Cardiovascular Monitoring and Diagnostic Devices Market | Growth, Trends and For

Posted by miky santhosh on September 4th, 2018

Market Overview:

In the year 2018 Global Cardiovascular Monitoring and Diagnostic Devices Market was valued at USD 2096.77 million. By the year 2023, it is predicted to reach USD 2956.26 million with pace of 7.11% CAGR. Cardiovascular disease is a combined term for blood vessels and heart diseases including stroke, cardiomyopathy coronary heart disease, peripheral vascular disease, heart failure and congenital heart disease. Cardiovascular devices are used to measure the cardiac pressure and helps in diagnosis & treatment for cardiovascular diseases. A cardiovascular monitoring device helps to monitor blood temperature, electrocardiogram, noninvasive blood pressure, arterial blood oxygen saturation, intravascular pressures, and cardiac output.

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Factors affecting market growth:

• Rising prevalence of cardiovascular diseases due to high consumption of smoking and alcohol. (+)
• Growing geriatric & obese population. (+)
• Advancement of technology in treatment and diagnosis for cardiovascular diseases. (+)
• Increasing demand for cardiac surgeries. (+)
• Increasing adoption of home healthcare and remote patient monitoring. (+)
• High cost of cardiovascular devices. (-)
• Lack of reimbursement policies in developing countries. (-)

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