Cardiac Monitoring and Cardiac Rhythm Management Market In-Depth Analysis with Top Companies Forecas

The global cardiac monitoring and cardiac rhythm management market is growing at a significant rate, due to escalating occurrence of cardiovascular diseases and technological improvement. The market has witnessed high demand for defibrillators over the last few years due to escalating occurrence of cardiovascular disease and technological improvement of the device.

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On the basis of product, the cardiac monitoring device market is subdivided into event monitors, ECG devices, cardiac output monitors, implantable loop recorders, mobile cardiac telemetry, and smart wearable ECG monitors. ECG devices are estimated to account largest share in the market due to escalating occurrence of cardiovascular diseases and expanding geriatric population.

The escalating occurrence of cardiovascular diseases, speedy upsurge in aging population, mounting healthcare expenditure, and technological improvement are the primary growth drivers for cardiac monitoring and cardiac rhythm management market.

Moreover, smart wear ECG monitors, expanding necessity for compact devices, and boosting demand in emerging economies are also fueling the growth of the cardiac monitoring and cardiac rhythm management market.

North America is the largest cardiac monitoring and cardiac rhythm management market as in the region the occurrence of cardiovascular disease is escalating. Asia-Pacific is observed to witness the fastest growth in the cardiac monitoring and cardiac rhythm management market, as the region comprises of large population base.

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Key players in the cardiac monitoring and cardiac rhythm management market are catering the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.

Medtronic PLC, Cardiac Science, Abbott, Biotelemetry, Boston Scientific, Schiller, GE Healthcare, Koninklijke Philips N.V., Biotronik, Livanova, Hill-Rom Holdings, and Applied Cardiac System are the key players offering cardiac monitoring and cardiac rhythm management.

Source: VynZ Research