Global Implantable Cardiac Monitors Market

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Global Implantable Cardiac Monitors Market was valued at US$ 515.1 Mn in 2017 and is expected to reach US$ 2090.4 Mn by 2026, at a CAGR of 19.14% during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Global Implantable Cardiac Monitors Market Dynamics:

An implantable cardiac monitor, also known as an implantable loop recorder, is a small insertable device that constantly monitors heart rhythms. These monitors are considered as the gold standard for estimating irregular and unexplained arrhythmias.

The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.

The major driving factor behind the market growth is the durability of implantable cardiac monitors. Additionally, implanting a cardiac monitor requires less duration, so fewer hospital stays and fewer hospital readmission are required. On the other hand, the availability of alternative modes of treatments and high expenditures of implantable cardiac monitors is limiting the growth of the Implantable Cardiac Monitors market. Also, increasing awareness of devices and treatment options for cardiac disorders will create productive opportunities for the key players in this market.

The Implantable Cardiac Monitors Market has met significant development in the recent years and is expected to grow massively during the forecast period. Implantable cardiac monitors (ICM) are tiny electrophysiology devices that are used for monitoring a patient's heart movement for a long period of time. These additionally helping in recognizing arrhythmias. The technology of implantable cardiac monitor can wipe out the necessity for mass outer Holter screen, which needs a wire to be connected to a patient.

ICM is a framework that is used to monitor heart failure that prevents hospitalization of patients. ICMs are inserted under the skin of the patient. These monitors help doctors to estimate the health of patients by making use of cardiac rhythm. Additionally, these are used for monitoring many cardiovascular issues, for example, atrial fibrillation, heart failure, and signs of a recent heart attack.

Two main equipment used for cardiac arrhythmias are Electrocardiogram (ECG) and Holter monitor. Usage of ECG monitoring devices and services are increasing rapidly over the past decade. ECG has penetrated into various departments due to its wide use in mobile cardiac outpatient telemetry and currently in data management for electronic medical records (EMR). A growing number of life-threatening cardiac diseases are resulting in an increase in the demand for ECG monitoring devices and services in hospitals and diagnostics laboratories with essential and advanced software services. The above-mentioned factors will increase the demand for ECG monitoring devices, data management, and services in large integrated healthcare systems.

Atrial Fibrillation cases within the elderly population, preference for catheter ablation, and escalating technological developments are boosting the AF market growth. Atrial fibrillation is a majorly common arrhythmia that results in disturbed cardiac rhythms. In the last twenty years, a higher presence of AF incidences has been witnessed around the globe. The ‘American Heart Association’ stated that about 34 million people were afflicted with AF globally in 2013.

Global Implantable Cardiac Monitors

North America dominates the global implantable cardiac monitor market, due to the high adoption rate of technologically advanced implantable cardiac monitors, the presence of highly sophisticated healthcare infrastructure and favourable reimbursement framework, and the presence of major players in North America. Implantable cardiac monitors are niche, and this provides major opportunities for companies to enlarge and invest in the region. Similarly, a rise in the prevalence of cardiovascular conditions that require advanced monitoring contributes to the demand for implantable cardiac monitors.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Implantable Cardiac Monitors Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Implantable Cardiac Monitors Market.
Global Implantable Cardiac Monitors Market, Key Highlights:

• Global Implantable Cardiac Monitors Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Implantable Cardiac Monitors Market

• Global Implantable Cardiac Monitors Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Implantable Cardiac Monitors Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Implantable Cardiac Monitors Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Implantable Cardiac Monitors Market are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Global Implantable Cardiac Monitors Market: Inquire before buying

Global Implantable Cardiac Monitors Market by Indication:

• Cardiac Arrhythmias
• Atrial Fibrillation
• Epilepsy & Unexplained Falls
Global Implantable Cardiac Monitors Market by End-User:

• Hospitals
• Cardiac Center & Clinics
• Ambulatory Surgical Centers (ASCs)
Global Implantable Cardiac Monitors Market by Geography:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa
Global Implantable Cardiac Monitors Market Key Players

• Abbott Laboratories
• Biotronik SE & Co. KG
• Boston Scientific Corporation
• Edwards Lifescience Corporation
• General Electric Company
• Koninklijke Philips N.V.
• LivaNova PLC
• Medtronic plc
• Nihon Kohden Corporation
• Phoenix Heart Center
• Astellas Pharma, Inc.
• Sigma-Aldrich Corporation
• Agilent Technologies, Inc.
• ReliantHeart Inc.
• Abiomed, Inc.
• Basilea Pharmaceutical Ltd.
• Berlin Heart GmbH
• Schiller AG
• Jarvik Heart, Inc

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