"Arrhythmia Monitoring Devices Market Research Report - Forecast to 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
Arrhythmia Monitoring Devices Market Report Information by Device Type (Resting ECG, Event Monitor, Holter Monitor, Others), by Application (Tachycardia, Bradycardia, Others), By End User (Hospitals and Clinics, Others) and Region - Global Forecast till 2024
Market Highlights
The Global Arrhythmia Monitoring Devices Market is Expected to Register a CAGR of 6.44% and is Anticipated to Reach USD 8,087.4 Million by 2024. Cardiac arrhythmia monitoring devices are extremely useful in tracking the functions of the heart function and report any abnormalities in the normal function (rhythm). Hence, they do not just help in maintaining a continuous record of heart functions but have also proven to be lifesavers due to their ability to report abnormalities in normal heart functions, like in the case of a cardiac event.
Intended Audience
- Medical Device Manufacturers and Distributors
- Government Research Organizations
- Hospitals and Clinics
- Regulatory Agencies
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The global market for arrhythmia monitoring devices is expected to propel owing to factors such as increasing use of telecardiology, ease of use and portability of cardiac arrhythmia monitoring devices, and development of smart cardiac monitors. However, the factors such as an increase in recalls of arrhythmia monitoring devices and complications related to these devices may hamper the growth of the market over the forecast period.
Segment Analysis
The global arrhythmia monitoring devices market has been segmented into device type, application, and end user. By device type, the market has been segmented into resting ECG, event monitor, implantable cardiac monitor (ICM), Holter monitor, mobile cardiac telemetry (MCT) devices, others. On the basis of application, the market has been segmented into tachycardia, bradycardia, atrial fibrillation (A-fib), ventricular fibrillation (V-fib), premature ventricular contractions (PVC), conduction disorders, and others. By end user, the market has been segmented into hospitals & clinics, diagnostic centers, home care settings, ambulatory surgery centers (ASC), and others.
Key Players
Market Research Future (MRFR) recognizes the following companies as the key players in the global arrhythmia monitoring devices market that includes are Biotronik (Germany), Abbott Laboratories (US), Medtronic plc (Ireland), GE Healthcare (US), BioTelemetry, Inc. (US), Applied Cardiac Systems, Inc. (US), Alive Cor, Inc. (US), Nihon Kohden Corporation (Japan), Fukuda Denshi Co. Ltd (Japan), and Spacelabs Healthcare (US).
Regional Analysis
Geographically, the Americas is expected to dominate the global arrhythmia monitoring devices market. In this region, the growing prevalence of cardiac diseases along with growing awareness created by several government organizations as well as private firms is estimated to support the market growth. The Europe arrhythmia monitoring devices market is expected to be the second largest market owing to the growing occurrences of cardiac disorders in the region. In the European region, Spain accounted for a market share of 5.5% in 2018. Asia-Pacific is anticipated to be the fastest growing market owing to the developing healthcare infrastructure and rising disposable income. Furthermore, the Middle East and Africa is expected to witness steady growth due to limited access and healthcare affordability among the population.
Key Findings of the Study
- Global arrhythmia monitoring devices market is projected to reach USD 8,087.4 million by 2024 with 44% CAGR during the review period of 2019 to 2024.
- Americas accounted for the largest share in the region due to the high adoption rate of the low-cost electrocardiogram and the rising prevalence of cardiac diseases.
- The hospital and clinics segment accounted for the largest share, holding a market value of USD 1,740.0 Million in 2018.
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The report for Global market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
TOC:
- Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
TOC…Continued
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