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Global Insertable Cardiac Monitors (ICM) Market Size & Trends Shows a Rapid Growth by 2027

Global Insertable Cardiac Monitors (ICM) Market

Global Insertable Cardiac Monitors (ICM) Market–Industry Trends and Forecast to 2028” New Research Report Added to Databridgemarketresearch.com database. The report width of pages: 350 Figures: 60 And Tables: 220 in it.  Global Insertable Cardiac Monitors (ICM) Market describes complete industry Outlook with in-depth analysis. This report also includes the complete analysis of each segment in terms of opportunity, market attractiveness index and growth rate, top players and new comers in industry, competitive landscape, sales, price, revenue, gross margin, market share, market risks, opportunities, market barriers, and challenges. key statistics on the market status. Which give the clear idea about the product differentiation and an understanding of competitive landscape Globally.

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.

Competitive Analysis:

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.

Market Drivers

  • 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

Market Restraints

  • 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

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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

By Type

  • Multiple Lead Mobile Cardiac Telemetry Systems
  • Mobile Cardiac Telemetry Patch
  • Others

By Disease

  • Renal Disease
  • Cardiac Arrhythmias
  • Atrial Fibrillation
  • Stroke
  • Syncope
  • Others

By End User

  • Hospitals
  • Diagnostic Centers
  • Specialty Clinics
  • Others

Reasons to Purchase this Report

  • Current and future of global insertable cardiac monitors (ICM) market outlook in the developed and emerging markets.
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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