(PharmaNewsWire.Com, September 11, 2017 ) According to the report Europe Cardiovascular Diagnostic and Monitoring Devices Market, published by Market Data Forecast the Market was worth USD 385.88 million in 2016 and estimated to be growing at a CAGR of 6.2%, to reach USD 521.28 million by 2021. 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. There are a large number of people being diagnosed with cardiovascular diseases such as periphery artery diseases, coronary artery diseases, congenital heart diseases, and pulmonary conditions shifting focus towards preventative healthcare.
Europe Cardiovascular monitoring devices market is driven by factors such as increasing risks associated with hypertension, heart muscle weakening; growing number of people suffering from lifestyle related diseases such as diabetes and obesity. Advancements in technology is also a major factor adding to the growth of the market. However unsteady reimbursement policies, strict government regulations for products approvals and high cost of the devices are some the major factors restraining the growth of the market
Europe market for cardiovascular diagnostic and monitoring devices is analysed on the basis of product which is further segmented into ECG systems, Holter Monitors, Event Monitors, Implantable loop recorders and ECG management systems. Electrocardiographs segment is further sub segmented into Resting ECG systems and Stress ECG systems. ECG systems accounted for the largest share in the market and expected to maintain its strong hold in the market during the forecast period due to widespread availability and increasing preference for these devices in this region.
On the basis of geography Europe market for cardiovascular monitoring devices market is segmented into various regions namely United Kingdom, France, Spain, Germany and Italy.
European Cardiovascular monitoring devices market is dominated by GE healthcare and Phillips healthcare accounting for a share of approximately 50%. Some of the other major players covered in the report are Siemens Healthcare, St. Jude Medical, Inc., Boston Scientific Corporation, Nihon Kohden Corporation, and Welch Allyn, Inc.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
