Telemonitoring is fastest growing segment fueling the growth of Cardiovascular Monitoring And Diagnostic Devices market

 

The global Cardiovascular Monitoring And Diagnostic Devices Market is estimated to be valued at US$ 2,955.1 Mn or billions in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Cardiovascular monitoring and diagnostic devices are used to monitor and analyze the heart rate, blood pressure and other parameters. These devices aid in detection of cardiovascular diseases at an early stage and help physicians in effective treatment.

Market key trends:
Remote patient monitoring through telemonitoring devices is emerging as an important trend in the cardiovascular monitoring and diagnostic devices market. Telemonitoring devices allow continuous monitoring of patients at home and transfer of the records to healthcare professionals. They help in early detection of deteriorations or complications. The adoption of telemonitoring devices is expected to witness significant growth owing to increasing burden of cardiovascular diseases, rise in geriatric population and need for affordable long term care. Additionally, integration of IoT and AI in cardiovascular monitoring devices is enabling continuous analysis of vital parameters and predictive analysis to preempt cardiovascular events.
Segment Analysis
The global cardiovascular monitoring and diagnostic devices market is segmented on the basis of product type, end user and geography. By product type, the market is segmented into ECG systems, ECG management systems, holter monitors, event monitors, implantable loop recorders, cardiovascular diagnostic devices and others. Among these, the ECG systems hold a major share in the market owing to its wide range of applications in detecting cardiac anomalies. It is affordable, portable and provides accurate and real-time heart rate monitoring.

Key Takeaways
The global cardiovascular monitoring and diagnostic devices market is expected to witness high growth, exhibiting CAGR of 10.% over the forecast period, due to increasing prevalence of cardiovascular diseases.

The North American region dominates the global cardiovascular monitoring and diagnostic devices market owing to the rising geriatric population, increasing prevalence of cardiovascular diseases and developed healthcare infrastructure in the region.

Key players operating in the cardiovascular monitoring and diagnostic devices market are GE Healthcare, Philips Healthcare, Nihon Kohden, Schiller AG, Opto Circuits (India) Limited, Welch Allyn, Fukuda Denshi Co., Ltd, Lidco Group plc., Biotricity Inc., Bittium Corporation, VivaQuant. The global cardiovascular monitoring and diagnostic devices market size was valued at US$ 2,955.1 Mn in 2023 and expected to reach over US$ 7,000 Mn by 2030.

Comments

Post a Comment

Popular posts from this blog

Unveiling Health Secrets: Exploring the Potential of Blood-Based Biomarkers

Image
  The human body is a complex and intricate system, often harboring subtle signs of its inner workings. One of the most promising avenues for unlocking these secrets lies within our bloodstream – a treasure trove of information encoded in the form of blood-based biomarkers. These biomarkers, measurable indicators present in the blood, hold the potential to revolutionize healthcare by providing early detection, accurate diagnosis, and personalized treatment approaches. Blood-based biomarkers encompass a wide range of molecules – from proteins and nucleic acids to metabolites and even circulating cells. Researchers have been diligently working to identify specific biomarkers associated with various diseases and conditions. For instance, elevated levels of certain proteins might point to cardiovascular diseases, while specific genetic material could indicate the presence of cancer. By analyzing these biomarkers, clinicians gain valuable insights into an individual's health status, en...
Read more

Revolutionizing Biology: Advancements in Single Cell Analysis Techniques

Image
  Single cell analysis has emerged as a groundbreaking technology that is revolutionizing the field of biology. Traditionally, biological studies were conducted on populations of cells, averaging out the heterogeneity present within them. However, the advent of single cell analysis has enabled scientists to delve into the complexity of individual cells, uncovering a wealth of previously inaccessible information. Advancements in single cell analysis techniques have paved the way for a deeper understanding of cellular heterogeneity, gene expression, and cellular behavior. One of the most remarkable techniques is single-cell RNA sequencing (scRNA-seq), which allows scientists to measure gene expression in individual cells. This breakthrough has led to the identification of rare cell types, understanding of cellular communication networks, and the discovery of novel biomarkers. Moreover, single cell imaging techniques, such as single cell fluorescence microscopy, have enabled research...
Read more

Medical Robots Market Poised to Grow Owing to Improving Healthcare Infrastructure

Image
 The Medical Robots Market is anticipated to witness robust growth due to rising healthcare spending across the globe. Medical robots are used to perform minimal invasive surgeries with greater accuracy and flexibility. Growing preference for Robot-Assisted Surgery (RAS) over conventional open surgeries due to benefits such as shorter recovery time and minimum operative scars has been augmenting demand for medical robots. Key functions include guiding and positioning surgical accessories like guide tubes in radiology and guiding catheter and wires in cardiology. With rising chronic disease prevalence associated with aging populations, the need for more surgical procedures is surging which requires precise action minimally invasive robotic systems can provide. The Global Medical Robots Market is estimated to be valued at US$ 11.47 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030. Key Takeaways: Key players operating in the Medical Robo...
Read more