United States, Rockville MD, Aug. 09, 2022 (GLOBE NEWSWIRE) -- As per industry analysis by Fact.MR, a market research and competitive intelligence provider, the cardiovascular disease monitoring and diagnostic devices market is forecasted to rise at 6% CAGR over the forecast period (2022-2027).
The urban population is edging more frequently towards unhealthy eating patterns and tobacco use, which has raised the occurrence of cardiovascular diseases and circulatory system disorders such as heart valve dysfunction, cardiac arrest, and high blood pressure. These are the main elements fueling market expansion.
The fusion of science and technology has resulted in the development of instruments that can accurately track and identify the emergence of a disease in the circulatory system, such as the heart and blood vessels. The adoption of these devices is also projected to increase as healthcare infrastructure in developed and emerging economies improve.
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Additionally, market players want to increase the accessibility of affordable cardiovascular devices. As a result, the cardiovascular monitoring and diagnostic devices market is anticipated to rise rapidly over the coming years.
Key Takeaways from Market Study
- The global cardiovascular disease monitoring and diagnostic devices market is set to reach US$ 4.2 billion by 2027.
- Market in Canada is expected to increase at a CAGR of 5.5% from 2022 to 2027.
- Market in Europe is expected to expand at a CAGR of 4% over the forecast period.
- Demand for implantable loop recorders is projected to rise at a CAGR of 5.7% from 2022 to 2027.
“Increasing initiatives by government organizations, growing availability of technologically-advanced products, and rising prevalence of obesity are factors supporting cardiovascular disease monitoring and diagnostic devices market growth,” says a Fact.MR analyst
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Winning Strategy
Major market participants are concentrating on the creation of web-based remote cardiac monitoring solutions as well as the approval and introduction of new devices to diversify their product offerings.
Manufacturers are concentrating their R&D efforts on creating improved implantable cardiac monitors and heart rate monitors to improve the accuracy of monitoring for patients with irregular heart rhythms.
For instance,
- In 2021, a novel AI-based remote monitoring system for heart patients was unveiled by Remo Care Solutions, which evaluates patients' cardiovascular conditions in real time.
Segmentation of Cardiovascular Disease Monitoring and Diagnostic Devices Industry Research
- By Product :
- ECG Systems
- Holter Monitors
- Implantable Loop Recorders
- Others
- By End User :
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global cardiovascular disease monitoring and diagnostic devices market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study divulges essential insights on the market on the basis of product (ECG systems, Holter monitors, implantable loop recorders, others) and end user (hospitals, ambulatory surgical centers, clinics), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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