Insertable Cardiac Monitors (ICM) Market to Achieve Significant Growth in the Near Future

The Global Insertable Cardiac Monitors (ICM) Market By Data Bridge Market Research provides a in-depth overview of the key aspects of the market. Insertable Cardiac Monitors (ICM) report can be mainly categorised into major areas which are market definition, market segmentation, competitive analysis and research methodology. This market research report comprises of key information about the industry, market segmentation, important facts and figures, expert opinions, and the latest developments across the globe. Market research studies conducted in this business report are very attentive for the businesses which help them with the better decision making and develop better strategies about production, marketing, sales and promotion. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. – market includes investigations based on the current scenarios, historical records, and future predictions. This report centers on the business status, presents volume, key market, product type, consumers, regions, and key players. Businesses can achieve practical and undergoing results that are driven by accurate and timely research.

Insertable Cardiac Monitors (ICM) Market

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 Size Segment by Companies, this report covers:

  • Abbott
  • Medtronic
  • BioTelemetry, Inc
  • Siemens
  • Boston Scientific Corporation
  • Koninklijke Philips N.V
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd
  • SHL Telemedicine
  • The ScottCare Corporation

Market Segmentation Covered in the Report

By Type

  • Multiple Lead Mobile Cardiac Telemetry Systems
  • Mobile Cardiac Telemetry Patch
  • Others

By Disease

  • Renal Disease
  • Cardiac Arrhythmias
  • Atrial Fibrillation
  • Stroke
  • Syncope
  • Others

By End User

  • Hospitals
  • Diagnostic Centers
  • Specialty Clinics
  • Others

By Region

North America (U.S., Canada, Mexico)

Asia Pacific (India, China, Japan, South Korea, ASEAN, Rest of Asia Pacific)

Europe (Italy, Germany, France, Spain, Central & Eastern Europe, Rest of Europe)

Middle East & Africa (GCC, Turkey, Rest of the Middle East & Africa)

South America (Brazil, Argentina, Rest of South America)

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Market Overview

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.

Market Drivers

  • 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

Market Restraints

  • 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

Research Methodology:

Years considered for the study are:

Historical year – 2010-2019

Disreputable year – 2020

Estimate period – 2021 to 2028

Impact of COVID-19 on the Market

The COVID-19 epidemic has had an effect on many characteristics, such as travel bans; flight cancellations; quarantines; limited all indoor events proclaimed emergency in many countries; unpredictability of the stock market; major supply chain slowdown; declining economic assurance, and in sighted insecurity about the future. By generating supply chain turmoil, by directly influencing production and demand, and by having an economic impact on businesses and commercial markets, COVID-19 will influence the global economy.

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Further Key Aspects Of The Report Indicate:

  1. Insertable Cardiac Monitors (ICM) Market overview & Market Scope
  2. Insertable Cardiac Monitors (ICM) Market Segmentation
  3. Regional diversification of the Insertable Cardiac Monitors (ICM) industry (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, Other parts of the world)
  4. Competitive analysis
  5. Important data coverage by region
  6. Manufacturer/Top Company Profile
  7. Global Insertable Cardiac Monitors (ICM) Market Forecast by Type, Application, and End User
  8. Important survey results and survey methods
  9. Reliable data source
  10. Research Findings and Conclusion

The Insertable Cardiac Monitors (ICM) report covers all the market shares and approaches of the major competitors or the key market players. Such highlights about competitive landscape plays very important role in deciding about the enhancements required in the product already in the market or the future product. The report also performs systemic analysis of growth trends and future prospects. Besides, this market report contains an extensive evaluation of the markets, growth prospects and restrictions. An influential Insertable Cardiac Monitors (ICM) market report offers an utter background analysis of the Insertable Cardiac Monitors (ICM) industry along with an assessment of the parental Insertable Cardiac Monitors (ICM) market. It is an essential document for every market enthusiast, policymaker, investor, and market player.

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

Competitive Landscape and Insertable Cardiac Monitors (ICM) Market Share Analysis

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.

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Customization of the Report: This Insertable Cardiac Monitors (ICM) report can be customized as per your needs for additional data up to 10+ companies, Regional and geographical countries or 40 analyst hours.

Key Influence of the Insertable Cardiac Monitors (ICM) Market:

  1. What was the Insertable Cardiac Monitors (ICM) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
  2. What will be the CAGR of Insertable Cardiac Monitors (ICM) Market during the forecast period (2021-2027)?
  3. Which segments (product type/applications/end-user) were most attractive for investments in 2019? How these segments are expected to grow during the forecast period (2021-2027).
  4. Which manufacturer/vendor/players in the Insertable Cardiac Monitors (ICM) Market was the market leader in 2021?
  5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the Insertable Cardiac Monitors (ICM) market.

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