Please login or register to print this page.

Clinical Articles, Lead Article

Cardiac monitoring and CRM – global forecast to 2017

The global cardiac monitoring and cardiac rhythm management market was worth $18.4 billion in the year 2012, with the growth of conventional monitors as well as cardiac rhythm management (CRM) devices still accelerating, according to a report from ASD Reports.

The research report categorises the global cardiac devices market into conventional monitoring devices and CRM devices. These markets are broken down into segments and sub-segments, providing value analysis for 2010, 2011 and 2012, as well as forecast up to 2017. Each of the markets is analysed at regional level (North America, Europe, Asia, and rest of the world (RoW)), further segmented by major countries and geographic split.

With the introduction of mobile telemetry and remote monitoring in the cardiac field, the use of home and ambulatory services is on the rise, the report finds. In 2010, there were an estimated 2.2 million users for remote patient monitoring in the US, and this number is set to increase threefold to 6 million by 2016, it claims. Electrocardiogram (ECG) data management systems currently represent a worldwide growth opportunity of approximately $130 million.

The report examines the effect which inappropriate CRM device use has had on sales, with the US defibrillator and pacemaker markets showing flat growth rates from 2009 to 2011. However, with technological advancements such as the introduction of magnetic resonance imaging (MRI) pacemakers, subcutaneous implantable cardioverter defibrillators, and home automated external defibrillators (AEDs), growth may improve in future, the report claims.

North America is found to be the largest market for cardiac monitoring and CRM, followed by Europe and Asia. The North American and European markets are expected to grow at a slower pace, primarily due to the economic slow-down and market maturity. The Asian market, especially India and China, is expected to witness a boost in demand for cardiac monitoring and CRM products, and is poised to register maximum growth over the next five years, owing to the rising incidence of cardiovascular diseases and increased purchasing power of patients the authors find.

The report is available in full at https://www.asdreports.com/shopexd.asp?id=46364

Published on: February 28, 2013

Members Area

Log in or Register now.

 For healthcare professionals only
Angina book sky

SEARCH THE SITE

RSS FEED

Subscribe to our RSS feed
home

GET EXCLUSIVE UPDATES

Sign up for our regular email newsletters & be the first to know about fresh articles and site updates.

RECENT COMMENTS

    None Found

ENDORSED BY

  • ArrhythmiaAlliance
  • Stars
  • Anticoagulation Europe
  • Atrial Fibrillation Association
 

You are not logged in

You need to be a member to print this page.
Sign up for free membership, or log in.

You are not logged in

You need to be a member to download PDF's.
Sign up for free membership, or log in.