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Global Cardiac Monitoring Market Worth $23.3 Billion by 2017

         Global Cardiac Monitoring Market Worth $23.3 Billion by 2017

  PR Newswire

  DALLAS, January 28, 2013

DALLAS, January 28, 2013 /PRNewswire/ --

The report "Cardiac Monitoring & Cardiac Rhythm Management (CRM) Market [ECG,
Implantable Loop Recorder, Holter, Implantable Cardioverter Defibrillator
(ICD), Automated External Defibrillator (AED), Pacemaker, CRT-D, CRT- P] -
Global Forecasts to 2017", analyzes and studies the major market drivers,
restraints, and opportunities in North America, Europe, Asia, and Rest of the
World.

Browse  144 tables and  23 figures spread  through  334  pages  combined
with an in-depth TOC on "Cardiac Monitoring & Cardiac Rhythm Management (CRM)
Market [ECG, Implantable Loop Recorder, Holter, Implantable Cardioverter
Defibrillator (ICD), Automated External Defibrillator (AED), Pacemaker, CRT-D,
CRT- P] - Global Forecasts to 2017. "
http://www.marketsandmarkets.com/Market-Reports/cardiac-monitoring-advanced-technologies-and-global-market-55.html
Early buyers will receive 10% customization on reports.

This report studies the global cardiac monitoring and cardiac rhythm
management devices market, with forecast to 2017.

The cardiac monitoring and cardiac rhythm management devices market is divided
into two segments, namely, conventional monitoring devices and cardiac rhythm
management (CRM) devices. The cardiac monitoring market includes ECG, Holter
monitors, event monitors, implantable loop recorder (ILR), and cardiac output
monitors. ECG is the largest segment, while ILR is the fastest growing segment
of the conventional cardiac monitoring market. The CRM market is further
segmented into defibrillators, pacemakers, and cardiac resynchronization
therapy devices.

The global cardiac monitoring and cardiac rhythm management market was worth
$18.4 billion in the year 2012. The market will grow at a healthy pace in the
next five years due to the increasing incidence of cardiovascular diseases,
technological advancement, rising cost of cardiac disease treatment, and
government regulations in favor of cardiac monitoring.

Mobile cardiac telemetry, ECG data management systems, and remote patient
monitoring offer vast opportunities for key players in this market. With the
introduction of mobile telemetry and remote monitoring in the cardiac field,
the use of home and ambulatory services is also on the rise.

The CRM devices market faced certain challenges in the recent past owing to
research studies published in the Journal of the American Medical Association
(JAMA) and hospital investigations conducted by the Department of Justice
(DOJ), which reported the inappropriate use of these devices. This affected
the sales of CRM devices.

The defibrillators and pacemakers markets showed flat growth rates in the U.S.
from 2009 to 2011. However with technological advancements such as
introduction of MRI pacemakers, subcutaneous ICDs, and home automated external
defibrillators (AEDs), this market is expected to bounce back.

North America is the largest market for cardiac monitoring and cardiac rhythm
management, with the U.S. accounting for the largest share, followed by Europe
and Asia. North America and Europe is expected to grow at a slower pace,
primarily due to the economic slowdown and market maturity. The Asian market,
especially India and China, is expected to witness a boost in demand 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 key players in the cardiac monitoring and cardiac rhythm management market
are Boston Scientific (U.S.), Cardiac Science Corporation (U.S.), CardioNet
(U.S.), GE Healthcare (U.K.), LifeWatch (Switzerland), Medtronic (U.S.),
Mortara Instruments (U.S.), Philips Healthcare (The Netherlands), Schiller
(Switzerland), Spacelabs Healthcare (U.S.), St. Jude Medical (U.S.), Welch
Allyn (U.S.), and Zoll Medical Corporation (U.S.).

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