Global Cardiac Monitoring Market 2017-2021

Overview of the global cardiac monitoring market

Technavio’s market study identifies the increasing prevalence of CVDs to be one of the primary growth factors for the cardiac monitoring market. A large number of individuals across the globe are increasingly suffering from cardiovascular diseases (CVDs) such as angina, MI, stroke, heart failure, venous thromboembolism (VTE), and heart arrhythmia. CVDs have become one of the primary reasons for mortality. Rheumatic heart disease (RHD) is the most commonly acquired heart disease among people under the age of 25. Patients suffering from CVDs require continuous heart monitoring to detect and monitor irregular heartbeats and cardiac ablations, which will in turn increase the need for heart rate monitors. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 8% by 2021.

Vendors are focusing on upgrading and innovating their products with technological advancements to offer improved mobility, ease of use, streamlined workflow, and interoperability. They are also focusing on designing small and portable ECGs to cater to the rising demand for portable monitoring devices. Portable monitoring devices are equipped with wireless networks that can transmit data on a long-time basis and allow doctors to remotely monitor their patients. Additionally, they also reduce the number of in-hospital device evaluations, the number of hospital admissions, the length of stay for cardiac hospitalization, and the frequency of follow-ups. Such benefits will increase the adoption of portable cardiac monitoring devices, which according to our analysts will be one of the key trends that will gain traction in the cardiac monitoring market during the next few years.

Competitive landscape and key vendors