DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The cardiac monitoring and cardiac rhythm management devices market is expected to reach USD 25.12 Billion by 2022 from USD 20.67 Billion in 2017, at a CAGR of 4% during the forecast period.
Based on product, in 2017, the defibrillators segment accounted for the largest share of the market. The large share of defibrillators can primarily be attributed to the increasing incidence of cardiovascular diseases, development of technologically advanced devices, and increasing demand for these devices in emerging countries.
Based on product, the mobile cardiac telemetry segment is expected to grow the highest CAGR during the forecast period. Factors such as quick and enhanced diagnosis compared to other short & longer-term monitoring modalities and huge potential for reducing healthcare costs are driving the growth of the market.
Based on end user, in 2017, the hospitals segment accounted for the largest share of the market. The large share of this segment can primarily be attributed to the increasing use of these devices in hospitals, growing burden of cardiovascular & coronary heart diseases, increasing number of patient visits to physician offices for the principal diagnosis of CVD & CHD, and growing number of cardiac implant procedures.
Market Dynamics
Drivers
- Increasing Incidence of Cardiovascular Diseases
- Technological Advancements
Restraints
- Price-Sensitive Market
- Limited Reimbursements for Remote Cardiac Monitoring Devices
Opportunities
- Rising Opportunities in Emerging Markets
- Smart Wearable ECG Monitors
Challenges
- Dearth of Skilled Professionals With Expertise in Electrocardiography and Cardiac Rhythm Management Devices
- Frequent Product Recalls
Key Topics Covered
1 Cardiac Monitoring Market: Introduction
2 Cardiac Monitoring Market: Research Methodology
3 Cardiac Monitoring Market: Executive Summary
4 Cardiac Monitoring Market: Premium Insights
5 Cardiac Monitoring Market: Overview
6 CM and CRM Devices Market, By Product
7 Cardiac Monitoring Devices Market, By Product
8 Cardiac Monitoring Market: By Product
9 Cardiac Monitoring and Cardiac Rhythm Management Devices Market, By End User
10 Cardiac Monitoring and Cardiac Rhythm Management Market, By Region
11 Cardiac Monitoring Market: Competitive Landscape
12 Company Profiles
- Abbott
- Applied Cardiac System
- Biotelemetry
- Biotronik
- Boston Scientific
- Cardiac Science (A Portfolio Company of the Aurora Capital Group)
- GE Healthcare
- Hill-Rom Holdings
- Livanova
- Medtronic
- Philips Healthcare
- Schiller
For more information about this report visit https://www.researchandmarkets.com/research/9vjfvr/global_cardiac?w=4
