Cardiovascular Monitoring and Diagnostic Devices Market by Product and Region

According to the report “Global Cardiovascular Monitoring and Diagnostic Devices Market,” published by Market Data Forecast, the global market is projected to reach USD 2391.87 million by 2020 from USD 1754 million in 2015, at a CAGR of 6.4%.

The generic term cardiovascular monitoring covers the monitoring of heart and circulatory functions. Cardiovascular monitoring is vital and of crucial importance in the case of cardiological diseases, unstable circulatory states, and shock as well as for pre, intra, and postoperative monitoring of the cardiovascular system. Firstly, it must be possible to commence interventions quickly in the event of any impairment, and in addition the measurements are used to assess the condition of the patient, reach a diagnosis, decide on the therapy, and monitor the therapy.

The digital revolution and the rapid development of smart phones, mobile connectivity, and social networking have changed the way we live. Recently, novel devices for wireless monitoring have emerged and begun to be integrated with the care of the cardiac patient. The evolution of these wireless cardiac monitoring devices will mark a new era in medicine and a transition from population-level health care to individualized medicine in which suitable patients are equipped with advanced biosensors that, in turn, have their data processed through sophisticated algorithms to predict events before they occur.

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The factors influencing the Global Market for Cardiovascular Monitoring and Diagnostic Devices Market, either positively or negatively are presented in the DROC analysis. Increasing risks related to hypertension, heart muscle weakening, increasing number of people suffering from diabetes and obesity are the major factors driving the market. Technological advancements have enabled additional features such as portability in performing various tests which are further adding to the growth of Cardiovascular Monitoring market. However unclear reimbursement policies, strict government regulations for products and high cost of monitoring devices are some the major factors hindering the growth of the market

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For granular level understanding, the Cardiovascular Monitoring and Diagnostic Devices Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segments.

• By Product Type
o ECG Systems
o Resting ECG Systems
o Stress ECG Systems
o Event Monitors
o Holter Monitors
o Implantable Loop Recorders
o ECG Management Systems

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On the basis of geography global market for cardiovascular diagnostic and monitoring devices market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America is the largest market for cardiovascular diagnostic and monitoring devices market and is expected to sustain its strong share owing to its favourable reimbursement policies and high awareness about available diagnosis and treatment methods among patients and physicians. Asia-Pacific is estimated to be the fastest growing region during the forecast period due to rising awareness about the effectiveness of accessible devices in successfully curing several cardio vascular conditions and increasing healthcare spending.

• North America Cardiovascular Monitoring and Diagnostic Devices Market
• Europe Cardiovascular Monitoring and Diagnostic Devices Market
• Asia-Pacific Cardiovascular Monitoring and Diagnostic Devices Market
• Latin America Cardiovascular Monitoring and Diagnostic Devices Market
• Middle East and Africa Cardiovascular Monitoring and Diagnostic Devices Market

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GE healthcare and Phillips healthcare dominated the global Cardiovascular Monitoring and Diagnostic Devices Market accounting for an approximately 50% share. Other major players covered in the report are Siemens Healthcare, Boston Scientific Corporation, St. Jude Medical, Inc., Nihon Kohden Corporation, and Welch Allyn, Inc.

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The Cardiovascular Monitoring and Diagnostic Devices Market study offers the following deliverables:

• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming

• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail

• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses

• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment

• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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