Arrhythmia Monitoring Devices Market Review
Market Research Future (MRFR) on global arrhythmia monitoring devices market reports that the market is expected to attain a CAGR 7.0% during the forecast period of 2018-2023.
Arrhythmia is characterized by the irregular rhythm of heartbeat. The fluctuation in the heartbeat is monitored by the arrhythmia monitoring devices. Tracking heart rhythm in arrythmia patients can assist medical professionals in pre-detection of serious threats. The outstanding benefit of the monitoring devices increasing adoption of arrythmia monitoring devices in several healthcare organizations. This in turn is increasing the arrhythmia monitoring devices sales number. Technical advancements are supporting production of more efficient arrhythmia monitoring devices. These are the market dynamics which are anticipated to foment the global arrhythmia monitoring device market.
Arrhythmia Monitoring Devices Market Segmental Overview
The global arrhythmia monitoring device market study is segmented into device type, service providers, application, and end use.
Implantable cardiac monitors, mobile cardiac telemetry devices, resting ECG devices, ECG stress test devices, Holter monitors, and others are the arrhythmia monitoring devices market segments, based on the devices type. The ECG and Holter monitor segments are likely to proliferate at an accelerated rate, thereby, contributing to arrhythmia monitoring market growth.
Mobile cardiac telemetry monitoring service providers, independent diagnostic testing facilities/clinics, and others are the market segments, based on the service providers. The emergence of ingenious mobile software that allows connectivity of arrhythmia patients to healthcare professionals is one of the factors expected to boost the service providers segment of the market in the nearing years.
Bradycardia, tachycardia, atrial fibrillation, ventricular fibrillation, premature contraction, conduction disorders, and others are the arrhythmia monitoring devices market segments, based on the application. Owing to the complications associated with the atrial fibrillation several initiatives are being taken like launch of new atrial fibrallation clinic by UNC AFib Care Network in 2018. An upsurge in the atrial fibrillation segment is predicted during 2018-2023.
Hospitals & clinics, ambulatory surgery centers, diagnostic centers, home care settings, long-term care centers, and emergency medical services are the market segments, based on end use.
Arrhythmia Monitoring Devices Market Demographic Insights
The North American region is expected to dominate the arrhythmia monitoring devices market in the upcoming years. Owing to the technical advancement in the US and Canada, they are anticipated to be the regional segments leading the market. Sedentary lifestyle and excessive smoking observed in majority of the North American population are instigating cardiac arrhythmia. This is creating scope for market players to invest in research and developmental activities for improving diagnostic techniques, hence, positively influencing the arrhythmia monitoring devices market in the region.
MRFR envisages Europe to grasp the massive market share during the forecast year of 2018-2023. Increase in cardiac morbidity in the region is triggering the need for designing effective diagnostic techniques and therapies. This is attracting huge investment for research and developmental activities, thereby, impel the arrhythmia monitoring devices market growth.
Prominent Companies
Cardiac Science Corporation, NUUBO Smart Solutions Technologies, Koninklijke Philips, GE Healthcare, Welch Allyn, Spacelabs Healthcare, Nihon Kohden Corporation, Fukuda Denshi, BioTelemetry, Inc, AliveCor, Inc, Biotronik, Medtronic, Abbott, Applied Cardiac Systems, Aurora Resurgence, iRhythm Technologies, Inc, Medi-Lynx Cardiac Monitoring, Preventive Solutions, Inc. are the important companies operating in the arrhythmia monitoring devices market as mentioned by MRFR.
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Arrhythmia Monitoring Devices Industry News
February 2019: A new ECG device named HeartCheck Cardi Beat, designed by CardioComm, received FDA clearance. CardioComm, provider of innovative software solutions that specialize in cardiovascular medicine information management system devised HeartCheck Cardi Beat.
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