Implantable cardiac monitors is a type of device for monitoring heart for recording heart rhythm. This can record continuously for up to three years. It works by recording the electrical signals of patients heart and remotely monitored by way of a small device inserted under the skin of the chest. It provides all the answers related to heart which other devices can not provide. There is prevalence of cardiovascular diseases among people which is driving the growth of implantable cardiac monitors market. While some of the factors like high cost associated with it is hampering the market growth.This growth is primarily driven by Increased Prevalence of the Cardiovascular Diseases among People, Rise in the Number of Hospitals and Clinics and Growing Demand for Implantable Cardiac Monitors from Developing Countries such as China and India.
Globally, a noticeable market trend is evident Increasing Awareness among People about Cardiovascular Diseases. Major Players, such as Abbott Laboratories (United States), Biotronik SE & Co. KG (Germany), Boston Scientific Co (United States), Edwards Life Science Co (United States), GE Healthcare (United States), Koninklijke Philips N.V. (Philips Healthcare) (Netherlands), Livanova Plc (Sorin) (United Kingdom), Medtronic Plc (Ireland), Nihon Kohden Co (Japan) and Phoenix Heart PLLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increased Prevalence of the Cardiovascular Diseases among People
- Rise in the Number of Hospitals and Clinics
- Growing Demand for Implantable Cardiac Monitors from Developing Countries such as China and India
- Increasing Awareness among People about Cardiovascular Diseases
- High Cost of the Implantable Cardiac Monitors
Growth in the Healthcare Industry Worldwide, Growing Geriatric Population Worldwide and Rise in the Research and Development Activities
Stringent Regulatory Procedures for Product Approval and Security Concerns in the Devices and Connectivity Problems
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