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Cardiac Monitoring & Cardiac Rhythm Management Market By Product and Service, By Application, By End User and Region: Global Industry Analysis, Share, Opportunity, Competition and Forecast 2022 to 2027

01-06-2022 05:57 AM CET | Health & Medicine

Press release from: Market Insights Reports

The Cardiac Monitoring & Cardiac Rhythm Management Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Cardiac Monitoring & Cardiac Rhythm Management market growth.

The Global Cardiac Monitoring & Cardiac Rhythm Management Market Size is Projected to Reach at a CAGR of 4% during 2022-2027.

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Market Overview:

The increasing instance of cardiovascular disorders is one of the foremost factors driving the cardiac rhythm management devices market. According to the World Health Organization (WHO), globally, cardiovascular diseases account for more than 30% of deaths. Also, nearly 33.5 million people, globally, are suffering from atrial fibrillation (AFib), which is the most common type of serious arrhythmia. With the rise in the ageing population in America and Europe, a number of patients suffering from heart rhythm disorders are likely to witness an increase and this is a cause for concern, However, the therapeutic radiation used in cancer treatment can influence the operation of a patient with implantable cardiac rhythm devices. The implantable device technology uses complementary metal-oxide-semiconductor (CMOS) which are vulnerable to damage by the therapeutic doses of radiation, but it can vary according to the type of device in use. 

Top Leading Companies:

WIKKON, HYDE, Siemens, Sody, Haibin, Comermy, Dornier, Richard-Wolf, MTS, DirexGroup, EDAP TM, Storz, Medispec, ELMED, EMD, Allengers

Recent Development:

Siemens has acquired 54 companies, including 16 in the last 5 years. A total of 19 acquisitions came from private equity firms. It has also divested 22 assets. Siemens’ largest acquisition to date was in 2015 when it acquired Dresser-Rand Group for $7.8B. Its largest disclosed sale occurred in 2014 when it sold Sivantos Group to EQT Holdings AB for $2.4B. Siemens has acquired in 12 different US states, and 12 countries. The Company’s most targeted sectors include software (46%) and information technology (9%).
Allengers Medical Systems Limited manufactures and supplies diagnostic medical equipment. The company provides mobile digital radiography systems; and software applications, such as hospital management systems, and picture archiving and communications systems. Its medical equipment is used in the fields of radiology, cardiology, orthopaedics, gastroenterology, neurology, and urology. 

Cardiac Monitoring & Cardiac Rhythm Management Market Segmentation by Type:

Electrocardiogram (ECG) Devices
Implantable Loop Recorders (ILR)
Cardiac Output Monitoring (COM) Devices
Event Monitors
Pacemakers
Cardiac Resynchronization Therapy (CRT) Devices
Defibrillator
External Defibrillator
Ventricular Assist Devices (VADs)

Cardiac Monitoring & Cardiac Rhythm Management Market Segmentation by Application:

Hospitals & Clinics
Home Settings
Ambulatory Surgical Centers (ASCs)

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North America Dominates the Market and is Expected to do Same in the Forecast Period

North America is expected to have the largest market share for cardiac rhythm management, due to the developed healthcare infrastructure, government initiatives, and rising incidence of arrhythmias demanding more cardiac implants.  According to a report by the US CDC, more than 75,000 hospitalizations are attributed to atrial fibrillation. Also, it is highlighted that a large part of the American population suffers from atrial fibrillation. Therefore, it is expected to rise further in the forecast period. Asia-Pacific is another region with high potential for this market, due to the rising healthcare expenditure by the government, the increasing prevalence of cardiac disorders, and the growing per capita income of the population in the South Asian countries.

Regional Cardiac Monitoring & Cardiac Rhythm Management Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Cardiac Monitoring & Cardiac Rhythm Management Market Report:

Detailed overview of Cardiac Monitoring & Cardiac Rhythm Management Market
Changing the Cardiac Monitoring & Cardiac Rhythm Management market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Cardiac Monitoring & Cardiac Rhythm Management market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Cardiac Monitoring & Cardiac Rhythm Management Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Cardiac Monitoring & Cardiac Rhythm Management Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Cardiac Monitoring & Cardiac Rhythm Management industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

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Irfan Tamboli (Head of Sales) – Market Intelligence information

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