LONDON--(BUSINESS WIRE)--The global cardiac monitoring and cardiac rhythm management devices market size is poised to grow by USD 4.8 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 5% during the forecast period.
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The market is driven by increasing awareness initiatives and access to healthcare. In addition, technological advances and new product launches are expected to further boost the growth of the cardiac monitoring and cardiac rhythm management devices market.
Several public and private organizations across the world are taking initiatives to promote awareness about CVDs and lung diseases. For instance, in the US, the AHA celebrates February as the American Heart Month, which is a federally designed event to promote awareness about heart diseases and their early diagnosis. Many vendors are also spreading awareness about CVDs to reduce the healthcare burden. Such initiatives by public and private organizations will increase the diagnosis and treatment of CVDs, thereby fueling the growth of the cardiac monitoring and cardiac rhythm management devices market during the forecast period.
The CM and CRM devices market is witnessing an increasing trend of technological advances, which are helping to develop easy-to-use CM devices with reduced size and enhanced portability. The new-generation CM devices incorporate advanced algorithms, which provide high-fidelity data to support better clinical decisions. Such advances are likely to boost the growth of the market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Abbott Laboratories
- Abiomed Inc.
- Asahi Kasei Corp.
- Biotronik Inc.
- Boston Scientific Corp.
Market Segmentation by Product:
The cardiac monitoring and cardiac rhythm management devices market can be broadly categorized into the following segments:
- Cardiac rhythm management devices
- Cardiac monitoring devices
Key Regions for the Cardiac Monitoring and Cardiac Rhythm Management Devices Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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