by John R. Fischer
, Senior Reporter | December 12, 2017
NEW YORK, December 12, 2017 /PRNewswire/ -- According to the latest market report published by Persistence Market Research, titled 'Cardiac Arrhythmia Monitoring Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)', the global cardiac arrhythmia monitoring devices market is expected to expand at a CAGR of 6.6% during the forecast period 2017-2025.
The market is segmented based on product type, application, end user and region. On the basis of product type, the market has been segmented into five segments such as implantable cardiac monitors, resting ECG devices, ECG stress test devices, mobile cardiac telemetry monitors and holter monitors. Implantable cardiac monitors segment is expected to be the fastest growing segment over the forecast period, registering the significant CAGR of 9.2% in terms of revenue, over the forecast period. Increasing demand for technologically advanced in cardiac arrhythmia monitoring devices such as implantable cardiac monitors and mobile cardiac telemetry monitors worldwide over the forecast period is expected to boost the growth of the market.
Global Market Research Report Overview @ https://www.persistencemarketresearch.com/market-research/cardiac-arrhythmia-monitoring-devices-market.asp
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The implantable cardiac monitors segment is expected to reach a market value of US$ 1,608.5 Mn by 2025 end. The mobile cardiac telemetry monitors segment revenue is also expected expand at significant CAGR over the forecast period. On the basis of application, the market has been segmented into atrial fibrillation, bradycardia, conduction disorders, premature contraction, tachycardia, ventricular fibrillation and others.
On the basis of end user, the market has been segmented into hospitals, ambulatory surgical centers, diagnostics centers, homecare settings, long term care centers and emergency medical services. On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East and Africa (MEA).
The increasing demand for advanced cardiac arrhythmia monitoring devices, such as such as implantable cardiac monitors and mobile cardiac telemetry monitors to monitor and detect the electrical activity of the heart is fuelling the global cardiac arrhythmia monitoring devices market. The increasing incidence of cardiovascular diseases and disorders globally include atrial fibrillation, bradycardia, conduction disorders, premature contraction, tachycardia, and ventricular fibrillation is anticipated to boost the demand for the cardiac arrhythmia monitoring devices and drives the growth for the cardiac arrhythmia monitoring devices market over a forecast period. The increasing adoption rate of low cost ECG devices and services among lower income groups from the developing regions such as Asia Pacific, is anticipated to propel the demand of the cardiac arrhythmia monitoring devices and drives the growth of the cardiac arrhythmia monitoring devices market over long run. Increasing government spending on healthcare infrastructure in developed economies and favourable reimbursement policies for treatment of is expected to bolster the growth of the global cardiac arrhythmia monitoring devices market.