Market Overview:
The global implantable heart monitor market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing prevalence of cardiovascular diseases, technological advancements in implantable heart monitors, and rising demand for minimally invasive procedures. The global implantable heart monitor market is segmented by type into smartphone compatible and smartphone incompatible devices. The smartphone compatible devices segment is expected to grow at a higher CAGR than the smartphone incompatible devices segment during the forecast period. This can be attributed to the growing demand for technologically advanced products and increasing preference for minimally invasive procedures among patients. The global implantable heart monitor market is also segmented by application into public hospitals and private hospitals.
Product Definition:
An implantable heart monitor is a small device that is implanted under the skin on the chest. It is used to monitor the heart rhythm and to detect any abnormal heart rhythms. The device can also be used to detect when a person has had a heart attack.
Smartphone Compatible:
Smartphone compatible is the technology used in implantable heart monitors to communicate with the device. Smartphones are becoming an integral part of daily life and have changed the way people use devices for health monitoring. The compatibility of these devices with smartphones has increased its usage rate among patients, doctors, and other healthcare professionals.
The global smartphone compatible market was valued at USD 469 million in 2015.
Smartphone Incompatible:
Smartphone-incompatible is a term used for electronic devices that are not compatible with the functioning of implantable heart monitors. These devices include smartphones, tablets, and other portable communication devices. The rising number of smartphone users has led to an increase in the number of cases related to smartphone incompatibility with implantable heart monitors. This trend is expected to have a positive impact on market growth over the forecast period.
The growing adoption rate of advanced technologies such as wireless technology.
Application Insights:
The private hospital segment dominated the global implantable heart monitor market in 2017. This can be attributed to factors such as availability of advanced healthcare facilities and highly skilled personnel, along with rising investments by various companies for the development of advanced products for cardiac patients. For instance, in January 2018, Boston Scientific Corporation launched a new pacemaker that is compatible with smartphones and tablets. The company introduced this product after conducting extensive research on consumer needs and demands.
On the other hand, public hospitals are expected to emerge as fastest-growing segment over the forecast period due to increasing prevalence of cardiovascular diseases coupled with limited or no financial resources available for cardiac treatment at private hospitals.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for R&D, presence of key industry players, and high adoption rate of advanced technologies among patients and doctors. Moreover, rising awareness about implantable cardiac monitors is also expected to drive growth in this region over the forecast period.
In Europe, public as well as private hospitals are investing heavily in Implantable Cardiac Monitors (ICM) & Defibrillators (ICDs). In addition their collaboration with international companies such as GE Healthcare; St Jude Medical; Abbott Laboratories; Boston Scientific Corporation; Medtronic plc.; Biotronik GmbH & Co.; Koninklijke Philips N.V.
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising awareness about the benefits of implantable heart monitors
- Technological advancements in implantable heart monitor devices
- Increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Implantable Heart Monitor Market Research Report
By Type
Smartphone Compatible, Smartphone Incompatible
By Application
Public Hospital, Private Hospital
By Companies
Medtronic, Abbott, BIOTRONIK, Angel Medical Systems, Inc., Boston Scientific, 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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Implantable Heart Monitor Market Report Segments:
The global Implantable Heart Monitor market is segmented on the basis of:
Types
Smartphone Compatible, Smartphone Incompatible
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
Public Hospital, Private Hospital
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
- BIOTRONIK
- Angel Medical Systems, Inc.
- Boston Scientific
- Medtronic
Highlights of The Implantable Heart Monitor 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:
- Smartphone Compatible
- Smartphone Incompatible
- By Application:
- Public Hospital
- Private Hospital
- 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 Implantable Heart Monitor 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?
An implantable heart monitor (IHM) is a medical device that continuously monitors the heart rhythm of a patient. IHMs are inserted under the skin on the chest and provide real-time data about the patient's heart rate, rhythm, and blood pressure. This information can help doctors diagnose and treat conditions related to the heart.
Some of the key players operating in the implantable heart monitor market are Medtronic, Abbott, BIOTRONIK, Angel Medical Systems, Inc., Boston Scientific, Medtronic.
The implantable heart monitor 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 Implantable Heart Monitor 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 Implantable Heart Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Implantable Heart Monitor 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 Implantable Heart Monitor 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 Implantable Heart Monitor Market Size & Forecast, 2018-2028
4.5.1 Implantable Heart Monitor Market Size and Y-o-Y Growth
4.5.2 Implantable Heart Monitor Market Absolute $ Opportunity
Chapter 5 Global Implantable Heart Monitor 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 Implantable Heart Monitor Market Size Forecast by Type
5.2.1 Smartphone Compatible
5.2.2 Smartphone Incompatible
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Implantable Heart Monitor 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 Implantable Heart Monitor Market Size Forecast by Applications
6.2.1 Public Hospital
6.2.2 Private Hospital
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Implantable Heart Monitor 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 Implantable Heart Monitor 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 Implantable Heart Monitor Analysis and Forecast
9.1 Introduction
9.2 North America Implantable Heart Monitor 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 Implantable Heart Monitor Market Size Forecast by Type
9.6.1 Smartphone Compatible
9.6.2 Smartphone Incompatible
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 Implantable Heart Monitor Market Size Forecast by Applications
9.10.1 Public Hospital
9.10.2 Private Hospital
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 Implantable Heart Monitor Analysis and Forecast
10.1 Introduction
10.2 Europe Implantable Heart Monitor 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 Implantable Heart Monitor Market Size Forecast by Type
10.6.1 Smartphone Compatible
10.6.2 Smartphone Incompatible
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 Implantable Heart Monitor Market Size Forecast by Applications
10.10.1 Public Hospital
10.10.2 Private Hospital
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 Implantable Heart Monitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Implantable Heart Monitor 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 Implantable Heart Monitor Market Size Forecast by Type
11.6.1 Smartphone Compatible
11.6.2 Smartphone Incompatible
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 Implantable Heart Monitor Market Size Forecast by Applications
11.10.1 Public Hospital
11.10.2 Private Hospital
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 Implantable Heart Monitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Implantable Heart Monitor 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 Implantable Heart Monitor Market Size Forecast by Type
12.6.1 Smartphone Compatible
12.6.2 Smartphone Incompatible
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 Implantable Heart Monitor Market Size Forecast by Applications
12.10.1 Public Hospital
12.10.2 Private Hospital
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) Implantable Heart Monitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Implantable Heart Monitor 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) Implantable Heart Monitor Market Size Forecast by Type
13.6.1 Smartphone Compatible
13.6.2 Smartphone Incompatible
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) Implantable Heart Monitor Market Size Forecast by Applications
13.10.1 Public Hospital
13.10.2 Private Hospital
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 Implantable Heart Monitor Market: Competitive Dashboard
14.2 Global Implantable Heart Monitor 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 BIOTRONIK
14.3.4 Angel Medical Systems, Inc.
14.3.5 Boston Scientific
14.3.6 Medtronic
