Cardiac Event Monitor Market forecast at $1.1 billion in 2016 will reach $4.8 billion by 2023. Growth comes as this technology is able to support the greater emphasis that is being put on early diagnosis and prevention of disease by the medical community as a whole. Heart disease has been the number one killer of people, creating a need for more proactive and ongoing diagnosis made possible by increased use of the remote units extending medical care from the acute care setting to everyday modalities.
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Growth is based on implementation of devices that measure cardiac function over a period of a month, provide analytics within the device, and send alerts to a physician. Digitalization of healthcare is shifting value from devices per se to software and services. Physicians are looking for new ways to proactively monitor and manage patient health. The challenges of delivering patient cardiac care can only be met through new, more integrated forms of care delivery across the health continuum, with a shift away from a focus on acute care and late-stage interventions to continuing care delivery that is appropriate to the circumstance.
“In an increasingly connected world, the convergence of vital signs technologies with cardiac event monitoring technologies is able to facilitate healthy living. This fits very well with cardiac equipment vendor core strengths in professional healthcare and in consumer health and well-being.” A cardiac event recorder is a battery-powered portable miniature device. Devices record heart’s electrical activity (ECG) to detect presence of symptoms. Event recorders can be a loop memory monitor and a symptom event monitor with newer devices containing internal analytics and the ability to notify a physician directly if an event is detected. Cardiac event ambulatory monitors can detect arrhythmias and get people to treatment faster before it is too late. Units are useful in the fight to correct congestive heart failure even after it has been initiated.
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Market Leaders: Biotelemetry / Cardionet / Mednet, Preventice Solutions / eCardio, Applied Cardiac Systems
Market Participants: , AliveCor, Applied Cardiac Systems, AT&T, Biomedical Systems, Biotronik, BioTelemetry, Biomedical Systems, CardGuard, Lifewatch / CardGuard, General Electric (GE), iRhythm / Zio, LifeLine Medical, Medicomp, Medtronic, Nuvasive, OSI Systems, Philips, Preventice Solutions, QRS Diagnostic, Reka, Samsung, Scott Fetzer, VivaLnk, VRI, Windstream
Cardiac event monitor market forecasts, event recorder device, MCT device, and implantable recorders are charged for as services when the units are provided to patients in this manner. Insurance reimbursement is many times a more favorable way to collect money from a service. The implantable segment of the overall cardiac event recording market goes from 58% of the total to 80% of the total. It implantable devices are far more reliable and accurate than the electronic external devices.
Table of Contents
Cardiac Event Monitors Executive Summary
Cardiac Event Monitors Market Description and Market Dynamics
Cardiac Event Monitors Market Shares and Forecasts
Cardiac Event Monitors Product Description
Cardiac Event Monitor Research and Technology
Cardiac Event Monitors Company Profiles
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