North America is the Largest Cardiac Monitoring and Cardiac Rhythm Management Market as in the Region

Cardiac monitoring devices assist in monitoring and examination of cardiac activity. Moreover, cardiac rhythm management devices maintain the regular cardiac rhythm for patients undergoing from rate and rhythm ailments of the heart. The global cardiac monitoring and cardiac rhythm management market is growing at significant rate, due to escalating occurrence of cardiovascular diseases and technological improvement. The market has witnessed high demand for defibrillators over the last few years due to escalating occurrence of cardiovascular disease and technological improvement of the device.

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Inadequate reimbursement for remote cardiac device and recurrent product recalls are the major challenges for the growth of cardiac monitoring and cardiac rhythm management market. Absence of trained professionals with proficiency in cardiac monitoring, inclination of alternative methods such as drugs for treatment over treatment devices, and high price are also some of the factor hindering the global cardiac monitoring and cardiac rhythm management market growth.

Globally, the manufacturing companies trying to enter the cardiac monitoring and cardiac rhythm management industry are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. In addition, novel product introductions and approvals were major stratagems implemented by key industry players to upsurge their market share and provide unmet requirements.

Geographically, North America is the largest cardiac monitoring and cardiac rhythm management market as in the region the occurrence of cardiovascular disease is escalating. Heart disease is the leading cause of death in the U.S. For instance, according to CDC, in the U.S. approximately 610,000 people die every year due to heart disease. In addition, mounting healthcare expenditure, expanding geriatric population, high availability to technological improvement of devices and mounting development of innovative and technologically advance products are also up surging growth of the North American cardiac monitoring and cardiac rhythm management market.

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Asia-Pacific is observed to witness the fastest growth in the cardiac monitoring and cardiac rhythm management market, as the region comprises of large population base. In addition, expanding geriatric population, escalating occurrence of chronic diseases, boosting alertness of these devices, medical tourism, escalating occurrence of cardiovascular and coronary heart diseases, mounting healthcare expenditure and refining healthcare infrastructure are also creating a positive impact on the cardiac monitoring and cardiac rhythm management industry growth in the region.

Key players in the cardiac monitoring and cardiac rhythm management market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In June 2018, Philips Royal launched Philips HeartStart Onsite in collaboration with Starting Hearts and medic assist. It is automated external defibrillators to create a cardiac arrest response system. Medtronic PLC, Cardiac Science, Abbott, Biotelemetry, Boston Scientific, Schiller, GE Healthcare, Koninklijke Philips N.V., Biotronik, Livanova, Hill-Rom Holdings, and Applied Cardiac System are the key players offering cardiac monitoring and cardiac rhythm management.

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