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Implantable Cardiac Monitor Market worth $947.11 million by 2030, growing at a CAGR of 7.13% - Exclusive Report by 360iResearch
Implantable Cardiac Monitor Market | 360iResearch
The Global Implantable Cardiac Monitor Market to grow from USD 584.70 million in 2023 to USD 947.11 million by 2030, at a CAGR of 7.13%.
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An implantable cardiac monitor (ICM) is a small, electronic device inserted under the skin to continuously monitor heart rhythms and detect irregularities. It is primarily used for patients experiencing unexplained episodes of fainting, palpitations, or detected arrhythmias that happen infrequently. The need for ICMs is driven by the prevalence of cardiovascular diseases, advancements in medical technology allowing for minimally invasive implant procedures, and an aging population that requires ongoing cardiac surveillance. Increased awareness and the adoption of remote patient monitoring technologies also propel the demand for ICMs. Key challenges facing the ICM devices include high costs associated with the device and its implantation, reimbursement issues, and potential complications such as infection or device displacement. The need for rigorous clinical evidence to support the effectiveness of ICM devices adds to the challenges. The development of more advanced data analytics and AI integration offers significant opportunities for the ICM adoption, enabling enhanced arrhythmia detection and predictive analytics. Additionally, opportunities arise from potential expansion in emerging markets and the ongoing innovations in device miniaturization and battery life improvement.
Market Segmentation & Coverage:
This research report categorizes the Implantable Cardiac Monitor Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Indication, market is studied across Atrial Fibrillation, Cardiac Arrhythmias, and Epilepsy & Unexplained Falls. The Atrial Fibrillation is projected to witness significant market share during forecast period.
Based on Application, market is studied across Atrial Fibrillation and Syncope. The Syncope is projected to witness significant market share during forecast period.
Based on End User, market is studied across Ambulatory Surgical Centers, Cardiac Centers & Clinics, and Hospitals. The Hospitals is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Implantable Cardiac Monitor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Implantable Cardiac Monitor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Implantable Cardiac Monitor Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Angel Medical Systems, Inc., BioTelemetry, Inc. by Koninklijke Philips N.V., BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Jarvik Heart, Inc., LivaNova PLC, Medicomp, Inc., Medtronic PLC, Oracle Corporation, Phoenix Heart Center by Steward Medical Group, Preventice Solutions, Inc., Scott Fetzer Company, Siemens AG, and Techindia Infoway Pvt Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Implantable Cardiac Monitor Market, by Indication
7. Implantable Cardiac Monitor Market, by Application
8. Implantable Cardiac Monitor Market, by End User
9. Americas Implantable Cardiac Monitor Market
10. Asia-Pacific Implantable Cardiac Monitor Market
11. Europe, Middle East & Africa Implantable Cardiac Monitor Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Implantable Cardiac Monitor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Implantable Cardiac Monitor Market?
3. What is the competitive strategic window for opportunities in the Implantable Cardiac Monitor Market?
4. What are the technology trends and regulatory frameworks in the Implantable Cardiac Monitor Market?
5. What is the market share of the leading vendors in the Implantable Cardiac Monitor Market?
6. What modes and strategic moves are considered suitable for entering the Implantable Cardiac Monitor Market?
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About 360iResearch
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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