Cardiac monitoring is the process of continuous monitoring of the patient’s heart activity. This process is carried out by electrocardiography that assesses cardiac rhythm and heart condition of the patients. Along with being a vital in-hospital monitoring system, cardiac rhythm management systems are also used in the out-of-hospital acute medical care services like ambulance, home healthcare and other emergency medical services. Cardiac monitoring market is gaining steady attention in terms of demand and applications in the healthcare industry. The current growth in this industry is attributed to rising demand of these services and increased number of instances of cardiovascular diseases and other chronic diseases requiring heart rate monitoring.
Foe more Cardiac Monitoring Industry Read here: http://www.marketsandmarkets.com/Market-Reports/cardiac-monitoring-advanced-technologies-and-global-market-55.html
Segmentation and Drivers for Cardiac Monitoring Industry
Cardiac rhythm management (CRM) and cardiac monitoring market is majorly divided into two basic segments, which include CRM devices and conventional monitoring. Both these segments are divided further based on the types of devices, end user markets and geographic demand pattern. Based on the types of devices, conventional cardiac monitoring industry is divided into Holter monitors, electrocardiograms, event monitors, cardiac output monitoring devices and implantable loop recorders. On the other hand, cardiac rhythm management market is categorized into implantable defibrillators, external defibrillators, implantable defibrillators, cardiac resynchronization therapy devices and pacemakers. The end user segment is divided into hospitals, home, ambulatory and other services. Geographically, the industry is segmented into North America, Asia Europe and rest of the world.
Trends and Forecasting Reports from 2013-2017
Rise in the instances of cardiovascular diseases on global scale is the strongest trigger for the recent rise in demand for the CRM devices in the cardiac monitoring market. Along with that, rising cost of cardiac disease treatment, advancing technology and increased rules and regulations in favor of using these devices are some major contributing factors to the overall growth. According to the market research reports, the global industry is poised to witness steady growth at a healthy CAGR of over 11%, from 2013 to 2017. During the forecasting period, the market is expected to reach $23.3 billion by the end of 2017. In 2012, the market was worth $18.4 billion. Based on geographic regions in terms of demand, adoption, advancements and revenue, North America is dominating the global scenario.
Although the pacemakers and defibrillators markets are showing flat growth in the US, technological advancements are expected to create great business opportunities in the cardiac monitoring market in the coming future. The Asian markets like China and India are expected to witness strong growth for these products, which is a great sign for the global industry.