Market Overview:
The global cardiac monitoring and cardiac rhythm market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in cardiac monitoring devices, and rising demand for home health care services. The global cardiac monitoring and cardiac rhythm market is segmented by type into holter monitors, ILR (implantable loop recorder), event monitors, ECG monitors, and other devices. The holter monitor segment is expected to account for the largest share of the global market in 2018. This segment is projected to grow at a CAGR of 5.9% from 2018 to 2030 due to the increasing demand for long-term ambulatory ECG monitoring solutions worldwide. The global cardiac monitoring and cardiac rhythm market is also segmented by application into hospitals, home health care services, ambulatory services, and others (including research institutes/laboratories). The hospitals segment accounted for the largest share of the global market in 2017 owing to increased use of these devices for diagnosis and treatment purposes in this setting.
Product Definition:
Cardiac monitoring is the continuous observation of a patient's cardiac rhythm. Cardiac rhythm is the pattern of electrical activity that controls the heart's pumping action. The importance of cardiac monitoring and cardiac rhythm is that they help to ensure that a patient's heart is functioning properly.
Holter Monitors:
The Holter monitors are used to record the electrical activity of the heart and help in diagnosing certain heart diseases. It is a diagnostic device that helps detect abnormal heartbeats or arrhythmias. The monitor consists of an implantable loop which is connected to electrodes placed on the skin overlying the chest, near the collarbone and another set of electrodes attached to an external recorder.
ILR (Implantable Loop Recorder):
An ILR is a small electronic device that is surgically placed inside the body to monitor and record heartbeats. It's major applications include atrial fibrillation, cardiac monitoring for athletes, and in-vitro diagnostics.
ILR Market By Product (Recorders & Displays), By Application (Atrial Fibrillation Diagnosis), And Segment Forecasts To 2024 -> The global implantable loop recorder market was valued at USD 648.
Application Insights:
The hospital segment dominated the global market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to factors such as a high prevalence of cardiac diseases, which require frequent monitoring, and increasing awareness among individuals regarding access to advanced healthcare facilities. Moreover, an increase in investments by governments for developing cardiac care units at hospitals is further driving growth. For instance, in June 2016, the Government of India¢â‚¬â„¢s Ministry of Health & Family Welfare launched ¢â‚¬Å“Housing for Heart Care Units Project¢â‚¬ with an investment of USD 25 million for building 100 heart care units across cities including Patna Sahibabad Nandanagar (Patna), Gaya (Gaya District) and Bodhgaya (Bihar).
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to various factors such as favorable government initiatives, technological advancements, and high healthcare expenditure in the region. For instance, according to a study published by National Institute for Health Care Management (NICHM), it was observed that hospitals with cardiac care units had better outcomes than those without such units. In addition, an increase in R&D investments by private companies is expected to fuel market growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing geriatric population and awareness about early detection of diseases like cardiac arrest among individuals living there. Moreover, economic development coupled with improvement in healthcare infrastructure will also boost regional demand during the forecast period (2018-2030).
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising awareness about heart health and cardiac rhythm disorders
- Technological advancements in cardiac monitoring and cardiac rhythm management devices
- Increasing demand for minimally invasive procedures
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardiac Monitoring and Cardiac Rhythm Market Research Report
By Type
Holter Monitors, ILR (Implantable Loop Recorder), Event Monitors, ECG Monitors, Cardiac Monitors
By Application
Hospitals, Home Health Care, Ambulatory Services, Others
By Companies
Boston Scientific, Nihon Kohden, Ge Healthcare, Hill-Rom, Zoll Medical, Schiller, Spacelabs Healthcare, Scottcare, Ecardio Diagnostics, St. Jude Medical Cardionet, Boston Scientific, Cardiac Science, Life Watch, Mortara Instruments and Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Cardiac Monitoring and Cardiac Rhythm Market Report Segments:
The global Cardiac Monitoring and Cardiac Rhythm market is segmented on the basis of:
Types
Holter Monitors, ILR (Implantable Loop Recorder), Event Monitors, ECG Monitors, Cardiac Monitors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Home Health Care, Ambulatory Services, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- Nihon Kohden
- Ge Healthcare
- Hill-Rom
- Zoll Medical
- Schiller
- Spacelabs Healthcare
- Scottcare
- Ecardio Diagnostics
- St. Jude Medical Cardionet
- Boston Scientific
- Cardiac Science
- Life Watch
- Mortara Instruments and Medtronic
Highlights of The Cardiac Monitoring and Cardiac Rhythm Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Holter Monitors
- ILR (Implantable Loop Recorder)
- Event Monitors
- ECG Monitors
- Cardiac Monitors
- By Application:
- Hospitals
- Home Health Care
- Ambulatory Services
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardiac Monitoring and Cardiac Rhythm Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cardiac monitoring is a process of continuously measuring the heart's activity and rhythm. Cardiac rhythm refers to the regular, predictable pattern of heartbeats.
Some of the major players in the cardiac monitoring and cardiac rhythm market are Boston Scientific, Nihon Kohden, Ge Healthcare, Hill-Rom, Zoll Medical, Schiller, Spacelabs Healthcare, Scottcare, Ecardio Diagnostics, St. Jude Medical Cardionet, Boston Scientific, Cardiac Science, Life Watch, Mortara Instruments and Medtronic.
The cardiac monitoring and cardiac rhythm market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardiac Monitoring and Cardiac Rhythm Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cardiac Monitoring and Cardiac Rhythm Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cardiac Monitoring and Cardiac Rhythm Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cardiac Monitoring and Cardiac Rhythm Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cardiac Monitoring and Cardiac Rhythm Market Size & Forecast, 2020-2028
4.5.1 Cardiac Monitoring and Cardiac Rhythm Market Size and Y-o-Y Growth
4.5.2 Cardiac Monitoring and Cardiac Rhythm Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Holter Monitors
5.2.2 ILR (Implantable Loop Recorder)
5.2.3 Event Monitors
5.2.4 ECG Monitors
5.2.5 Cardiac Monitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Home Health Care
6.2.3 Ambulatory Services
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardiac Monitoring and Cardiac Rhythm Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardiac Monitoring and Cardiac Rhythm Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Holter Monitors
9.6.2 ILR (Implantable Loop Recorder)
9.6.3 Event Monitors
9.6.4 ECG Monitors
9.6.5 Cardiac Monitors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Home Health Care
9.10.3 Ambulatory Services
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Holter Monitors
10.6.2 ILR (Implantable Loop Recorder)
10.6.3 Event Monitors
10.6.4 ECG Monitors
10.6.5 Cardiac Monitors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Home Health Care
10.10.3 Ambulatory Services
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Holter Monitors
11.6.2 ILR (Implantable Loop Recorder)
11.6.3 Event Monitors
11.6.4 ECG Monitors
11.6.5 Cardiac Monitors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Home Health Care
11.10.3 Ambulatory Services
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Holter Monitors
12.6.2 ILR (Implantable Loop Recorder)
12.6.3 Event Monitors
12.6.4 ECG Monitors
12.6.5 Cardiac Monitors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Home Health Care
12.10.3 Ambulatory Services
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Holter Monitors
13.6.2 ILR (Implantable Loop Recorder)
13.6.3 Event Monitors
13.6.4 ECG Monitors
13.6.5 Cardiac Monitors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Home Health Care
13.10.3 Ambulatory Services
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardiac Monitoring and Cardiac Rhythm Market: Competitive Dashboard
14.2 Global Cardiac Monitoring and Cardiac Rhythm Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 Nihon Kohden
14.3.3 Ge Healthcare
14.3.4 Hill-Rom
14.3.5 Zoll Medical
14.3.6 Schiller
14.3.7 Spacelabs Healthcare
14.3.8 Scottcare
14.3.9 Ecardio Diagnostics
14.3.10 St. Jude Medical Cardionet
14.3.11 Boston Scientific
14.3.12 Cardiac Science
14.3.13 Life Watch
14.3.14 Mortara Instruments and Medtronic
