Cardiovascular monitoring and diagnostic devices are designed to monitor cardiovascular diseases. Cardiovascular diseases are a group of heart and blood vessel disorders such as coronary heart diseases, peripheral arterial disease, deep vein thrombosis and congenital heart disease. Cardiovascular monitoring is important because these diseases are the leading cause of death worldwide according to World Health Organization (WHO). This diagnostic device is important to monitor the functioning of the heart generally with the help of electrocardiography (ECG) and circulatory functions. It is an important and crucial device to monitor unstable circulatory states, and also use for pre, intra and postoperative monitoring of the cardiovascular system. Growing focus towards the development of advanced healthcare monitoringdevicesfor better treatment of patients are the major drivers responsible for the growth of the global cardiovascular monitoring &diagnostics devices market in the near future.
The global cardiovascular monitoring &diagnostics devices market is propelled by the increasing geriatric population coupled with the increasing prevalence of diseases related to heart failure, arrhythmia, and others.Incessantmodification of cardiovascular monitoring &diagnostics devices for improving the quality of the healthcare services which will benefit the patients the important factor making this market moredemandingduring the projection period. Another prime cause which is driving the market for cardiovascular monitoring &diagnostics devices is urban population drifting towards the direction ofill- eating habits such as tobacco, and unnatural diet. Development of healthcare infrastructure in emerging economies also fuels the growth of this market. Moreover, government aim at providing better care to their citizens is also a key factor propelling the market growth during the forecast period of 2017-2025.
The global cardiovascular monitoring &diagnostics devices market in the report is segmented by product type which includes ECG systems, ECG management systems, event monitors, Holter monitors, and implantable loop recorders. Geographically, the global cardiovascular monitoring &diagnostics devices market segmented into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Among the other regions, North-America holds the highest market CAGR, followed by Europe, Asia-Pacific, and Rest of the World. Rising healthcare infrastructure coupled with the massive investment in upgradation of cardiovascular monitoring &diagnostics devices are mostly driving this market in North-America. Moving forward, rising focus on healthcare devices development activities by key players present in Germany, France, China, and India, therefore, propels the demand for cardiovascular monitoring &diagnostics devices in both Europe and Asia-Pacific region.
However, due to lack of skilled professional and some stringent government tactics may hinder the growth of the global cardiovascular monitoring &diagnostics devices market during the projection period.
Some of the major players in the global cardiovascular monitoring &diagnostics devices include Boston Scientific Corporation, Fukuda Denshi Co., Ltd., GE Healthcare, Johnson & Johnson, Medtronic Inc., Nihon Kohden Corporation, Philips Healthcare, Siemens Healthcare, and Spacelabs Healthcare.
Global Cardiovascular Monitoring & Diagnostics Devices Market: By Product Type
Global Cardiovascular Monitoring & Diagnostics Devices Market: By Geography