Press release
Prevalence of CVDs to Boost Cardiovascular Monitoring and Diagnostic Devices Market
Cardiovascular diseases (CVDs) have emerged as a significant reason for millions of deaths reported worldwide. Cardiovascular diseases include a number of chronic ailments such as coronary artery diseases, pulmonary conditions, and peripheral artery diseases. The largely sedentary lifestyles of people across the globe are putting them at risk to conditions such as weakening of heart muscles, obesity, hypertension and diabetes. The rising prevalence of these conditions are triggering the need for technological advances in the diagnosis and monitoring of CVDs. This is a key factor responsible for driving the global cardiovascular diagnostic and monitoring devices market.
Some other trends influencing the global cardiovascular diagnostic and monitoring devices market are the emergence of medical tourism and greater awareness among end-users regarding health insurance, coupled with the steadily expanding geriatric population. The ongoing technological advances in medical devices, treatments and diagnostic modalities are revolutionizing the way CVDs are diagnosed and monitored. The recent shift in preference towards remote monitoring on account growing inclination towards home care of patient is further fuelling the demand for effective remote monitoring, propelling the cardiovascular monitoring and diagnostic devices market.
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Regionally, North America is a key market in the global cardiovascular monitoring and diagnostic devices market. The dominance of this region may be ascribed to the efficient reimbursement policies, healthcare infrastructure and facilities and high incidence of CVDs. Asia Pacific is another lucrative region on account of the high potential in emerging countries such as China and India.
Vendors operating in the global cardiovascular monitoring and diagnostic devices are expected to foray into developing economies in order to benefit from their untapped potential. The players must maintain a highly diverse product portfolio, in order to thrive in the competitive market. Some of the key market players operating in the global cardiovascular monitoring diagnostic devices market are Jude Medical, Inc., GE Healthcare, Boston Scientific Corporation, Philips Healthcare, and LivaNova PLC.
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