Posted on November 15, 2021
Global Report shows that “Cardiac Monitoring and Cardiac Rhythm Management Device Market” size is rising year by year at a significant CAGR value during the forecast period 2021 to 2025. Cardiac monitoring (CM) devices help in continuous monitoring of a patient’s cardiac activity. These devices play a crucial role in the treatment of cardiac disorders, including heart failure, atrial fibrillation and more.
The Cardiac Rhythm management market is driven by factors such as growing incidence of cardiac disorders, technological advancements, patient awareness and so. In the below shared infographics find the top insight on Cardiac Monitoring and Cardiac Rhythm Management Device market and know the benefits of Heart Performance Monitor Service in patient care.
Overview on Cardiac Monitoring & Cardiac Rhythm Management Device Market
- Market Driver
Increasing awareness initiatives & access to healthcare
- Market Trends
Increasing use of cardiac implant monitoring devices
- Market Challenge
Shortage of skilled clinicians
Cardiac Monitoring & Cardiac Rhythm Management Device Market Statistics
- 38.6% US population using wearables to measure Heart performance
- In 2021, Hospitals held the largest share of 42.65% and dominated the market
- Cardiac rhythm management device market held the largest revenue share of 37.9%
Top Impacting Factors on Growth of Cardiac Monitoring & Cardiac Rhythm Management Device Market
- Growing incidence of cardiac disorders
- Technological advancements
- Increasing patient awareness
- Unhealthy diet habits & changing lifestyle
- Increasing healthcare expenditure
- Limited insurance coverage and high cost of devices
Top Facts on Cardiac Monitoring & Cardiac Rhythm Management Device
- 44% of cardiac health tracking devices usage results in preventable heart events
- 56% of healthcare professionals gain health data of patients
- 37% of seniors saved their lives by tracking and monitoring cardiac illness
- 49.1% of the market is dominated by North America – a regional insight
Benefits Cardiac Monitoring & Cardiac Rhythm Management Device
- 65% of reduction in hospitalization due to cardiac disorders
- 24/7 recording helps in early detection of heart disorders and illness
- 80% reduction in time consumed to deduct clinical events
- 2X Higher the chance of survival for patients using a Cardiac Monitoring Devices
Market Segmentation on Cardiac Monitoring & Cardiac Rhythm Management Device
- By Product
ECG segment dominated the rhythm monitor market with a 34% share
- By End User
According to the American Heart Association, 2L patients suffered from CVDs & estimated 23.6 million by 2030
- By Type
Market is classified into defibrillators, pacemakers and others
- By Geography
Followed by North American, the European region holds more share and dominates the market
Tags: Cardiac ECG Monitoring Service, Cardiac Monitoring Devices, Cardiac Monitoring Services, Cardiac Rhythm Monitoring