Market Trends of Europe Cardiac Arrhythmia Monitoring Devices Industry
This section covers the major market trends shaping the Europe Cardiac Arrhythmia Monitoring Devices Market according to our research experts:
Holter Monitoring Devices Segment is Expected to Hold a Significant Market Share Over the Forecast Period
A Holter monitor is a small, wearable device that records the heart's rhythm. The Holter monitoring devices segment will have a significant share in the market as suffering patients can use these devices for longer durations to diagnose sporadic symptoms. They also offer faster and more convenient monitoring to increase patient compliance and are likely to enhance the treatment outcome. Furthermore, several advancements are taking place in the cardiac arrhythmia monitoring devices market. It is a rapidly growing and driving cardiac arrhythmia monitoring devices market. For instance, the German Heart Surgery Report published a report in June 2021 by the National Library of Medicine. The report states there were 843 assist device implantations, including left/right/biventricular assist devices, total artificial devices, 29,444 isolated coronary artery bypass grafting procedures, 35,469 isolated heart valve procedures, and 35,469 isolated heart valve procedures registered in Germany. Since patients undergoing such treatment require constant monitoring thus, increasing surgeries will increase the market growth of Holter monitoring. Hence, the market will grow due to increasing demand for these devices and rising cardiovascular disorders.
France is Expected to Hold a Significant Market Share Over the Forecast Period
The cardiac arrhythmia monitoring devices in France are growing due to the increased alcohol consumption in the country and factors such as initiatives by crucial market players entering the country. As per the data from Organization for Economic Co-operation and Development (OECD), in 2022, in France, over 40% of people and almost one in ten are overweight (including obese), and the rate of overweight people will rise by an additional 10% in the following ten years. Obesity is one of the significant risk factors for heart disease, and the market studied will witness growth due to increasing obesity in the country. Similarly, according to World Population Review data, as of 2022, around 11.10% of men and 3.10% of women in France are alcoholics. As alcoholism increases heart disease chances, it significantly impacts the market for intracardiac echocardiography. Additionally, according to the United Nations Population Fund's World Population Dashboard's Statistics 2021, in France, there are about 21.1% of people aged 65 years and above. As the older population is most likely to get affected by cardiac diseases, the need for heart failure treatment devices will increase over the forecast period in the country, thus driving the market.
The collaborations among the market players to strengthen their position are also boosting growth. For instance, in June 2021, eDevice SA, a health technology company focused on telemedicine, and remote patient monitoring solutions have taken over the commercialization of TwoCan Pulse from Boston Scientific in France. eDevice has developed this innovative telecardiology monitoring system in the French market. TwoCan Pulse was explicitly designed to allow cardiologists to remotely monitor patients who exhibit symptoms of potential congestive heart failure. Such launches and collaboration is propelling the growth of the market segment.
Thus, the factors mentioned above contribute to France's studied market growth.
