Cardiac Monitoring and Diagnostic Devices Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: October 30, 2020 |

The global cardiac monitoring and diagnostic devices market has been projected to grow at a CAGR of 8.46% market during 2020-2027. The cardiac monitoring and diagnostic devices market is anticipated to undergo satisfactory and gradual growth during the forecast period. The significant prevalence of cardiovascular diseases, the technological evolution of cardiac monitoring devices, ease in terms of portability of these devices significantly favor the growth of this market. On the other hand, limits on reimbursement and lack of skilled professionals for operating advanced devices may restrain the overall growth of the cardiac monitoring and diagnostic devices market.

Market Insights:

The growth of the cardiac monitoring and diagnostic devices market is majorly driven by the rising incidence of cardiovascular diseases, growing preference for home care instruments, and private institutional nursing. Lack of appropriate healthcare personnel with specific skills in cardiac monitoring and electrocardiography and lesser reimbursement to cardiac monitoring are some major factors that may hold back the growth of this market. At present ECG systems hold the largest revenue share in the overall cardiac monitoring and diagnostic systems market. Wide use and availability of these devices in both hospital and outpatient settings majorly contribute to the dominance of this segment. Additionally, implantable loop recorders are anticipated to witness the fastest market growth during the forecast period. Rising awareness about these devices in efficient disease diagnosis, particularly at the failure of conventional diagnostic devices greatly contributes to the progress of this device segment.

Market Segment Insights:

For the purpose of this study, the global cardiac monitoring and diagnostic devices market is categorized into device types such as electrocardiogram (ECG) systems (resting ECG systems and stress ECG systems), holter monitors, event monitors, implantable loop recorders, ECG management systems, cardiovascular diagnostic catheters, magnetic resonance imaging (MRI), cardiac CTs, cardiac PET scans, doppler fetal monitors, myocardial perfusion scans, nuclear imaging, and intravascular ultrasound. Currently, ECG monitors hold the largest revenue share in the global market. The dominance of this segment is majorly attributed to wide reach and availability of ECG systems across all healthcare facilities and lesser cost.

Global Cardiac Monitoring and Diagnostic Devices Market Segmentation:

By Product, 2018–2027 ($ Million)

  • Electrocardiogram (ECG) Systems
    • Resting ECG Systems
    • Stress ECG Systems
  • Holter Monitors
  • Event Monitors
  • Implantable Loop Recorders
  • ECG management Systems
  • Cardiovascular Diagnostic Catheters
  • Magnetic Resonance Imaging (MRI)
  • Cardiac CTs
  • Cardiac PET Scans
  • Doppler Fetal Monitors
  • Myocardial Perfusion Scans
  • Nuclear Imaging
  • Intravascular Ultrasound

By Geography, 2018-2027 ($ Million)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

Geographically, the global cardiac monitoring and diagnostic devices market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, North America currently dominates the global cardiac monitoring and diagnostic devices market, with the United States being the largest country-level market. On the other hand, Asia Pacific is observed to be the fastest progressing regional market for cardiac monitoring and diagnostic devices. The growth of this region is chiefly attributed to the rapid development of healthcare infrastructure and the growing prevalence of cardiovascular diseases and related awareness.

Market Competition Assessment:

The major players currently operating in the global cardiac monitoring and diagnostic devices market include Abbott Vascular, Inc., BioMérieux, Boston Scientific, Cook Medical, Cordis Corporation, Danaher Corporation, GE Healthcare, Hitachi Medical Systems America, Inc., and Johnson & Johnson.

List of Key Companies:

  • Abbott Vascular Inc.
  • Cordis Corporation
  • Volcano Corporation
  • OSCOR, Inc.
  • Boston Scientific
  • Cook Medical
  • Medtronic
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Terumo Medical Corporation
  • Hitachi Medical Systems America, Inc.
  • BioMérieux
  • Johnson & Johnson
  • Danaher Corporation
  • Siemens Healthcare

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Key Questions Answered by Cardiac Monitoring and Diagnostic Devices Market Report

  • Global cardiac monitoring and diagnostic devices market forecasts from 2020-2027
  • Regional cardiac monitoring and diagnostic devices market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
  • Cardiac Monitoring and Diagnostic Devices submarket forecasts from 2020-2027 covering the market by product, and geography
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to cardiac monitoring and diagnostic devices market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level cardiac monitoring and diagnostic devices markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the cardiac monitoring and diagnostic devices market

(Reports will be updated due to COVID-19 impacts on the market)

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Table of Content:


Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Global Cardiac Monitoring and Diagnostic Devices Market Portraiture
2.2 Global Cardiac Monitoring and Diagnostic Devices Market Share, by Product type, 2019 ($ Million)
2.3 Global Cardiac Monitoring and Diagnostic Devices Market, by Geography, 2019 (Value %)
Chapter 3 Global Cardiac Monitoring and Diagnostic Devices Market Analysis
3.1 Global Cardiac Monitoring and Diagnostic Devices Market Overview
3.2 Market Inclination Insights
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.2 Challenges
3.3.3 Opportunities
3.4 Attractive Investment Proposition, 2019
3.5 Market Positioning of Key Players in Cardiac Monitoring and Diagnostic Devices Market
Chapter 4 Global Cardiac Monitoring and Diagnostic Devices Market Analysis, by Product Type, 2018-2027 ($ Million)
4.1 Introduction
4.2 Electrocardiogram (ECG) Systems
4.2.1 Resting ECG Systems
4.2.2 Stress ECG Systems
4.3 Holter Monitors
4.4 Event Monitors
4.5 Implantable Loop Recorders
4.6 ECG management Systems
4.7 Cardiovascular Diagnostic Catheters
4.8 Magnetic Resonance Imaging (MRI)
4.9 Cardiac CTs
4.10 Cardiac PET Scans
4.11 Doppler Fetal Monitors
4.12 Myocardial Perfusion Scans
4.13 Nuclear Imaging
4.14 Intravascular Ultrasound
Chapter 5 Global Cardiac Monitoring and Diagnostic Devices Market, by Geography, 2018-2027 ($ Million)
5.1 Preface
5.2 North America (U.S. & Canada)
5.3 Europe (U.K., Germany & Rest of Europe)
5.4 Asia Pacific (China, Japan, and Rest of APAC)
5.5 Latin America (Brazil, Mexico and Rest of LATAM)
5.6 Middle East and Africa (UAE, Saudi Arabia, South Africa and Rest of MEA)
Chapter 6 Company Profiles
6.1 Abbott Vascular Inc.
6.2 Cordis Corporation
6.3 Volcano Corporation
6.4 OSCOR, Inc.
6.5 Boston Scientific
6.6 Cook Medical
6.7 Medtronic
6.8 GE Healthcare
6.9 Koninklijke Philips N.V.
6.10 Terumo Medical Corporation
6.11 Hitachi Medical Systems America, Inc.
6.12 BioMérieux
6.13 Johnson & Johnson
6.14 Danaher Corporation
6.15 Siemens Healthcare
6.16 Other Major Players
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