The majority of cardiovascular diseases could be managed if abnormalities in heart function were detected early. Continuous cardiac monitoring devices are used to monitor heart activity. Continuous heart monitoring is required to assess the condition of patients suffering from CVD. Cardiac monitoring devices record and display cardiovascular system pressure and electrical waveforms for measurement and treatment.
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Cardiovascular disease (CVD), such as stroke and heart disease, is the leading cause of death worldwide. According to the World Health Organization (WHO), heart disease was responsible for 30% of all deaths worldwide in 2008, accounting for 17.3 million people.
Continuous Cardiac Monitoring Devices Market: Drivers & Restraints
The revenue of the continuous cardiac monitoring devices market is expected to rise due to factors such as the rising burden of cardiovascular diseases due to changes in lifestyle, rising patient awareness about regular heart monitoring to increase life expectancy, and the ease of use and portability of devices.
The growing demand for home-based and remote cardiac monitoring systems is expected to have a significant impact on the market for continuous cardiac monitoring devices. Additional factors such as favourable government initiatives, increased availability of technologically advanced products, particularly in developed regions, increased contribution of independent organisations to spread awareness, and rising obesity prevalence are expected to favour the continuous cardiac monitoring devices market during the forecast period.
High device costs, low accuracy of invasive cardiac monitoring devices, and unstable reimbursement policies are just a few of the factors that could slow the market. Aside from these factors, the scarcity of technologically advanced products in developing regions is expected to stifle revenue growth in the global continuous cardiac monitoring devices market during the forecast period.
Continuous Cardiac Monitoring Devices Market: OverviewThe market for continuous cardiac monitoring devices is expected to expand at a rapid pace across all regions. Major players in this segment are improving their research and development processes in order to create superior products and expand their product portfolio.
The global prevalence of cardiovascular diseases is increasing due to the large number of elderly people suffering from cardiac ailments. Furthermore, the prevalence of obesity is rising globally. The ease of diagnosis provided by cardiac monitoring devices, as a result of the wide range of products available on the market, is attracting an increasing number of patients, which is expected to drive revenue growth in the global continuous cardiac monitoring devices market.
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Continuous Cardiac Monitoring Devices Market: Region-wise Outlook
The market for continuous cardiac monitoring devices has been segmented geographically into seven key regions: North America, Eastern Europe, Western Europe, Japan, Latin America, Asia-Pacific excluding Japan, and the Middle East and Africa.
North America is expected to contribute significantly to revenue generation for continuous cardiac monitoring devices. Advances in product development and high R&D spending in Western Europe contribute to the growth of the continuous cardiac monitoring devices market.
With rising health-care standards and increased awareness of treatments in India and China, the market for continuous cardiac monitoring devices in the Asia Pacific region is expected to grow.
Continuous Cardiac Monitoring Devices Market: Key Players
Boston Scientific Corporation, GE Healthcare, PULSION Medical Systems, Edwards Lifesciences Corporation, Deltex Medical, and LiDCO Group plc are some of the market participants for continuous cardiac monitoring devices.
The research report provides an in-depth analysis of the market and includes thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections based on an appropriate set of assumptions and methodologies.
The research report categorises analysis and information into market segments, geographies, types, technology, and applications.
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Continuous Cardiac Monitoring Devices Market: Segmentation
Continuous cardiac monitoring devices market is classified on the basis of product type, modality, end user and region
Based on product type, the continuous cardiac monitoring devices market is segmented into the following:
- ECG Devices
- Resting ECG
- Stress ECG
- Holter Monitor Devices
- Implantable Loop Recorder
- Cardiac Output Monitoring Devices
- Minimally Invasive COM Devices
- Noninvasive COM Devices
- Event Monitors
Based on modality, the continuous cardiac monitoring devices market is segmented into the following:
Based on end user, the continuous cardiac monitoring devices market is segmented into the following:
- Ambulatory Surgical Centers
- Cardiology Clinics
- Home Care Settings