United States Cardiac Monitoring & Cardiac Rhythm Management Devices Market to Grow with an Impressive CAGR until 2026
Rapidly rising instances of cardiac
disorders are driving the growth of United States cardiac monitoring &
cardiac rhythm management devices market in the forecast period.
According to TechSci report on, “United States Cardiac Monitoring & Cardiac Rhythm Management
Devices Market By Product Type (Cardiac
Monitoring Devices v/s Cardiac Rhythm Management Device), By End User
(Hospitals & Clinics, Cardiac Care Centers, Ambulatory Surgery Centers,
Others), By Region, Competition Forecast & Opportunities, 2026”, United
States cardiac monitoring & cardiac rhythm management devices market has shown promising growth in historical years
until 2020 and is expected to continue its growth in upcoming forecast years
2021 to 2026. United States cardiac monitoring & cardiac rhythm management
devices market owes its growth to the factors like rising instances of
cardiovascular diseases that require the patients to keep monitoring their
heart condition and its functioning. Moreover, increasing risk factors like tobacco
consumption, high blood pressure (hypertension), high cholesterol, obesity, physical
inactivity, diabetes, unhealthy diets, and consumption of alcohol are
increasing the chances of population contracting the cardiovascular diseases
and cardiac disorders. Furthermore, the changing lifestyle of the population is
increasing the chances of being affected by disorders like hypertension,
diabetes, dyslipidemia, and obesity, which also contributes to the rising
incidences of CVD across the country.
Cardiac
monitoring devices are cardiovascular care devices that are often
battery-powered portable devices which record the ECG activity of the heart and
monitors any kind of irregularity. Patients suffering from heart diseases need
post-surgery monitoring devices like cardiac monitoring devices. Cardiac rhythm
management devices perform many functions, including bradycardia pacing,
monitoring for arrhythmias, cardiac resynchronization for heart failure,
defibrillation and anti-tachycardia pacing for tachyarrhythmias.
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The
United States cardiac monitoring & cardiac rhythm management devices market
is segmented by product type, end user, competitional landscape, and regional
distribution. Based on product type, the market is further segmented into
cardiac monitoring devices and cardiac rhythm management devices. Cardiac
monitoring devices include ECG devices, implantable loop recorders, mobile
cardiac telemetry devices, cardiac output monitoring devices, others. ECG
devices are anticipated to hold the largest revenue shares and dominate the
market segment on the account of technological advancements such as the
incorporation of advanced algorithms and workflow improvement features, such as
simplified operations, touchscreen systems, portability, wireless features, and
better connectivity with cardiovascular information systems (CVIS), electronic
medical records (EMRs), and ECG management systems. Cardiac rhythm management
devices, include defibrillators and pacemakers. Defibrillators are anticipated
to hold the largest revenue shares of the market sub segment in the upcoming
five years on the account of rising prevalence of CVD, growing focus on
providing public-access defibrillators along with the technological
advancements in the medical devices and continued research and development.
Based
on end users, the market is further bifurcated into hospitals & clinics,
cardiac care centers, ambulatory surgery centers, and others. Hospitals &
clinics are anticipated to hold the largest shares of the market in the
upcoming five years. The market growth is expected on the backbone of rising
number of surgeries being conducted in the hospitals and clinics. The patients
are required to be monitored after surgical procedures for the treatment of
heart diseases and cardiac disorders. Ambulatory care centers are also
anticipated to hold significant shares of the market due to incoming of the
patients for out-patient services and post-op medical assistances.
A
partial list of market players in the United States cardiac monitoring &
cardiac rhythm management devices market includes, Abbott Laboratories, Inc.,
Medtronic USA, Inc., Boston Scientific Corporation, GE Healthcare, Philips
Healthcare (USA), Hill-Rom Holdings, Inc., BIOTRONIK, Inc., Alivecor, Inc.,
among others. These market players hold larger shares of the market than the
new market players. With the advancement of the technology, it is appropriate
to say that the effective research and development of the technologically
advanced medical devices would support the market growth and benefit the market
players as well as the consumers. New market players may focus on the research
and development to provide devices that satisfy the consumer demand as well as
benefits the market players in building their brand value. Other competitive
strategies include mergers & acquisitions and new product developments.
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“United
States cardiac monitoring & cardiac rhythm management devices market is
anticipated to grow impressively in the future. The country supports a
world-class healthcare facility with the most advanced technology and extensive
research and development. Moreover, cardiovascular diseases are ‘silent
epidemic’. In addition, they are estimated to be one of the most expensive
health conditions to treat. Early detection is the key to prevention, that can
only be achieved through constant monitoring, challenging as it may sound the
advent of pocket-sized, user-friendly technologies is strategically beneficial.
Market players are advised to indulge in extended research and development to
establish their own brand in the market,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“United States Cardiac Monitoring & Cardiac
Rhythm Management Devices Market By Product Type (Cardiac Monitoring Devices
v/s Cardiac Rhythm Management Device), By End User (Hospitals & Clinics,
Cardiac Care Centers, Ambulatory Surgery Centers, Others), By Region,
Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United
States cardiac monitoring & cardiac rhythm management devices market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the United States cardiac monitoring & cardiac rhythm
management devices market.
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