Subtitle: The Cardiac Arrhythmia Monitoring Devices Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Cardiac Arrhythmia Monitoring Devices Market: Drivers and Challenges
Electrophysiology is a subspecialty of cardiology and is a rapidly growing field in discovering cures and new treatments for all forms of arrhythmias. According to the University of California San Francisco (UCSF) Medical Center, electrophysiology is advancing in the assessment of heart’s electrical function. UCSF medical center pioneered the use of catheter ablation, a treatment that destroys or disrupts parts of electrical pathways causing arrhythmias. UCSF performs 900 procedures a year including 400 catheter ablation procedures which ensures efficiency and expertise in the treatment of arrhythmias.
ECG stress test devices are used for arrhythmias that occur frequently and ambulatory ECG is used for infrequent arrhythmias. Resting ECG is expected to grow with a higher market value share during the forecast period due to easy availability of devices in hospitals or physician office. Being the first procedure for treating the frequent or constant arrhythmias, it is available with most of the end-users. Ambulatory ECG is expected to account for significant market shares during the forecast period due to easy functioning of devices which detect and record the daily activities.
Atrial Fibrillation is projected to grow at remarkable CAGRs owing to large number of arrhythmia cases due to obesity, unhealthy food habit and increase in aging among population through 2024. Hospital segment is expected to dominate the market in terms of value during forecast year due to availability of various reimbursement policies, monitoring devices and practiced physician with the knowledge on latest devices.
Cardiac Arrhythmia Monitoring Devices Market: Regional Overview
On the basis of regional presence, global cardiac arrhythmia monitoring device market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead in terms of value in the global cardiac arrhythmia monitoring device market due to increase in number of cardiac arrhythmia patients in the region. According to the Journal of the Canadian Chiropractic Association, American cardiac patients with an age group of 60 to 85 years demonstrate a complex arrhythmia of both types such as supraventricular and ventricular. The study include 5,201 adults, who were found to have serious arrhythmias such as sustained ventricular tachycardia and complete atrioventricular block of which 4.3% of women and 10.3% of men were detected positive.
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Cardiac Arrhythmia Monitoring Devices Market: Key Players
Some of the major players in global cardiac arrhythmia monitoring device market are Biotelemetry, Cardiac Science Corp., Cardiocom, Cardionet, and GE Healthcare etc.
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