Cardiovascular Monitoring & Diagnostic Devices Market 2024-2033 - Size, Trends & Competitive Analysis

The Business Research Company recently released a comprehensive report on the Global Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The cardiovascular monitoring and diagnostic devices and equipment market size has grown rapidly in recent years. It will grow from $3.59 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. 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 $5.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. 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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Market Drivers and Trends:

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.

Major companies operating in the cardiovascular monitoring and diagnostic devices and equipment market are developing innovative products such as LUX-Dx II+ to better serve patients. The LUX-Dx II+ insertable cardiac monitor (ICM) system is a next-generation ICM system that provides physicians with a new option for diagnostic evaluation and long-term monitoring of people experiencing irregular heartbeats. For instance, in October 2023, Boston Scientific, a US-based manufacturing company launched LUX-Dx II+. The LUX-Dx II+ insertable cardiac monitor (ICM) system provides physicians with a new option for diagnostic evaluation and long-term monitoring of people experiencing irregular heartbeats. The system is designed with dual-stage algorithms, clear S-ECG signal quality, remote programming, wireless connectivity, a patient app, and a small size.

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Major Key Players of the Market:

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

Cardiovascular Monitoring And Diagnostic Devices And Equipment Market 2024 Key Insights:

• 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 $5.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
• Robust Healthcare Infrastructure Catalyzes Growth In The Cardiovascular Monitoring And Diagnostic Devices Market
• Boston Scientific Unveils Innovative Lux-Dx Ii+ Icm System For Enhanced Cardiovascular Monitoring And Diagnosis
• North America was the largest region in global cardiovascular monitoring and diagnostic devices and equipment market in 2023

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