The cardiac event monitors market reached a global value of $165.6 million in 2010, and has been forecast to increase to $862.7 million by 2018.
Growth within the cardiac event monitors market is being fuelled by more emphasis being place upon early diagnosis and the prevention of disease.
The global market for cardiac event recording and monitors is expected to see significant growth in the coming years 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.
Cardiac event monitoring is used to record a patient's heart rhythm when he or she is experiencing symptoms. It is activated by the patient when he or she is experiencing symptoms such as dizziness, palpitations, shortness of breath, fainting spells or chest pain to discover what is causing the symptoms.
Cardiac event ambulatory monitors can detect arrhythmias and get people to treatment faster, before it is too late to correct congestive heart failure. Quick response brings the matter to the attention of the clinician often without patient involvement, helping better serve the patient.
The cardiac event recording services industry is fragmented and characterised by a large number of smaller regional hospital and home care service providers. Key players within the cardiac event monitors market include AT&T, Biotronik, Cardionet, eCardio, Lifewatch, Philips, and VRI.
For more information on the cardiac event monitors market, see the latest research: Cardiac Event Monitors Market Report
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