The Global Cardiac Arrhythmia Monitoring Devices Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
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Key Market Players:
ACSDiagnostics, AliveCor Inc, Abbott Laboratories, Biotronik, GE Healthcare, iRhythm Technologies Inc, Medi-Lynx, Medtronic PLC, Koninklijke Philips NV and Other
Key Market Trends
Holter Monitoring Devices is Expected to Dominate the Market
Holter monitoring devices are found dominating the market as these devices can be used for longer durations for diagnosing sporadic symptoms in suffering patients. They also offer faster and convenient monitoring to increase patient compliance and is also likely to enhance treatment outcome. Furthermore, there are several advancements taking place in the cardiac arrhythmia monitoring devices market and these advances are rapidly increasing, which in turn, is driving the cardiac arrhythmia monitoring devices market.
Common causes of abnormal heart rhythms (arrhythmias) or conditions that can lead to arrhythmias include congenital heart defects, Coronary artery disease, High blood pressure, and other types of cardiovascular diseases (CVD). As American Heart Association 2019 data, cardiovascular disease is the leading global cause of death, accounting for more than 17.6 million deaths per year in 2016, a number that is expected to grow to more than 23.6 million by 2030.
Hence, as the morality due to CVD increases, the prevalence of cardiac arrhythmia is also expected to increase. This will increase the demand for Holter monitoring devices, which will positively impact the market growth.
North America is Expected to Dominate the Cardiac Arrhythmia Monitoring Devices Market
The US cardiac arrhythmia monitoring devices market is estimated to witness growth, due to increasing adoption of advanced cardiovascular solutions and sophisticated healthcare infrastructure.
According to the American Heart Association (AHA), about 8,36,546 individuals die from cardiovascular diseases in the United States each year and nearly 92.1 million Americans are living with some form of a cardiovascular disease. As per the estimates of the CDC, around 2.7-6.1 million people in the United States have Atrial Fibrillation (Afib). These increasing number of individuals are found driving the overall market.
In the United States, Mobile Cardiac Outpatient Telemetry (MCOT) is witnessing a good adoption rate. With the need of further affordable solutions, GE healthcare has launched the portable MAC 800 ECG. In May 2019, AliveCor received the US FDA approval for KardiaMobile 6L, the first six-lead personal ECG device that uses a form factor to gather maximum information. This strategy has helped in expanding the company�s wireless devices market product portfolio.
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The market factors explained in the report:
Market Overview: It includes Cardiac Arrhythmia Monitoring Devices Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The Cardiac Arrhythmia Monitoring Devices Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the Cardiac Arrhythmia Monitoring Devices Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the Cardiac Arrhythmia Monitoring Devices Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global Cardiac Arrhythmia Monitoring Devices Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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