(PharmaNewsWire.Com, December 22, 2017 ) Cardio Vascular Diseases or CVD is the world’s leading cause of death in men and women and these deaths are because of heart failure, peripheral vascular disease, cardiomyopathy, congenital heart disease, coronary heart disease and stroke. Cardiovascular monitoring devices aid in identifying electrical and pressure waveforms of the cardiovascular system for the treatment and measurement of cardiovascular diseases. These days, new emerging non-invasive cardiovascular monitoring technologies are contributing significantly in the treatment therapies for cardiovascular diseases. This long-term non-invasive cardiovascular monitoring has vital prognostic applications and provides accurate information for cardiovascular treatment and diagnosis. Cardiovascular diagnosis tests include cardiac catheterization, electrocardiogram, cardiac computerized tomography (CT) scan, blood tests, cardiac magnetic resonance imaging (MRI), and echocardiogram.
North America Cardiovascular Monitoring and Diagnostic Devices Market: Drivers & Restraints
The cardiovascular monitoring and diagnostic devices market is primarily driven by growing prevalence of cardiovascular diseases. Unhealthy lifestyle and rising consumption of smoking & alcohol are majorly responsible for cardiovascular diseases. Augmenting geriatric & obese population is the key driver for the growth of cardiovascular monitoring and diagnostic devices market. Additionally, cardiovascular monitoring and diagnostic devices market is growing at significant growth rate because of new emerging technologies for the treatment and diagnosis of cardiovascular diseases. Furthermore, the market for cardiovascular monitoring and diagnostic devices is accelerated by growing awareness towards a healthy life and by rising investment in medical device manufacturing by the manufacturer.
But still, the high cost of treatment and uncertainty in reimbursement may hinder the market growth of cardiovascular monitoring and diagnostic devices market.
North America Cardiovascular Monitoring and Diagnostic Devices Market: Segmentation
By Product Type
• ECG Systems
o Resting ECG Systems
o Stress ECG Systems
• Event Monitors
• Holter Monitors
• Implantable Loop Recorders
• ECG Management Systems
North America Cardiovascular Monitoring and Diagnostic Devices Market: Overview
ECG systems commanded the largest share in the market and is anticipated to maintain its strong hold in the market during the aforementioned forecast period owing to the widespread availability and rising preference for these devices in both developed and developing regions.
North America Cardiovascular Monitoring and Diagnostic Devices Market: Region-wise Outlook
By geography, the North America market is segregated into US and Canada. North America is the largest market for cardiovascular diagnostic and monitoring devices market and is projected to sustain its strong share due to its favourable reimbursement policies and high awareness regarding available diagnosis and treatment methods among patients and physicians. Within North America US is the largest market for cardiovascular diagnostic and monitoring devices and is anticipated to sustain its strong share owing to its high awareness regarding available diagnosis and treatment methods among patients and physicians.
Key Questions Answered
• What is the current and future Cardiovascular Monitoring and Diagnostic Devices market outlook in North America? What trends are affecting the North America market?
• What is the competitive landscape and market share of major players in the Cardiovascular Monitoring and Diagnostic Devices space in North America?
• What are the key, high growth markets that Cardiovascular Monitoring and Diagnostic Devices manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the Cardiovascular Monitoring and Diagnostic Devices currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of Cardiovascular Monitoring and Diagnostic Devices?
• What are the challenges and barriers that have hindered widespread adoption of Cardiovascular Monitoring and Diagnostic Devices?
North America Cardiovascular Monitoring and Diagnostic Devices Market: Key Players
GE healthcare and Phillips healthcare dominated the North America 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.
Reasons to buy Cardiovascular Monitoring and Diagnostic Devices Market Report:
• North America, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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