Cardiac Event Monitor Markets Market Forecasts 2017 to 2023 : at $1.1 billion in 2016 will reach $4.8 billion by 2023

Global Cardiac Event Monitor Market: Overview

The rising prevalence of cardiac diseases is encouraging healthcare facilities to employ advanced cardiac event monitor products and solutions. The advanced technology is supporting early diagnosis and prevention of disease. The adoption of digitalization in healthcare is giving rise to sale of software and services that monitor and manage patient health.
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A cardiac event recorder is a device that records heart's electrical activity (ECG) to detect presence of symptoms. These are portable miniature devices powered by battery. The global cardiac event monitor markets is driven by increased investments from the prominent players operating in the market. The challenges pertained to cardiac diseases are being overcome by innovations followed by the developers of healthcare solutions. Furthermore, governments are initiating programs to developed healthcare infrastructure to provide enhanced services to patients. The increasing number of obese people and the escalating geriatric population are expected to fuel the global market for cardiac event monitor.

BioTelemetry’s CardioNet MCOT and Preventice BodyGuardian Heart have devices. The newer patch based devices rely on MCT technology, iRhythm, a US-based AECG specialist, is selling a somewhat differentiated patch, Zio XT. Similar to Holter monitoring, the device can record arrhythmias.

It can record 10 days of continuous data, which is retrieved after completion of the monitoring, ie not live transmission like in MCT. Cardiologists would hardly be able to handle such large amounts of data, therefore iRhythm has developed proprietary algorithms, which provide summary reports.

Cardiac event monitor market forecasts, event recorder device, MCT device, and implantable recorders are charged for as services when the units are provided to patients in this manner. Insurance reimbursement is many times a more favorable way to collect money from a service. The implantable segment of the overall cardiac event recording market goes from 58% of the total to 80% of the total. It implantable devices are far more reliable and accurate than the electronic external devices.

Companies Profiled

Market Leaders

Biotelemetry / Cardionet / Mednet
Preventice Solutions / eCardio
Applied Cardiac Systems
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Market Participants

AliveCor
Applied Cardiac Systems
AT&T
Biomedical Systems
Biotronik
BioTelemetry
Biomedical Systems
CardGuard
Lifewatch / CardGuard
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