South and Central America Remote Cardiac Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Devices, Software, and Services) and End User (Hospitals and Clinics, Emergency Settings, Homecare Settings, and Others)
Market Introduction
South and Central America region for the estimating the market for the remote cardiac monitoring is cumulative of Brazil, Argentina, and rest of South and Central America. The region held the smallest portion of the global market. The region is likely to witness noticeable growth in the forecasted period owing to the recent technological developments which have made a direct impact on the economy of Brazil that has advanced to a large extent. Cost savings advantage and higher work efficiencies achieved are cited as the major attracting points for manufacturing companies to establish bases in South America. Brazil has around 200 million inhabitants and is the fifth largest country in the world. Brazil comprises 26 states that extend over 876,599 km² and have regions with both high (southeast) and lower population density (north). According to the study report by Gagnon-Arpin et al. from 2017, the prevalence of cardiovascular disease (CVD) among Brazilian adults is projected to rise to 13.6 million by 2035, while the economic burden, including direct and indirect costs would rise to around US$ 40 billion. Furthermore, owing to the increasing awareness of various heart diseases in Brazil along with the increasing number of the elderly population is expected to show significant growth in the forecasted period thus providing opportunities for the market. According to the World Health Organization (WHO) in 2017, about 164,557 or 15.56% of total deaths in Brazil were attributable to deaths from coronary artery disease and was considered one the leading causes of death. This can be reduced slightly by the effective introduction of remote cardiac monitoring. Additionally, due to the increase in cardiovascular disease in the country, the introduction of these devices may help monitor heart disease. Hence, based on the above factors, the market is expected to see a healthy growth rate soon.
Market participants and end users are losing their business due to the temporary closure of companies in different regions because of COVID-19 pandemic. The second wave of COVID-19 affected Brazil, Argentina, Uruguay, Chile, Peru, and Colombia, among which Brazil recorded the highest number of deaths. In this situation, there was discontinuation of physiotherapy and other related treatments. An adverse side effect of the lockdown restricted access to health system facilities, which impacted the treatment and management of acute and chronic cardiovascular diseases. Long before the COVID-19 pandemic changed people's lives, remote heart monitoring devices had emerged as a viable way to overcome the long intervals between doctor visits, remotely monitor patients, and protect them by preventing the progression of the disease recognized in time to prevent hospitalization. The onset of COVID-19 pandemic has further accelerated the demand for remote cardiac monitoring, which is subsequently driving its market..
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Market Overview and Dynamics
The remote cardiac monitoring market in SCAM is expected to grow from US$ 121.66 million in 2021 to US$ 711.49 million by 2028; it is estimated to grow at a CAGR of 28.7% from 2021 to 2028. Increase in incidence of cardiovascular diseases; remote patient monitoring (RPM) allows patients to manage their health better by increasing their involvement in their health care. Hypertension is a significant risk factor for CVD. RPM may serve as a vital conduit for improving hypertension control and reducing the economic burden stemming from prolonged or frequent hospital stays that result from acute hypertension-related events. Research has shown that RPM can significantly lower systolic blood pressure (SBP) and diastolic blood pressure (DBP) compared to usual care and self-monitoring alone. According to a few non-randomized trials, RPM can improve outcomes by enabling accurate and early detection as well as decreasing all-cause mortality rates and hospitalizations. Recent clinical guidelines strongly recommend the use of RPM for atrial fibrillation (AF) detection in both stroke and non-stroke patients. This is bolstering the growth of the remote cardiac monitoring market.
Key Market Segments
Based on product type, the market is segmented into devices, software, and services. In 2021, the devices segment held the largest share SCAM remote cardiac monitoring market. Based on devices the market is divided into vital signs monitors, heart rate monitors, blood pressure monitors, breath monitors, holter monitors, and others. Vital signs monitors is expected to the fastest growing segment over the forecast period. Based on software the market is divided into cloud based software and on-premise software. The cloud based software segment accounts for largest market share in the 2021. Similarly, based on end user, the market is segmented into hospitals and clinics, emergency settings, homecare settings and others. In 2021, the hospitals and clinics segment held the largest share of the market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the remote cardiac monitoring market in SCAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Abbott; Biotronik, Inc.; Boston Scientific Corporation; Honeywell International Inc.; Koninklijke Philips N.V.; Medtronic; Nihon Kohden Corporation; and OSI Systems, Inc. among others.
Reasons to buy report
- To understand the SCAM remote cardiac monitoring market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SCAM remote cardiac monitoring market
- Efficiently plan M&A and partnership deals in SCAM remote cardiac monitoring market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SCAM remote cardiac monitoring market
- Obtain market revenue forecast for market by various segments from 2021-2028 in SCAM region.
SCAM REMOTE CARDIAC MONITORING MARKET SEGMENTATION
By Product Type
- Devices
- Vital Signs Monitors
- Heart Rate Monitors
- Blood Pressure Monitors
- Breath Monitors
- Holter Monitors
- Others
- Software
- Cloud Based Software
- On-Premise Software
- Services
By End User
- Hospitals and Clinics
- Emergency Settings
- Homecare Settings
- Others
By Country
- Brazil
- Argentina
- RoSCAM
Company Profiles
- Abbott
- Biotronik, Inc.
- Boston Scientific Corporation
- Honeywell International Inc.
- Koninklijke Philips N.V.
- Medtronic
- Nihon Kohden Corporation
- OSI Systems, Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SCAM Remote Cardiac Monitoring Market – By Product Type
1.3.2 SCAM Remote Cardiac Monitoring Market – By End User
1.3.3 SCAM Remote Cardiac Monitoring Market – By Country
2. SCAM Remote Cardiac Monitoring Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SCAM Remote Cardiac Monitoring Market – Market Landscape
4.1 Overview
4.1 PEST Analysis
4.1.1 South and Central America (SCAM) – PEST Analysis
4.2 Expert Opinions
5. SCAM Remote Cardiac Monitoring Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Incidence of Cardiovascular Diseases
5.1.2 Continuous Developments in Telemedicine Approach
5.2 Market Restraints
5.2.1 Concerns Regarding Data Privacy
5.3 Market Opportunities
5.3.1 Surge in Preference for Remote Patient Monitoring During COVID-19 Pandemic
5.4 Future Trends
5.4.1 Strategic Initiatives by Market Players
5.5 Impact analysis
6. Remote Cardiac Monitoring Market – SCAM Analysis
6.1 SCAM Remote Cardiac Monitoring Market Revenue Forecast and Analysis
7. SCAM Remote Cardiac Monitoring Market Analysis and forecasts to 2028 – by Product Type
7.1 Overview
7.2 SCAM Remote Cardiac Monitoring Market Share by Product Type 2021 & 2028 (%)
7.3 Devices
7.3.1 Overview
7.3.2 Devices: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.1 Vital Signs Monitor
7.3.2.1.1 Overview
7.3.2.1.2 Vital Signs Monitor: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.2 Holter Monitor
7.3.2.2.1 Overview
7.3.2.2.2 Holter Monitor: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.3 Blood Pressure Monitor
7.3.2.3.1 Overview
7.3.2.3.2 Blood Pressure Monitor: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.4 Heart Rate Monitors
7.3.2.4.1 Overview
7.3.2.4.2 Heart Rate Monitors: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.5 Breath Monitors
7.3.2.5.1 Overview
7.3.2.5.2 Breath Monitors: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.6 Others
7.3.2.6.1 Overview
7.3.2.6.2 Others: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Software
7.4.1 Overview
7.4.2 Software: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.4.2.1 Cloud Based Software
7.4.2.1.1 Overview
7.4.2.1.2 Cloud Based Software: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.4.2.2 On-Premise Software
7.4.2.2.1 Overview
7.4.2.2.2 On-Premise Software: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.5 Service
7.5.1 Overview
7.5.2 Service: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
8. SCAM Remote Cardiac Monitoring Market Analysis and Forecasts to 2028 – by End User
8.1 Overview
8.2 SCAM Remote Cardiac Monitoring Market Share by End User 2021 & 2028 (%)
8.3 Hospitals and Clinics
8.3.1 Overview
8.3.2 Hospitals and Clinics: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Emergency Settings
8.4.1 Overview
8.4.2 Emergency Settings: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Homecare Settings
8.5.1 Overview
8.5.2 Homecare Settings: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: SCAM Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
9. SCAM Remote Cardiac Monitoring Market – Country Analysis
9.1 South and Central America: Remote Cardiac Monitoring Market
9.1.1 Overview
9.1.2 South and Central America: Remote Cardiac Monitoring Market Share by Country – 2021 & 2028, (%)
9.1.2.1 Brazil: Remote Cardiac Monitoring Market- Revenue and Forecasts To 2028 (USD Million)
9.1.2.1.1 Brazil: Remote Cardiac Monitoring Market- Revenue and Forecasts To 2028 (USD Million)
9.1.2.1.2 Brazil Remote Cardiac Monitoring Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2.1 Brazil: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.1.2.2 Brazil: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.1.3 Brazil Remote Cardiac Monitoring Market, By End User – Revenue and Forecast to 2028 (USD Million)
9.1.2.2 Argentina: Remote Cardiac Monitoring Market- Revenue and Forecasts to 2028 (USD Million)
9.1.2.2.1 Argentina: Remote Cardiac Monitoring Market- Revenue and Forecasts to 2028 (USD Million)
9.1.2.2.2 Argentina Remote Cardiac Monitoring Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.2.1 Argentina: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.2.2.2 Argentina: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.2.3 Argentina Remote Cardiac Monitoring Market, By End User – Revenue and Forecast to 2028 (USD Million)
9.1.2.3 Rest of South and Central America: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 Rest of South and Central America: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2 Rest of South and Central America Remote Cardiac Monitoring Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2.1 Rest of South and Central America: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.3.2.2 Rest of South and Central America: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.3.3 Rest of South and Central America Remote Cardiac Monitoring Market, By End User – Revenue and Forecast to 2028 (USD Million)
10. Impact Of COVID-19 Pandemic on SCAM Remote Cardiac Monitoring Market
10.1 South and Central America: Impact Assessment of COVID-19 Pandemic
11. SCAM Remote Cardiac Monitoring Market– Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 GE Healthcare
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Biotronik, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nihon Kohden Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Boston Scientific Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Koninklijke Philips N.V.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Honeywell International Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Abbott
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Medtronic
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. SCAM Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Remote Cardiac Monitoring Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Remote Cardiac Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)
Table 5. Brazil Remote Cardiac Monitoring Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Remote Cardiac Monitoring Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Argentina Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 8. Argentina Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)
Table 9. Argentina Remote Cardiac Monitoring Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of South and Central America Remote Cardiac Monitoring Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of South and Central America Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of South and Central America Remote Cardiac Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of South and Central America Remote Cardiac Monitoring Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 14. Organic Developments Done By Companies
Table 15. Inorganic Developments Done By Companies
Table 16. Glossary of Terms, Remote Cardiac Monitoring Market
LIST OF FIGURES
Figure 1. SCAM Remote Cardiac Monitoring Market Segmentation
Figure 2. SCAM Remote Cardiac Monitoring Market Segmentation, By Country
Figure 3. SCAM Remote Cardiac Monitoring Market Overview
Figure 4. Devices Segment Held Largest Share of SCAM Remote Cardiac Monitoring Market
Figure 5. Brazil to Show Significant Growth During Forecast Period
Figure 6. South and Central America (SCAM) PEST Analysis
Figure 7. SCAM Remote Cardiac Monitoring Market Impact Analysis of Driver and Restraints
Figure 8. SCAM Remote Cardiac Monitoring Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. SCAM Remote Cardiac Monitoring Market Share by Product Type 2021 & 2028 (%)
Figure 10. Devices: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. Vital Signs Monitor: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. Holter Monitor: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Blood Pressure Monitor: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Heart Rate Monitors: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Breath Monitors: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Others: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Software: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Cloud Based Software: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. On-Premise Software: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Service: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. SCAM Remote Cardiac Monitoring Market Share by End User 2021 & 2028 (%)
Figure 22. Hospitals and Clinics: SCAM
Figure 23. Homecare Settings: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. Others: SCAM Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. South and Central America: Remote Cardiac Monitoring Market, By Key Country – Revenue (2021) (USD Million)
Figure 26. South and Central America: Remote Cardiac Monitoring Market Share by Country – 2021 & 2028, (%)
Figure 27. Brazil: Remote Cardiac Monitoring Market- Revenue and Forecasts to 2028 (USD Million)
Figure 28. Argentina: Remote Cardiac Monitoring Market- Revenue and Forecasts to 2028 (USD Million)
Figure 29. Rest of South and Central America: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)
Figure 30. Impact Of COVID-19 Pandemic in South and Central America Africa Country Markets
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
- Abbott
- Biotronik, Inc.
- Boston Scientific Corporation
- Honeywell International Inc.
- Koninklijke Philips N.V.
- Medtronic
- Nihon Kohden Corporation
- OSI Systems, Inc.
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