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.
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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."
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
Check Out
These Key Topics
Cardiac
Event Monitoring
Postacute
Care Co-ordination
Healthcare
Reform Readmission
High Risk
Heart Failure Patient
CHF
Congestive
Heart Failure
Diabetes
Treatment
Cardiac
Event Recording
HIPAA
Privacy and Security
Telemonitoring
M-Health
Wellness
Support
Exercise
Monitoring
Tele-monitoring
M-Health
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