About Ambulatory Cardiac Monitoring Devices
Ambulatory monitors are devices that are used to record the electrical activity of the human heart. Ambulatory monitors are used to detecting heart rhythm problems for longer periods of time. These monitor devices help to detect the heart with increased detection time and with more precise results as compared to traditional heart monitors. Ambulatory cardiac monitoring devices are used to assist doctors with irregular cardiac arrhythmias which occur only sporadically and unpredictably. Geographically, North America is leading in terms of revenue part from the region which can be attributed to an increase in government and private funding and a large volume of tests for cardiac diseases is performed especially in this region. Ambulatory Cardiac Monitoring Devices are used to monitor patients with syncope or for infrequent rhythm abnormalities and for long-term monitoring of atrial fibrillation post-ablation. Hence this is the key factor that is triggering the market over the forecast period
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is expected to grow market in the medical industry. It has rising high blood pressure, obesity, diabetes and more adoption of the monitoring devices are driving the demand for the market. Several companies are operating in the market to provide customers with better offers with various features & unique offerings. The market is a highly fragmented market with the presence of several market players and local players. Which is triggering the market growth over the forecast period Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic (Ireland), Boston Scientific (Unites States),, Abbott Laboratories (Unites States),, GE Healthcare (United States),, BIOTRONIK (Germany),, Koninklijke Philips (Netherlands), Asahi Kasei Corporation (Japan), Micro port scientific corporation (United States), NUUBO Smart Solutions Technologies, SL(Spain), Koninklijke Philips N.V (Netherlands), Welch Allyn – A Hill-Rom Inc.(United States), Spacelabs Healthcare, Inc (United States), Nihon Kohden Corporation (Japan), Fukuda Denshi Co, Ltd( Japan), Biotelemetry, Inc (United States), AliveCor, Inc (Unites States), Biotronik, Inc (Germany), Medronic, Plc (Ireland) and St. Jude Medical, LLC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ambulatory Cardiac Monitoring Devices market by and Region.
On the basis of geography, the market of Ambulatory Cardiac Monitoring Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. ECG device will boost the Ambulatory Cardiac Monitoring Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End use, the sub-segment i.e. Hospitals will boost the Ambulatory Cardiac Monitoring Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The wireless ECG monitors can be used for the continuous monitoring of patients suffering from CVD and for the detection of problems when they are usually easier to treat while avoiding life-threatening and expensive emergency admissions.
Market Growth Drivers:
It helps to record patient heart rhythm and blood flow regulation in the human body
Challenges:
large amount skilled labour is required
Restraints:
The sampling period is usually for a short period of time which to allow the capture of infrequent arrhythmia.
Opportunities:
Ambulatory monitors are devices is used to record the electrical activity in the human heart.
Market Leaders and their expansionary development strategies
On 21 January 2021 Boston Scientific acquires cardiac sensor maker preventive solutions. Preventive Solutions is a remote patient monitoring device and it has acquired by medical technology firm Boston Scientific for USD 925 million, with as much as USD300 million
On 8th October 2020, Medtronic launches world-first pacemaker which Can Communicate directly with Patients via smartphones and tablets as well as another device
Key Target Audience
OEM (Original Equipment Manufacturer), Equipment Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.