Global Cardiovascular Digital Solutions Market
Medical Equipment

Global Cardiovascular Digital Solutions Market Opportunities And Strategies 2023

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

The Business Research Company’s cardiovascular digital solutions market report forecasts the cardiovascular digital solutions market size to grow to $128.44 Billion by 2027, with a CAGR (compound annual growth rate) of 9%.

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Cardiovascular Digital Solutions Market Size Forecast
The global cardiovascular digital solutions market is expected to grow from $82.53 billion in 2022 to $90.84 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cardiovascular digital solutions market size is expected to reach $128.44 billion in 2027 at a CAGR of 9%.

North America held the largest cardiovascular digital solutions market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Cardiovascular Digital Solutions Market Driver ­– Rise In Cardiovascular Disease Prevalence Worldwide
For example, according to a data released by the American Heart Association, a non-profit organisation located in the United States, 928,741 individuals died in the United States in 2020 as a result of cardiovascular disease (CVD), which was identified as the leading cause of death. In 2020, a heart attack was the cause of around 1 in every 21 deaths in the United States. In 2020, a stroke mortality happened every 3 minutes and 17 seconds on average in the United States. As a result, the global rise in cardiovascular disease prevalence is propelling the cardiovascular digital solutions market.

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Key Cardiovascular Digital Solutions Market Trend – Product Innovation
Major players in the cardiovascular digital solutions market are focusing on developing innovative products to strengthen their market position. For example, Eko Health, a US-based manufacturer of digital health solutions for heart and lung disorders, will introduce the SENSORA Cardiac disorders Detection Platform in February 2023. SENSORA is a platform for detecting cardiovascular disease that combines the most recent developments in applied machine learning with one of the world’s most commonly used medical devices: the stethoscope. Eko has developed a detection platform that could expand as the company develops applications for other cardiac illnesses by recording and analysing electrical signals and heart sounds with its digital stethoscopes.

Cardiovascular Digital Solutions Market Segment
1) By Services: Unobtrusive Testing, CVD Health Informatics, Cardiac Rehab Programs, Other Services
2) By Components: Devices, Software
3) By Deployment: Cloud-Based, On-Premise
4) By End-Use: Hospitals and Clinics, Ambulatory Care Centers, Other End-Users

Cardiovascular Digital Solutions Market Major Players and Strategies
Major players in the cardiovascular digital solutions market are 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, and Medtronic PLC.

Baxter International Inc., a US-based healthcare company that specialises in treating both acute and chronic medical concerns, including heart disease, paid around $12.5 billion for Hill-Rom Holdings Inc. in December 2021. Baxter International Inc. intends to use its significant global footprint, including its commercial and service infrastructure, to expand historic Hill-Rom Holdings Inc. and Welch Allyn products into new international markets, bringing the combined portfolio of goods and services to even more patients and healthcare professionals worldwide. Hill-Rom Holdings Inc. is a firm established in the United States that provides diagnostic cardiology digital solutions.

The Cardiovascular Digital Solutions Global Market Report 2023 covers regional data on cardiovascular digital solutions market size, cardiovascular digital solutions market trends and drivers, opportunities, strategies, and cardiovascular digital solutions market competitor analysis. The countries covered in the cardiovascular digital solutions 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.

Cardiovascular digital solutions are technical solutions that use personalised methods to cardiovascular diagnosis and treatment through the use of wearables, smartphones, software, sensors, and artificial intelligence. These are used to boost patient autonomy and promote commitment to lifestyle changes by allowing patients to self-monitor health interventions.

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