Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market 2021 Strategic Assessments - Abbott Laboratories, Biotronik, GE Healthcare, Medtronic PLC

Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market - Growth, Trends, And Forecasts (2020 - 2025)

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Cardiac Arrhythmia Monitoring Devices production region, major players, and product type which will provide a simplified view of the Cardiac Arrhythmia Monitoring Devices industry. The Cardiac Arrhythmia Monitoring Devices market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Cardiac Arrhythmia Monitoring Devices market which will help the emerging market segments in making vital business decisions.

The Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market is expected to register a CAGR of nearly 4.5% during the forecast period. 

Japan has the world’s fastest ageing population. According to the World Ageing 2019 report, estimates the number of the population who are above 65 years of age in Japan was 35.524 million (28%) in 2019 which is projected to reach 37.278 million (30.9%) in 2030. As the number of geriatric population is expected to increase in the coming years who are more prone to chronic diseases such as cardiovascular diseases which ultimately rises the growth of the market as this group population need monitoring of the heart which ultimately increases the use of monitoring devices in near future.

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Asia-Pacific Cardiac Arrhythmia Monitoring Devices market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Abbott Laboratories, Biotronik, GE Healthcare, Medtronic PLC, Koninklijke Philips NV, AliveCor Inc, iRhythm Technologies Inc, Medi-Lynx, amongst others.

Industry News and Updates:

May 6, 2019 — Abbott announced the launch of a new, smarter heart monitor for better arrhythmia detection — positive news for people at risk for irregular heartbeats. Now with CE Mark in Europe and U.S. Food and Drug Administration (FDA) clearance, the next-generation Confirm Rx insertable cardiac monitor (ICM), a paperclip-sized implantable device, combines smartphone connectivity and continuous, remote monitoring to track unpredictable heart rhythm problems for fast and accurate diagnosis.

An arrhythmia is an abnormal heart rhythm that can lead to symptoms such as the feeling that the heart is racing, dizziness, shortness of breath or fainting. Living with an irregular heartbeat can lead to constant questions for people battling symptoms. For the 33.5 million people living with atrial fibrillation (AFib) — the most common arrhythmia — many do not even know they have the condition.

Inserted just under the skin in the chest above the heart during a quick, minimally invasive outpatient procedure, the Confirm Rx ICM device is the only ICM on the market, according to Abbott, that syncs to a smartphone via Bluetooth and transmits information to the physician to help identify irregular heartbeats quickly.

Holter Monitoring Devices Segment is Expected to Dominate the Asia-Pacific Cardiac Arrhythmia Monitoring Devices Market

Holter monitoring devices are found dominating the market as these devices can be used for longer durations for diagnosing sporadic symptoms in suffering patients. They also offer faster and convenient monitoring to increase patient compliance and is also likely to enhance treatment outcome. Furthermore, there are several advancements taking place in the cardiac arrhythmia monitoring devices market and these advances are rapidly increasing, which in turn, is driving the cardiac arrhythmia monitoring devices market.

As per United Nations Population Fund (UNFPA) 2017 report, estimates that in India, by 2050 the number of heart disease cases in senior citizens is projected to be about 19.1 million which is expected to increase the use of cardiac monitoring devices which shows a positive impact on the market in coming years.

Hence, as the number of heart diseases is expected to increase in the near future, the prevalence of cardiac arrhythmia is also expected to increase. This will increase the demand for Holter monitoring devices, which will positively impact market growth.

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Market Research Methodology:

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.                              

Key Takeaways from this Report:

Impact of low unit costs, diversified product ranges and intense competition on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Regional analysis of the market
Identifying 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)           

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