Cardiac Event Monitor Markets: Market Shares, Strategies, and Forecasts, 2017 to 2023

"The Report Cardiac Event Monitor Markets: Market Shares, Strategies, and Forecasts, 2017 to 2023 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

Description
Growth is based on implementation of devices that measure cardiac function over a period of a month, provide analytics within the device, and send alerts to a physician.
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Consideration of cardiac event recorder forecasts indicate that markets at $1.1 billion in 2016 will reach $4.8 billion by 2023. Growth comes as this technology is able to support the greater emphasis that is being put on early diagnosis and prevention of disease by the medical community as a whole. Heart disease has been the number one killer of people, creating a need for more proactive and ongoing diagnosis made possible by increased use of the remote units extending medical care from the acute care setting to everyday modalities.
Digitalization of healthcare is shifting value from devices per se to software and services. Physicians are looking for new ways to proactively monitor and manage patient health. The challenges of delivering patient cardiac care can only be met through new, more integrated forms of care delivery across the health continuum, with a shift away from a focus on acute care and late-stage interventions to continuing care delivery that is appropriate to the circumstance.
“In an increasingly connected world, the convergence of vital signs technologies with cardiac event monitoring technologies is able to facilitate healthy living. This fits very well with cardiac equipment vendor core strengths in professional healthcare and in consumer health and well-being.”
Disruptive technologies, disruptive services offerings change cardiac event recorder markets, clinicians are leveraging technology to save lives.
A cardiac event recorder is a battery-powered portable miniature device. Devices record heart's electrical activity (ECG) to detect presence of symptoms. Event recorders can be a loop memory monitor and a symptom event monitor with newer devices containing internal analytics and the ability to notify a physician directly if an event is detected. Cardiac event ambulatory monitors can detect arrhythmias and get people to treatment faster before it is too late. Units are useful in the fight to correct congestive heart failure even after it has been initiated.
Shortness of breath is a common symptom of cardiac disease. It is frequently misdiagnosed as a respiratory symptom or ignored by patients and is not even considered a symptom. Detection of heart disease is supported with the newer cardiac event recorders. Early treatment is essential and the technology is a vital aid in providing that treatment.
Other, newer technologies are emerging. A vital signs patch supports continuous, non-invasive monitoring of EKG, Heart Rate, respiration rate, surface temperature, and arterial blood oxygen saturation. The device is an easy-to-use sensor worn on a patient’s upper chest. It is intended to be used on adult patients in a clinical environment.
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The intended use group is adults 21 and above. Units are prescribed by a physician or other qualified healthcare professional. Upon activation and connectivity to the supporting system, the VSP provides automation and alerts of key vital signs via continuous wireless monitoring.
Considerable interest and effort has been put into patch-based devices aimed at improving convenience for the patient and achieving better compliance. MCT 1-lead patches have been developed. Medtronic’s SEEQ device is such a unit.
BioTelemetry’s CardioNet MCOT and Preventice BodyGuardian Heart have devices. The newer patch based devices rely on MCT technology, iRhythm, a US-based AECG specialist, is selling a somewhat differentiated patch, Zio XT. Similar to Holter monitoring, the device can record arrhythmias.
It can record 10 days of continuous data, which is retrieved after completion of the monitoring, ie not live transmission like in MCT. Cardiologists would hardly be able to handle such large amounts of data, therefore iRhythm has developed proprietary algorithms, which provide summary reports.
Cardiac event monitor market forecasts, event recorder device, MCT device, and implantable recorders are charged for as services when the units are provided to patients in this manner. Insurance reimbursement is many times a more favorable way to collect money from a service. The implantable segment of the overall cardiac event recording market goes from 58% of the total to 80% of the total. It implantable devices are far more reliable and accurate than the electronic external devices.
Companies Profiled
Market Leaders
Biotelemetry / Cardionet / Mednet
Preventice Solutions / eCardio
Applied Cardiac Systems
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Market Participants
AliveCor
Applied Cardiac Systems
AT&T
Biomedical Systems
Biotronik
BioTelemetry
Biomedical Systems
CardGuard
Lifewatch / CardGuard
General Electric (GE)
iRhythm / Zio
LifeLine Medical
Medicomp
Medtronic
Nuvasive
OSI Systems
Philips
Preventice Solutions
QRS Diagnostic
Reka
Samsung
Scott Fetzer
VivaLnk
VRI
Windstream
Table of Contents
Cardiac Event Monitors Executive Summary 23
Cardiac Event Recording Market Driving Forces 23
Cardiac MCT Recorder, Event Recorder, and Implantable Recorder Market Shares 26
Cardiac Event Monitor, MCT Monitor, and Implantable Event Monitor Market Forecasts, Patients and Dollars, Worldwide 28
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1. Cardiac Event Monitors Market Description and Market Dynamics 30
1.1 Cardiac Event Monitoring 30
1.1.1 Cardiac Arrhythmia Definitions 31
1.1.2 Atrial Fibrillation 31
1.1.3 Ventricular Tachycardia. 32
1.1.4 Syncope 32
1.1.5 Traditional Arrhythmia Monitoring Technologies 32
1.2 Cardiac Event Monitors 33
1.2.1 Manual-Trigger Loop Event Monitors 34
1.2.2 Cardiac Event Recorders 35
1.2.1 Event Monitoring 36
1.2.2 Event Recorder 37
1.2.3 Implantable Loop Recorders 38
1.2.4 Selection of the Most Appropriate Cardiac Event Recorder Method 39
1.3 Remote Monitoring as Standard of Care 40
1.3.1 Telemonitoring Systems Premise 41
1.3.2 Sedentary Get Exercise And Heart Failure Patients Pay Attention To Swelling In Their Feet, Ankles Or Legs 42
1.3.3 Telemonitoring Systems Improve Home Health Care 43
1.3.4 Vital Signs And Health Status Are Measured Daily 44
1.3.5 Telemonitoring at Home 44
1.4 Telemedicine 45
1.4.1 Nursing Stations 45
1.4.2 Telemedicine Services 47
1.4.3 Service Provider Adoption of Tele-Monitoring 48
1.4.4 Telemedicine Delivery Mechanisms 50
1.4.5 Telemedicine Point-To-Point Connections 51
1.4.6 High Definition Video Communication 52
1.4.7 Federal Funding for Telemedicine 56
1.4.8 US Telemedicine Medicare – 56
1.4.9 US Veterans Health Administration (VA) Use of Telemonitoring 57
1.4.10 Telemonitoring Demonstrates Positive Results In Improving Health Care And Reducing Costs Of Veterans 58
1.4.11 US VA Tele-monitoring Targeted Innovation: 60
1.5 Government Regulation of Medical Devices 62
1.5.1 Ongoing Responsibilities Under FDA Regulations 64
1.5.2 Tele-Monitoring Third-Party Reimbursement 65
1.6 Health Information Privacy HIPAA Requirements 66
1.6.1 HIPAA Enforcement 73
1.6.2 OCR Responsible For Enforcing HIPAA Privacy and Security Rules 75
1.7 Partners Mass General Cardiologist Program for High Risk Heart Failure Patients 76
2. Cardiac Event Monitors Market Shares and Forecasts 78
2.1 Cardiac Event Recording Market Driving Forces 78
2.2 Cardiac MCT Recorder, Event Recorder, and Implantable Recorder Market Shares 81
2.2.1 Cardiac Event Monitor Equipment and Implantable Recorder Market Shares, Dollars, Worldwide, 2016 84
2.2.2 BioTelemetry 89
2.2.3 Preventice / eCardio Partners with Physicians 89
2.2.4 LifeWatch Cardiac Event Monitors 89
2.2.5 LifeWatch V, an Android-Based Smartphone Written Off 89
2.2.6 Biotelnet / CardioNet 90
2.2.7 CardioNet Monitoring 94
2.2.8 CardioNet Central Monitoring Station/Data Transmission Network 95
2.2.9 CardioNet Monitoring Physician Notification 95
2.2.10 CardioNet Monitoring Other Arrhythmia Monitoring Services 96
2.2.11 CardioNet Uses for MCOT™ Monitoring Platform 97
2.2.12 CardioNet Monitoring Advanced Technology 97
2.2.13 CardioNet Monitoring Wireless Data Transmission Network 98
2.2.14 Philips 99
2.2.15 iRhythm / Zio® Event Card 100
2.2.16 VRI 100
2.2.17 Reka 100
2.2.18 REKA E100 Received FDA Clearance 101
2.3 Cardiac Event Monitor, MCT Monitor, and Implantable Event Monitor Market Forecasts, Patients and Dollars, Worldwide 103
2.3.1 Cardiac Event Monitor Market Forecasts, Event Recorder Device, MCT Device, and Implantable Recorders Services Patients and Dollars, Worldwide, 2017-2023 108
2.4 Vital Signs Patch Monitoring Service 115
2.5 Holter Monitoring 117
2.6 US Veterans Administration (VA) Tele-Monitoring of Congestive Heart Failure (CHF)117
2.6.1 Congestive Heart Failure 118
2.6.2 Diabetes Chronic Illness Numbers 121
2.6.3 Incidence of Chronic Disease 122
2.6.4 Chronic Diseases Account For Two-Thirds Of Worldwide Healthcare Spending 125
2.6.5 Surgical Procedures::US and Worldwide 125
2.7 Total Number Of Surgical Procedures And Market Penetration of Surgical Robots 126
2.7.1 Clinical Staff / Patient Ratios: Physician Shortages 129
2.7.2 Telemonitoring Market Driving Forces 131
2.7.3 Measures of Tele Monitoring Effectiveness 132
2.7.4 Home Patient Monitoring Supports Patient Education 133
2.7.5 Wireless Telemonitoring Devices 133
2.7.6 Implantation of Patient-Activated Cardiac Event Recorder 135
2.7.7 Medical Conditions Treated by Cardiac Event Recorders 136
2.8 Telemedicine Market Driving Forces 137
2.9 Cardiac Event Recording Pricing 140
2.10 Cardiac Event Recorder Regional Market Segments 141

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