LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global cardiac monitoring market report. This research report also lists 13 other prominent vendors that are expected to impact the market during the forecast period.
Cardiac monitoring refers to the continuous or intermittent observation of heart activity to determine the health of the heart. It helps diagnose cardiac arrhythmias and other heart conditions. Cardiac monitoring devices include ECG devices, cardiac event monitors, ILRs, and COM devices. ECG devices are non-invasive diagnostic tools that are commonly used to monitor and record the electrical and muscular activity of the heart.
Competitive vendor landscape
The global cardiac monitoring market is highly competitive and fragmented. This is due to the presence of several local and global players. The leading vendors offer a broad range of products, make significant investments in R&D, and offer technologically advanced products. This affects the small and medium-sized vendors. Vendors are competing on factors such as price, R&D, brand awareness, product portfolio, device features, and geographical coverage.
“The vendors are increasing their R&D investments to develop new products and improve their existing products. They are also acquiring companies to gain access to better technologies and expand the scope of their offerings. They are focused on expanding their businesses internationally and are generating a significant volume of their net sales from their international operations,” says Soumya Mutsuddi, a lead patient monitoring devices research analyst from Technavio.
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Top five cardiac monitoring market vendors
Abbott is a global healthcare company. The company operates in more than 150 countries. It offers products related to nutrition, medical devices, diagnostics, and pharmaceuticals. In January 2017, the company acquired St. Jude Medical. This strengthened its presence in global medical devices market. It also made the company one of the leading vendors in cardiovascular devices market.
GE Healthcare is a medical equipment manufacturer and a pharmaceutical company. The company provides medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement, and performance solutions services.
Hill-Rom manufactures medical technologies and provides related services to the healthcare industry. The company owns several brands such as Allen Medical Systems, Liko R&D AB, Mortara Instrument, Trumpf Medical, Völker, and Welch Allyn. It offers products such as hospitals beds and long-term care beds, wound therapy systems, support surfaces and mattresses, patient handling, stretchers, furniture, respiratory care, clinical workflow solutions, and surgical equipment.
Medtronic is a medical device company that has a strong geographical presence. The company serves hospitals, physicians, clinicians, and patients in more than 160 countries. It has 89 manufacturing facilities across the world. It has segmented its business into cardiac and vascular group, minimally invasive therapies group, restorative therapies group, and diabetes group.
Philips Healthcare is a subsidiary of Philips. The company offers products related to health and wellness, personal care, domestic appliances, diagnostic imaging, image-guided therapy, ultrasound, patient care and monitoring solutions, healthcare informatics solutions and services, population health management, and others. The company has 82 production facilities in 22 countries.
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