Market Trends of India Cardiovascular Devices Industry
This section covers the major market trends shaping the India Cardiovascular Devices Market according to our research experts:
Remote Cardiac Monitoring Devices are Expected to Witness Rapid Growth
Remote cardiac monitoring or remote heart monitoring is a method by which information from a patient's implantable rhythm management device can be communicated directly to a physician. The physicians can review a patient's heart activity and device performance remotely.
Technological advancements, the rising burden of cardiac diseases, the outbreak of COVID-19, and growing product approvals and launches are likely to drive the segment's growth over the forecast period.
The initiatives taken by market players and collaborations for remote cardiac monitoring are also likely to drive the market's growth over the forecast period. For instance, in January 2021, MyHealthcare and AliveCor, India, joined hands to help patients to be able to read their ECG data directly from their KardiaMobile 6L device into the MyHealthcare platform. The partnership will help patients monitor their heart health in the comfort of their homes. The association is a stepping stone in bringing an integrated cardiac care program to the market. Such collaborations are boosting the market's growth.
In February 2021, the Kochi-based Remo Care Solutions launched Remo.Cardia. It is a remote cardiac monitoring system powered by artificial intelligence that monitors and analyzes patients' vitals in real-time. Such technically advanced systems for remote monitoring are driving the market's growth.
