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Cardiac Monitoring & Cardiac Rhythm Management Market Trends, Growth Drivers, and Forecast – 2022

Development of miniaturized, portable devices, especially ECG systems and event monitors, is projected to propel the market growth.

PORTLAND, OREGON, US, December 16, 2021 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Cardiac Monitoring & Cardiac Rhythm Management Market: Global Opportunity Analysis and Industry Forecast, 2014-2022”. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Global cardiac monitoring & cardiac rhythm management market is expected to reach $32,216 million by 2022 from $19,397 million in 2015, growing at a CAGR of 7.6% from 2016 to 2022. Defibrillators are estimated to generate the highest revenue among all segments during the forecast period, owing to increasing adoption of technologically advanced defibrillators, growing demand for quality medical care, high incidences of sudden cardiac arrest (SCA), across the globe.

Access Full Summary at: https://www.alliedmarketresearch.com/cardiac-monitoring-and-cardiac-rhythm-management-market

The ECG devices was the predominant segment in 2015, accounting for 5,260 thousand units, and is expected to grow at a CAGR of 9.0% (in volume) during the forecast period. Event Monitors is projected to be the fastest growing segment, with a CAGR of 33.8% during the forecast period.

limited insurance coverage, high cost of devices (especially in developing nations) and preference for drugs over treatment devices will hamper the market growth. Conversely, development of new MRI-labeled devices and growth opportunities in emerging economies of the Asia-Pacific and LAMEA regions are expected to provide opportunities for market growth during the forecast period.

For Purchase Inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1821

Key findings of the Report:

• Based on product type, defibrillators segment accounted for nearly two-fifth of the total market in 2015
• Event monitors are expected to grow at the highest rate (with a CAGR of 33.8%) owing to their lightweight, portable nature and long battery life
• Based on end user, hospitals & clinics accounted for more than three-fourth of the total market in 2015
• Ambulatory Surgical Centers (ASCs) is expected to grow at the highest CAGR (10.0%) throughout the forecast period, as they provide a cost-effective and high-quality alternative to hospital-based treatment

Other Trending Reports:

Electrocardiograph (ECG) Market
South Korea ECG Market
ECG Telemetry Equipment Market

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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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