for the largest share of the cardiac monitoring market in 2016. This end-user segment includes patients and emergency response personnel who use monitoring devices at home and in non-hospital settings.
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Geographically, the cardiac monitoring market is dominated by North America due to rising incidence of cardiovascular diseases (CVDs) and rising geriatric population, followed by Europe. The market in Asia is expected to grow at the highest CAGR during the forecast period.
This is due to significant growth in the prevalence of CVD in Asian countries and increase in remote cardiac monitoring devices.
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- Cardiac Monitoring and Cardiac Rhythm Management Device Manufacturers
- Monitoring Services Providers
- Healthcare Service Providers
- Diagnostic Centers
- Health Insurance Players
Growth in cardiac monitoring market is mainly driven by factors such as rising incidence of cardiovascular disorders, growing use of mobile cardiac telemetry, and rise in private institutional nursing and home care. However, dearth of skilled healthcare professionals with expertise in electrocardiography and cardiac monitoring and limited reimbursements for remote cardiac monitoring devices are expected to restrain the growth of the cardiac monitoring market.
New product launches & approvals were key strategies adopted by major industry players to increase their market share & cater to unmet needs of customers. Emerging and immature markets like Brazil, Japan, China, & India are lucrative for CM & CRM devices.
On basis of product, cardiac rhythm management devices market categorized into defibrillators, pacemakers, & cardiac resynchronization therapy (CRT) devices.
2 Competitive Situation and Trends
3 Product Launches and Approvals
4 Agreements, Partnerships, and Collaborations
5 Mergers & Acquisitions
Major players in the CM & CRM devices market include Medtronicplc (Ireland), St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), GE Healthcare (U.S.), and Philips Healthcare (Netherlands).
Report segments CM & CRM devices market on basis of product type, end user, & region. On basis of product, cardiac monitoring devices market categorized into ECG devices, implantable loop recorder (ILR), cardiac output monitoring (COM), & event monitors.
ECG devices segment expected to account for largest share during forecast period due to rapid technological advancements in improvement of ECG devices.
On basis of product, cardiac rhythm management devices market is categorized into defibrillators, pacemakers, and cardiac resynchronization therapy (CRT) devices. The defibrillators segment is expected to account for the largest share of the market during the forecast period.
The use of defibrillators is gradually increasing with the rising prevalence of cardiovascular diseases.
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