TMCnet News
Cardiac Monitoring & Cardiac Rhythm Management Devices Market Worth $26.4 billion | MarketsandMarkets™CHICAGO, May 2, 2024 /PRNewswire/ -- Cardiac Monitoring & Cardiac Rhythm Management Devices Market in terms of revenue was estimated to be worth $21.3 billion in 2024 and is poised to reach $26.4 billion by 2029, growing at a CAGR of 4.3% from 2024 to 2029 according to a new report by MarketsandMarkets™.  Market is driven by factors such as rising in aging population as the global population ages, there is a higher incidence of cardiac conditions associated with aging, such as atrial fibrillation and heart failure. On the other hand, Cost Constraints is expected to limit market growth to a certain extent in the coming years. As High upfront costs associated with cardiac monitoring and rhythm management devices may limit adoption, particularly in resource-constrained healthcare settings or for patients without adequate insurance coverage. Likewise, Continued advancements in technology offer opportunities for the development of more sophisticated and effective cardiac monitoring and rhythm management devices. Innovations such as miniaturization, wireless connectivity, artificial intelligence (AI), and remote monitoring capabilities can improve device performance, patient outcomes, and user experience. However, availability of lack of practiced professionals is anticipated to hinder market development. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55 Browse in-depth TOC on "Cardiac Monitoring & Cardiac Rhythm Management Devices Market" 424 - Tables Cardiac Monitoring & Cardiac Rhythm Management Devices Market Scope:
Resting ECG in ECG type segment to witness the highest shares during the forecast period." Based on the type, the global cardiac monitoring & cardiac rhythm management devices market is segmented into Resting ECG Devices, Stress ECG Devices, Holter Monitors, Smart ECG Monitors, Event Monitors. The Resting ECG Devices is expected to dominate because of its wider application. Resting ECG is the most commonly performed type of ECG test and is widely used in clinical practice for routine cardiac screening, diagnosis, and monitoring. It is a non-invasive, cost-effective, and readily available diagnostic tool that can be performed quickly and easily in various healthcare settings. Similarly, Resting ECG is accessible to a wide range of healthcare providers, including primary care physicians, cardiologists, emergency department staff, and allied healthcare professionals. The simplicity and affordability of resting ECG make it accessible to patients in various healthcare settings, including hospitals, clinics, and ambulatory care facilities. US dominates the North American cardiac monitoring & cardiac rhythm management devices Market Based on the North America region, the cardiac monitoring & cardiac rhythm management devices Market is divided into US and Canada. US is expected to dominate the cardiac monitoring & cardiac rhythm management devices Market. The United States has a highly advanced and sophisticated healthcare infrastructure, including research facilities, laboratories, and healthcare institutions. This infrastructure supports the development, adoption, and implementation of advanced diagnostic screening such as cardiac. Similarly, The U.S. is a global hub for biomedical research and innovation. The presence of leading research institutions, academic centers, and biotechnology companies fosters a conducive environment for the development and validation of novel diagnostic as well as research of cardiac devices. Japan dominates the Asia Pacific cardiac monitoring & cardiac rhythm management devices Market The APAC Carrier Screening Market is segmented into Japan, China, India, and Rest of APAC. In 2023, Japan accounted for the largest share of the Asian cardiac monitoring & cardiac rhythm management devices Market. The large share of Japan can be attributed to the presence of Advanced Healthcare Infrastructure, as Japan boasts a highly advanced healthcare infrastructure with modern medical facilities, state-of-the-art equipment, and well-trained healthcare professionals. The country's advanced healthcare system enables the adoption of cutting-edge cardiac monitoring and rhythm management technologies similarly, Japan has one of the oldest populations globally, with a large proportion of elderly individuals who are at increased risk of developing cardiovascular diseases. Moreover, Japan has a relatively high level of healthcare expenditure, with substantial investments in medical infrastructure, research and development, and healthcare services. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=55 Cardiac Monitoring & Cardiac Rhythm Management Devices Market Dynamics: Drivers:
Restraints:
Opportunities:
Challenge:
Key Market Players of Cardiac Monitoring & Cardiac Rhythm Management Devices Industry: The major players in the cardiac monitoring & cardiac rhythm management devices Market are Abbott Laboratories (US), Medtronic (Ireland), Boston Scientific Corporation (US), GE HealthCare (US), Koninklijke Philips N.V. (Netherlands), Asahi Kasei Corporation. (Japan), MicroPort Scientific Corporatio (China), Baxter. (US), NIHON KOHDEN CORPORATION.(Japan), BIOTRONIK (Germany) The primary interviews conducted for this report can be categorized as follows:
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=55 Recent Developments of Cardiac Monitoring & Cardiac Rhythm Management Devices Industry:
Cardiac Monitoring & Cardiac Rhythm Management Devices Market - Key Benefits of Buying the Report: This report studies the cardiac monitoring & cardiac rhythm management devices market based on Type, Application, Procedure, End User, and Region. The report also analyses factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micromarkets with respect to their growth trends, prospects, and contributions to the total cardiac monitoring & cardiac rhythm management devices market. The report forecasts the revenue of the market segments with respect to four major regions. The report provides insights on the following pointers:
Related Reports: Patient Monitoring Devices Market - Global Forecasts to 2029 Medical Equipment Maintenance Market - Global Forecasts to 2028 Defibrillator Market - Global Forecasts to 2028 Top 10 Medical Device Technologies Market - Global Forecasts to 2027 Disposable Medical Device Sensors Market - Global Forecasts to 2026 Get access to the latest updates on Cardiac Monitoring & Cardiac Rhythm Management Devices Companies and Cardiac Monitoring & Cardiac Rhythm Management Devices Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
|
View original content: