xpertise in the treatment of arrhythmias.
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Introduction of different monitoring devices for treating cardiac arrhythmia is expected to boost the growth of the global cardiac arrhythmia monitoring devices market over the forecast period. Catheter ablation procedures can effectively treat number of cases of arrhythmia, with a small incision and shorter recovery time. Implantable cardiac monitors segment is expected to account for remarkable revenues during the forecast period.
ECG stress test devices are used for arrhythmias that occur frequently and ambulatory ECG is used for infrequent arrhythmias. Resting ECG is expected to grow with a higher market value share during the forecast period due to easy availability of devices in hospitals or physician office. Being the first procedure for treating the frequent or constant arrhythmias, it is available with most of the end-users. Ambulatory ECG is expected to account for significant market shares during the forecast period due to easy functioning of devices which detect and record the daily activities.
Atrial Fibrillation is projected to grow at remarkable CAGRs owing to large number of arrhythmia cases due to obesity, unhealthy food habit and increase in aging among population through 2024. Hospital segment is expected to dominate the market in terms of value during forecast year due to availability of various reimbursement policies, monitoring devices and practiced physician with the knowledge on latest devices.
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On the basis of regional presence, global cardiac arrhythmia monitoring device market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead in terms of value in the global cardiac arrhythmia monitoring device market due to increase in number of cardiac arrhythmia patients in the region. According to the Journal of the Canadian Chiropractic Association, American cardiac patients with an age group of 60 to 85 years demonstrate a complex arrhythmia of both types such as supraventricular and ventricular. The study include 5,201 adults, who were found to have serious arrhythmias such as sustained ventricular tachycardia and complete atrioventricular block of which 4.3% of women and 10.3% of men were detected positive.