The global cardiovascular disease monitoring and diagnostic devices market is projected to rise at a CAGR of 6% from 2022 to 2027. The market is expected to secure a market value of around US$ 4.2 billion by 2027, up from US$ 3.14 billion in 2022. Increasing prevalence of chronic cardiovascular diseases across the world is the major driver of the global cardiovascular disease monitoring devices market. The main cause of death worldwide, according to the World Health Organization, is cardiovascular disease. High salt intake, increasing tobacco use, increase in cigarette consumption, and excessive alcohol use are the main culprits contributing to the rising cases of cardiovascular illnesses.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Cardiovascular Disease Monitoring and Diagnostic Devices Market both at worldwide and provincial levels.
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Market Players: –
- Medtronic
- Abbott
- GE Healthcare
- BIOTRONIK
- Boston Scientific Corporation
- Koninklijke Philips
- BioTelemetry Inc.
- Mortara Instrument Inc.
- Philips Healthcare
- Schiller AG
- Spacelabs Healthcare Inc.
- Welch Allyn
“Continuous Technological Advancements in Cardiovascular Monitoring and Diagnosis Tools”
The rising focus on offering high-quality care to people by government organizations, ongoing technological advancements, and enhanced healthcare infrastructure are all anticipated to have a positive impact on the heart disease monitoring devices market over the coming years.
Advanced physiological bio-signals have been introduced as a result of growing recent innovations in cardiovascular monitoring and diagnosis tools. Automating diagnosis can increase the frequency with which anomalies in cardiovascular parameters are recognized at a high level. In addition, businesses are focusing their research efforts on the creation of enhanced cardiac monitors and heart rate monitors to increase the precision of patients’ irregular heart rhythm monitoring.
Over the last few years, technologies employed in the creation of cardiovascular monitoring and diagnostic devices have advanced significantly, and the indications for these devices have increased. One such development is artificial intelligence, which has significantly enhanced the field of cardiology’s ability to diagnose specific heart diseases.
Segmentation of Cardiovascular Disease Monitoring and Diagnostic Devices Industry Research
- By Product :
- ECG Systems
- Holter Monitors
- Implantable Loop Recorders
- Others
- By End User :
- Hospitals
- Ambulatory Surgical Centers
- Clinics
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Competitive Landscape
Companies in the cardiovascular disease monitoring market compete against both established local firms and international players. While others are buying and collaborating with other businesses that are now popular on the market, manufacturers of diagnostic devices are creating and launching novel products and innovations to compete with the existing offerings.
For instance :
- In 2021, MedStar Health released a tool that seamlessly determines a patient’s risk of suffering a heart attack or stroke and presents it in their electronic health record with vibrant, user-friendly, and visualizations.
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