WinterGreen Research announces that it has published a new
study Cardiac Event Ambulatory Monitors and Recorders: Market Shares, Strategy,
and Forecasts, Worldwide, 2013 to 2018. The 2013 study has 316 pages, 101
tables and figures. Worldwide markets are poised to achieve significant growth
as event recorders find ways to support lowering the cost of care delivery by
supporting shorter hospital stays and more home based services.
New markets in clinical diagnoses and clinical studies are
emerging as prices decrease and technology creates more advanced devices. Smart
phones include the technology to implement a core device used for m-health
implementations. Unit functions are being extended from direct arrhythmia
symptom analysis to sleep studies and clinical drug efficacy studies creating
significant growth opportunity.
According to Susan Eustis, lead author of the WinterGreen
Research team that prepared the cardiac event ambulatory monitors and recorders
market research study, "Shortness of breath is a common symptom of cardiac
disease. It is frequently misdiagnosed as a respiratory symptom or ignored by
patients and is not even considered a cardiac symptom when the clinician is
making a diagnosis. Cardiac event ambulatory monitors can detect arrhythmias
and get people to treatment faster before it is too late to correct congestive
heart failure."
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Early treatment is essential and the technology is a vital
aid in providing that treatment. Hospitals and clinicians will have increased
access to devices as insurers realize the value of detecting and treating
cardiac disease early. Sleep studies and clinical drug efficacy study opportunities
are creating significant growth opportunity.
Cardiac Event Recording and monitors are evolving as a
services industry. Patients do not pay directly for units, they are provided by
a clinician and the clinician is reimbursed by CMS in the US as a fee for
service. In this manner the vendors participate in the services market. The
cardiac event recording services industry is fragmented and characterized by a
large number of smaller regional hospital and home care service providers.
Consideration of Cardiac Event Recorder Market Forecasts
indicates that markets at $197.8 million in 2012 will reach $862.7 million by
2018. Growth comes as more emphasis is put on early diagnosis and prevention of
disease. Heart failure patients participating in home based programs get called
back from nurse within 20 minutes of transmitting readings. This is similar to
the response time available in a hospital and positions products in the large
and growing telemedicine market space.
For a patient that has arrhythmia and a device detects
symptoms, there is the ability to take life saving action. Quick response
brings the matter to the attention of the clinician often without patient
involvement, helping better serve the patient. Advice can be rendered as to how
and why weight fluctuation is a issue and how control of disease is based on
lifestyle and diet. Rapid weight gain can indicate fluid retention and a
worsening of cardiac function.
This study illustrates the cardiac event recording market
driving forces and provides the market shares and consideration of market size
and number of recorders prescribed or used. It describes monitoring services
used and services provided to subscribers, reimbursement by insurance carriers.
The principal competitive factors that impact the success of cardiac monitoring
solutions are addressed in the comprehensive market study
Companies Profiled
Market Leaders
CardioNet
Lifewatch
Philips
Market Participants
AT&T
AT&T and VRI
Biotronik
American Medical Association ("AMA")
eCardio
iRhythm / Zio
LifeLine Medical
Lifewatch / Card Guard / Instromedix
Reka
VRI Digi
Windstream
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