Cardiovascular Digital Solutions Forecast Report – Designed for Decision Makers and Product Teams
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What Is the Growth Rate of the Cardiovascular Digital Solutions Market?
The size of the cardiovascular digital solutions market has seen robust growth in the recent past. It is projected to expand from $98.23 billion in 2024 to $108.04 billion in 2025, representing a compound annual growth rate (CAGR) of 10.0%. Factors like a surge in cardiovascular diseases, the adoption of telemedicine, use of data analytics for risk prediction, patient engagement efforts, and remote patient monitoring have fueled growth in the historical period.
What Growth Rate Is Forecasted for the Cardiovascular Digital Solutions Market by 2029?
Expectations are high for a swift expansion of the cardiovascular digital solutions market in the coming years, with a prediction of growth to $161.57 billion by 2029, a compound annual growth rate (CAGR) of 10.6%. The projected growth during this period is linked to several factors including the incorporation of artificial intelligence and machine learning, the increasing importance of digital biomarkers, the implementation of remote cardiac rehabilitation programs, the interoperability of healthcare systems and an emphasis on real-time monitoring and alerts. Anticipated trends for this period encompass the use of blockchain for secure health data management, the union of EHRS and cardiovascular digital solutions, mobile health applications geared towards cardiovascular management, a focus on cardiovascular rehabilitation solutions, and partnerships between technology companies and healthcare providers.
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Which Key Companies Are Shaping the Future of the Cardiovascular Digital Solutions Market?
Major companies operating in the cardiovascular digital solutions market include iRythm Technologies Inc., Apple Inc., General Electric Company, Uber Diagnostics Private Limited, AlivCor Inc., Verily Life Sciences, HeartFlow Inc., Bardy Diagnostics Inc., BioTelemetry Inc., eviCore healthcare, Nanowear Inc, Cardiac Insight Inc., Bay Labs Solutions, Change Healthcare, Medtronic PLC, BenevolentAI Limited, Cardiologs Technologies, Cardiopulmonary Corp., Congenica Ltd., Cyient Limited, Data4Cure Inc., Deep Genomics Incorporated, DNAnexus Inc., Emedgene Technologies Ltd., Fabric Genomics Inc., FDNA Inc., Freenome Holdings Inc., GNS Healthcare, IBM Watson Health, Illumina Inc., Microsoft Corporation, Niramai Health Analytix, NVIDIA Corporation, Omron Healthcare Co. Ltd.
Which Factors Are Driving Demand in the Cardiovascular Digital Solutions Industry?
The global increase in the incidence of cardiovascular diseases is anticipated to stimulate the expansion of the cardiovascular digital solutions market. Cardiovascular diseases (CVDs) encompass conditions that afflict the heart and blood vessels. Cardiovascular digital solutions empower patients by enabling them to keep track of health behaviors that mitigate disease risk factors and foster adherence to these lifestyle modifications. Utilizing these solutions has resulted in a reduction in the morbidity and mortality rates of cardiovascular diseases, and consequently, the spike in instances of cardiovascular diseases propels the demand for cardiovascular digital solutions. For instance, based on the statistics revealed by the Office for Health Improvement and Disparities, a governmental department in the UK, in 2023 around 1,862,500 individuals (representing 3%) in England were diagnosed with coronary heart disease by their GP. Given these conditions, the escalating prevalence of cardiovascular diseases across the globe is stimulating the growth of the cardiovascular digital solutions market.
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How Is the Cardiovascular Digital Solutions Market Segmented by Several Divisions?
The cardiovascular digital solutions market covered in this report is segmented –
1) By Components: Devices, Software
2) By Services: Unobtrusive Testing, CVD Health Informatics, Cardiac Rehab Programs, Other Services
3) By Deployment: Cloud-Based, On-Premise
4) By End-Use: Hospitals And Clinics, Ambulatory Care Centers, Other End-Users
Subsegments:
1) By Devices: Wearable Devices, Implantable Devices, Remote Monitoring Devices
2) By Software: Cardiac Monitoring Software, Data Analytics Platforms, Telehealth Solutions, Patient Management Software
What are the Emerging Market Trends Driving the Growth of the Cardiovascular Digital Solutions Industry?
The cardinal trend noted in the cardiovascular digital solutions market centers around product innovation. To solidify their stance in the market, prominent companies in this field are honing their focus on producing novel products. Take for instance Eko Health, a manufacturer of digital health solutions for heart and lung diseases based in the US, which launched SENSORA Cardiac Disease Detection Platform in February 2023. SENSORA merges the latest developments in applied machine learning with one of the most widely used medical equipment globally – the stethoscope. Through the use of its digital stethoscopes to capture and interpret electrical signals and heart noises, Eko has developed a detection platform that can be expanded as they create applications for other heart conditions in the future. Notably, SENSORA integrates AI proficient in accurately identifying structural murmurs, an indicator of heart valve disease, alongside a Care Pathway Analytics software that provides downstream insights and analysis of care protocols across the healthcare system.
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Which Regions Are Driving Growth in the Cardiovascular Digital Solutions Market?
North America was the largest region in the cardiovascular digital solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the cardiovascular digital solutions market report during the forecast period. The regions covered in the cardiovascular digital solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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This Report Delivers Insight On:
1. How big is the cardiovascular digital solutions market, and how is it changing globally?
2. Who are the major companies in the cardiovascular digital solutions market, and how are they performing?
3. What are the key opportunities and risks in the cardiovascular digital solutions market right now?
4. Which products or customer segments are growing the most in the cardiovascular digital solutions market?
5. What factors are helping or slowing down the growth of the cardiovascular digital solutions market?
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