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Pulished Date August, 2019
ID: 193
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Cardiovascular Monitoring & Diagnostic Devices Market Analysis - By Product Type (ECG Systems (Resting ECG Systems & Stress ECG Systems), Event Monitors, Holter Monitors, Implantable Loop Recorders and ECG Management Systems) Region - Industry Size, Share, Trends, Growth, Forecast | 2019 – 2024

Pulished: August, 2019
ID: 193
Pages: 175

Cardiovascular Monitoring & Diagnostic Devices Market Size, Growth (2019 - 2024)

The size of the Global Cardiovascular Monitoring and Diagnostic Devices Market Value was worth USD 2245.9 million in 2019 and estimated to be growing at a CAGR of 7.18%, to reach USD 3176.7 million by 2024.

Cardiovascular disease is a medical condition which affects the structure and function of organs associated with the function of the 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.

Increasing risks related to hypertension, heart muscle weakening, increasing the number of people suffering from diabetes and obesity are the major factors driving the market. Technological advancements have enabled additional features such as portability in performing various tests which are further adding to the growth of the Cardiovascular Monitoring market.

However unclear reimbursement policies, strict government regulations for products and the high cost of monitoring devices are some of the major factors hindering the growth of the market.

With the newly innovative developments for the diagnosing and treating of cardiovascular diseases, the cardiac monitoring and diagnostic devices market is growing at a lucrative rate of growth. In addition, the demand for cardiac monitoring and diagnostic products is powered by increased awareness of a healthy lifestyle. Growing expenditure in the manufacturing of medical devices is also one of the compelling reasons for the expansion of the global market for diagnostic devices and cardiovascular monitoring.

At the very same time, the untapped demand is creating new opportunities for the cardiac monitoring and diagnostic devices market throughout the coming period together with the latest rising technological developments in cardiovascular care and diagnostics.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Product & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

GE Healthcare, Philips Healthcare, Siemens Healthcare, Boston Scientific Corporation, St. Jude Medical, Inc., Nihon Kohden Corporation,

Welch Allyn, Inc., Spacelabs Healthcare, LivaNova PLC and Hill-Rom Holdings, Inc.

 

This research report on the Global Cardiovascular Monitoring and Diagnostic Devices Market has been segmented and sub-segmented into the following categories and analyzed market size & forecast for each segment until 2024.

Cardiovascular Monitoring and Diagnostic Devices Market - By Product:

  • ECG Systems
    • Resting ECG Systems
    • Stress ECG Systems
  • Event Monitors
  • Holter Monitors
  • Implantable Loop Recorders
  • ECG Management Systems

On the basis of product type, ECG systems accounted for the largest share in the market and expected to maintain its stronghold in the market during the forecast period due to widespread availability and increasing preference for these devices in both developed and developing regions.

Cardiovascular Monitoring and Diagnostic Devices Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East and Africa

North America is the largest market for cardiovascular diagnostic and monitoring devices market and is expected to sustain its strong share owing to its favorable reimbursement policies and high awareness about available diagnosis and treatment methods among patients and physicians.

Asia-Pacific is estimated to be the fastest-growing region during the forecast period due to raising awareness about the effectiveness of accessible devices in successfully curing several cardiovascular conditions and increasing healthcare spending. 

In addition, developing and emerging economies like China and India are to provide lucrative opportunities for growth for the market players during the forecast period.

Recent Developments:

  • Abbott Laboratories (US) has a good share of the market for products for cardiac monitoring and heart rhythm control. The company spends heavily on R&D programs to improve its market position. In 2018, Abbott spent 7.5 percent of its overall income (USD 2.30 billion) in R&D activities, of which the Cardiovascular & Neuromodulation division invested USD 1 billion. Implementation of this project is progressing, although it may hamper the brand value of the goods sold in this market by the company.
  • SCHILLER China set up its department of sales and marketing in Guangzhou in 2018. The new site has taken the activities of the company closer to consumers in southern and eastern China.
  • In early 2019, ZOLL Medical signed a conclusive agreement to buy Cardiac Science Corporation (CSC) to reinforce its position in the automated external defibrillator section.
  • During the end of the last year, Rivacor VR-T, Rivacor DR-T, Rivacor HF-T QP, Actor DX, Actor CRT-DX Bipolar, and Acticor CRT-DX obtained FDA approval.

Top companies in the market

GE Healthcare and Phillips healthcare dominated the global 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
  • Welch Allyn, Inc.

1. Introduction                                                                                 

                1.1 Market Definition                                                                    

                1.2 Study Deliverables                                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                                          

                1.4 General Study Assumptions                                                                

2. Research Methodology                                                                                           

                2.1 Introduction                                                                               

                2.2 Research Phases                                                                      

                                2.2.1 Secondary Research                                                           

                                2.2.2 Primary Research                                                 

                                2.2.3 Econometric Modelling                                                      

                                2.2.4 Expert Validation                                                  

                2.3 Analysis Design                                                                         

                2.4 Study Timeline                                                                          

3. Overview                                                                                       

                3.1 Executive Summary                                                                

                3.2 Key Inferences                                                                         

                3.3 New Developments                                                                               

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                                                    

                4.1 Market Drivers                                                                          

                4.2 Market Restraints                                                                    

                4.3 Key Challenges                                                                         

                4.4 Current Opportunities in the Market                                                                              

5. Market Segmentation                                                                                              

                5.1 By Product Type                                                                       

                                5.1.1 ECG Systems                                                          

                                                5.1.1.1 Resting ECG Systems                                      

                                                5.1.1.2 Stress ECG Systems                                         

                                5.1.2 Event Monitors                                                     

                                5.1.3 Holter Monitors                                                    

                                5.1.4 Implantable Loop Recorders                                                           

                                5.1.5 ECG Management Systems                                                             

6. Geographical Analysis                                                                                              

                6.1 North America                                                                          

                                6.1.1 Introduction                                                           

                                6.1.2 United States                                                         

                                6.1.3 Canada                                                     

                6.2 Europe                                                                         

                                6.2.1 Introduction                                                           

                                6.2.2 U.K                                                             

                                6.2.3 Spain                                                         

                                6.2.4 Germany                                                 

                                6.2.5 Italy                                                            

                                6.2.6 France                                                       

                6.3 Asia-Pacific                                                                 

                                6.3.1 Introduction                                                           

                                6.3.2 China                                                         

                                6.3.3 India                                                          

                                6.3.4 Japan                                                         

                                6.3.5 South Korea                                                           

                6.4 Latin America                                                                             

                                6.4.1 Introduction                                                           

                                6.4.2 Brazil                                                          

                                6.4.3 Mexico                                                     

                                6.4.4 Rest of Latin America                                                          

                6.5 Middle East & Africa                                                                               

                                6.5.1 Introduction                                                           

                                6.5.2 Middle-East                                                            

                                6.5.3 Africa                                                         

7. Strategic Analysis                                                                                       

                7.1 PESTLE analysis                                                                         

                                7.1.1 Political                                                     

                                7.1.2 Economic                                                 

                                7.1.3 Social                                                         

                                7.1.4 Technological                                                         

                                7.1.5 Legal                                                          

                                7.1.6 Environmental                                                       

                7.2 Porter’s Five analysis                                                                              

                                7.2.1 Bargaining Power of Suppliers                                                        

                                7.2.2 Bargaining Power of Consumers                                                    

                                7.2.3 Threat of New Entrants                                                     

                                7.2.4 Threat of Substitute Products and Services                                                              

                                7.2.5 Competitive Rivalry within the Industry                                                     

8. Market Leaders' Analysis                                                                                        

                8.1 GE Healthcare                                                           

                                8.1.1 Overview                                                 

                                8.1.2 Product Analysis                                                   

                                8.1.3 Strategic Evaluation and Operations                                                            

                                8.1.4 Financial analysis                                                  

                                8.1.5 Legal issues                                                             

                                8.1.6 Recent Developments                                                       

                                8.1.7 SWOT analysis                                                       

                                8.1.8 Analyst View                                                          

                8.2 Philips Healthcare                                                    

                8.3 Siemens Healthcare                                                

                8.4 Boston Scientific Corporation                                                             

                8.5 St. Jude Medical, Inc                                                               

                8.6 Nihon Kohden Corporation                                                 

                8.7 Welch Allyn, Inc.                                                       

                8.8 Spacelabs Healthcare                                                             

                8.9 LivaNova PLC                                                             

                8.10 Hill-Rom Holdings, Inc.                                                         

9. Competitive Landscape                                                                                           

                9.1 Market share analysis                                                                            

                9.2 Merger and Acquisition Analysis                                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                                         

                9.4 New Product Launches                                                                         

10. Expert Opinions                                                                                        

                10.1 Market Outlook                                                                     

                10.2 Investment Opportunities                                                                 

Appendix                                                                                           

                a) List of Tables                                                                

                b) List of Figures                                                                              

  • Global, regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • A segment-level analysis in terms of by Product along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Cardiovascular Monitoring and Diagnostic Devices Market By Region, From 2019-2024 (USD Million)
  2. Global Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  3. Global ECG Systems Market By Region, From 2019-2024 (USD Million)
  4. Global Event Monitors Market By Region, From 2019-2024 (USD Million)
  5. Global Holter Monitors Market By Region, From 2019-2024 (USD Million)
  6. Global Implantable Loop Recorders Market By Region, From 2019-2024 (USD Million)
  7. Global ECG Management Systems Market By Region, From 2019-2024 (USD Million)
  8. North America Cardiovascular Monitoring and Diagnostic Devices Market By Region, From 2019-2024 (USD Million)
  9. North America Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  10. North America ECG Systems Market By Region, From 2019-2024 (USD Million)
  11. North America Event Monitors Market By Region, From 2019-2024 (USD Million)
  12. North America Holter Monitors Market By Region, From 2019-2024 (USD Million)
  13. North America Implantable Loop Recorders Market By Region, From 2019-2024 (USD Million)
  14. North America ECG Management Systems Market By Region, From 2019-2024 (USD Million)
  15. United States Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  16. Canada Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  17. Europe Cardiovascular Monitoring and Diagnostic Devices Market By Region, From 2019-2024 (USD Million)
  18. Europe Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  19. Europe ECG Systems Market By Region, From 2019-2024 (USD Million)
  20. Europe Event Monitors Market By Region, From 2019-2024 (USD Million)
  21. Europe Holter Monitors Market By Region, From 2019-2024 (USD Million)
  22. Europe Implantable Loop Recorders Market By Region, From 2019-2024 (USD Million)
  23. Europe ECG Management Systems Market By Region, From 2019-2024 (USD Million)
  24. U.K. Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  25. Germany Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  26. France Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  27. Italy Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  28. Spain Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  29. Asia-Pacific Cardiovascular Monitoring and Diagnostic Devices Market By Region, From 2019-2024 (USD Million)
  30. Asia-Pacific Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  31. Asia-Pacific ECG Systems Market By Region, From 2019-2024 (USD Million)
  32. Asia-Pacific Event Monitors Market By Region, From 2019-2024 (USD Million)
  33. Asia-Pacific Holter Monitors Market By Region, From 2019-2024 (USD Million)
  34. Asia-Pacific Implantable Loop Recorders Market By Region, From 2019-2024 (USD Million)
  35. Asia-Pacific ECG Management Systems Market By Region, From 2019-2024 (USD Million)
  36. China Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  37. India Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  38. Japan Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  39. South Korea Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  40. Latin America Cardiovascular Monitoring and Diagnostic Devices Market By Region, From 2019-2024 (USD Million)
  41. Latin America Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  42. Latin America ECG Systems Market By Region, From 2019-2024 (USD Million)
  43. Latin America Event Monitors Market By Region, From 2019-2024 (USD Million)
  44. Latin America Holter Monitors Market By Region, From 2019-2024 (USD Million)
  45. Latin America Implantable Loop Recorders Market By Region, From 2019-2024 (USD Million)
  46. Latin America ECG Management Systems Market By Region, From 2019-2024 (USD Million)
  47. Brazil Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  48. Mexico Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  49. Argentina Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  50. Middle East & Africa Cardiovascular Monitoring and Diagnostic Devices Market By Region, From 2019-2024 (USD Million)
  51. Middle East & Africa Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  52. Middle East & Africa ECG Systems Market By Region, From 2019-2024 (USD Million)
  53. Middle East & Africa Event Monitors Market By Region, From 2019-2024 (USD Million)
  54. Middle East & Africa Holter Monitors Market By Region, From 2019-2024 (USD Million)
  55. Middle East & Africa Implantable Loop Recorders Market By Region, From 2019-2024 (USD Million)
  56. Middle East & Africa ECG Management Systems Market By Region, From 2019-2024 (USD Million)
  57. Middle East Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)
  58. Africa Cardiovascular Monitoring and Diagnostic Devices Market By Product Type, From 2019-2024 (USD Million)

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