Global Insertable Cardiac Monitors (ICM) Market 2021 is Showing Impressive Growth by 2029 | Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research
This Global Insertable Cardiac Monitors (ICM) Market research report focuses on the market and delivers a detailed analysis of the market and future prospects of the global market. The critical and significant data in the study makes the research a very vital tool for the experts and analysts and managers to get ready to access analysis by the industry professionals. The global Global Insertable Cardiac Monitors (ICM) Market report provides the complete analysis of the global market size data and development forecast from 2019-2026. This Global Insertable Cardiac Monitors (ICM) Market report also includes complete information of main manufacturers /suppliers of the market around the world.
This Global Insertable Cardiac Monitors (ICM) Market research report sheds light on the latest technological advancements, upcoming business opportunities, market restraining factors and threats to offer a perfect acumen for in depth market study. It also deals with region wise industrial environment. regulatory structure, competitive landscape, raw materials sources that might influence the Industry. The top to bottom and bottom to top approaches are utilized to plan the market size of the industry supply chain.
Global Insertable Cardiac Monitors (ICM) Market By Type (Multiple Lead Mobile Cardiac Telemetry Systems, Mobile Cardiac Telemetry Patch, Others), Disease (Renal Disease, Cardiac Arrhythmias, Atrial Fibrillation, Stroke, Syncope, Others), End User (Hospitals, Diagnostic Centers, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Insertable Cardiac Monitors (ICM) Market
Global insertable cardiac monitors (ICM) market is set to witness a substantial CAGR of 8.9% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to increasing demand for insertable cardiac monitors.
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Key Market Competitors:
Few of the major competitors currently working in global insertable cardiac monitors (ICM) market are Abbott, Medtronic, BioTelemetry, Inc., Siemens, Boston Scientific Corporation, Koninklijke Philips N.V, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, SHL Telemedicine, The ScottCare Corporation, Medicomp Inc., Preventice Solutions, Inc., Applied Medical Resources Corporation, among others.
Market Definition: Global Insertable Cardiac Monitors (ICM) Market
Insertable cardiac monitor (ICM) or implantable cardiac monitor is a small size electrophysiology device, used for hearts electrical activity monitoring to detect arrhythmias. The market is expected to rise rapidly in the future as ICM has eliminated requirement of bulky external Holter monitor and wire leads which is increasing demand for ICM in the forecast period.
Global insertable cardiac monitors (ICM) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of insertable cardiac monitors (ICM) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Increasing number of cardiac arrhythmia around the world is expected to drive the growth of the market in the forecast period.
- Increasing technological advancement in insertable cardiac monitor (ICM) is increasing usage of Insertable cardiac monitor (ICM) enhances the growth of this market.
- Increasing levels of geriatric population resulting in greater application of insertable cardiac monitors (ICM) to monitor heart activates also acts as a major market driver
- Increasing demand for subcutaneous insertable cardiac devices also augments the market growth
- Insertable cardiac monitor (ICM) is associated with risk of over-sensing and under-sensing which is expected to hinder the market growth
- Insertable cardiac monitors (ICM) are costly which is hampers the usage of insertable cardiac monitors (ICM) hence acting as a restraining factor
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Industry Type
- North America
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Key Insights in the report:
- Historical and current market size and projection up to 2027
- Market trends impacting the growth of the global taste modulators market
- Analyze and forecast the taste modulators market on the basis of, application and type.
- Trends of key regional and country-level markets for processes, derivative, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Key Developments in the Market:
- In July 2019, BIOTRONIK SE & Co. KG has received FDA clearance of the BIOMONITOR III an injectable cardiac monitor (ICM). The product is designed to detect arrhythmia and unexplained syncope to increase clarity and to reduce diagnosis duration. The approval will help company to increase product portfolio and market presence and place company among most technological advance companies in medical devices
- In May 2017, Abbott has launched world’s first smartphone compatible Confirm Rx Insertable Cardiac Monitor (ICM) to identify atrial fibrillation and cardiac arrhythmias. The major focus of the launch is to eliminate Traditional remote monitoring devices that requisites large handheld or bedside transmitters and to increase patient mobility. The launch will help company to increase the revenue generation as new technology will help both patients as well as cardiologists
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Segmentation: Global Insertable Cardiac Monitors (ICM) Market
- Multiple Lead Mobile Cardiac Telemetry Systems
- Mobile Cardiac Telemetry Patch
- Renal Disease
- Cardiac Arrhythmias
- Atrial Fibrillation
By End User
- Diagnostic Centers
- Specialty Clinics
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