Presently, one person out of every 10 people in the world suffers from heart-related issue such as coronary heart disease, angina, high and low blood pressure, heart attack, cardiac arrest, arrhythmia, and valve blockage.
Ambulatory Cardiac Monitoring Devices Market: Introduction
Presently, one person out of every 10 people in the world suffers from heart-related issue such as coronary heart disease, angina (Poor blood flow through blood vessels of the heart), high and low blood pressure, heart attack, cardiac arrest, arrhythmia (irregular rhythms of heart), and valve blockage.
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An efficient and commonly used technique for the detection and monitoring of heart activities, such as cardiac rhythm, regular heartbeat, cardiac dysfunctions and cardiovascular disease (CVDs), is ambulatory cardiac monitoring. This technique involves the use of small, portable electrocardiograph machines to measure the heart's rhythm.
Analysis of the rhythms of the heart can lead to the detection of the type of abnormality or disease such as arterial wall stress due to presence of cholesterol that can lead to cardiovascular diseases. Each type of monitor has unique features related to the length of recording time and the ability to send recordings over the phone.
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Cardiac monitoring is also important in the management of heart attacks, amount of cardiac output, and for monitoring of sepsis patients. Ambulatory cardiac monitoring devices are also employed to detect, remove, and prevent mycoplasma contamination in cell culture, making them suitable for use in research institutions and organizations.
Key Drivers and Restraints of Global Ambulatory Cardiac Monitoring Devices Market
Increase in the number of heart diseases and their frequency of recurrence, especially in geriatric people who are susceptible to heart diseases, lifestyle changes such as excessive liquor consumption and smoking, technological advancements with the development of newer technologies in cardiac monitoring with improved efficacy, and product launches are key factors driving the ambulatory cardiac monitoring devices market.
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Rise in approvals and clearances for ambulatory cardiac monitoring devices by government organizations, such as the FDA, and large investments in R&D activities are also major factors that propel the global ambulatory cardiac monitoring devices market
High cost associated with monitoring devices and stringent regulatory procedures for approval of these devices are likely to restrain the ambulatory cardiac monitoring devices market during the forecast period
ECG Segment to Dominate Global Ambulatory Cardiac Monitoring Devices Market
Based on product type, the global ambulatory cardiac monitoring devices market can be divided into ECG, implantable loop recorders, mobile cardiac telemetry, echocardiogram, event monitors, and others. The ECG segment can be further bifurcated into resting ECG, stress ECG, and Holter monitors. The event monitors segment can further be classified into pre symptom loop and post symptom loop.
The ECG segment dominated the global ambulatory cardiac monitoring devices market. Demand for ECG devices among patients suffering from heart issues is prompting the commercialization of novel products. Furthermore, technological advancements with new innovations in several devices and government initiatives are some factors that are expected to further boost the cardiac monitoring devices market in the next few years.
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Hospitals Segment held Prominent Share of Market
Based on end-user, the global ambulatory cardiac monitoring devices market can be divided into hospitals, clinics, ambulatory surgical centers, home healthcare, and others
The hospitals segment accounted for a prominent share of the global cardiac monitoring devices market. The large share held by the segment can be attributed to an increase in the number of patients visiting to hospitals for treatment, rise in number of CVDs, and increase in the number of cardiac implant procedures.
North America to Dominate Global Ambulatory Cardiac Monitoring Devices Market
In terms of region, the global ambulatory cardiac monitoring devices market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America held a notable share of the global ambulatory cardiac monitoring devices market, followed by Europe. Increase in number of patients suffering from heart issues such as CVDs, arrhythmia, cardiac arrest, attacks, valve blockage and their rate of recurrence and large investments in the cardiac monitoring sector is a major factor boosting the market in the region.
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Key Manufacturers Operating in Market
Key manufacturers operating in the global market are:
- Stryker Corporation
- Schiller
- Medtronic
- Abbott
- Boston Scientific Corporation
- Koninklijke Philips N.V.
- Zoll Medical Corporation
- BIOTRONIK
- GE Healthcare
- Microport Scientific Corporation
- Hill-Rom Holdings
- Nihon Kohden Corporation
- Biotelemetry
- Spacelabs healthcare
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