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Ambulatory arrhythmia monitoring devices are used to help doctors to diagnose intermittent cardiac arrhythmia that occurs unpredictably. Arrhythmias often produce sudden symptoms, but typically are no longer present by the time a person gets to the doctor. For this reason, many symptoms producing cardiac arrhythmias are difficult or impossible to diagnose with standard arrhythmia monitoring devices and hence, ambulatory monitoring devices are preferred. Ambulatory arrhythmia monitoring devices can record the heart rhythm for prolonged periods of time. Increasing prevalence of arrhythmias, growing technological advancements in monitoring devices, rising awareness about these monitoring devices, and increasing number of new product launches by key market players in this field are some of the reasons that are expected to augment the market growth in the forthcoming years. For instance, in May 2019, Abbott announced the launch of Rx ICM, its next-generation, smarter heart monitor for better arrhythmia detection.
Key Market Driver -
Rising application of microfluidic chips, growing investment in research and development of microfluidic chips
Key Market Restraint -
High costs and adverse impacts of ambulatory arrhythmia monitoring devices
Increasing prevalence of arrhythmias, growing technological advancements in monitoring devices, and rising awareness about these monitoring devices are some of the factors that are driving the market growth.
However, high costs and some adverse impacts of ambulatory arrhythmia monitoring devices are likely to decline the growth of the ambulatory arrhythmia monitoring devices market.
By device type, the market can be segmented into resting ECG, event monitor, implantable cardiac monitor, Holter monitor, mobile cardiac telemetry devices, and others. By application, the market can be segmented into tachycardia, bradycardia, atrial fibrillation, ventricular fibrillation, conduction disorders, and others. By end-users, the market can be segmented into hospitals & clinics, diagnostic centers, ambulatory surgical centers, home care settings, and others.
Geographically, the Ambulatory Arrhythmia Monitoring Devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The major companies in the global ambulatory arrhythmia monitoring devices market report include Biotronik, Inc., BioTelemetry, Inc., Abbott, Medtronic, ZOLL Medical Corporation., MediLynx, GENERAL ELECTRIC COMPANY, and other prominent players.
The global ambulatory arrhythmia monitoring devices market is expected to be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the global ambulatory arrhythmia monitoring devices market due to the rising application of ambulatory arrhythmia monitoring devices because of the increasing prevalence of arrhythmias, and growing research and development activities in ambulatory arrhythmia monitoring devices in this region.
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According to an article published by National Centre for Biotechnology Information (NCBI), atrial fibrillation (AF) is one the most common cardiac arrhythmia, with an estimated prevalence of 0.4 to 1 % in the general US population. Europe is projected to have substantial market growth throughout the forecast period owing to the rising geriatric population, and rising prevalence of cardiac arrhythmias, and improved healthcare facilities. Asia Pacific is expected to witness growth with the highest CAGR during the forecast period due to the increasing patient pool of cardia arrhythmias, and awareness about the ambulatory arrhythmia monitoring devices among the people. On the other hand, Latin America and the Middle East and Africa are likely to have a lucrative growth in the ambulatory arrhythmia monitoring devices market in the upcoming years owing to the rising demand for advanced healthcare technologies.
By Device Type
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