Acumen Research and Consulting estimates that global Cardiac Monitoring & Cardiac Rhythm Management Market is expected to reach the market value of around US$ 28 Bn by 2027 and anticipated to grow at a CAGR of around 4% in terms of revenue during the forecast period 2020 – 2027.
Cardiac monitoring reflects the activity of the heart in the form of pressure waves and tracks heart function constantly, usually with electrocardiography. When the heart does not function properly, cardiac rhythm control systems are used. These are mounted in the heart walls, ensuring that the heart functions efficiently and properly. An increasing prevalence of cardiovascular disorders at a young age, rising obese population, growing geriatric population and technical advancement in treatment choices are driving global cardiac monitoring and rhythm control equipment industry. Factors such as costly diagnoses and treatments of cardiovascular diseases and fewer reimbursement policies in Asia Pacific countries are nevertheless likely to curb the global market for cardiac monitoring and rhythm devices.
The report provides an analysis of global Cardiac Monitoring & Cardiac Rhythm Management Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
Rising incidences of coronary diseases, rising use of home and ambulatory facilities, favorable policy legislation and technical advancement are the key factors driving the cardiac monitoring and cardiac rhythm control industry. The advent of innovative medical equipment including subcutaneous ICDs, AEDs and MRI pacemakers would be the driving force behind medical testing and rhythm control. Cardiovascular disorders (CVDs) are a major cause of death in the United States. As per WHO, it is estimated that one-fourth of all deaths are caused by CVDs. More than 85.0 percent of the CVD-related deaths in the world were ischemic heart failure and stroke. The CDC reports that CVDs were responsible for nearly 840,768 deaths in the US in 2019. Furthermore, Coronary Heart Disease (CHD), along with heart and stroke, accounts for the bulk of CVD deaths. Through 2030 the economic cost of these diseases is estimated to reach US$ 1.0 Bn, demonstrating the growing need for heart control and heart rhythm treatment prevention products.
Increasing demand to better the lives of patients and increase the outcomes of various cardiac operations with state-of-the-art equipment, minimally invasive techniques, is a major driver of cardiac monitoring and control market development. In fact, beneficial compensation plans like those adopted by the United States such as The Medicare program is a big catalyst for the heart monitoring and cardiac rhythm control market.
The spread of COVID-19 triggered by SARS-CoV-2 had infected millions of people worldwide by May 2020. The infectious coronavirus also has an economic effect and implications in several industries, including the surgical equipment industry.
On 21 April 2020, the European Society of Cardiology indicated that CVD patients would be vigilant in the case of an outbreak with COVID-19. It is impossible to estimate the precise pandemic trajectory for Coronavirus in the world. Nevertheless, the rising demand for critical care equipment is expected to increase at an unprecedented pace in 2020, particularly in the U.S. and Europe.
Regional Stance
The worldwide demand for cardiac monitoring and rhythm control products is expected to dominate by North America and Europe due to the growing awareness of the use and available care choices. Asia Pacific is projected to be a region with a major cardiac monitoring and heart rhythm management market as a result of rising cardiovascular disease incidences, growing public awareness of the routine checkups, availability of multiple treatment options, and the availability of highly qualified healthcare professionals. The new business areas are Latin America and Middle East & Africa with tremendous promise.
Key Players & Strategies
Participants include major global Abbott, Medtronic, Boston Scientific Corporation, GE Company, ABIOMED, Koninklijke Philips N.V., Mortara Instrument, Biotronik SE & Co., KG, Hill-Rom, Schiller, NIHON KOHDEN CORPORATION, and Others.
Market Segmentation
Market By Product
Pacemaker
Implantable Cardioverter Defibrillator
Biventricular Pacemaker
Implantable Cardiac Loop Recorder
Market By Types of Cardiac Monitoring Devices
Electrocardiogram (ECG)
Cardiac Output Monitoring Device
Wireless ECG
Telelectro-Cardiogram
Lead ECG Test
Event Monitor
Holter Monitor
Implantable Loop Recorder
Market By End Use
Home/Ambulatory
Hospital
Others
Market By Region
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Cardiac Monitoring & Cardiac Rhythm Management
1.1. Definition and Scope
1.1.1. Definition of Cardiac Monitoring & Cardiac Rhythm Management
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Cardiac Monitoring & Cardiac Rhythm Management Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Cardiac Monitoring & Cardiac Rhythm Management Market By Product
1.2.3. Cardiac Monitoring & Cardiac Rhythm Management Market By Types of Cardiac Monitoring Devices
1.2.4. Cardiac Monitoring & Cardiac Rhythm Management Market By End Use
1.2.5. Cardiac Monitoring & Cardiac Rhythm Management Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Types of Cardiac Monitoring Devices
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio And Market Maturity Analysis of Cardiac Monitoring & Cardiac Rhythm Management Market
3.5.1. Go To Market Strategy
3.6. Technological Roadmap for Cardiac Monitoring & Cardiac Rhythm Management Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2019
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Cardiac Monitoring & Cardiac Rhythm Management Market By Product
4.1. Introduction
4.2. Cardiac Monitoring & Cardiac Rhythm Management Revenue By Product
4.2.1. Cardiac Monitoring & Cardiac Rhythm Management Revenue (US$ Mn) and Forecast, By Product, 2016-2027
4.2.2. Pacemaker
4.2.2.1. Pacemaker Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Implantable Cardioverter Defibrillator
4.2.3.1. Implantable Cardioverter Defibrillator Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Biventricular Pacemaker
4.2.4.1. Biventricular Pacemaker Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.5. Implantable Cardiac Pacemaker
4.2.5.1. Implantable Cardiac Pacemaker Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Cardiac Monitoring & Cardiac Rhythm Management Market Revenue By Types of Cardiac Monitoring Devices
5.1. Introduction
5.2. Cardiac Monitoring & Cardiac Rhythm Management Revenue (US$ Mn) By Types of Cardiac Monitoring Devices
5.2.1. Cardiac Monitoring & Cardiac Rhythm Management Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
5.2.2. Electrocardiogram (ECG)
5.2.2.1. Electrocardiogram (ECG) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Cardiac Output Monitoring Device
5.2.3.1. Cardiac Output Monitoring Device Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Wireless ECG
5.2.4.1. Wireless ECG Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Telelectro-Cardiogram
5.2.5.1. Telelectro-Cardiogram Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.6. Lead ECG Test
5.2.6.1. Lead ECG Test Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.7. Event Monitor
5.2.7.1. Event Monitor Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.8. Holter Monitor
5.2.8.1. Holter Monitor Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.9. Implantable Loop Recorder
5.2.9.1. Implantable Loop Recorder Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Cardiac Monitoring & Cardiac Rhythm Management Market By End Use
6.1. Introduction
6.2. Cardiac Monitoring & Cardiac Rhythm Management Revenue (US$ Mn) By End Use
6.2.1. Cardiac Monitoring & Cardiac Rhythm Management Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
6.2.2. Home/Ambulatory
6.2.2.1. Home/Ambulatory Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Hospital
6.2.3.1. Hospital Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Other
6.2.4.1. Other Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. North America Cardiac Monitoring & Cardiac Rhythm Management Market By Country
7.1. North America Cardiac Monitoring & Cardiac Rhythm Management Overview
7.2. U.S.
7.2.1. U.S. Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
7.2.2. U.S. Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016-2027
7.2.3. U.S. Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
7.3. Canada
7.3.1. Canada Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
7.3.2. Canada Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016-2027
7.3.3. Canada Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
7.4. North America PEST Analysis
CHAPTER 8. Europe Cardiac Monitoring & Cardiac Rhythm Management Market By Country
8.1. Europe Cardiac Monitoring & Cardiac Rhythm Management Overview
8.2. U.K.
8.2.1. U.K. Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.2.2. U.K. Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016-2027
8.2.3. U.K. Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.3. Germany
8.3.1. Germany Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.3.2. Germany Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016-2027
8.3.3. Germany Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.4. France
8.4.1. France Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.4.2. France Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016-2027
8.4.3. France Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.5. Spain
8.5.1. Spain Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.5.2. Spain Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016-2027
8.5.3. Spain Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.6. Rest of Europe
8.6.1. Rest of Europe Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.6.2. Rest of Europe Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016-2027
8.6.3. Rest of Europe Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Cardiac Monitoring & Cardiac Rhythm Management Market By Country
9.1. Asia Pacific Cardiac Monitoring & Cardiac Rhythm Management Market Overview
9.2. China
9.2.1. China Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
9.2.2. China Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
9.2.3. China Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.3. Japan
9.3.1. Japan Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
9.3.2. Japan Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
9.3.3. Japan Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.4. India
9.4.1. India Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
9.4.2. India Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
9.4.3. India Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.5. Australia
9.5.1. Australia Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
9.5.2. Australia Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
9.5.3. Australia Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.6. South Korea
9.6.1. South Korea Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
9.6.2. South Korea Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
9.6.3. South Korea Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
9.7.2. Rest of Asia-Pacific Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
9.7.3. Rest of Asia-Pacific Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Cardiac Monitoring & Cardiac Rhythm Management Market By Country
10.1. Latin America Cardiac Monitoring & Cardiac Rhythm Management Market Overview
10.2. Brazil
10.2.1. Brazil Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.2.2. Brazil Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
10.2.3. Brazil Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.3. Mexico
10.3.1. Mexico Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.3.2. Mexico Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
10.3.3. Mexico Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.4. Rest of Latin America
10.4.1. Rest of Latin America Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.4.2. Rest of Latin America Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 – 2027
10.4.3. Rest of Latin America Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
CHAPTER 11. Middle East & Africa Cardiac Monitoring & Cardiac Rhythm Management Market By Country
11.1. Middle East & Africa Cardiac Monitoring & Cardiac Rhythm Management Market Overview
11.2. Saudi Arabia
11.2.1. Saudi Arabia Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.2.2. Saudi Arabia Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
11.2.3. Saudi Arabia Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.3. UAE
11.3.1. UAE Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.3.2. UAE Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
11.3.3. UAE Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.4.2. Rest of Middle East & Africa Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By Types of Cardiac Monitoring Devices, 2016 - 2027
11.4.3. Rest of Middle East & Africa Cardiac Monitoring & Cardiac Rhythm Management Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
CHAPTER 12. Player Analysis Of Cardiac Monitoring & Cardiac Rhythm Management
12.1. Cardiac Monitoring & Cardiac Rhythm Management Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Types of Cardiac Monitoring Devices Launches and Types of Cardiac Monitoring Devices Enhancements
12.2.3. Mergers And Acquisition In Global Cardiac Monitoring & Cardiac Rhythm Management Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. Company Profile
13.1. Abbott
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (US$ Mn), 2019
13.1.3.2. Abbott 2019 Cardiac Monitoring & Cardiac Rhythm Management Business Regional Distribution
13.1.4. Types of Cardiac Monitoring Devices/ Service and Specification
13.1.5. Recent Developments & Business Strategy
13.1.6. Manufacturing Plant Footprint Analysis
13.2. Medtronic
13.3. Boston Scientific Corporation
13.4. GE Company
13.5. ABIOMED
13.6. Koninklijke Philips N.V.
13.7. Mortara Instrument
13.8. Biotronik SE & Co.KG
13.9. Hill-Rom
13.10. Schiller
13.11. NIHON KOHDEN CORPORATION
13.12. Others
