Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Overview
The cardiac monitoring device helps in observing the patient’s cardiac activity and the cardiac rhythm management device maintains normal cardiac rhythm in patients suffering from irregular heart rate and rhythm disorder. These devices play an important role in the treatment of serious cardiac disorders including heart failure, atrial fibrillation, atrial flutter, an indication of recent heart attack, lack of oxygen supply to cardiac muscle, and certain genetic errors, among others. Factors such as increasing cardiac disorders, changing lifestyle, technological advancements in cardiac devices, awareness regarding cardiac disorders, healthcare programs, and increasing number of unmet medical needs in developed and undeveloped countries have led to an increase in the growth of this market. However, the development of new MRI-labeled devices and the growth of the economy in the Asia-Pacific region are likely to drive the cardiac monitoring device market during the forecast period.
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Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Segmentation
The segment assessment for the worldwide Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size is done by biomaterial, product type, procedure, device type, end-user, and application.
The global Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size is segmented into types of cardiac devices, types of cardiac monitoring devices, types of cardiac rhythm management devices, and end-users. Further, the types of cardiac devices are segmented into pacemaker, biventricular pacemaker, implantable cardioverter defibrillator, and implantable cardiac loop recorder. Based on the types of cardiac monitoring devices the market is further segmented into electrocardiogram (ECG), Holter monitor, event monitor, implantable loop recorder, and cardiac output monitoring devices. Electrocardiogram (ECG) is further sub-segmented into telelectro-cardiogram, wireless ECG, and lead ECG test. Based on types of cardiac rhythm management devices, the market is segmented into defibrillators, pacemakers, and cardiac resynchronization therapy devices. Defibrillations are further sub-segmented into implantable defibrillators and external defibrillators. Based on end-user the market is segmented into hospitals, ambulatory surgical centers, and others.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Regional Analysis
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size in the Americas has been further segmented into North America and South America, with the North American market divided into the US and Canada. The European Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The cardiac monitoring device market in the Middle East and Africa has been segmented into the Middle East and Africa.
Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size Key Players
Some of the key players in the global Cardiac Monitoring and Cardiac Rhythm Management Devices Market Size are Abiomed, Berlin Hearth, Brotionik SE and Co. KG, Boston Scientific Corporation, Cardiac Science Corporation, General Electric(GE), Hill Rom Services Inc, Jarvik Hearth. Inc, Koninklijke Philips N.V, LivaNova plc, Medtronic plc, Nihon Kohden Corporation, ReliantHeart Inc, Schiller, and Abbott.
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Global Cardiac Monitoring and Cardiac Rhythm Management Device Market, by Cardiac Device (Pacemaker and Others), by Cardiac Monitoring (Electrocardiogram), by CRM (Defibrillators and Others), by End-User (Hospitals and Others)–Global Forecast Till 2027Market HighlightsRising prevalence of cardiovascular diseases and the increasing number of unmet medical needs in undeveloped countries are leading to the growth of the cardiac monitoring and cardiac rhythm management device market.
Technical advancements in drug-eluting, MRI compatible pacemakers, and Holter monitors are some of the factors leading to the growth of this market.
The growth of the global cardiac monitoring device market is driven by the high prevalence of cardiovascular disorders worldwide.
However, factors such as stringent regulatory approval procedures, the high cost of cardiac devices, and lack of reimbursement policies in developing countries are hindering the growth of the market.Regional AnalysisThe market in the Americas is expected to dominate the global cardiac monitoring and cardiac rhythm management device market during the forecast period owing to the increasing prevalence of chronic kidney diseases along with the growing geriatric population and well-established healthcare sector in the region.
The European market is expected to be the second-largest due to government funding and support from the healthcare sector, coupled with increasing research and development.
Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to technological developments, an increasing number of advanced surgeries in emerging economies, and favorable government initiatives for healthcare facilities.
The Global Market is based on Industry Size, Share, Trend and Growth.
The report is published by MRFR.Cardiac Monitoring and Cardiac Rhythm Management Device Market OverviewAs per Market Research Future (MRFR) analysis, the global cardiac monitoring and cardiac rhythm management device market is estimated to grow at 4% CAGR from 2018 to 2023 (forecast period).The cardiac monitoring device helps to monitor the patient's cardiac activity, and the cardiac rhythm management device preserves normal cardiac rhythm in patients with irregular heart rate and rhythm disorder.
Such devices play a significant role in the treatment of severe cardiac conditions, including heart failure, atrial flutter, atrial fibrillation, lack of oxygen supply to the heart muscle, recent heart attack indication, and other genetic defects, among others.
Get a FREE Sample (Including COVID19 Impact Analysis, Full TOC, Tables and Figures) of Cardiac Monitoring and Cardiac Rhythm Management Device Market @ https://www.marketresearchfuture.com/sample_request/6332Cardiac Monitoring and Cardiac Rhythm Management Device Market DynamicsFactors such as rising cardiac disorders, changing lifestyles, technological developments in cardiac devices, awareness of cardiac disorders, healthcare services, and a growing amount of unmet medical needs in developed and undeveloped countries have contributed to an increase in the growth of this sector.
Defibrillations are further sub-segmented into external defibrillators and implantable defibrillators.Depending on the end-user, the market is segmented into hospitals, ambulatory surgical centers, and others.
North America's increasing investment in cardiac devices over the last few years has led to an increase in the market in this region.
