Overview and Scope
Cardiovascular monitoring and diagnostic devices and equipment are used for the diagnosis, monitoring, and treatment of cardiovascular diseases.
Sizing and Forecast
The cardiovascular monitoring and diagnostic devices and equipment market size has grown rapidly in recent years. It will grow from <b>$3.59 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. </b> The growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, preventive healthcare, telemedicine integration.
The cardiovascular monitoring and diagnostic devices and equipment market size is expected to see strong growth in the next few years. It will grow to <b>$5.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. </b> The growth in the forecast period can be attributed to personalized medicine, digital health, chronic disease management, remote patient monitoring. Major trends in the forecast period include wearable and mobile monitoring, ai-enhanced diagnostics, point-of-care testing, remote cardiac rehabilitation.
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Segmentation & Regional Insights
The cardiovascular monitoring and diagnostic devices and equipment market covered in this report 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 Type: Heart Disease, Coronary Heart Disease
3) By End-Use: Hospitals/Physician Clinic (Continuous Glucose Monitors), Home/Emergency, Research and Development (Clinical Trials, Universities, CRO)
<b>North America</b> was the largest region in global cardiovascular monitoring and diagnostic devices and equipment market in 2023. <b>Western Europe</b> was the second-largest region in cardiovascular monitoring and diagnostic devices and equipment market. The regions covered in the cardiovascular monitoring and diagnostic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
Enhanced healthcare infrastructure is expected to propel the growth of the cardiovascular monitoring and diagnostic devices and equipment market going forward. Healthcare infrastructure refers to the physical facilities, individuals, buildings, and systems required to deliver healthcare services to meet the health needs of target populations. Healthcare infrastructure is essential for the development, implementation, and effective use of cardiovascular monitoring and diagnostic devices and equipment. It provides the necessary facilities, equipment, personnel, and policies to ensure access to safe, effective, and high-quality medical devices that prevent, diagnose, and treat cardiovascular diseases. For instance, according to the National Health Expenditure Account (NHEA), published by the Centers for Medicare and Medicaid Services, a US-based federal agency, U.S. healthcare spending grew 2.7% in 2021, reaching $4.3 trillion or $12,914 per person. As a share of the nation’s Gross Domestic Product, health spending accounted for 18.3%. Thus, enhanced healthcare infrastructure is driving the growth of the cardiovascular monitoring and diagnostic devices and equipment market.
Key Industry Players
Major companies operating in the cardiovascular monitoring and diagnostic devices and equipment market include <b> Medtronic PLC, Boston Scientific Corporation, GE Healthcare, Johnson & Johnson, Philips Healthcare, Siemens Healthcare, St. Jude MedicalInc, Nihon Kohden Corporation, Fukuda Denshi Co. Ltd., Sorin Group, Welch Allyn Inc., LivaNova PLC, Spacelabs Healthcare, Opto Circuits India Ltd., BPL Health Management Solutions, OSI Systems Inc., Hill-Rom Holdings Inc., Schiller AG, Abbott Cardiovascular, Accellent Inc., Aerotel medical systems Ltd., Asahi Kasei Corporation, Bioheart Inc., Biosensors international group Ltd, Cook group incorporated, Dräger Medical AG & Co. KGaA., Molecular devices LLC, Edwards Lifesciences Corp., Biotronik Inc., Koninklijke Philips N.V., Endotronix Inc., Smartcardia, Personal Safety Corporation, Ivy Biomedical Systems Inc., Cardio Diagnostics Holdings Inc., ECG Excellence BV, Aktiia SA, HD Medical, HeartFlow Inc., VPG Medical, BioTelemetry Inc., Preventice Solutions, Mortara Instrument Inc., Getemed Medizin-Und Informationstechnik Ag, LifeWatch Technologies Ltd., QRS Diagnostic </b>
The cardiovascular monitoring and diagnostic devices and equipment market report table of contents includes:
1. Executive Summary
2. Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Characteristics
3. Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Trends And Strategies
4. Cardiovascular Monitoring And Diagnostic Devices And Equipment Market – Macro Economic Scenario
5. Global Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Size and Growth
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26. South America Cardiovascular Monitoring And Diagnostic Devices And Equipment Market
27. Brazil Cardiovascular Monitoring And Diagnostic Devices And Equipment Market
28. Middle East Cardiovascular Monitoring And Diagnostic Devices And Equipment Market
29. Africa Cardiovascular Monitoring And Diagnostic Devices And Equipment Market
30. Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Medtronic PLC
- Boston Scientific Corporation
- GE Healthcare
- Johnson & Johnson
- Philips Healthcare
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