According to the new market research report “Cardiac Monitoring Market” worth USD 25.12 Billion by 2022
Browse 170 market data Tables and 31 Figures spread through 180 Pages and in-depth TOC on “Cardiac Monitoring & Cardiac Rhythm Management Devices Market by Product (ECG, Cardiac Output Monitoring, ILR), CRM [ICDs, External Defibrillator, Pacemaker (Dual Chamber Pacemaker)], End User (Home and Ambulatory, Hospital) – Global Forecast to 2022”
Factors such as the increasing incidence of cardiovascular diseases and technological advancements in devices are 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.
Objectives of the Study
The hospitals segment accounted for the largest share of the cardiac monitoring and cardiac rhythm management devices market in 2017.The external defibrillators segment is expected to grow at the highest CAGR in defibrillators market during the forecast period. Asia is expected to grow at the highest CAGR during the forecast period
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In 2017, North America accounted for the largest share of the cardiac monitoring and cardiac rhythm management devices market. Asia is expected to register the highest growth rate from 2017 to 2022 for the cardiac monitoring and cardiac rhythm management devices market. The large share of this regional segment can be attributed to the growth in the geriatric population and the subsequent growth in the prevalence of cardiovascular diseases, high accessibility to advanced technologies, increasing development of innovative and technologically advanced products, and increasing healthcare expenditure in the region.
Major key players in the cardiac monitoring and cardiac rhythm management devices market include Medtronic (Ireland), Abbott (US), Boston Scientific (US), BIOTRONIK (Germany), GE Healthcare (US), and Philips Healthcare (Netherlands). In the highly competitive CM and CRM devices market, a majority of the leading players aim to gain a competitive edge through technological advancements and new product launches.
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