Cardiac Monitoring & Cardiac Rhythm Management Market - Forecast(2021 - 2026)

Report Code: HCR 47458 Report Format: PDF + Excel (Delivery in 48 Hrs)

Cardiac Monitoring & Cardiac Rhythm Management Market Overview

Cardiac Monitoring & Cardiac Rhythm Management Market size is estimated to be $20.6 billion in 2019, growing at a CAGR of 4.2% during the forecast period 2020-2025. Cardiac Monitoring devices are used by clinicians to assess the presence and severity of cardiac diseases and to evaluate the efficacy of treatments including drugs, interventions, operations and device implants. Cardiac Rhythm Management is a procedure wherein a device is implanted with the upper chest to control both fast and slow cardiac rhythm by using electrical pulses. Growing geriatric population and the increase in the number of people suffering cardiovascular diseases, technological advancement, and the increasing awareness among consumers regarding the benefits of cardiac monitoring devices are some of the key factors contributing to its market growth. Moreover, the remote cardiac monitoring devices or remote heart monitoring is a technique by which information from a patient’s implantable rhythm management device can be communicated directly to a physician's office. Therefore, the increasing developments and the benefits of remote cardiac monitoring are some of the key factors upsurging its market growth. Moreover, according to the Centers for Disease Control and Prevention heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the U.S. In addition, heart disease cost in the United States about $219billion each year from 2014 to 2015 which included the cost of health care services, medicines and lost productivity due to death.

Cardiac Monitoring & Cardiac Rhythm Management Market Report Coverage

The report: “Cardiac Monitoring & Cardiac Rhythm Management Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cardiac Monitoring & Cardiac Rhythm Management Market.
By Product: Electrocardiogram Devices, Implantable Loop Recorders, Cardiac Output Monitoring Devices, Event Monitors, Pacemakers, Defibrillators, and Others.
By End-User: Hospitals, Clinics, Ambulatory Surgical Centers and Others.
By Geography: North America, Europe, Asia Pacific and Rest of the World.

Key Takeaways

  • The defibrillators segment held the largest market share in the year 2019 owing to its benefits to reduce the risk of sudden death by terminating ventricular arrhythmias.
  • Hospitals accounted for the largest market share in 2019 owing to the increasing use of Cardiac Monitoring & Cardiac Rhythm Management in hospitals.
  • North America dominated the Cardiac Monitoring & Cardiac Rhythm Management Market owing to the rising geriatric population suffering from chronic diseases.
  • Technological Advancements in Cardiac Monitoring is a major factor driving Cardiac Monitoring & Cardiac Rhythm Management Market during the forecast period 2020-2025.

Cardiac Monitoring & Cardiac Rhythm Management Market Segment Analysis - By Product

By Product, the Cardiac Monitoring & Cardiac Rhythm Management is segmented into Electrocardiogram Devices, Implantable Loop Recorder, Cardiac Output Monitoring Devices, Event Monitors, Pacemakers, Defibrillators, and Others. Defibrillators segment held the largest market share in the year 2019 owing to its benefits to reduce the risk of sudden death by terminating ventricular arrhythmias. Moreover, an implanted cardioverter defibrillator (ICD) is a device that is implanted in the patient’s body to help control the heart rhythm. ICD’s are extremely effective at stopping dangerous arrhythmias and are the most effective therapy for treating ventricular fibrillation, the major cause of sudden cardiac death. The ICD continuously monitors the heart rhythm and delivers a pacemaker shock when the rhythm gets too slow. In addition, if the heart rhythm gets dangerously fast, the ICD deliver a life-saving shock that returns the heart to a normal rhythm. Therefore, the rising benefits of using ICD is a vital factor contributing to its market growth. Also, electrocardiogram devices are projected to witness growth at fastest CAGR of 5.1% in forecast period 2020-2025.

Cardiac Monitoring & Cardiac Rhythm Management Market Segment Analysis - By End-User

Hospitals accounted for the largest market share in 2019 owing to the increasing use of Cardiac Monitoring & Cardiac Rhythm Management in hospitals. Furthermore, trained doctors in the hospitals usually operate ECG devices, pacemakers and others thereby hospital are a major place for treatment. Moreover, technological advancement leading to developments of new devices which are faster, more reliable, and more widely available are further propelling the Cardiac Monitoring & Cardiac Rhythm Management market during the forecast period 2020-2025. In addition, the growth of this segment is majorly due to the increasing number of tests in clinics and hospitals. Furthermore, as a diagnostic tool ECG has been around for a long time and the penetration of these system in hospitals is very high. Despite its established nature, the market continue to evolve with new devices, including ECG monitoring system at healthcare facilities, event monitors for subacute patient monitoring, which patients carry with them to record heart rhythm for short period of time; implantable loop recorders that are surgically inserted into patients and can record heart rhythm for an extended period of time and telemetry and ECG data management solutions. Therefore, the method of implanting these devices in patients at hospitals, clinics and ambulatory centers are some of the key factors contributing to the market growth.

Cardiac Monitoring & Cardiac Rhythm Management Market Segment Analysis - By Geography

North America dominated the Cardiac Monitoring & Cardiac Rhythm Management Market with a region share 34% in 2019 followed by Europe and APAC. Rising geriatric population, rapid development, increasing health concerns along with the growing demand of advanced treatment and a better healthcare structure is a major factor propelling its market growth. Moreover, the presence of key players in the region including Abiomed and Abbott in that region is highly supporting the market growth. Furthermore, according to the Centers for Disease Control and Prevention about 805,000 Americans have a heart attack and about 655,000 Americans die from heart disease each year-that’s 1 in every 4 deaths.

Cardiac Monitoring & Cardiac Rhythm Management Market Drivers 

Increasing incidence of chronic diseases

Increasing incidence of chronic diseases leading to diabetes and other cardiovascular diseases and the adoption of the Cardiac Monitoring & Cardiac Rhythm Management are some of the key factors driving the cardiac monitoring and cardiac rhythm management market during the forecast period 2020-2025. Moreover, according to the American Heart Association between 2013 and 2016 121.5million Americans had some form of cardiovascular disease and between 2014 and 2015 direct and indirect cost of total cardiovascular disease and stroke were about $351.3billion.

Technological Advancement in Cardiac Monitoring 

Technological Advancements in Cardiac Monitoring is a major factor driving Cardiac Monitoring & Cardiac Rhythm Management Market during the forecast period 2020-2025. Moreover, Scanadu Scout helps measure temperature, pulse, oximetry, ECG, heart rate variability, pulse wave transmit time. Besides this, the product launched by the key players are some of the factors contributing to its market growth. For instance, in October 2020 Medtronic launched world’s first pacemaker that can communicate directly with patient’s smartphones and tablets.

Cardiac Monitoring & Cardiac Rhythm Management Market Challenges 

High Cost of Devices

High Cost of Devices serves as a major setback for the growth of the Cardiac Monitoring & Cardiac Rhythm Management Market during the forecast period 2020-2025. Besides this, preference of drugs over treatment devices is another factor hampering the market growth in the upcoming years.

Cardiac Monitoring & Cardiac Rhythm Management Market Industry Outlook 

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Cardiac Monitoring & Cardiac Rhythm Management Market. Cardiac Monitoring & Cardiac Rhythm Management Market top 10 companies include General Electric Company, Koninklijke Philips N.V., Abiomed Inc., Berlin Heart GmBH, Medtronic Plc., Cardiac Science Corporation, 3M Pharmaceuticals, ELA Medica, Biotronik and Abbott Laboratories.

Cardiac Monitoring & Cardiac Rhythm Management Market Developments:

  • October 2020: CB Scientific Inc., launched my-cardia ECG products and Services in Thailand.


For more Lifesciences and Healthcare related reports, please click here
1. Cardiac Monitoring and Cardiac Rhythm Management  Market Overview
    1.1 Definitions and Scope
2. Cardiac Monitoring and Cardiac Rhythm Management  Market  - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Cardiac Monitoring and Cardiac Rhythm Management  Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Cardiac Monitoring and Cardiac Rhythm Management  Market- Startup companies Scenario Premium Premium  
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Cardiac Monitoring and Cardiac Rhythm Management  Market – Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Cardiac Monitoring and Cardiac Rhythm Management  Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Cardiac Monitoring and Cardiac Rhythm Management  Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. Cardiac Monitoring and Cardiac Rhythm Management  Market – By Product(Market Size –$Million/$Billion)
    8.1 Electrocardiogram Devices
    8.2 Implantable Loop Recorders
    8.3 Cardiac Output Monitoring Devices
    8.4 Event Monitors
    8.5 Pacemakers
        8.5.1 Single Chamber Pacemakers
        8.5.2 Dual Chamber Pacemakers
        8.5.3 Cardiac Resynchronization Therapy Pacemaker (CRT-P)
    8.6 Defibrillators
        8.6.1 Implantable Cardioverter Defibrillator (ICD)
        8.6.2 Non Implantable Cardioverter Defibrillator (NICD)
        8.6.3 Cardiac Resynchronization Therapy Defibrillator (CRT-D)
    8.7 Others
9. Cardiac Monitoring and Cardiac Rhythm Management  Market – By End-User (Market Size –$Million/$Billion)
    9.1 Hospital
    9.2 Clinics
    9.3 Ambulatory Surgical Centers
    9.4 Others
10. Cardiac Monitoring and Cardiac Rhythm Management  Market -  By Geography (Market Size -$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Cardiac Monitoring and Cardiac Rhythm Management  Market - Entropy
12. Cardiac Monitoring and Cardiac Rhythm Management  Market  – Industry/Segment Competition Landscape      Premium  
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Country- Key companies
        12.1.4 Best Practices for Companies
13. Cardiac Monitoring and Cardiac Rhythm Management  Market – Key Company List by Country Premium  Premium
14. Cardiac Monitoring and Cardiac Rhythm Management  Market Company Analysis
    14.1 Company Revenue, Products, M&A, Developments
    14.2 General Electric Company
    14.3 Koninklijke Philips N.V.
    14.4 Abiomed Inc.,
    14.5 Berlin Heart Gmbh
    14.6 Medtronic Plc.,
    14.7 Cardiac Science Corporation
    14.8 3M Pharmaceuticals
    14.9 ELA Medica
    14.10 Biotronik
    14.11 Abbott Laboratories
*Financials for private companies would be provided on a best efforts basis”.

List of Tables

1 US Cardiac Monitoring & Cardiac Rhythm Management Market Size 2018
2 Canada Cardiac Monitoring & Cardiac Rhythm Management Market Share 2018
3 Brazil Cardiac Monitoring & Cardiac Rhythm Management Market Outlook 2019 - 2023
4 Mexico Cardiac Monitoring & Cardiac Rhythm Management Market Research 2018
5 Germany Cardiac Monitoring & Cardiac Rhythm Management Market Trends 2019 - 2023 
6 France Cardiac Monitoring & Cardiac Rhythm Management Market Growth 2019 - 2023 
7 UK Cardiac Monitoring & Cardiac Rhythm Management Market Demand 2019 - 2023 
8 Italy Cardiac Monitoring & Cardiac Rhythm Management Market Segmentation 2018
9 Russia Cardiac Monitoring & Cardiac Rhythm Management Market Analysis 2019 - 2023
10 China Cardiac Monitoring & Cardiac Rhythm Management Market Revenue 2019 - 2023
11 Japan Cardiac Monitoring & Cardiac Rhythm Management Market Volume 2019 - 2023
12 South Korea Cardiac Monitoring & Cardiac Rhythm Management Market Potential 2019 - 2023
13 India Cardiac Monitoring & Cardiac Rhythm Management Market Leaders 2018
14 Saudi Arabia Cardiac Monitoring & Cardiac Rhythm Management Market Forecast 2019 - 2023 
15 Kuwait Cardiac Monitoring & Cardiac Rhythm Management Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link