Market Overview:
The global ICU cardiac monitors market is expected to grow at a CAGR of 5.5% 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 monitors, and rising demand for home-based cardiac monitoring. Based on type, the global ICU cardiac monitors market is segmented into implantable cardiac monitors and conventional cardiac monitors. The implantable cardiomonitors segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for minimally invasive procedures and growing preference for home-based care over hospital-based care. Based on application, the global ICU Cardiac Monitors Market is segmented into hospitals, clinics, and other applications such as research institutes and ambulatory surgical centers (ASCs).
Product Definition:
An ICU cardiac monitor is a device used to measure and display the electrical activity of the heart. This information can help doctors assess how well the heart is functioning and whether it is responding to treatment.
Implantable Cardiac Monitors:
Implantable cardiac monitors are devices used to monitor the heart functioning in real time. They consist of a battery-powered device and an external sensor which is inserted into the body. The data obtained from these sensors is wirelessly transmitted to the medical practitioners via radio frequency (RF) waves.
Conventional Cardiac Monitors:
Conventional cardiac monitors are devices used to monitor the heart functioning in patients. These conventional monitors are not capable of providing continuous real-time information regarding the physiological state of a patient’s heart, and hence they have been replaced by Holter monitoring devices.
The conventional cardiac monitors market is segmented on the basis of product type into Implantable Cardiac Monitors (ICM) and External Cardiac Monitors (ECM).
Application Insights:
The hospital application segment dominated the global ICU cardiac monitors market in 2017. This can be attributed to factors such as presence of a large patient base with critical illnesses and/or conditions, increasing number of hospitals, and rising healthcare expenditure. Moreover, technological advancements in conventional monitoring devices are expected to drive demand for hospital-based care over the forecast period. For instance, introduction of wearable devices that continuously monitor patients¢â‚¬â„¢ vital signs has revolutionized emergency room (ER) treatment by enabling rapid assessment and intervention for patients suffering from life-threatening conditions such as heart attack or stroke.
Clinic applications accounted for a significant share owing to factors such as high adoption rate among physicians across various regions coupled with growing awareness about early diagnosis & treatment options amongst consumers is anticipated to drive growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to various factors such as favorable government initiatives, high healthcare expenditure, and increasing awareness about advanced cardiac care systems. Moreover, a rise in the number of patients suffering from heart diseases is also expected to drive growth during the forecast period. According to data published by CDC’s National Center for Health Statistics (NCHS), around 695,000 people died due to cardiovascular diseases in U.S., which accounts for 20% of all deaths each year.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to rising geriatric population and incidence of chronic conditions such as diabetes.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising demand for home-based cardiac monitoring devices
- Technological advancements in ICU cardiac monitors market
- Proliferation of private and corporate healthcare facilities
Scope Of The Report
Report Attributes
Report Details
Report Title
ICU Cardiac Monitors Market Research Report
By Type
Implantable Cardiac Monitors, Conventional Cardiac Monitors
By Application
Hospital, Clinic, Other
By Companies
Medtronic, Abbott, BD, Johnson & Johnson, Boston Scientific Corporation, Koninklijke Philips N.V., Nihon Kohden Corporation, Roche, LifeWatch AG (BioTelemetry Inc)
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global ICU Cardiac Monitors Market Report Segments:
The global ICU Cardiac Monitors market is segmented on the basis of:
Types
Implantable Cardiac Monitors, Conventional 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
Hospital, Clinic, Other
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:
- Medtronic
- Abbott
- BD
- Johnson & Johnson
- Boston Scientific Corporation
- Koninklijke Philips N.V.
- Nihon Kohden Corporation
- Roche
- LifeWatch AG (BioTelemetry Inc)
Highlights of The ICU Cardiac Monitors 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:
- Implantable Cardiac Monitors
- Conventional Cardiac Monitors
- By Application:
- Hospital
- Clinic
- Other
- 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 ICU Cardiac Monitors 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?
ICU cardiac monitors are devices that measure the heart rate, rhythm, and other vital signs of patients in the intensive care unit. These monitors can help doctors diagnose and treat heart problems more quickly.
Some of the major players in the icu cardiac monitors market are Medtronic, Abbott, BD, Johnson & Johnson, Boston Scientific Corporation, Koninklijke Philips N.V., Nihon Kohden Corporation, Roche, LifeWatch AG (BioTelemetry Inc).
The icu cardiac monitors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ICU Cardiac Monitors 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 ICU Cardiac Monitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ICU Cardiac Monitors 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 ICU Cardiac Monitors 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 ICU Cardiac Monitors Market Size & Forecast, 2018-2028
4.5.1 ICU Cardiac Monitors Market Size and Y-o-Y Growth
4.5.2 ICU Cardiac Monitors Market Absolute $ Opportunity
Chapter 5 Global ICU Cardiac Monitors 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 ICU Cardiac Monitors Market Size Forecast by Type
5.2.1 Implantable Cardiac Monitors
5.2.2 Conventional Cardiac Monitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ICU Cardiac Monitors 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 ICU Cardiac Monitors Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ICU Cardiac Monitors 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 ICU Cardiac Monitors 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 ICU Cardiac Monitors Analysis and Forecast
9.1 Introduction
9.2 North America ICU Cardiac Monitors 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 ICU Cardiac Monitors Market Size Forecast by Type
9.6.1 Implantable Cardiac Monitors
9.6.2 Conventional 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 ICU Cardiac Monitors Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
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 ICU Cardiac Monitors Analysis and Forecast
10.1 Introduction
10.2 Europe ICU Cardiac Monitors 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 ICU Cardiac Monitors Market Size Forecast by Type
10.6.1 Implantable Cardiac Monitors
10.6.2 Conventional 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 ICU Cardiac Monitors Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
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 ICU Cardiac Monitors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ICU Cardiac Monitors 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 ICU Cardiac Monitors Market Size Forecast by Type
11.6.1 Implantable Cardiac Monitors
11.6.2 Conventional 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 ICU Cardiac Monitors Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
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 ICU Cardiac Monitors Analysis and Forecast
12.1 Introduction
12.2 Latin America ICU Cardiac Monitors 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 ICU Cardiac Monitors Market Size Forecast by Type
12.6.1 Implantable Cardiac Monitors
12.6.2 Conventional 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 ICU Cardiac Monitors Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
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) ICU Cardiac Monitors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ICU Cardiac Monitors 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) ICU Cardiac Monitors Market Size Forecast by Type
13.6.1 Implantable Cardiac Monitors
13.6.2 Conventional 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) ICU Cardiac Monitors Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
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 ICU Cardiac Monitors Market: Competitive Dashboard
14.2 Global ICU Cardiac Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott
14.3.3 BD
14.3.4 Johnson & Johnson
14.3.5 Boston Scientific Corporation
14.3.6 Koninklijke Philips N.V.
14.3.7 Nihon Kohden Corporation
14.3.8 Roche
14.3.9 LifeWatch AG (BioTelemetry Inc)
