“Global Insertable Cardiac Monitors (ICM) Market Size, Status And Outlook 2021-2027”market research report primarily aims to hint at opportunities and challenges information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. To build Insertable Cardiac Monitors (ICM) report, detailed market analysis has been performed with the inputs from industry experts. All the data, figures and information is backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. The report covers an extensive span of the global Insertable Cardiac Monitors (ICM) market ranging from historical and current events to futuristic stich of the market. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.
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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Insertable Cardiac Monitors (ICM) Market: Players Segment Analysis (Company and Product introduction, Insertable Cardiac Monitors (ICM) Sales Volume, Revenue, Price, and Gross Margin):
- BioTelemetry, Inc
- Boston Scientific Corporation
- Koninklijke Philips N.V
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd
- SHL Telemedicine
- The ScottCare Corporation
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.
- 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
- 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
Insertable Cardiac Monitors (ICM) Market Segmentation:
- Multiple Lead Mobile Cardiac Telemetry Systems
- Mobile Cardiac Telemetry Patch
- Renal Disease
- Cardiac Arrhythmias
- Atrial Fibrillation
By End User
- Diagnostic Centers
- Specialty Clinics
Insertable Cardiac Monitors (ICM) Market Country Level Analysis
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
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Table Of Content
Research Coverage: This is the first part of the research that covers market segmentation outlines, years studied, analysis targets, major global Innovation Management Platforms manufacturers, and product range.
Key Market Features: The report here puts the spotlight on market output, revenue, usage, and potential. It also brings market trends, drivers, restraints and macroscopic indicators to light.
Profiles of companies: This section includes a broad examination of key players in the global Insertable Cardiac Monitors (ICM) market based on various factors such as the latest advances, market share and gross margins. This provides an analysis of SWOT, too.
Key Strategic Developments: All the regions evaluated in the study are examined here based on key factors such as volume, sales, market share, import, and export.
Regional demand: Each domestic market discussed here is evaluated based on the global market’s share of sales and output.
Product market penetration: It comprises of the study of costs, sales and industry overview by product type.
Competitive Landscape and Insertable Cardiac Monitors (ICM) Market Share 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.
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.
Influence Highlights Of The Insertable Cardiac Monitors (ICM) Market Report:
- The report throws light on a highly well-formatted segmentation and detailed overview of the global Insertable Cardiac Monitors (ICM) industry.
- As per the study, the global Insertable Cardiac Monitors (ICM) market is segregated into segments based on the product spectrum, applications, regions, and key manufacturers.
- The report encompasses details related to the market share of every product as well as the target returns of the segment.
- Insertable Cardiac Monitors (ICM) report provides historical, current, and projected market size in terms of volume and value
- The report provides qualitative analysis through various tools including Porter’s Five Forces Model, PESTLE Analysis, and SWOT Analysis
- The Insertable Cardiac Monitors (ICM) market study provides analysis on market size in terms of both consumption volume, production volume, revenue, global trends, import-export, value chain, distributors, pricing, segments trends analysis, etc. for regional as well as global market
- The segmental analysis focuses on production capacity, revenue, and forecast by type and by application for the period 2021-2027.
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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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