Cardiac Monitoring and Cardiac Rhythm Management Devices Market Industry Press Release
Portland, OR -- (SBWIRE) -- 10/06/2017 -- According to a recent report published by Progressive Markets on the healthcare sector, which titled, "Global Cardiac Monitoring and Cardiac Rhythm Management Devices Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", the industry is anticipated to grow at a CAGR of 6.2% during the period, 2017–2025. It is suitable for manufacturers and stakeholders owing to comprehensive analysis it offers of factors that increase or decrease growth of the market.
Based on type, the study divides the global cardiac monitoring and cardiac rhythm management devices market into electrocardiogram (ECG) devices, cardiac output monitoring (COM) devices, implantable loop recorders (ILR), event monitors, cardiac resynchronization therapy (CRT) devices, pacemakers, defibrillator, ventricular assist devices (VADs), right ventricular assist device (RVAD), left ventricular assist device (LVAD), and biventricular assist device (BIVAD). According to the research, the industry finds its end-users in hospitals and clinics, ambulatory surgical centers (ASCs), and home settings. Geographically, it segments the market into Europe, North America, Latin America Middle East & Africa (LAMEA), and Asia-Pacific.
The research gives a brief introduction of the global cardiac monitoring and cardiac rhythm management devices market in terms of its scope. It offers summary which includes significant findings, competitive landscape, market attractiveness, trend analysis, and recent developments. It incorporates research methodology, such as Porter's Five Forces Analysis (PFFA) to understand rivalry in the industry. This also includes bargaining power of the supplier & buyer and threat from substitutes & new entrepreneurs. It divides the industry into product types, end-users, and geographies.
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The report analyzes share of the global cardiac monitoring and cardiac rhythm management devices market by product types, end-users, and geographies during the period, 2014–2025. It assesses market size of each type and end-user by region for the historic period and forecast period, 2014–2016 and 2017–2025, respectively. In addition, it evaluates market size of all nations of the industry during the aforementioned period.
The experts describe features that cause slow progress of the global cardiac monitoring and cardiac rhythm management devices market, such as less trained personnel and uncertain reimbursement policies. They explain alternative aspect that impede growth of the industry which includes lack of awareness. Moreover, the study provides certain key takeaways of the industry, such as it provides great competitive edge to manufacturers, stakeholders, and new entrants. It provides comprehensive evaluation of aspects that have potential to restrict or drive the industry.
The study on the global cardiac monitoring and cardiac rhythm management devices market offers manufacturers and producers to quickly identify opportunities present in the industry. It enables them to grab the future projects. It also encourages new entrepreneurs to participate in the market by providing the detailed information. The report helps to recognize the possible future investment pockets, thereby, promotes collaborations among vendors. It anticipates challenges and restraints of the industry which help producers and key stakeholders to take corrective steps during the forecast period.
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The study discusses big market players of the global cardiac monitoring and cardiac rhythm management devices market, such as Abiomed Inc, Biotronik SE & Co. KG, Berlin Heart GmbH, Boston Scientific Corp., General Electric Co. (GE), Cardiac Science Corporation, Hill-Rom Holdings, Medtronic PLC, Inc., St. Jude Medical, Inc., and Nihon Kohden Corp. It offers brief introduction of every manufacturer. Further, it analyzes business and finance segment of each company. It also evaluates recent advancements made by every firm. The experts describe various factors that vendors adopt to evolve market trends. These include product development, acquisition, product approval, and collaboration. The report explores factors that accelerate growth of the industry which include technological advancement. It discusses alternate aspects that propel demand of the industry, such as rise in geriatric population and incidences of cardiovascular diseases.