Global Cardiac Arrhythmia Monitoring Devices Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Title:
Global Cardiac Arrhythmia Monitoring Devices Market Global Trends, Market Share,
Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026
Real-time cardiac disease monitoring has made revolutionary changes in patient care
across homecare settings, clinics, outpatient centres and outdoor care models. The
integration of real-time patient monitoring platforms with diagnostic equipment has
helped physicians to take more precise treatment decisions. This has led to an increase
in the efficacy of overall treatment and also reduced the patient morbidity caused due
to late diagnostics.
The integrative approach between computer science, communication technology, and
medicine has enabled the service provider to cater to patient need efficiently. The
emergence of telemedicine and popularisation smartphone technology has changed the
landscape of cardiac monitoring. Furthermore, the companies operating in the market
are competing on the basis of more advanced and connected cardiac arrhythmia
monitoring devices which is anticipated to fuel the market growth in the near future.
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Cardiac Arrhythmia Monitoring Devices Market Estimated to Register CAGR of 6.5%
during 2018-2026
The global cardiac arrhythmia monitoring devices market is poised to observe steady
growth during the forecast period and is estimated to register a CAGR of 6.5%.
Increasing Incidence of Cardiac Arrhythmia and Conduction Disturbance Disorder
among Geriatric Population
Atrial fibrillation is one of the most common types of cardiac arrhythmia disorder
caused to 1-2% of the total world population. The prevalence of atrial fibrillation is
high among the ageing population. Moreover, the growth of atrial fibrillation is
anticipated to witness acceleration due to an increase in the prevalence of diabetic
patient suffering from CVS related disorder and arterial hypertension.
According to World Population Prospects the 2017 revision by the United Nations, the
number of geriatric population (60 years +) is anticipated to get double by the end of
2050 rising from 962 million globally in 2017 ro 2.1 billion in 2050. Globally, the
population for this age group is growing at a much faster rate, especially in the EU and
Japan, boosting the demand for more advanced and real-time heart rhythm
monitoring systems.
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Limited Penetration Across Homecare Setting Environment in Asian Countries
The lesser availability of advanced cardiac arrhythmia and lack of awareness
pertaining to usage of holter monitoring system among the patient population are the
primary factors hindering the adoption of cardiac arrhythmia monitoring devices in
some Asian countries such as India, China, Indonesia, and other South East Asian
countries. Patient population prescribed with real-time cardiac rhythm monitoring are
facing challenges in terms of device usage. This is mainly due to limited knowledge
about integrated patient monitoring devices amongst patients. The study states Asia
Pacific Cardiac Arrhythmia Monitoring Devices market is expected to grow at a CAGR
of 6.5% during the forecast period.
Furthermore, the study states North America & Europe Cardiac Arrhythmia
Monitoring Devices market are collectively accounted for US$ 3,068.2 Mn in 2018 and
is expected to reach US$ 4,702.6 Mn by the end of 2026. Europe Cardiac Arrhythmia
Monitoring Devices market exhibits incremental opportunity of US$ 729 Mn over
2018-2026.
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Real-time cardiac disease monitoring has made revolutionary changes in patient care across homecare settings, clinics, outpatient centres and outdoor care models. The integration of real-time patient monitoring platforms with diagnostic equipment has helped physicians to take more precise treatment decisions. This has led to an increase in the efficacy of overall treatment and also reduced the patient morbidity caused due to late diagnostics.