According to the report “Cardiovascular Monitoring and Diagnostic Devices Market“, published by Market Data Forecast, the global market is projected to reach USD 2391 million by 2021, at a CAGR of 6.4% from 2015 to 2020.
Cardiovascular disease is a medical condition which affects the structure and function of organs associated with function of heart and its circulation. Cardio Vascular diseases are the primary cause of death and witnessing a high rise in prevalence.
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Increasing risks related to hypertension, heart muscle weakening, increasing number of people suffering from diabetes and obesity are the major factors driving the market. Technological advancements have enabled additional features such as portability in performing various tests which are further adding to the growth of Cardiovascular Monitoring market. However unclear reimbursement policies, strict government regulations for product approvals are some of the major factors restraining the market growth. Untapped markets in Asia-Pacific market provide a great opportunity for market growth.
Global for cardiovascular diagnostic and monitoring devices is analysed on the basis of product
- ECG systems
- Resting ECG systems
- Stress ECG systems
- Holter Monitors
- Event Monitors
- Implantable loop recorders and
- ECG management systems
GE healthcare and Phillips healthcare dominated the global Cardiovascular Monitoring and Diagnostic Devices Market accounting for an approximately 50% share. Other major players covered in the report are Siemens Healthcare, Boston Scientific Corporation, St. Jude Medical, Inc., Nihon Kohden Corporation, and Welch Allyn, Inc.
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