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According to research report the cardiac monitoring devices market is expected to reach $30.56 billion by 2027 from $22.12 billion in 2019, at a CAGR of 4.0% during the forecast period.

The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.Download Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55While product launches and approvals remained at the center of the strategic growth initiatives pursued by a majority of the key players in the market, players are also focusing on increasing their presence in the high-growth markets through agreements, expansions, and acquisitions.Medtronic offers defibrillators, pacemakers, CRT devices, and cardiac monitors in the market.

The company’s cardiac and vascular product segment significantly contributes to its growth in the market.The company focuses on developing innovative products for the treatment of heart rhythm disorders and heart failures.

In the last three years, it launched several products such as the Evera MRI SureScan Implantable Cardioverter-defibrillator (ICD) System, SEEQ Mobile Cardiac Telemetry (MCT) System, Advisa and Ensura SR MRI SureScan Single-chamber Pacemaker Devices, Viva CRT-P Pacemaker, Reveal LINQ Insertable Cardiac Monitor (ICM) System, and Advisa DR MRI SureScan Pacing SystemAbbott is one of the major players in the cardiac monitoring and cardiac rhythm management devices market.

For instance, in April 2016, St Jude launched the MultiPoint Pacing technology, designed for CRT patients who are not responsive to other pacing options.

With this launch, the company fortified its ICD systems business segment.