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Cardiovascular Monitoring and Diagnostic Devices - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017

The global Cardiovascular Monitoring and Diagnostic (CMD) devices market is forecast to reach $1.2 billion by 2017, growing at a Compound Annual Growth Rate (CAGR) of 5% during 2010-2017. This market includes Electrocardiograph (ECG) monitoring equipment, Holter monitoring systems, ECG stress testing systems, event monitoring systems, ECG data monitoring systems, cardiopulmonary stress testing systems, cardiovascular monitoring and diagnostic devices. ECG monitoring equipment was the largest segment, growing at 4% over the period 2010-2017 and valued at $410.5m in 2010.

 

The growth in this market will be spurred on by an increase in the population of patients with cardiovascular disorders such as cardiac arrhythmias, Congestive Heart Failure (CHF) and myocardial ischemia, and the widespread use of ECG monitoring equipment as a basic diagnostic tool to measure abnormal heart events. ECG monitoring equipment, equipped with advanced technology and coupled with exceptional communication capabilities, is expected to be a key driver for the growth of the CMD devices market. Furthermore, the CMD devices market offers steady growth opportunities due to increasing healthcare delivery at private physician offices.

 

The US was the biggest market for CMD devices in 2010, contributing 44% to the global CMD devices market. The US CMD devices market was valued at $385.6m in 2010, and is expected to grow at a CAGR of 4% to reach $514.7m in 2017. Ageing population and growing prevalence of cardiovascular diseases are expected to play a major role in the growth of the market. The market is also expected to receive a boost from the recent healthcare reforms that have proposed insurance coverage for nearly 40 million previously uninsured people. However, low reimbursement levels, rising pressure on the

healthcare infrastructure and impending healthcare reforms will shift the focus towards cost effective solutions. Along with this, continuing focus on price to gain a competitive advantage will further dampen the prospects for market growth.

 

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The CMD devices market is particularly characterized by the emergence of various novel technologies, with Mobile Cardiac Outpatient Telemetry (MCOT) and wireless ECG monitoring systems expected to drive future growth of the market. The need to observe arrhythmia patients for an extended period of time, while ensuring accuracy and increasing compliance, has led to the development of homebound outpatient telemetry services for patients suffering from post Coronary Artery Bypass Surgery (CABG).

GlobalData's new report, "Cardiovascular Monitoring and Diagnostic Devices - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017" provides key data, information and analysis on the global cardiovascular monitoring and diagnostic devices market. The report provides market landscape, competitive landscape and market trends information on the cardiovascular monitoring and diagnostic devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.

 

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts

 

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