Sarasota, FL, Dec. 19, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cardiovascular Monitoring and Diagnostic Devices Market by Product Type (ECG systems, Holter Monitors, Event Monitors, Implantable loop recorders, and ECG Management Systems) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. The global cardiovascular monitoring and diagnostic devices market was valued at around USD 1.70 billion in 2015 and is expected to reach approximately USD 2.60 billion by 2021, growing at a CAGR of around 7.0% between 2016 and 2021.
Cardio Vascular Diseases or CVD is the world’s leading cause of death in men and women and these deaths are due to heart failure, congenital heart disease, peripheral vascular disease, cardiomyopathy, coronary heart disease and stroke. Cardio vascular monitoring devices help in identifying electrical and pressure waveforms of the cardiovascular system for the treatment and measurement of cardio vascular diseases. Nowadays, new emerging non-invasive cardiovascular monitoring technologies are playing very important role in treatment therapies of cardio vascular diseases. This long-term non-invasive cardiovascular monitoring has important prognostic applications and provides accurate information for cardiovascular treatment and diagnosis. Cardio vascular diagnosis tests include cardiac catheterization, blood tests, cardiac magnetic resonance imaging (MRI), electrocardiogram, cardiac computerized tomography (CT) scan and echocardiogram.
Browse through 16 Market Tables and 27 Figures spread over 110 Pages and in-depth TOC on “Global Cardiovascular Monitoring and Diagnostic Devices Market: By Product, Type, Size, Share, Analysis, Segment and Forecast 2015-2021”.
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The cardiovascular monitoring and diagnostic devices market is propelled by increasing prevalence of cardiovascular diseases. Unhealthy lifestyle and increasing consumption of smoking & alcohol are mainly responsible for cardiovascular diseases. Rising geriatric & obese population is key driver for the growth of cardiovascular monitoring and diagnostic devices market. In addition, cardiovascular monitoring and diagnostic devices market is growing at lucrative growth rate due to new emerging technologies for the treatment and diagnosis of cardiovascular diseases. Moreover, the market of cardiovascular monitoring and diagnostic devices is accelerated by rising awareness towards healthy life and by increasing investment in medical device manufacturing by manufacturer. However, high cost of treatment and uncertainty in reimbursement may hamper the market growth of cardiovascular monitoring and diagnostic devices market. Nonetheless, untapped market and new emerging technologies of cardiovascular treatment & diagnostic generate new opportunities in forecast period.
Based on product type, the cardiovascular monitoring and diagnostic devices market has been segmented into ECG systems, holter monitors, event monitors, implantable loop recorders and ECG management systems. ECG system is further bifurcated into resting ECG systems, stress ECG systems. ECG system segment is dominating the market with more than 60% market share and it is expected to grow at CAGR of around 6% in the forecast period.
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In 2015, North America dominated the cardiovascular monitoring and diagnostic devices market and it was driven by increasing prevalence of peripheral arterial disease, hypertension coronary heart disease and strokes. North America cardiovascular monitoring and diagnostic devices market was projected to grow at a healthy CAGR growth rate and it is expected to maintain its dominance with more than 40% market share in forecast period. In North America, the U.S. was the leading market and it is due to cardiovascular diseases costs approximately USD 210 billion each year therefore it is predicted that it will generate more revenue in coming years.
Europe was the second largest cardiovascular monitoring & diagnostic devices market and it has strong hold on cardiovascular monitoring & diagnostic devices market with around 20% market share. As a result of increasing prevalence of cardiovascular diseases European cardiovascular monitoring & diagnostic devices market is expected to grow at healthy rate.
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With rapidly growing healthcare industry and increasing pressure driving development decisions by government, Asia Pacific cardiovascular monitoring & diagnostic devices market accounted for the third largest market in 2015 and it was growing with more than 15% market share. In forecast period, it is expected to gain some more valuation in cardiovascular monitoring & diagnostic devices market. India and China dominated the market followed by Japan. Major driving factors for Asia Pacific cardiovascular monitoring & diagnostic devices market are rising geriatric & obese population and rising hypertension cases.
Latin America cardiovascular monitoring & diagnostic devices market is an emerging market and it was dominated by Brazil. The Middle East & Africa is growing market for cardiovascular monitoring & diagnostic devices market and it was growing with more than 10% market share and it is expected to grow at healthy rate in coming years.
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Key participants operating in the cardiovascular monitoring and diagnostic devices market includes Boston Scientific Corporation, Welch Allyn, Inc., FUKUDA DENSHI Co., Ltd., GE Healthcare, Sorin Group, Johnson & Johnson, Medtronic, Inc, Nihon Kohden Corporation, Philips Healthcare, Siemens Healthcare, Spacelabs Healthcare, and St. Jude Medical, Inc.
These report segments of global Cardiovascular Monitoring and Diagnostic Devices Market are as follows:
Global Cardiovascular Monitoring and Diagnostic Devices Market: Product Type Analysis
- ECG systems
- Resting ECG systems
- Stress ECG systems
- Holter Monitors
- Event Monitors
- Implantable loop recorders
- ECG management systems
Global Cardiovascular Monitoring and Diagnostic Devices Market: Regional analysis
- North America
- U.S.
- Europe
- U.K.
- Germany
- France
- Asia
- India
- China
- Japan
- Latin America
- Brazil
- The Middle East and Africa
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