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Global Cardiac Monitoring Market 2017-2021

Global Cardiac Monitoring Market 2017-2021

About Cardiac Monitoring

Cardiac monitoring refers to the continuous or intermittent observation of heart activity to determine the health of the heart. It helps diagnose cardiac arrhythmias and other heart conditions. Cardiac monitoring devices include ECG devices, cardiac event monitors, ILRs, and COM devices.

ECG devices are non-invasive diagnostic tools that are commonly used to monitor and record the electrical and muscular activity of the heart.

Technavio’s analysts forecast the global cardiac monitoring market to grow at a CAGR of 8.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global cardiac monitoring market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sales of cardiac monitoring devices.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cardiac Monitoring Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott
  • GE Healthcare
  • Hill-Rom
  • Medtronic
  • Philips Healthcare
Other prominent vendors
  • BioTelemetry
  • BIOTRONIK
  • Cheetah Medical
  • Deltex Medical
  • dms-service
  • Edwards Lifesciences
  • LiDCO
  • Manatec Biomedical
  • Midmark
  • NIHON KOHDEN
  • Schiller
  • SORIN GROUP
  • Spacelabs Healthcare
Market driver
  • Increasing prevalence of CVDs
  • For a full, detailed list, view our report
Market challenge
  • High cost of cardiac monitoring devices
  • For a full, detailed list, view our report
Market trend
  • Increasing number of M&A and strategic collaborations
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Cardiac Monitoring Market 2017-2021

Technavio recognizes the following companies as the key players in the global cardiac monitoring market: Abbott, GE Healthcare, Hill-Rom, Medtronic, and Philips Healthcare

Other Prominent Vendors in the market are: BIOTRONIK, Cheetah Medical, Deltex Medical, dms-service, Edwards Lifesciences, LiDCO, Manatec Biomedical, Midmark, NIHON KOHDEN, Schiller, SORIN GROUP, and Spacelabs Healthcare.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing number of M&A and strategic collaborations. Strategic M&A and collaborations are common in the global cardiac monitoring market. The key vendors acquire other companies to improve their products and increase their revenues. For instance, in January 2017, Abbott announced that it had completed the acquisition of St. Jude Medical. The acquisition provides Abbott with expanded opportunities for future growth. It will also help the company develop a strong and diverse portfolio of devices, diagnostics, nutritionals, and branded generic pharmaceuticals.”

According to the report, one of the major drivers for this market is Increasing prevalence of CVDs. The prevalence of CVDs such as angina, MI, stroke, heart failure, venous thromboembolism (VTE), and heart arrhythmia is increasing. CVDs are estimated to cause approximately 19 million deaths across the world by 2020. According to Eurostat, in 2013, CVDs caused 1.9 million deaths in the EU-28. According to the CDC, in the US, each year, approximately 610,000 people die from heart disease. Every year, in the US, about 735,000 people have a heart attack and about 795,000 people have a stroke.

Further, the report states that one of the major factors hindering the growth of this market is High cost of cardiac monitoring devices. The high cost of cardiac monitoring devices such as ECG devices and ILRs is affecting their adoption. ECG devices that are offered by key vendors such as GE Healthcare, Philips Healthcare, and NIHON KOHDEN cost around $1,000-$3,000. Hence, these devices are bought mostly by Tier-1 and Tier-2 hospitals. Patients without insurance find it difficult to afford ECG tests. For instance, the average cost of a provider-administered ECG test in the US is around $1500-$2000. This includes the cost of the test and the interpretation of the result by a trained cardiologist. Many vendors are developing alternative ECG devices such as ReadMyHeart, which is by DailyCare BioMedical, and AliveCor, which is offered by AliveCor, that use one to three leads, rely solely on integrated digital displays, are handheld, and inexpensive.

Companies Mentioned

Abbott, GE Healthcare, Hill-Rom, Medtronic, Philips Healthcare, BIOTRONIK, Cheetah Medical, Deltex Medical, dms-service, Edwards Lifesciences, LiDCO, Manatec Biomedical, Midmark, NIHON KOHDEN, Schiller, SORIN GROUP, and Spacelabs Healthcare.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Overview
  • Market landscape
    • Overview
      • Table Global cardiac monitoring market: Segmentation
    • Market size and forecast
      • Table Global cardiac monitoring market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Segmentation by product type
    • Overview
      • Table Global cardiac monitoring market: Segmentation by product type 2016 (% share)
    • ECG devices
      • Table Global ECG devices market 2016-2021 ($ millions)
      • Table Global ECG devices market: Segmentation by product type
      • Table Global ECG devices market: Segmentation by product type (% share)
      • Table Major resting ECG devices
      • Table Global resting ECG devices market 2016-2021 ($ millions)
      • Table Major stress ECG devices
      • Table Global stress ECG devices market 2016-2021 ($ millions)
      • Table Major Holter monitoring systems
      • Table Global Holter monitoring systems market 2016-2021 ($ millions)
    • ILRs
      • Table Major ILRs
      • Table Global ILRs market 2016-2021 ($ millions)
    • Cardiac event monitors
      • Table Major cardiac event monitors
      • Table Global cardiac event monitors market 2016-2021 ($ millions)
    • COM devices
      • Table Major COM devices
      • Table Global COM devices market 2016-2021 ($ millions)
  • Segmentation by geography
    • Overview
      • Table Global cardiac monitoring market: Segmentation by geography 2016 (% share)
    • Americas
      • Table Cardiac monitoring market in Americas 2016-2021 ($ millions)
    • EMEA
      • Table Cardiac monitoring market in EMEA 2016-2021 ($ millions)
    • APAC
      • Table Cardiac monitoring market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing number of M&A and strategic collaborations
    • Increasing adoption of portable cardiac monitoring devices
  • Vendor landscape
    • Competitive landscape
      • Table Global cardiac monitoring market: Competitive structure analysis 2016
  • Key vendor analysis
    • Abbott
      • Table Abbott: Key highlights
      • Table Abbott Laboratories: Strength assessment
      • Table Abbott Laboratories: Strategy assessment
      • Table Abbott Laboratories: Opportunity assessment
    • GE Healthcare
      • Table GE Healthcare: Key highlights
      • Table GE Healthcare: Strength assessment
      • Table GE Healthcare: Strategy assessment
      • Table GE Healthcare: Opportunity assessment
    • Hill-Rom
      • Table Hill-Rom: Key highlights
      • Table Hill-Rom: Strength assessment
      • Table Hill-Rom: Strategy assessment
      • Table Hill-Rom: Opportunity assessment
    • Medtronic
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Philips Healthcare
      • Table Philips: Key highlights
      • Table Philips Healthcare: Strength assessment
      • Table Philips Healthcare: Strategy assessment
      • Table Philips Healthcare: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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