External Cardiology Remote Monitors Market Size by Segments, Share, Regulatory, Reimbursement, and Forecast to 2030
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External Cardiology Remote Monitors Market Report Overview
The external cardiology remote monitors market size was valued at $1.28 billion in 2023. Patient Monitoring system have been a critical part of healthcare management for the last few decades and have undergone by far a fair amount of technological development. These patient monitoring systems come equipped with sensors that are used to collect and record vital health data which is transmitted to a cloud via a Wi-Fi device.
External Cardiology Remote Monitors Market Outlook 2023-2033 ($ Billion)
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The external cardiology remote monitors market research report explains the market behavior, which will help identify quantitative market trends within patient monitoring therapeutic areas. The report has extensively covered regional-wise quantitative data, highlighting the number of external cardiology remote monitors across labs, which will help in identifying untapped market opportunities. The external cardiology remote monitors market model also discusses the detailed impact of COVID-19 on the external cardiology remote monitors market for 2020 and beyond.
|Market Size (2023)
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External Cardiology Remote Monitors Market Dynamics
The market of cardio remote monitors will witness a growth during the forecast years due to increasing cardiovascular diseases (CVD). These devices can potentially improve outcomes by providing accurate and early detection of critical physiological events. Further, these devices lower the overall mortality and hospital admissions. During the Covid 19 pandemic, the market did not decline significantly as the outbreak has led to an increase in the preference for remote monitoring of patients suffering from cardiac diseases for infection-control. Also, CVD manifestation in Covid-19 patients led to an increase in demand which will result in growth of the market for cardio remote monitors.
With the continued advancement in IoT, AI, sensors, and cloud technologies across the world, likely, cardiac remote monitoring systems will likely also adapt to the changes and innovations in this field. The cardio remote monitors now can be linked to other PDA devices like Smartphones, tablets, laptops, etc. which provide AI-enabled analytics in real-time, providing continuous analysis of ECG data to enhance testing and diagnostics for patients with CVD.
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External Cardiology Remote Monitors Market Segmentation by Regions
The key regions in the external cardiology remote monitors market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, North America gained the largest external cardiology remote monitors market share. The US was the leading country in the region. The growth is mainly attributed to the rise in the prevalence and incidence of CVD including Atrial Fibrillation, Ventricular Fibrillation, Tachycardia, Bradycardia, and irregular heart rhythm. The growth is also related to the increasing number of heart surgeries. The end-users of cardio remote monitors in hospital and clinic settings account for the largest market share.
External Cardiology Remote Monitors Market Analysis by Regions, 2023 (%)
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External Cardiology Remote Monitors Market – Competitive Landscape
The key companies in the external cardiology remote monitors market are Shenzhen Mindray Bio-Medical Electronics Co Ltd, GE HealthCare Technologies Inc, Contec Medical Systems Co Ltd, and Nihon Kohden Corp among others. In 2023, GE Healthcare Technologies Inc accounted for the highest external cardiology remote monitors market share and value.
External Cardiology Remote Monitors Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report.
External Cardiology Remote Monitors Regional Outlook ($ Million, 2015-2033)
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed external cardiology remote monitors market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total external cardiology remote monitors market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the external cardiology remote monitors market.
- Competitive dynamics insights and trends provided for the external cardiology remote monitors market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Shenzhen Mindray Bio-Medical Electronics Co Ltd, GE HealthCare Technologies Inc, Contec Medical Systems Co Ltd, Nihon Kohden Corp, and Others.
Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives who must have a deep understanding of the external cardiology remote monitors marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on external cardiology remote monitors.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving external cardiology remote monitors.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the external cardiology remote monitors market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific external cardiology remote monitors market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
GE HealthCare Technologies Inc
Contec Medical Systems Co Ltd
Nihon Kohden Corp
Frequently asked questions
What was the external cardiology remote monitors market size in 2023?
The external cardiology remote monitors market size was $1.28 billion in 2023.
Which region held the largest share of the external cardiology remote monitors market?
North America was the largest regional market for external cardiology remote monitors in 2023.
Which are the leading players in the external cardiology remote monitors market?
The key companies in the external cardiology remote monitors market are Shenzhen Mindray Bio-Medical Electronics Co Ltd, GE HealthCare Technologies Inc, Contec Medical Systems Co Ltd, Nihon Kohden Corp, and Others.
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