[FURL=https://www.industryarc.com/Report/16949/cardiovascular-monitoringdiagnostic-devices-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Cardiovascular Monitoring and Diagnostic Devices Market[/FURL] size is estimated to reach $3.7 billion by 2026, growing at a CAGR of 7.4% during the forecast period 2021-2026. Cardiovascular disease is the most common chronic disease and the World Health Organization has classified cardiovascular diseases as the number one cause of death in the world. The prevalence of cardiovascular disease is on the rise owing to a sedentary lifestyle, stress and unhealthy eating habits. Besides, the increase in the elderly population is adding to the group of patients with cardiovascular disease. Thus, there is a need to monitor and diagnose the disease at an early stage to avoid further complications, and this awareness between the patient and the doctor helps in adapting the advanced monitoring and diagnostic devices. The devices includes heart rate monitors, electrocardiograph systems, and others. The market is being driven by an increasing number of people suffering from obesity and diabetes. Risk factors including high blood pressure and high cholesterol are associated with obesity and diabetes leads to cardiovascular diseases, which is enhancing the market growth.Key Takeaways
Geographically, North America Cardiovascular Monitoring and Diagnostic Devices Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the high incidence of cardiovascular diseases coupled with the modern health care facilities in the region.
The strong prevalence of diseases related to the circulatory systems such as heart valve disease, heart failure, and arrhythmias across the globe is driving the growth of the market.
Lack of skilled medical personnel is one of the major factors that is said to reduce the growth of the Cardiovascular Monitoring and Diagnostic Devices Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Cardiovascular Monitoring and Diagnostic Devices Market report.
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Cardiovascular Monitoring and Diagnostic Devices Market Drivers
Increasing Prevalence of Behavior-Inflicted Circulatory System Diseases
Growing Technologies Advancements in Cardiovascular Monitoring and Diagnostic Devices
Cardiovascular Monitoring and Diagnostic Devices Market top 10 companies are BioTelemetry Inc., Biotronik Se & Co. KG, Boston Scientific Corporation, VitaConnect, Medtronic Plc., Nihon Kohden Corporation, Mortara Instrument Inc., Schiller AG, MedStar Health, Spacelabs Healthcare Inc., St. Jude Medical Inc., and Welch Allyn among others.
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