A comprehensive, systematically structured research report titled “Cardiac Arrhythmia Monitoring Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” by Persistence Market Research enables the reader to chalk down strategies to progress with the changing pace of the global market scenario. The research report is backed up with a unique research methodology, which presents data and statistics with high precision. The global cardiac arrhythmia monitoring devices market research report covers an in-depth market segmentation which covers all angles of the market thus giving a 3600 view delivering necessary value addition from a strategic standpoint.
Benefit with a unique research process
The research carried out for analyzing the cardiac arrhythmia monitoring devices market follows an elite research methodology that increases the accuracy percentage by reducing the deviations to a great extent. The one of its kind research methodology follows a repetitive pattern wherein each data point of every single parameter of each and every segment is evaluated multiple times and a re-validation gives a finishing touch that offers high precision with reduced errors followed by a triangulation method that raises the aspect ratio of credibility. There is no room for miscalculations due to such a streamlined and structured research process. Managed by domain experts, the analysts have crafted the cardiac arrhythmia monitoring devices market research report in such a way that it can be easily understood owing to simple yet matchless report structure.
The comprehensiveness of the global cardiac arrhythmia monitoring devices market research report is due to a unique research process with which every angle present in every segment and sub-segment of the global market with respect to each sub region of all important geographies is covered, that gives a holistic touch to the research study.
The reader can get a broad idea regarding implementation of marketing strategies in order to achieve informed growth in the years to come. The geographical cover up includes intelligence on important landscapes of North America, Europe, Latin America, Asia-pacific and Middle East and Africa (MEA). Several aspects are analyzed which have an impact on the cardiac arrhythmia monitoring devices market growth along with the opportunities and threats that these regions portray. Moreover, the macroeconomic aspects, trends, drivers and challenges are also discussed in this research study.
Comprehensive analysis on key players
The global cardiac arrhythmia monitoring devices market research report dedicates an entire research chapter on competitive intelligence, which reflects key details of various tier companies involved in the market. The details such as company overview, product portfolio, SWOT analysis, key innovations and developments, key financial intelligence of these key players have been included in the research study.
According to Persistence Market Research, the global cardiac arrhythmia monitoring devices market is expected to grow at a robust rate and reach a significant market value by the end of the assessment period. The cardiac arrhythmia monitoring devices market has been witnessing an upward growth graph since past years. The global market for cardiac arrhythmia monitoring devices market is expected to grow at a stellar CAGR of 6.6% throughout the period of forecast. It is estimated to reflect a high valuation of above US$ 8500 Mn by the end of the year of assessment from a value a little above US$ 5 Bn in 2017. Factors pushing the growth of the global cardiac arrhythmia monitoring devices market include advancements in cardiac arrhythmia monitoring devices, favorable reimbursements for cardiac disorder treatment, increasing incidences of cardiovascular diseases, growing focus on containment of healthcare costs, increasing adoption rate of low cost ECG services among lower income group and favorable government policies for startup companies.
Trends such as increasing adoption and acceptance of cardiac telemetry monitors and services and increasing use of EMR systems pushing the adoption of ECG data management solutions in large integrated health systems have contributed towards the growth of the global market
Countries in the Asia pacific region, such as China and India, are the hotspots for investment opportunities because of higher growth rate of diagnosis, treatment and research activities, quality improvisations, increasing number of partnerships and healthcare modernization. To increase the revenue share, EGC monitoring device manufacturing companies are focusing on the development of advanced ECG monitoring devices such as, cardiac telemetry monitors and implantable cardiac monitors with advanced facilities, that will indirectly pump the demand of cardiac arrhythmia monitoring devices and also boost the services and software market over the forecast period. Increasing demand for high end, advanced ECG monitoring devices from end users, such as hospitals, ambulatory surgical centers, diagnostics centers, homecare settings and emergency medical services for better output and performance, will generate opportunities for launching of novel ECG monitoring devices in the market in the long run.
Use of ECG monitoring devices and services has skyrocketed over the past decade. ECG has penetrated into different departments owing to its extensive use in mobile cardiac outpatient telemetry and currently in data management for electronic medical records (EMR). The growing number of life threatening cardiac diseases has led to a threefold increase in the demand for ECG monitoring devices and services in hospitals and diagnostics laboratories with the necessary and advanced software services. The aforesaid factors will increase the demand for ECG monitoring devices, data management and services in large integrated healthcare systems.
Resting ECG devices to cement their dominance in the global cardiac arrhythmia monitoring devices market
Resting ECG device detects arrhythmias while the patient is in resting position. Resting ECG devices are mostly used at hospitals and cardiology clinics. Resting ECG devices segment in the product type category dominated the global market during 2012-2016 timeline and is likely to retain its status quo in the coming years. The resting ECG devices segment is estimated to reach a market valuation of more than US$ 2.8 Bn by the end of the year of assessment from a value of about US$ 2 Bn in 2017. The segment however reflects a comparatively slow pace and is expected to grow at a CAGR of 4.6% during the period of forecast.
Holter monitors and mobile cardiac telemetry monitors to grow at a similar rate during the forecast period
Holter monitor is a portable ECG device, which can be worn by the patient in order to record the patient’s heart activity continuously for a certain period. They are able to record data for longer periods and transfer the same to doctors for analysis. Cardiac telemetry monitoring devices monitor the electrical activity in your heart for an extended time. The device can detect, record and wirelessly transmit asymptomatic and symptomatic arrhythmia to a monitoring station for analysis. Holter monitors and mobile cardiac telemetry monitors segments in product type category are expected to reflect a similar growth rate throughout the period of forecast, 2017-2025. However, the mobile cardiac telemetry monitors segment is estimated to hold higher market share than holter monitor segment and is poised to reflect a value above US$ 1500 Mn by 2025 end.