Implantable Cardiac Monitor Market SizeAnd Forecast
According to Verified MarketResearch, the Global Implantable Cardiac Monitor Market is growing at a fasterpace with substantial growth rates over the last few years and is estimatedthat the market will grow significantly in the forecasted period i.e. 2020 to2027.
The Global Implantable CardiacMonitor Market report provides a holistic evaluation of the market for theforecast period. The report comprises various segments as well as an analysisof the trends and factors that are playing a substantial role in the market.These factors; the market dynamics involve the drivers, restraints, opportunities,and challenges through which the impact of these factors in the market isoutlined. The drivers and restraints are intrinsic factors whereasopportunities and challenges are extrinsic factors of the market. The GlobalImplantable Cardiac Monitor Market study provides an outlook on the developmentof the market in terms of revenue throughout the prognosis period.
What is Implantable Cardiac Monitor?
Implantable Cardiac Monitor (ICM)are the medical devices which are used to diagnose collect ECG data and diagnosethe symptoms for 24/7. These are usually employed for long duration monitoringof ECG data of heart rhythm for a period up to 3 years. These devices areimplanted by creating an incision near chest. It requires an incision less than1 cm and provides similar benefits to the conventional loop recorders, but itis 1/10th of the size of a loop recorder. Due to such miniature size, it is notmuch noticeable and feels more comfortable to the patient when implanted underthe skin. The ICM can be remotely monitored with the help of a receiver and thedata is transmitted wirelessly. The long-term data collected providesinformation which can help in providing accurate diagnostic by understandingabnormal ECG spikes that occurs for even short time. It helps in developing acustom treatment plan to improve the effectiveness of the treatment byprescribing the right medications.
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Global Implantable Cardiac MonitorMarket Outlook
In the report, the market outlooksection mainly encompasses fundamental dynamics of the market which includedrivers, restraints, opportunities and challenges faced by the industry.Drivers and restraints are intrinsic factors whereas opportunities andchallenges are extrinsic factors of the market.
Cardiac arrhythmia is a medicalcondition in which the patient suffers through irregular heartbeats either tooslowly or too quickly. Depending upon the rate of heartbeat it is further knownas bradycardia, tachycardia and fibrillation for slow, fast and irregular heartbeat respectively. These diseases are becoming more prevalent due to multiplefactors including high blood pressure, hypertension, smoking, tobaccoconsumption, diabetes etc. These are the effect of a sedentary lifestyle whichis on the rise with the consumption of high calorie and high cholesterol foodswith the increasing urbanization. Moreover, the rise in ageing population hasalso contributed to the growing prevalence of these diseases as with reducedimmunity, they are more prone to attain these disorders. Conventional ECGmachines wherein the patient is diagnosed for symptoms for a limited period oftime may not be capable of showing the irregularity in the heartbeats that areintermittent and which might occur due to some triggering factors. Due to this,implantable cardiac monitoring devices are used to monitor and collect the ECGdata 24/7 to help in proper diagnosis of the symptoms and increasedeffectiveness of treatment. The advancement in the healthcare sector with theintroduction of technological developments have increased the adoption rate ofnewer equipments and procedures to treat and monitor medical conditions thatwere not treatable earlier. The growing awareness among people to undertakepreventive actions for health and growing investment in healthcare sectorcoupled with the increasing need of minimal invasive procedures, have fueledthe demand of cardiac monitoring devices and helped the market to flourish.
Although, high price of the monitoring devices as compared to theconventional methods coupled with stringent norms for approval of implanteddevices has hampered the growth of the market.
Verified Market Research narrows down the available data using primary sourcesto validate the data and use it in compiling a full-fledged market researchstudy. The report contains a quantitative and qualitative estimation of marketelements which interests the client. The “Global Implantable Cardiac MonitorMarket” is mainly bifurcated into sub-segments which can provide a classifieddata regarding latest trends in the market.
Global Implantable Cardiac MonitorMarket Competitive Landscape
The “Global Implantable CardiacMonitor Market” study report will provide a valuable insight with an emphasison global market including some of the major players such as EdwardsLifescience Corporation, Nihon Kohden Corporation, Abbott Laboratories, GeneralElectric Company, Koninklijke Philips N.V., Biotronik SE & Co. KG, BostonScientific Corporation, LivaNova PLC, Medtronic plc, Phoenix Heart Center. Ourmarket analysis also entails a section solely dedicated for such major playerswherein our analysts provide an insight to the financial statements of all themajor players, along with its product benchmarking and SWOT analysis. Thecompetitive landscape section also includes key development strategies, marketshare and market ranking analysis of the above-mentioned players globally.
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Implantable Cardiac Monitor Market, By Indication Type
• Cardiac Arrhythmias
• Atrial Fibrillation
• Epilepsy & Unexplained falls
Implantable Cardiac Monitor Market, By End User
• Hospitals
• Ambulatory Surgical Centers
• Cardiac Center & Clinics
Implantable Cardiac Monitor Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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