The implantable cardiac monitor is also known as the implantable loop recorder. These are small devices that monitor heart rhythms. The increase in the incidences of cardiac arrhythmias such as atrial fibrillation and bradycardia has increased the market size of the global implantable cardiac monitor market. The implantable cardiac monitor technology avoids the need for external monitors that require wire leads attached to the patient. The cardiac monitor devices are technically advanced so they are easily implemented for continuously monitoring the heart for detecting cardiac arrhythmias and atrial fibrillation. This has to facilitate market development.
The major reasons contributing to growth in market development are the prolonged durability of implantable cardiac monitors, growing investments by top players as well as less hospital stay, and rarer hospital readmission. Furthermore, increasing incidences of arrhythmias, myocardial infarction, and atrial fibrillation have added growth to the market.
According to the W.H.O. (World Health Organization), the senior population is expected to reach 2 Billion around the globe by the year 2050. Elderly people have more diseases such as atrial fibrillation and cardiac arrhythmia. Hence need to monitor the heart rate. The growing old age population is anticipated to create huge opportunities in the market during the forecast period.
On the other hand, an alternative different mode of treatment is available and the High cost of devices are some factors that may hamper the growth of the implantable cardiac monitor market. However, various treatment options for cardiac disorders and rising awareness about newly developed devices will create new opportunities for market growth in the future.
Implantable Cardiac Monitor Market Segment Overview
Implantable Cardiac Monitor Market is divided by Application into Hospitals, Cardiac Center & Clinics, and Ambulatory Surgical Centers (ASCs). Among these, the hospital's segment is expected to hold the highest shares in the forecasted period. Due to the implantation of devices in hospitalization. Furthermore, the ambulatory surgical center's segment is expected to enlarge at a substantial rate owing to the low cost and ready availability of treatment at these centers. These centers are easily available and helpful to patients.
Implantable Cardiac Monitor Market Regional Overview
North America represents a higher adoption of the implantable cardiac monitor and is expected to hold the highest implantable cardiac monitor market share during the forecast period. This is attributable to some reasons including a higher adaptation of technically advanced implantable cardiac monitors and consumer awareness about health. Additionally, key factors for market growth are the presence of major healthcare companies and a favorable reimbursement framework. It is expected that the emerging countries such as the Asia-Pacific region, there is growth in market size due to the increasing occurrence of atrial fibrillation, increasing senior population along with increasing cases of obesity.
Implantable Cardiac Monitor Market Competitor overview
The top players in the market have invested in enhancement in the treatment for the patients by providing advanced and innovative ways of monitoring irregular heart rhythms on smartphones. This allows the doctors to keep a record of the patient’s condition. Moreover, various companies holding strong and significant opportunities with innovative technologies about the product are now ready to enter the market.
Implantable Cardiac Monitor Market Market, Key Players
• Abbott Laboratories
• Biotronik SE & Co. KG
• Boston Scientific Corporation
• Edwards Lifescience Corporation
• General Electric Company
• Koninklijke Philips N.V.
• LivaNova PLC
• Medtronic plc
• Nihon Kohden Corporation
• Phoenix Heart Center
Implantable Cardiac Monitor Market Segmentation
Implantable Cardiac Monitor Market, By Type
· Cardiac Arrhythmias
· Atrial Fibrillation
· Epilepsy & Unexplained Falls
Implantable Cardiac Monitor Market, By Application
· Hospitals
· Cardiac Center & Clinics
· Ambulatory Surgical Centers (ASCs)
Implantable Cardiac Monitor market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Implantable Cardiac Monitor Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Cardiac Arrhythmias
- 5.2.2. Atrial Fibrillation
- 5.2.3. Epilepsy & Unexplained Falls
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Hospitals
- 5.3.2. Cardiac Center & Clinics
- 5.3.3. Ambulatory Surgical Centers (ASCs)
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Asia Pacific
- 5.4.5. Middle East and Africa
6. North America Implantable Cardiac Monitor Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Cardiac Arrhythmias
- 6.2.2. Atrial Fibrillation
- 6.2.3. Epilepsy & Unexplained Falls
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Hospitals
- 6.3.2. Cardiac Center & Clinics
- 6.3.3. Ambulatory Surgical Centers (ASCs)
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Latin America Implantable Cardiac Monitor Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Cardiac Arrhythmias
- 7.2.2. Atrial Fibrillation
- 7.2.3. Epilepsy & Unexplained Falls
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Hospitals
- 7.3.2. Cardiac Center & Clinics
- 7.3.3. Ambulatory Surgical Centers (ASCs)
- 7.4. Insights and Forecast – By Country
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
8. Europe Implantable Cardiac Monitor Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Cardiac Arrhythmias
- 8.2.2. Atrial Fibrillation
- 8.2.3. Epilepsy & Unexplained Falls
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Hospitals
- 8.3.2. Cardiac Center & Clinics
- 8.3.3. Ambulatory Surgical Centers (ASCs)
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
9. Asia Pacific Implantable Cardiac Monitor Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Cardiac Arrhythmias
- 9.2.2. Atrial Fibrillation
- 9.2.3. Epilepsy & Unexplained Falls
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Hospitals
- 9.3.2. Cardiac Center & Clinics
- 9.3.3. Ambulatory Surgical Centers (ASCs)
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. South East Asia
- 9.4.6. Rest of Asia Pacific
10. Middle East & Africa Implantable Cardiac Monitor Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Cardiac Arrhythmias
- 10.2.2. Atrial Fibrillation
- 10.2.3. Epilepsy & Unexplained Falls
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Hospitals
- 10.3.2. Cardiac Center & Clinics
- 10.3.3. Ambulatory Surgical Centers (ASCs)
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Abbott Laboratories
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Biotronik SE & Co. KG
- 11.6. Boston Scientific Corporation
- 11.7. Edwards Lifescience Corporation
- 11.8. General Electric Company
- 11.9. Koninklijke Philips N.V.
- 11.10. LivaNova PLC
- 11.11. Medtronic plc
- 11.12. Nihon Kohden Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
