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.
The global Cardiac Monitoring Market is projected to reach USD 28 billion by 2021 from USD 22.19 billion in 2016, at a CAGR of 4.8% from 2016 to 2021.
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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. Growth in this 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.
“Key Target Audience is Cardiac Monitoring and Cardiac Rhythm Management Device Manufacturers, Monitoring Services Providers, Healthcare Service Providers, Physicians, Diagnostic Centers and Health Insurance Players.”
The 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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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, and India are lucrative for CM & CRM devices. On basis of product, cardiac rhythm management devices market is categorized into defibrillators, pacemakers, & cardiac resynchronization therapy (CRT) devices.
Exhaustive information about new products, untapped geographies, and recent developments in the cardiac monitoring and cardiac rhythm management devices market. In-depth assessment of strategies, products, and manufacturing capabilities of the key players in the cardiac monitoring and cardiac rhythm management devices market.
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).
More Information “Cardiac Monitoring & Cardiac Rhythm Management Devices Market – CM [ECG (Resting, Stress, Holter Monitor), COM Devices, Implantable Loop Recorders, Event Monitors], CRM (Defibrillators (ICDs, External), Pacemakers, CRT-D, CRT-P) – Global Forecast to 2021” report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=218817 .
It focuses on emerging and high-growth segments, high-growth regions, and initiatives of governments. The competitive landscape covers growth strategies adopted by industry players in the last three years.
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%
Detailed insights on upcoming technologies, research & development activities, and product launches in the cardiac monitoring and cardiac rhythm management devices market. Comprehensive information about lucrative emerging markets – the report analyzes the markets for cardiac monitoring and cardiac rhythm management devices across regions
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