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North America Cardiovascular Monitoring & Diagnostic Devices Market Research Report – Segmented By Product & Country (The United States, Canada and Rest of North America) - Industry Analysis, Size, Share, Trends & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 194
Pages: 145

North American Cardiovascular Monitoring & Diagnostic Devices Market Size (2022 to 2027)

The Cardiovascular Diagnostic and Monitoring Devices Market in North America was worth USD 878.11 million in 2022 and estimated to be growing at a CAGR of 6.53% to reach USD 1204.78 million by 2027.

Cardiovascular disease is a medical condition that affects the structure and function of organs associated with the heart's function and its circulation.

Cardio Vascular diseases are the primary cause of death and witnessing a high rise in prevalence. A large number of people are being diagnosed with cardiovascular diseases such as periphery artery diseases, coronary artery diseases, congenital heart diseases, and pulmonary conditions, shifting focus towards preventative healthcare.

North America's market for cardiovascular devices is majorly driven by an increasing number of people suffering from diabetes and obesity and growing risks related to hypertension and heart muscle weakening. Advancements in Technology have enabled portability features such as portability in performing various tests and adding to the growth of the Cardiovascular Monitoring market. However, unclear reimbursement policies, stringent government regulations for product approvals, and the high cost of devices are major factors restraining market growth.

This research report on the North American Cardiovascular Monitoring & Diagnostic Devices Market has been segmented and sub-segmented into the following categories:

By Product:

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

Based on product type, ECG systems hold the largest share in the market. They are expected to maintain it’s strong in the market during the forecast period due to widespread availability and increasing preference for diagnostic devices in developed and developing regions.

By Country: 

  • The United States
  • Canada
  • Rest of North America

Based on geography, Within North America, the United States is the largest market for cardiovascular diagnostic and monitoring devices. It is expected to sustain its strong share due to its high awareness about available diagnosis and treatment methods among patients and physicians.

Key participants in the North American Cardiovascular Monitoring & Diagnostic Devices Market profiled in the report are GE Healthcare and Phillips Healthcare, Siemens Healthcare, Boston Scientific Corporation, St. Jude Medical, Inc., Nihon Kohden Corporation, and 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 Introduction                                                               

                                6.2 United States                                                            

                                6.3 Canada                                                         

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                                                                              

  1. North America Cardiovascular Monitoring and Diagnostic Devices Market, By Region, From 2022 - 2027 (USD Million)
  2. North America Cardiovascular Monitoring and Diagnostic Devices Market, By Product Type, From 2022 - 2027 (USD Million)
  3. North America ECG Systems Market, By Region, From 2022 - 2027 (USD Million)
  4. North America Event Monitors Market, By Region, From 2022 - 2027 (USD Million)
  5. North America Holter Monitors Market, By Region, From 2022 - 2027 (USD Million)
  6. North America Implantable Loop Recorders Market, By Region, From 2022 - 2027 (USD Million)
  7. North America ECG Management Systems Market, By Region, From 2022 - 2027 (USD Million)
  8. United States Cardiovascular Monitoring and Diagnostic Devices Market, By Product Type, From 2022 - 2027 (USD Million)
  9. Canada Cardiovascular Monitoring and Diagnostic Devices Market, By Product Type, From 2022 - 2027 (USD Million)

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