Market Overview:
The global continuous cardiac monitoring devices market is expected to grow at a CAGR of 7.5% during the forecast period 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-based care. Based on type, the global continuous cardiac monitoring devices market is segmented into portable and standalone devices. The portable segment is expected to grow at a higher CAGR than the standalone segment during the forecast period from 2018 to 2030. This can be attributed to the growing demand for portable cardiac monitors owing to their ease of use and portability. Based on application, the global continuous cardiac monitoring devices market is divided into home care, hospitals, ambulatory surgical centers (ASCs), and other applications (including research institutes and diagnostic laboratories). The home care segment accounted for majority share of this market in 2017 and is projected to maintain its dominance during the forecast period from 2018to 2030 due its growing preference for home-based healthcare among patients suffering from chronic heart conditions or those who are recovering post-surgery or an illness episode.
Product Definition:
A Continuous Cardiac Monitoring Device is a piece of equipment that monitors the heart rate and rhythm of a patient continuously. These devices are used to help detect cardiac arrhythmias and other abnormalities in heart function. They are often used in patients who have had a heart attack, those who are at high risk for one, or those who have other cardiac conditions.
Portable:
The global portable continuous cardiac monitoring devices market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of cardiovascular diseases, growing geriatric population base, rising demand for home healthcare services and high incidence rate of arrhythmias are some major factors that drive the growth of this industry globally.
Standalone:
A standalone device is a single unit that can be used for monitoring and recording the patient's vital signs such as temperature, blood pressure, and heart rate. It has no additional features other than basic functions like taking the readings and storing them in a memory module for later analysis. The major advantage of using this type of device is that it eliminates the need to connect it to an external monitor or printer in order to obtain data from it.
Application Insights:
The hospital segment dominated the global continuous cardiac monitoring devices market in 2017 and is expected to maintain its lead during the forecast period. This can be attributed to a rise in demand for CVCs at hospitals across the world. For instance, according to a study published by NCBI, around 90% of patients admitted in an Indian hospital are subjected to some form of invasive or non-invasive cardiac testing which includes Holter monitoring. Thus, increasing number of patients visiting hospitals for treatment purposes is expected drive growth over the forecast period.
Hospitals accounted for more than 50% share of total revenue in 2017 due largely to factors such as availability of advanced healthcare facilities along with highly skilled medical staff and advanced diagnostic equipment required for Continuous Cardiac Monitoring (CCM). Moreover, rising prevalence and incidence rate associated with heart diseases coupled with increasing awareness about early detection are further anticipated boost growth during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The presence of favorable government initiatives and increased healthcare expenditure are some of the major factors responsible for its growth. For instance, in 2014, according to a study published by Health Affairs, health care spending per capita was higher than that of any other nation.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing geriatric population and awareness about CGM systems among patients and their families.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising awareness about the benefits of continuous cardiac monitoring devices
- Technological advancements in cardiac monitoring devices
- Government initiatives to promote the use of continuous cardiac monitoring devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Continuous Cardiac Monitoring Devices Market Research Report
By Type
Portable, Standalone
By Application
Home Care, Hospitals, Ambulatory Surgical Centers
By Companies
Boston Scientific Corporation, Cardiac Science Corporation, Deltex Medical, Edwards Lifesciences Corporation, GE Healthcare, LiDCO Group, Medtronic, Mennen Medical, Phillips Healthcare, PULSION Medical Systems, Siemens Healthcare, Canon Medical Systems
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Continuous Cardiac Monitoring Devices Market Report Segments:
The global Continuous Cardiac Monitoring Devices market is segmented on the basis of:
Types
Portable, Standalone
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
Home Care, Hospitals, Ambulatory Surgical Centers
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 Corporation
- Cardiac Science Corporation
- Deltex Medical
- Edwards Lifesciences Corporation
- GE Healthcare
- LiDCO Group
- Medtronic
- Mennen Medical
- Phillips Healthcare
- PULSION Medical Systems
- Siemens Healthcare
- Canon Medical Systems
Highlights of The Continuous Cardiac Monitoring Devices 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:
- Portable
- Standalone
- By Application:
- Home Care
- Hospitals
- Ambulatory Surgical Centers
- 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 Continuous Cardiac Monitoring Devices 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.
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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?
Continuous cardiac monitoring devices (CCMDs) are medical devices that continuously monitor a person's heart rate and rhythm. CCMDs may be used to diagnose or treat conditions such as atrial fibrillation, ventricular tachycardia, and bradycardia.
Some of the key players operating in the continuous cardiac monitoring devices market are Boston Scientific Corporation, Cardiac Science Corporation, Deltex Medical, Edwards Lifesciences Corporation, GE Healthcare, LiDCO Group, Medtronic, Mennen Medical, Phillips Healthcare, PULSION Medical Systems, Siemens Healthcare, Canon Medical Systems.
The continuous cardiac monitoring devices market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Continuous Cardiac Monitoring Devices 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 Continuous Cardiac Monitoring Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Continuous Cardiac Monitoring Devices 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 Continuous Cardiac Monitoring Devices 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 Continuous Cardiac Monitoring Devices Market Size & Forecast, 2020-2028
4.5.1 Continuous Cardiac Monitoring Devices Market Size and Y-o-Y Growth
4.5.2 Continuous Cardiac Monitoring Devices 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 Portable
5.2.2 Standalone
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 Home Care
6.2.2 Hospitals
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Continuous Cardiac Monitoring Devices 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 Continuous Cardiac Monitoring Devices 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 Portable
9.6.2 Standalone
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 Home Care
9.10.2 Hospitals
9.10.3 Ambulatory Surgical Centers
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 Portable
10.6.2 Standalone
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 Home Care
10.10.2 Hospitals
10.10.3 Ambulatory Surgical Centers
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 Portable
11.6.2 Standalone
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 Home Care
11.10.2 Hospitals
11.10.3 Ambulatory Surgical Centers
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 Portable
12.6.2 Standalone
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 Home Care
12.10.2 Hospitals
12.10.3 Ambulatory Surgical Centers
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 Portable
13.6.2 Standalone
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 Home Care
13.10.2 Hospitals
13.10.3 Ambulatory Surgical Centers
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 Continuous Cardiac Monitoring Devices Market: Competitive Dashboard
14.2 Global Continuous Cardiac Monitoring Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific Corporation
14.3.2 Cardiac Science Corporation
14.3.3 Deltex Medical
14.3.4 Edwards Lifesciences Corporation
14.3.5 GE Healthcare
14.3.6 LiDCO Group
14.3.7 Medtronic
14.3.8 Mennen Medical
14.3.9 Phillips Healthcare
14.3.10 PULSION Medical Systems
14.3.11 Siemens Healthcare
14.3.12 Canon Medical Systems
