Remote Cardiac Monitoring Services Market To Reach USD 1.25 Billion By 2026| CAGR of 11.5% | Preventice Solutions, Honeywell Life Care Solutions, Cardionet, etc
: New York, United States, 28-July-2020, (Via WiredRelease), (Reports and Data) – The Global Remote cardiac monitoring services Market is forecast to reach USD 1.25 Billion by 2026, according to a new report by Reports and Data. The market expansion of remote cardiac monitoring has been boosted due to various driving factors. One of the significant reason for the development of this market is the increase in the rate of obesity, which results in cardiovascular diseases [CVD]. Due to the rise in the rate of occurrence of CVD, remote cardiac monitoring services are becoming increasingly relevant for the healthcare sector, which is turning out to be a significant driving factor for this industry.
In addition to the fact as mentioned above, a wide range of applicability of the service in detection, monitoring, and treatment of heart activities along with identifying abnormal heart rhythm has also contributed to the growth of this industry. Increase in rate of occurrence of CVD has resulted in creating a burden on the care providing organizations. Such a burden on the care providing organization has resulted in increased public and private investment in this industry. Due to the increase in investments, the industry is coming up with new services, that impacts the growth of the industry positively.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
Preventice Solutions, Honeywell Life Care Solutions, Cardionet, Koninklijke Philips, Medtronic, Boston Scientific Corporation, Biotronik SE & Co. KG, Cardiac Science Corporation, Hill-Rom Holdings, Inc., LivaNova PLC, ReliantHeart Inc., St. Jude Medical, Inc, and Schiller AG.
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For the purpose of this report, Reports and Data have segmented into the global Remote Cardiac Monitoring Services market on the basis of type, propellants, application, and region:
Product Type Outlook (Revenue, USD Billion; 2016-2026)
Cardiac Event RecorderLoop memory MonitorInsertable Cardiac Monitor (ICM)Mobile Cardiac Telemetry Devices
Technology Type Outlook (Revenue, USD Billion; 2016-2026)
Digital Health TechnologyAutoDetect MonitorsManual Event MonitorSmart Wearable ECG Monitors
Event monitoring Type Outlook (Revenue, USD Billion; 2016-2026)
Pre-Symptom (Memory Loop)Post-Symptom Event Monitor
Application Type Outlook (Revenue, USD Billion; 2016-2026)
Coronary Artery DiseaseArrhythmiaHypertension
Regional Outlook (Revenue, USD Million; 2017-2027)
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