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Cardiac Monitoring & Cardiac Rhythm Management Market Outlook, Growth Analysis, Industry Size & Market Forecast: 2020

Tuesday, November 8, 2016 6:08
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(Before It's News)

The Cardiac Monitoring (CM) And Cardiac Rhythm Management (CRM) Devices Market segmented on the basis of products, end users, and regions.

From an insight perspective, Cardiac Monitoring & Cardiac Rhythm Management market research report focuses on qualitative data, market size, and growth of various segments and subsegments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats). The report also offers market sizes and data on the growth of various segments in the industry. It focuses on emerging and high-growth segments, high-growth regions, and initiatives of governments.

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On basis of products, Cardiac Monitoring (CM) Devices segment is categorized into:

  • Electrocardiogram (ECG) devices
  • Event monitors
  • Implantable loop recorders (ILR)
  • Cardiac output monitoring (COM) devices

The ECG devices segment is expected to account for the largest share in 2015. This segment will be the fastest-growing product segment during the forecast period.

On basis of products, The Cardiac Rhythm Management (CRM) Devices segment is categorized into

  • Defibrillators
  • Pacemakers
  • Cardiac resynchronization therapy (CRT) devices.

The defibrillator segment is expected to account for the largest share in 2015. This segment will also be the fastest-growing product segment during the forecast period. Major factors contributing to the growth of the market includes rising incidences of cardiovascular diseases (CVDs) which remains as the leading cause of death around the world; and increased adoption of mobile cardiac telemetry devices which enables longer and precise monitoring. 

Market Drivers of Cardiac Monitoring & Cardiac Rhythm Management Industry:

  • Increasing incidence of cardiovascular diseases
  • Technological advancements
  • Private institutional nursing and home care

Market Restraints of Cardiac Monitoring & Cardiac Rhythm Management Industry:

  • Dearth of skilled professionals with expertise in electrocardiography and cardiac monitoring
  • Economic impact of adopting new technologies

Market Opportunities in Cardiac Monitoring & Cardiac Rhythm Management Industry:

  • Mergers, acquisitions, and joint ventures
  • Emerging markets

Challenges in Cardiac Monitoring & Cardiac Rhythm Management Industry:

  • Limited reimbursement for remote cardiac monitoring devices

Leading Players included in Cardiac Monitoring & Cardiac Rhythm Management Industry:

  • BOSTON SCIENTIFIC CORPORATION
  • GE HEALTHCARE
  • MEDTRONIC, INC.
  • PHILIPS HEALTHCARE
  • ST. JUDE MEDICAL, INC.
  • BIOTRONIK SE & CO. KG
  • CARDIAC SCIENCE CORPORATION
  • MORTARA INSTRUMENT, INC.
  • SCHILLER AG
  • SORIN S.P.A.

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New product launches and approvals were key strategies adopted by major industry players to increase their market share and cater to unmet needs. Emerging and immature markets such as the Brazil, China, and India are lucrative markets for CM and CRM Devices.

The competitive landscape covers growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on key players in the Cardiac Monitoring (CM) And Cardiac Rhythm Management (CRM) Devices market and the product portfolios, developments, and strategies adopted to maintain and increase their market shares. The above-mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.

Reasons to Buy the Cardiac Monitoring & Cardiac Rhythm Management Market Report: 

This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms, garner a greater market share. Firms purchasing the report can use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

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The Cardiac Monitoring & Cardiac Rhythm Management Market report provides insights on the following pointers:

• Market Penetration: Comprehensive information on product portfolios of the top players in the Cardiac Monitoring (CM) And Cardiac Rhythm Management (CRM) Devices market. The report analyzes the CM and CRM Devices market by product and geography.

• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and new product launches in the Cardiac Monitoring (CM) And Cardiac Rhythm Management (CRM) Devices market.

• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Cardiac Monitoring (CM) And Cardiac Rhythm Management (CRM) Devices market.

• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various product across geographies.

• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the Cardiac Monitoring (CM) And Cardiac Rhythm Management (CRM) Devices market.

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