Implantable Cardiac Monitor Market Size worth $37.8 Billion, Globally, by 2028 at 5.76% CAGR: Verified Market Research®

The increasing number of cases of atrial fibrillation, myocardial infarction and unhealthy lifestyle, as well as the growing investment in the health sector, have driven the demand for cardiac monitoring devices and helped the market.

JERSEY CITY, NJ, April 7, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Implantable Cardiac Monitor Market” By type of indication (cardiac arrhythmias, atrial fibrillation, epilepsy, and unexplained falls), by end user (hospitals, ambulatory surgical centers, and cardiac clinics and centers), and by geography. According to Verified Market Research, the global market for implantable cardiac monitors is size was valued at $24.1 billion in 2020 and is projected to reach $37.8 billion by 2028, growing at a CAGR of 5.76% from 2021 to 2028.



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Overview of the global market for implantable cardiac monitors

Cardiac arrhythmia is a medical condition in which the patient suffers from an irregular heartbeat, either too slow or too fast. Depending on the frequency of the heartbeat, it is called bradycardia, tachycardia, and fibrillation for slow, fast, and irregular heartbeats, respectively. These diseases are becoming more frequent due to multiple factors such as high blood pressure, hypertension, smoking, tobacco use, diabetes. These are the effect of a sedentary lifestyle that increases the consumption of foods rich in calories and cholesterol with increasing urbanization. In addition, the increasing aging of the population has contributed to the increasing prevalence of these diseases with reduced immunity that are more prone to these disorders.

Conventional ECG machines in which patients are diagnosed with symptoms for a limited period may not be able to show irregular heartbeats that are intermittent and can occur due to some triggers. Because of this, implantable cardiac monitoring devices are used to monitor and collect ECG data for proper diagnosis of symptoms and to increase the effectiveness of treatment. The advancement in the health sector with the introduction of technological developments has increased the rate of adoption of new types of equipment and procedures to treat and monitor medical conditions that were previously untreatable. The growing awareness among people to take preventive actions for health and the growing investment in the health sector, together with the growing need for minimally invasive procedures, have driven the demand for cardiac monitoring devices and helped the market prosper.

key developments

  • june 2020: LUX-Dx, an insertable cardiac monitor from Boston Scientific, has been approved by the US Food and Drug Administration. It is the first ICM device with remote programming coupled with a two-stage arrhythmia detection algorithm. These devices are expected to grow the market.

  • May 2020: Biotronik, another leader in cardiac rhythm monitoring, announced its new partnership with Acutus Medical to develop electrophysiology products to treat cardiac arrhythmias worldwide. Europe and Asia. The high CAGR of the market is attributed to such alliances due to the fact that the market will have new products in the future.

key players. main players

The major players in the market are Edwards Lifescience Corporation, Nihon Kohden Corporation, Abbott Laboratories, General Electric Company, Koninklijke Philips NV, Biotronik SE & Co. KG, Boston Scientific Corporation, LivaNova PLC, Medtronic plc, Phoenix Heart Center.

Verified Market Research has segmented the global Implantable Cardiac Monitor market on the basis of type of indication, end user, and geography.

  • Implantable cardiac monitor market, by type of indication

  • Implantable Cardiac Monitor Market, by End User

  • Implantable Cardiac Monitor Market By Geography

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