Cardiac Monitoring & Cardiac Rhythm Management Market Overview – Key Futuristic Trends and Opportunities 2025
The cardiac monitoring & cardiac rhythm management market is expected to be worth $XX billion by 2025. The market is largely driven by factors such as rising incidence of cardiovascular disorders along with technological advancements in cardiac monitoring & cardiac rhythm management devices. According to a report published by American Heart Association in 2017, around 92.1 million American adults are living with some or other type of cardiovascular disease. The estimated number of new heart attacks in U.S. is 580,000 with 210,000 incidences of recurrent attacks. Moreover, increasing geriatric population around the world also contributes substantially to the market growth as older adults are more susceptible to cardiovascular disorders such as stroke, heart failure, congenital heart disease, angina, arrhythmia and myocardial infarction. However, high cost of devices, inadequate insurance coverage and more preference for drugs is expected to slow down growth of the cardiac monitoring and rhythm management market. Product Outlook and Trend Analysis The electrocardiogram (ECG) devices segment held the major share of the cardiac monitoring devices market in 2016 owing to their critical benefits in detecting cardiac infarction, coronary vessel diseases, lack or abundance of certain minerals and their influence on impulse conduction and atrial fibrillation or atrial flutter. Event monitors segment is expected to grow with the fastest growth rate during the forecast period owing to their small size and light weight which makes them convenient to be carried to the patient’s site. The defibrillators segment is expected to hold