Cardiac Arrhythmia Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Cardiac Arrhythmia Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Cardiac Arrhythmia Monitoring Devices Market: Snapshot

Cardiac arrhythmia relates to irregular rate or rhythm of heartbeat, and while most of these conditions are fairly harmless, certain cases can be utterly serious and even lead to death as the lack of blood flow can severely damage the heart, brain, and other organs. Thankfully, the National Heart, Lung, and Blood Institute (NHLBI) is strongly supporting researchers aiming to formulate a method to treat this disorder.

One of the recent and revolutionary development has been the advent of portable devices to identify arrhythmias on the run time. Conceptualized by the researchers at the Technological Institute of Morelia, the device not only detects cardiac arrhythmias on a real-time basis but also can be placed on the chest of the patients as well as made as a part of cloth such as shirt. The device only has a size of 20 by 20 centimeters and is capable of detecting eight different kinds of arrhythmias.

The only restraint remaining for the device to be commercially viable and revolutionize the cardiac arrhythmia monitoring devices market as a whole, is recharging batteries. The new technology is expected to be a blessing for those individuals who have not yet been diagnosed with cardiovascular disorders and can help in preventions with detection of early signs.

Along the similar lines, scientists at the GSI Helmholtz Center for Heavy Ion Research at Darmstadt, in association with the Mayo Clinic, are developing a novel method for treating cardiac arrhythmia using carbon ion beams in order to treat tumors. This minimally invasive procedure can even made certain desired changes to cardiac tissues that restrain the transmission of electrical signals.

This business intelligence report on the cardiac arrhythmia monitoring devices market has analyzed all of the latest developments in clinical research that are expected to pave way to new revenue avenues until the end of the forecast period of 2017 to 2025.

Global Cardiac Arrhythmia Monitoring Devices Market: Overview

Cardiac arrhythmia monitoring devices are greatly helpful in following the function of heart and report any variations from the normal in normal functioning such as rhythm. Subsequently, they do not only help in keeping up a constant record of heart function but have likewise turned out to be a saver because of their capacity to report changes in typical functioning of heart like on account of a cardiac event. The global cardiac arrhythmia monitoring devices market is anticipated to develop at a vigorous rate and achieve a noteworthy market within the forecast duration from 2017 to 2025. The cardiac arrhythmia monitoring devices market has been seeing an upward development chart since past years. The global market is likely to develop at a stellar rate.

The global cardiac arrhythmia monitoring devices market is segmented as per the cardiac telemetry devices, continuous rhythm monitoring devices, event monitoring devices, and Holter monitoring devices. The market is divide on the basis of independent diagnostic testing facilities/clinics and mobile cardiac telemetry monitoring service providers.

Global Cardiac Arrhythmia Monitoring Devices Market: Trends and Opportunities

Factors propelling the development of the global cardiac arrhythmia monitoring devices market comprise supportive reimbursements for cardiac disorder treatment, technological development in cardiac arrhythmia monitoring devices, growing cases of cardiovascular diseases, increased focus on affordability of healthcare costs, rise in adoption rate of low cost ECG facilities for people with low income and favorable government regulation for startup firms.

The rise in usage of telecardiology alongside the portability and usability of cardiac arrhythmia monitoring devices and the innovation of smart cardiac monitors are driving the development of this market. In any case, the reliance of signal quality and amplitude which are not controlled by the devices, alongside low popularity of telemetry innovation in developing markets and the high cost of remote cardiac arrhythmia monitoring are blocking the development of the market. The absence of affordable cardiac arrhythmia monitoring devices is at present giving an immense scope in this market, while the broad infrastructural necessities keeping the penetration of small firms from expansion are at present the major hindrance witnessed by this market.

Global Cardiac Arrhythmia Monitoring Devices Market: Regional Analysis

On the basis of geography, global cardiac arrhythmia monitoring devices market is divided into Europe (Germany, the United Kingdom, France, Spain, Italy, and Rest of Europe), North America (the United States, Canada, and Mexico), Asia-Pacific (Japan, China, India, South Korea, Australia, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of Latin America), the Middle East and Africa (South Africa, GCC, and Rest of MEA). Among these, North America is the key region leading the global market.

Global Cardiac Arrhythmia Monitoring Devices Market: Competitive Landscape

To build up the revenue share, the manufacturing firms which are making EGC monitoring device are concentrating on the improvement of smart ECG monitoring devices, for example, implantable cardiac monitors and cardiac telemetry monitors, that will fuel the demand of cardiac arrhythmia monitoring devices and furthermore help the software and service market within the forecast period. Growing demand for high-quality ECG monitoring devices from end use, for example, ambulatory surgical centers, homecare settings, hospitals, diagnostics centers, and emergency medical services for better output and execution, will produce great scope in future for ECG monitoring devices in the market in a few years.

Koninklijke Philips N.V., NUUBO Smart Solutions Technologies SL, GE Healthcare (General Electric Company), Spacelabs Healthcare, Inc. (OSI Systems, Inc.), Welch Allyn – A Hill-Rom Inc. Company, Nihon Kohden Corporation, Biotelemetry, Inc., Fukuda Denshi Co., Ltd., AliveCor, Inc., Medtronic Plc., Biotronik, Inc., and St. Jude Medical, LLC. (Abbott Laboratories) are among the major players in the global market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?