The cardiac conduction system is a group of specialized cardiac muscle cells in the walls of the heart that send signals to the muscles of the heart, causing them to contract.
Heart Electrical Conduction Monitoring Market: Introduction
The cardiac conduction system is a group of specialized cardiac muscle cells in the walls of the heart that send signals to the muscles of the heart, causing them to contract. The main components of the cardiac conduction system are the SA node, AV node, bundle of His, bundle branches, and Purkinje fibers.
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Key Drivers and Opportunities of Global Heart Electrical Conduction Monitoring Market
- Cardiovascular diseases (CVD) is a leading cause of death across the world. Rising urbanization/ and industrialization has led to a change of lifestyle, which has steadily increased the incidence of cardiovascular diseases globally and consequently, fueled the heart electrical conduction monitoring market. For instance, according to the Centers for Disease Control and Prevention, nearly 610,000 deaths occur due to CVD in the U.S. each year and 735,000 people suffer a heart attack. According to the World Health Organization data, globally, heart attacks and strokes account for 17.9 million deaths every year. According to the Centers for Diseases Control and Prevention, heart diseases is the leading cause of death and approximately 630,000 people in the U.S. succumb to the disease each year.
- Government and private organizations are engaged in increasing awareness regarding cardiovascular diseases, which is likely fuel the market
- Rise in availability of advanced treatment options and specialty care services boosts the life expectancy rates across the world and consequently, propels the geriatric population, globally. Geriatric patients are highly susceptible to cardiovascular diseases due to a change in heart and blood vessels function, which may lead to cardiovascular diseases. Thus, a surge in geriatric population is a key factor driving the market. For instance, an article published in the Journal of Cardiovascular Development & Disease indicated that the incidence of cardiovascular disease is higher in the U.S. in people above 80 at ~86%, as compared to ~40% in people aged between 40 and 59.
- Developing countries in regions such as Asia Pacific, Middle East & Arica, and Latin America offer significant opportunities for the market. Vast patient pool coupled with geriatric population, unmet medical needs, and untapped nature of the market are major factors that offer significant opportunities for the market.
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North America to Capture Major Share of Global Heart Electrical Conduction Monitoring Market
- North America is expected to account for a major share of the global heart electrical conduction monitoring market due to the high prevalence of cardiovascular diseases among the population. Moreover, early adoption of technological advaced products is likely augment the market.
- The heart electrical conduction monitoring market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to significant investments toward modernization of health care infrastructure, which is likely to increase access to healthcare. This, in turn, is estimated to increase the demand for the heart electrical conduction monitoring products and thereby drive the market.
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Key Players Operating in Global Heart Electrical Conduction Monitoring Market
The global heart electrical conduction monitoring market is highly concentrated due to the presence of key players. A large number of manufacturers hold a major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global heart electrical conduction monitoring market.
Major players operating in the global heart electrical conduction monitoring market are:
- Medtronic
- GE Healthcare
- Koninklijke Philips N.V
- Mindray Medical
- Personal MedSystems GmbH
- Welch Allyn
- Spacelabs Healthcare
- NIHON KOHDEN
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Global Heart Electrical Conduction Monitoring Market: Research Scope
Global Heart Electrical Conduction Monitoring Market, by Product
- Artificial Pacemaker
- ECG or EKG
- Others
Global Heart Electrical Conduction Monitoring Market, by Application
- Bradycardia
- Heart Rate
- Others
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