South America Cardiac Monitoring Market- Growth, Trends, and Forecasts (2022 - 2027)

South America Cardiac Monitoring Market- Growth, Trends, and Forecasts (2022 - 2027)

The South America Cardiac Monitoring Market is expected to grow with a CAGR of 4.8% in the forecast period. The factors that are responsible for the growth of the market include a rise in incidences of Cardiovascular Diseases in the region, increasing investments by major players in the region, and increasing demand for home-based point of care and remote monitoring cardiac systems.

Cardiovascular diseases (CVD) in the South America region are the leading cause of death. The factors which lead to cardiovascular diseases are obesity, diabetes, lifestyle, and dietary habits. According to the latest WHO data published in 2018, Coronary Heart Disease Deaths in Brazil reached 171,979 or 15.60% of total deaths. The rate of diagnosis for cardiovascular diseases is increasing over time due to high incidence rates of cardiac diseases and to control mortality rates by early diagnosis and treatment for CVD with the help of cardiac monitoring devices. Hence rise in the incidence of cardiovascular diseases drives the market.

Key Market TrendsECG Monitor is Expected to Dominate the Cardiac Monitoring Market

The increase in the incidence of cardiovascular diseases (CVD), necessitates the need for long-term ECG monitoring. Usually, this procedure is possible only in hospitals. The development of commercially advanced devices, with enabled Bluetooth sensor technology and mobile app technology, is anticipated to drive the popularity of the ECG monitors segment.

According to the WHO data published in 2018, Argentina ranked 146th in the number of deaths due to stroke, with 20,603 deaths or 7.88% of total deaths. The prevalence rate is 33.6 per 100,000 of the population. The high prevalence of the disease and technological advancements and product innovations taking place in the development of ECG devices are likely to propel the segment growth.

Competitive Landscape

The market is fragmented and focused because of the presence of many large, medium, and small players. The multinational players possess a substantial share in the region. Some of the major players are Medtronic PLC, GE Healthcare, Biotronik, Boston Scientific Corporation etc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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