Cardiac Arrhythmia Monitoring Devices Market Cost Analysis, Strategy and Growth Factor Report 2021 | Abbott Laboratories, Medtronic plc, G.E. Healthcare

Cardiac Arrhythmia Monitoring Devices Market Snapshot:

The global cardiac arrhythmia monitoring devices market was estimated at USD 5,200 million in 2019 and is expected to grow at 6.7% CAGR during the forecast period.
It summarizes key aspects of the market, with a focus on leading key player’s areas that have witnessed the highest demand, leading regions, and applications. It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2021-2029. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2029. Every organization partaking within the global production of the Cardiac Arrhythmia Monitoring Devices market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.

CVD is the leading cause of death worldwide, and nearly 30 million people suffer annually from a heart attack or stroke, as per the World Health Organization (WHO). Several risk factors such as family history, age, consumption of cigarettes, hypertension, high cholesterol, obesity, physical sedentariness, diabetes, unhealthy diets, and excessive alcohol consumption are numerous risk factors contributing to CVD. Likewise, with early diagnosis, irregularities in the functioning of the heart termed arrhythmias can be prevented. As a result, the market for CM & CRM products is rising as these devices help save patients at high risk of a heart attack. Thus, with the increasing prevalence of cardiac disorders, the market might witness good demand over the coming years.

Recent arrhythmia monitoring devices development in HIPPA-compliant technology has provided secure data transmission throughout the monitoring period without delays. New-fangled emerging technologies also provide effective alternatives for traditional Holter monitors that create alerts for high cardiac arrhythmia risk patients. Hence, remote continuous monitoring capabilities of such devices catering to the need for long-term coupled with uninterrupted cardiac rhythm management may positively influence the market growth. Recently, in January 2019, Cuero Regional Hospital launchedTeleCardiology services through a partnership with Access Physician.

Innovations in cardiac arrhythmia detection systems have led to new, convenient, and portable devices. Existing and emerging market players are more focused on developing compact, lightweight, and patient-friendly devices that allow remote monitoring of cardiac indications for patients. In June 2019, Zoll Medical introduced all HFAMS, a patch-based wearable cardiac control device equipped with features to regulate heart rhythm, breathing rate, and heart rate. These technologies surge consumer demand, influencing business growth.

There is an emerging trend toward affordable wearable or smartphone-based ECG sensors in the Holter tracking and consumer industry. The modern generation of systems is cheap or often removable and is much simpler to use than conventional Holter and cardiac incident recorders. With the absence of electrode cables, devices are easily stuck on the chest of the patient. Several modern gadgets communicate with mobile phones to remove the need for an external base station hardwired in the patient's residence. These devices are expected to contribute to a broad extension of simple ECG tracking and constitute an innovative approach for cardiology patient involvement.

The rising prevalence of CVD is a crucial factor responsible for market growth. According to the American Heart Association (AHA), around 8, 36,546 people die annually from CVD in the U.S, and nearly 92.1 million Americans suffer from some cardiovascular disease. According to the CDC's statistics, around 2.7-6.1 million individuals in the U.S. have Atrial Fibrillation.

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The Major Prominent Players Covered in this Report:
Abbott Laboratories
Medtronic plc
G.E. Healthcare
BioTelemetry, Inc.
Applied Cardiac Systems, Inc.
Alive Cor, Inc.
Nihon Kohden Corporation
Fukuda Denshi Co. Ltd.
Spacelabs Healthcare

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Cardiac Arrhythmia Monitoring Devices in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Cardiac Arrhythmia Monitoring Devices market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Cardiac Arrhythmia Monitoring Devices and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Cardiac Arrhythmia Monitoring Devices. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Recent Developments
In January 2020, Biotro launched a new injectable cardiac monitor, BIOMONITOR III. This device enables the detection of irregular heart rhythms.

In May 2019, Abbott launched a next-generation heart monitor for cardiac arrhythmia detection in U.S. and Europe.

Key Questions Answered in The Report:
What will the Cardiac Arrhythmia Monitoring Devices market growth rate?
What are the key factors driving the global Cardiac Arrhythmia Monitoring Devices market?
Who are the key manufacturers in the Cardiac Arrhythmia Monitoring Devices market space?
What are the market opportunities, market risk, and market overview of the Cardiac Arrhythmia Monitoring Devices market?
What are sales, revenue, and price analysis of top manufacturers of the Cardiac Arrhythmia Monitoring Devices market?
Who are the distributors, traders, and dealers of the Cardiac Arrhythmia Monitoring Devices market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Cardiac Arrhythmia Monitoring Devices Industry?
What are sales, revenue, and price analysis by regions of Cardiac Arrhythmia Monitoring Devices industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Cardiac Arrhythmia Monitoring Devices Market Trends:
- The report identifies, determines, and forecasts the Global Cardiac Arrhythmia Monitoring Devices Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Cardiac Arrhythmia Monitoring Devices Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contri bution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Cardiac Arrhythmia Monitoring Devices Market.

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