The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Cardiovascular Monitoring And Diagnostic Devices And Equipment Global Market Report 2023, the cardiovascular monitoring and diagnostic devices and equipment market is expected to show significant growth in the forecast period.

Key insights from the cardiovascular monitoring and diagnostic devices and equipment market forecast include:

1. Market Size

The global cardiovascular monitoring and diagnostic devices and equipment market is expected to grow from $3.12 billion in 2022 to $3.36 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The market size of cardiovascular monitoring and diagnostic devices and equipment is expected to grow to $4.31 billion in 2027 at a CAGR of 6.4%.

2. Major Driver

The cardiovascular monitoring and diagnostic devices and equipment market is being driven by an increasing number of people suffering from obesity and diabetes. Risk factors including high blood pressure and high cholesterol are associated with obesity and diabetes leads to cardiovascular diseases. For instance, as per a study conducted by the American Heart Association (AMA), by 2030, 22.2 million CVD is expected to grow. According to another study conducted by AMA in the U.S., 26 million people have been diagnosed with diabetes, and above 9 million further, have the condition but it hasn’t yet been diagnosed.

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3. Key Trend

The launch of new products is a key trend gaining popularity in the cardiovascular monitoring and diagnostic devices and equipment market. Companies in the market are focusing on the launch of new products to improve their product portfolio and strengthen their market position. For example, in August 2022, SmartCardia SA, a medical equipment manufacturer in Switzerland, launched 7L patch, its 7-lead cardiac monitoring patch in India. This patch monitor combines medical wearable technology with artificial intelligence (AI) to provide predictive and personalized patient insights through remote monitoring. The 7L patch is tracked by SmartCardia’s AI platform is interpreted by cardiologists and certified cardiac technicians and performs real-time detection of important arrhythmia events at cardiologist level accuracy.

4. Largest Region

North America was the largest region in global cardiovascular monitoring and diagnostic devices and equipment market in 2022.

5. Major Players

Major players in the cardiovascular monitoring and diagnostic devices and equipment market are Medtronic PLC., Boston Scientific Corporation, GE Healthcare, Johnson & Johnson, Philips Healthcare, Siemens Healthcare, St. Jude MedicalInc., Nihon Kohden Corporation, FUKUDA DENSHI Co. Ltd., and Sorin Group.

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Key Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Segments
The global cardiovascular monitoring and diagnostic devices and equipment market is segmented –
1) By Product Type: Cardiopulmonary Stress Testing Systems, ECG Data Management Systems, ECG Monitoring Equipment, ECG Stress Testing Systems, Event Monitoring Systems, Holter Monitoring Systems
2) By End-Use: Hospitals/Physician Clinic (Continuous Glucose Monitors), Home/Emergency, Research and Development (Clinical Trials, Universities, CRO)
3) By Type: Heart Disease, Coronary Heart Disease

The Cardiovascular Monitoring And Diagnostic Devices And Equipment Global Market Report 2023  provides an in-depth analysis on the cardiovascular monitoring and diagnostic devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the cardiovascular monitoring and diagnostic devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Cardiovascular Devices Global Market Report 2023
Cardiovascular Medical Lasers Global Market Report 2023
Cardiovascular Surgery Devices And Equipment Global Market Report 2023

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