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Cardiac Arrhythmia Monitoring Devices Market Production, Consumption, Gross Revenue & Forecast by 2023

12-17-2018 08:34 PM CET | Health & Medicine

Press release from: Industry Research

cardiac arrhythmia monitoring devices

cardiac arrhythmia monitoring devices

The report on Cardiac Arrhythmia Monitoring Devices Market sheds light on the important developments impacting and increasing the growth of the Cardiac Arrhythmia Monitoring Devices market including its restraints, drivers and prospects. The Cardiac Arrhythmia Monitoring Devices market report proposes complete synopsis of the market, covering several characteristics such as product definition, market breakdown based on several constraints, supply chain analysis, and the fundamental Key Players outlook.

The report on Cardiac Arrhythmia Monitoring Devices Market will help Major Players and the new entrants to understand and scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.

Overview of Cardiac Arrhythmia Monitoring Devices:

The global cardiac arrhythmia monitoring devices market is expected to register a CAGR of 6% during the forecast period of 2018–2023.Cardiac arrhythmia monitoring devices are extremely useful in tracking the heart function and report any abnormalities in normal function (rhythm). Hence, they do not just help in maintaining a continuous record of heart function but have also proven to be lifesavers due to their ability to report abnormalities in normal heart function, like in the case of a cardiac event.

Increasing Use of Telecardiology

In disorders like cardiac arrhythmia, cardiac monitoring is not just essential but is needed continuously. Cardiac arrhythmia is not fully curable and since it is not practical to retain a patient in the hospital for extremely long durations or to ask a patient to visit the hospital every day (that too for several times a day in some cases). The best possible way to continuously monitor the patients suffering from cardiac arrhythmia is through remote patient monitoring by using cardiac arrhythmia monitoring devices. This in technical terms, is referred to as telecardiology. In telecardiology, the patients suffering from cardiac arrhythmia are given a cardiac arrhythmia monitoring device which is then superficially fixed on the chest area of the patient. These devices monitor heart rhythm through a set of two or three electrodes and record any abnormalities in heart function and some of these devices can even autonomously record an abnormality or a cardiac event and alert the healthcare professionals. Most of these devices can be monitored remotely and make it possible to effectively and efficiently monitor the patients suffering from cardiac arrhythmia. As it is extremely convenient to monitor the patients remotely when compared to regular patient visits to hospitals, telecardiology is becoming extremely popular both among the patients and the doctors. For instance, currently more than 5 million cardiac arrhythmia patients are being monitored globally through telecardiology and is expected to grow with double digit growth percentage in the next five years. This huge growth in telecardiology means the increase in demand for cardiac arrhythmia monitoring devices, which will ultimately drive the market for these devices. The other factors, such as ease of use, portability of cardiac arrhythmia monitoring devices, and development of smart cardiac monitors are driving the cardiac arrhythmia monitoring devices market.

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Quality cannot be controlled by the Devices

Most of the cardiac arrhythmia monitoring devices come with an automatic analysis software, which analyses the signal. But this analysis depends entirely on signal quality, which in turn is dependent on several different factors, such as proper attachment of the electrodes to the patient’s body, electromagnetic disturbance due to other devices in the vicinity, like the smartphones, and other factors, such as muscle tremors. These devices cannot control these factors and often result in a bad quality signal, which results in the wrong analysis by the analysis software. Often, this wrong analysis is considered by patients as the defect in the device itself and this is leading to a loss of faith in these devices. This is ultimately affecting the sales of these devices and is hindering the market. The other factors, such as poor adoption of telemetry technology in emerging markets and the high cost of remote cardiac arrhythmia monitoring are also hindering the market.

United States Leads the Market in North America

In 2017, the United States cardiac arrhythmia monitoring devices market held the largest market share in North America due to the presence of high-quality healthcare systems and increasing prevalence of cardiac diseases in the Region. In the Asia-Pacific sector, China and South Korea have been identified as potential emerging markets.

Cardiac Arrhythmia Monitoring Devices market report provides the comprehensive analysis of the market, based on leading players of present, past of Cardiac Arrhythmia Monitoring Devices Industry and resourceful data that will act as a supportive guide for leading players.

Major Key Players of Cardiac Arrhythmia Monitoring Devices Market Report: GE Healthcare, Medtronic's, Cardiocom, Aurora Resurgence (Cardiac Science Corp), Medi-Lynx, Philips Healthcare, BioTelemetry, Applied Cardiac Systems, iRhythm.

Key Issues Addressed in this Report:

Competitive Landscape and Strategic Recommendations
The market forecast and growth areas for Cardiac Arrhythmia Monitoring Devices Market
Evolving market trends and dynamics
Changing supply and demand scenarios
Changing Market Trends and Emerging Opportunities
Historical shipment and revenue
Analysis key applications
Main Players market share

Reasons to Purchase the Report

Follow the current and future global cardiac arrhythmia monitoring devices market in the developed and emerging markets.
Examine the various perspectives of the market with the help of Porter’s Five Forces Analysis.
Identify the segment that is expected to dominate the market.
Identify the regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel).

Price of Report: $ 4250 (Single User License)

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In a word, the Cardiac Arrhythmia Monitoring Devices Market report provides major statistics on the state of the Cardiac Arrhythmia Monitoring Devices industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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