The global Cardiac Monitoring & Cardiac Rhythm Management Devices Market will be worth USD 29.32 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing prevalence of cardiovascular diseases among the aging population. The increasing investments for the research and development of cardiac monitoring & cardiac rhythm management devices to enhance the efficiency of the devices are most likely to drive the growth of the market. The emergence of advanced minimally invasive technologies is expected to fuel the development of cardiac monitoring & cardiac rhythm management devices over the forecast period. Moreover, the growing preference of the patients towards wearable cardiac devices is anticipated to boost the demand for advanced cardiac devices.
The detailed market intelligence report on the Cardiac Monitoring & Cardiac Rhythm Management Devices market applies the best of both primary and secondary research to weighs upon the competitive landscape and the prominent market players expected to dominate the Cardiac Monitoring & Cardiac Rhythm Management Devices market for the forecast period, 2020 - 2027. The study not only scans through the company profile of the major vendors but also analyses their winning strategies to give business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. A detailed evaluation of the major events such as acquisition and mergers, collaborations, product launches, new entrants, and technology advancements offer a complete overview of what the future of the Cardiac Monitoring & Cardiac Rhythm Management Devices market will be like in the years to come.
Key Highlights From The Report
In January 2020, SGS acquired Thomas J. Stephens & Associates, Inc., a nationally recognized clinical research organization that is serving the cosmetic and personal care industry. The acquisition is expected to expand the consumer & retail service portfolio of SGS in the clinical testing sector for cosmetic and personal care products in the USA.
The preclinical segment held the largest market share of 57.6% in 2019. Increasing investments in the R&D of the preclinical testing of medical devices is expected to drive the growth of the segment.
Microbiology & Sterility Testing are forecasted to grow with the fastest CAGR of 10.0% over the forecast period. Rising investments by the biotechnology and pharmaceutical industries on the testing services and increasing research are expected to drive the growth of the segment.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period. Increasing government initiatives on improving the healthcare infrastructure and availability of skilled labor at lower costs are driving the Medical Devices Testing Services market in the region.
Key participants include SGS S.A., Toxikon, Inc., Intertek Group plc, Pace Analytical Services, Charles River Laboratories International, Inc., American Preclinical Services LLC, North American Science Associates, Inc., Sterigenics International LLC, Eurofins, and WuXi AppTec Group, among others.
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Phase Outlook (Revenue, USD Billion; 2017-2027)
Clinical
Preclinical (Medical Coatings and Antimicrobial Wound Dressings)
Service Outlook (Revenue, USD Billion; 2017-2027)
Chemistry Test
Package Validation
Microbiology & Sterility Testing (Pyrogen and Endotoxin Testing, Anti-microbial Activity Testing, Sterility Test and Validation and Bio-Burden Determination)
Biocompatibility Tests
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Cardiac Monitoring & Cardiac Rhythm Management Devices Market Definition
1.2. Cardiac Monitoring & Cardiac Rhythm Management Devices Market Research Scope
1.3. Cardiac Monitoring & Cardiac Rhythm Management Devices Market Methodology
1.4. Wound Care Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Cardiac Monitoring & Cardiac Rhythm Management Devices Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Cardiac Monitoring & Cardiac Rhythm Management Devices Market Segmentation & Impact Analysis
Continued…
