Stratview Research has launched a new report, titled Cardiac Monitoring and Cardiac Rhythm Market, By Product (ECG Devices, Implantable Loop Recorders, Mobile Cardiac Telemetry Devices, Cardiac Output Monitoring Devices, Other), End-User (Hospitals, Home and Ambulatory Care, Other), and Region
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, The Cardiac Monitoring and Cardiac Rhythm market is projected to grow from USD 22.1 billion in 2020 to USD 27.9 billion by 2026 at a CAGR of around 4.1% during the forecast period. The growth of the cardiac monitoring and cardiac rhythm market is primarily driven by the rising number of people suffering from cardiovascular diseases. The increasing prevalence of chronic diseases owing to changing lifestyles and unhealthy eating habits is expected to propel market growth at a significant rate during the review period. Additionally, increasing spending on R&D activities to advance cardiac monitoring and cardiac rhythm devices is likely to create lucrative opportunities for the market players during the review period.
Market Segments’ Analysis
By end-user, the cardiac monitoring and cardiac rhythm market has been bifurcated into hospitals, homes, and ambulatory care, and others. Under these, the hospitals’ segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required healthcare infrastructure and skilled healthcare staff.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the prevalence of the large number of people suffering from cardiovascular diseases coupled with expanding geriatric populace and the presence of key market players such as Abiomed (US) and Boston Scientific Corporation (US). The market growth in the Asia-Pacific region is expected to be driven by rising incidences of cardiac arrest and heart failure.
The following are the key players in the Cardiac Monitoring and Cardiac Rhythm market-
- Abiomed (US)
- Berlin Heart GmbH (Germany)
- Biotronik (Germany)
- Boston Scientific Corporation (US)
- Cardiac Science Corporation (US)
- GE Healthcare (US)
- Jarvik Heart, Inc (US)
- Koninklijke Philips N.V. (Netherlands)
- LivaNova, PLC (UK)
- Medtronic plc (Ireland)
- Mortara Instrument (US)
- Nihon Kohden Corporation (Japan)
- Koninklijke Philips N.V. (Netherlands)
- ReliantHeart, Inc. (US)
- Schiller AG (Switzerland)
- St. Jude Medical, Inc. (US).
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Cardiac Monitoring and Cardiac Rhythm market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Cardiac Monitoring and Cardiac Rhythm market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2403/Cardiac-Monitoring-and-Cardiac-Rhythm-Market.html
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