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Remote Cardiac Monitoring Market Analysis and Opportunity Assessment Up To 2028

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Arianna Huffington
Remote Cardiac Monitoring Market Analysis and Opportunity Assessment Up To 2028

According to our latest research study on “The global Remote Cardiac Monitoring Market Forecast to 2028 – COVID-19 Impact and Global Analysis – Product Type and End User,” the market is projected to reach US$ 31,671.69 million by 2028 from US$ 4,976.40 million in 2021; it is estimated to grow at a CAGR of 30.3% from 2021 to 2028. The report highlights trends prevailing in the market and factors governing growth of the market.

Remote cardiac monitoring devices enable a continuous monitoring of electrical activities of heart away from hospitals. They also allow the at-home electrocardiographic (ECG) monitoring of patients with suspected cardiac arrhythmias or at risk for developing arrhythmias. The monitoring can also be performed when patients are engulfed in their day-to-day activities. Thus, one of the most important benefits of remote cardiac device monitoring is it decreases the need for routine doctor visits. Devices such as pacemakers and implantable cardioverter-defibrillator are implanted in the heart of the patients through minimally invasive procedures. A transmitter that works in sync with the device undertakes the transmission of data. Factors such as increase in the incidence of cardiovascular diseases (CVDs) and continuous developments in the telemedicine approach boost the growth of the remote cardiac monitoring market. However, the concerns regarding data privacy hamper the market growth.

Based on end user, the remote cardiac monitoring market is further segmented into hospitals and clinics, emergency settings, homecare settings, and others. The hospitals and clinics segment would lead the market in 2021, with a share of 37.60%, and it is expected to retain its dominance during the forecast period, accounting for 38.74% of the total market by 2028. The market growth of this segment is attributed to surge in the advanced options of diagnostics and treatments, growing government funding for hospitals, and rising hospitalization of patients, in addition to the elevating prevalence of CVDs and the rising number of hospitals across the world.

OSI Systems, Inc.; GE Healthcare; Biotronik Se; Nihon Kohden Corporation; Abbott Laboratories; Boston Scientific Corporation; Koninklijke Philips N.V.; Honeywell International, Inc.; and AMC Health are among the leading companies operating in the remote cardiac monitoring market.

Remote cardiac monitoring is the constant monitoring of electrical activities of the heart, which practices place outside hospitals. The monitoring can also be performed while the patient is doing the day-to-day activities. Devices like pacemakers and implantable cardioverter-defibrillator are placed with the patient through minimally invasive procedures. The transmission of data takes place within a transmitter that works in sync with the device. Remote cardiac monitoring technologies allow home electrocardiographic (ECG) monitoring of patients with suspected cardiac arrhythmias or at risk for developing arrhythmias. One of the most important benefits of remote cardiac device monitoring is that it cuts down on routine doctor visits. Without remote monitoring, patients visited the doctor every three to six months (depending on device type) for a data download. With remote monitoring, the number of visits have dropped to one to two per year. Remote cardiac device monitoring is a fantastic way to follow patients and it has always been important, but it’s especially important in this era of COVID-19.

Get a Sample Copy of the Report@ https://www.theinsightpartners.com/sample/TIPRE00024441/

The gait rehabilitation system market majorly consists of the players such as OSI Systems, Inc., GE Healthcare, Biotronik Se, Nihon Kohden Corporation, Abbott Laboratories, Boston Scientific Corporation, Koninklijke Philips N.V., Honeywell International, Inc. and AMC Health amongst others. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have adopted several inorganic and organic strategies to accelerate their growth and improve their market position.

The report segments global Remote Cardiac Monitoring market as follows:

The remote cardiac monitoring market is segmented on the basis of product type and end user. Based on product type, the market is further segmented into devices, software and services. Based on end user, the market is segmented into hospitals and clinics, emergency settings, homecare settings, and others.

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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Technology, Media, and Telecommunication.

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Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, technology, products, and services etc., which helps our clients to gain a deeper analytical understanding of various research topics.

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