Insertable Cardiac Monitors (ICM) Market 2019, A recent report published by Data Bridge Market Research provides a unique guidance in thoughtful details regarding the development factors, used a top-down and bottom-up approach to keep it error-free and accurate. The researchers have used primary and secondary methodologies to collect data and its analysis.
The INSERTABLE CARDIAC MONITORS (ICM) MARKET data covered in the report will give the reader a comprehensive understanding of the market as well as the major players in terms of production and the regions with high demand and supply.
This market is set to witness a substantial CAGR of 8.9% in the forecast period of 2019- 2026. Few of the leading organizations’ names are listed here- 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.
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Let’s know why the report is worth considering-
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.
The Insertable Cardiac Monitors (ICM) report incorporates the detailed analysis of the leading organizations and their thought process and what are the methodologies they are adopting to maintain their brand image in this market. The report aides the new bees to understand the level of competition that they need to fight for to strengthen their roots in this competitive market.
Insertable Cardiac Monitors (ICM) Market: Competitive Rivalry
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.
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Conducts Overall INSERTABLE CARDIAC MONITORS (ICM) Market Segmentation: This knowledgeable market research report offers lucrative opportunities by breaking down complex market data into segments on the basis of –
- 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)
The INSERTABLE CARDIAC MONITORS (ICM) report covers market shares for global, Europe, North America, Asia Pacific and South America. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.
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
Highlights following MARKET DRIVERS AND RESTRAINT:
- 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
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Hair Tie market
Chapter 2: Evaluating the leading manufacturers of the Insertable Cardiac Monitors (ICM) market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting Insertable Cardiac Monitors (ICM) market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
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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)