Implantable Cardiac Monitor Market will multiply at an impressive CAGR of 7.9% by 2027 & Top Key Players Medtronic, Boston Scientific Corporation, Abbott, Bortnick Angel Medical Systems, Inc., Bio sense Webster Inc.
According to a study conducted in the U.S.,
approximately 14 million people are suffering from cardiac arrhythmia.
“Global Implantable Cardiac Monitor Market Outlook: Industry Insights & Opportunity Assessment
2019–2027”
Research Nester
recently published a report titled “Global
Implantable Cardiac Monitor Market: Global Demand Analysis & Opportunity
Outlook 2027” which delivers detailed overview of the global implantable
cardiac monitor market in terms of market segmentation by indication, by end use industry and by region.
Further, for the
in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
Technological advancements pertaining
to cardiac monitor devices leading to easier implantation combined with growing
demand for such devices owing to their ability to detect cardiac arrhythmias
and atrial fibrillation are among notable factors that are driving the growth
of the global implantable cardiac monitor market. Additionally, growing
geriatric population and their susceptibility to the cardiac diseases is driving
a huge demand for the devices in order to monitor heart rhythms as well as
epilepsy disorders. On account of these factors, the global implantable cardiac
monitor market is anticipated to grow at a CAGR of around 7.9% over the
forecast period i.e. 2019-2027.
Based on end-users, the
market is bifurcated into hospitals, specialized cardiac centers, and ambulatory
surgical centers among others. Among these segments, the ambulatory
surgical centers segment is anticipated to grow at a considerable rate owing to
the supporting care, low cost treatment and ready availability of treatment at
these centers. However, the hospital segment is estimated to garner leading
shares owing to the need of hospitalization that is required to implant these
devices.
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Regionally, the
market in North America is estimated to hold highest market share on the back
of growing acceptance of these devices coupled with high investments in the
healthcare sector for research and development activities.
Growing Elderly Population and Technological
Advancements to Boost the Market Growth
Elderly people are more
prone to diseases such as atrial fibrillation and cardiac arrhythmia, which increases
the need for monitoring the heart rate. Additionally, the demand for cardiac
monitoring is rising on the back of growing prevalence of cardiovascular diseases
such as heart stroke and improper functioning of the heart. Such factors
combined with growing technological advancements in the healthcare sector are
estimated to propel the growth of the market.
However, high cost of
treatment and time consuming process pertaining to implantable cardiac monitors
are some of the restraining factors that are estimated to negatively affect the
growth of the market.
This report also
provides the existing competitive scenario of some of the key players of the global
implantable cardiac monitor market which includes company profiling of Medtronic,
Boston Scientific Corporation, Abbott, Biotronik Angel Medical Systems, Inc.,
Biosense Webster Inc.
The profiling
enfolds key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On the
whole, the report depicts detailed overview of the global implantable cardiac
monitor market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
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