The cardiovascular monitoring and diagnostic devices and equipment market consists of sales of cardiovascular monitoring and diagnostic devices and equipment and related services. Cardiovascular monitoring and diagnostic devices and equipment are used for the diagnosis, monitoring, and treatment of cardiovascular diseases. The key product types include Cardiopulmonary Stress Testing Systems, ECG Data Management Systems, ECG Monitoring Equipment, ECG Stress Testing Systems, Event Monitoring Systems, and Holter Monitoring Systems.
Global Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Size And Drivers:
The global cardiovascular monitoring and diagnostic devices and equipment market is expected to grow from $2.46 billion in 2020 to $2.82 billion in 2021 at a compound annual growth rate (CAGR) of 14.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.72 billion in 2025 at a CAGR of 7.2%. The cardiovascular monitoring and diagnostic devices and equipment market is being driven by an increasing number of people suffering from obesity and diabetes.
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Trends In The Global Cardiovascular Monitoring And Diagnostic Devices And Equipment Market
Companies in the cardiovascular monitoring and diagnostic devices and equipment market are developing implantable cardiac monitors (ICM) to monitor the heart rhythm. ICMs continuously monitor the electrocardiogram (ECG) of the patient to conduct a real-time examination of the heart rhythm, for up to 36 months. ICMs are mostly used in the analysis of transitory symptoms which have an arrhythmic origin, such as unexplained palpitations. For example, in July 2020, Medtronic received U.S. Food and Drug Administration (FDA) clearance and European CE label approval for its Linq II insertable cardiac monitor (ICM) by remote programming, allows clinicians to optimize device settings without the requirement for patients to return to the hospital.
Global Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Segments:
The global cardiovascular monitoring and diagnostic devices and equipment market is further segmented –
By Product Type: Cardiopulmonary Stress Testing Systems, ECG Data Management Systems, ECG Monitoring Equipment, ECG Stress Testing Systems, Event Monitoring Systems, Holter Monitoring Systems
By End-Use: Hospitals/Physician Clinic (Continuous Glucose Monitors), Home/Emergency, Research and Development (Clinical Trials, Universities, CRO)
By Type: Heart Disease, Coronary Heart Disease
By Geography: The global cardiovascular monitoring and diagnostic devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Cardiovascular Monitoring And Diagnostic Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides cardiovascular monitoring and diagnostic devices and equipment market overviews, analyzes and forecasts market size and growth for the global cardiovascular monitoring and diagnostic devices and equipment market, cardiovascular monitoring and diagnostic devices and equipment market share, cardiovascular monitoring and diagnostic devices and equipment market players, cardiovascular monitoring and diagnostic devices and equipment market segments and geographies, cardiovascular monitoring and diagnostic devices and equipment market’s leading competitors’ revenues, profiles and market shares. The cardiovascular monitoring and diagnostic devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
