Cardiovascular diseases is one of the major cause of mortality globally, it includes coronary heart diseases, stroke, heart failure, peripheral vascular disease, congenital heart disease etc.. The people suffering from cardiovascular disease or with high risk of cardiovascular risk require early monitoring and diagnosis for the management and treatment of diseases. With advancement in technology non-invasive cardiac monitoring and diagnostic play important role in management and treatment of cardiovascular diseases. This monitoring and diagnostic device help in early diagnosis and provide precise and accurate information for treatment. Cardiac monitoring and diagnosticsmarket is anticipated to grow during the forecast period, due to early adoption of new diagnostic technology and government initiative and awareness program to reduce the prevalence of CVD.

The report titled “Global Cardiac Monitoring and Diagnostic Market- Growth, Share, Opportunities and Competitive Analysis, 2016–2024” offers strategic insights into the overall cardiac monitoring and diagnostic market along with the market size and estimates for the duration 2016 to 2024. The said research study covers in-depth analysis of multiple market segments based on type of productand different geographical region.The product type segment studied for analyzing the overall Cardiac Monitoring and Diagnostic market is majorly segmented into Electrocardiogram (ECG) Systems, Holter Monitor, Event Monitor, ECG management System, Cardiovascular Diagnostic Catheters, Magnetic Resonance Imaging (MRI), Cardiac CT, Cardiac PET Scan, Doppler Fetal Monitor, Myocardial Perfusion Scans, Nuclear Imaging and Intravascular Ultrasound.

Market size and forecast for these regional and country level markets are presented in this study for the period 2013-2024. Market growth rates for the forecast period 2016-2024 are also included in this report, considering 2015 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global cardiac monitoring and diagnostic market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global cardiac monitoring and diagnostic market. This report concludes with company profiles section that highlights major information about the key players engaged in Global Cardiac Monitoring and Diagnosticmarket. In-depth competitive environment analysis and historical years (2013 & 2014) market size data are also provided in the report.

Thus, the research study provides a holistic view of the Global Cardiac Monitoring and Diagnostic market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

Based on the type of product, the Global Cardiac Monitoring and Diagnostic Market is segmented as follows:

• Electrocardiogram (ECG) Systems
  • Resting ECG Systems
  • Stress ECG Systems
• Holter Monitor
• Event Monitor
• Implantable Loop Recorder
• ECG management System
• Cardiovascular Diagnostic Catheters
• Magnetic Resonance Imaging (MRI)
• Cardiac CT
• Cardiac PET Scan
• Doppler Fetal Monitor
• Myocardial Perfusion Scans
• Nuclear Imaging
• Intravascular Ultrasound

ECG system occupies major share in the global cardiac monitoring and diagnostic market. ECG systems is further divided into Resting ECG Systems and Stress Systems. Resting ECG is standard ECG which monitors the electrical activity of the heart when the patient is at rest. Stress ECG is monitored during the exercise or any stress activity. The ECG system are commonly used due to its convenient usage and cost affordability. The ECG system is widely used in developed and developing countries. Holter monitors and event monitors has immense growth potential. Holter monitors are used as first line of defense by physician when patient shows symptoms of cardiac irregularity. This monitoring system is non-invasive, safe, effective and low cost which act driving factor for the market.  Next line of defense available is compact and portable design cardiac event monitor. It is used in patient with infrequent symptoms, it has auto-capture feature where it records the activity when patient is unaware and with wireless technology transmit data to cellular network and share with hospitals or cardiologist. These enhanced feature increase the adoption rate of the device and help in penetrating into home healthcare and point of care use. Implantable loops is anticipated to witness fast growth in forecast period. It used to monitor the patient who experience symptoms such as seizure, dizziness, syncope, recurrent palpitations. This device is used to diagnose and monitor the patient where symptoms are not captured in 24hrs or 30 days monitoring period, giving ample opportunity to physician to capture the any abnormal activity. The rising awareness of the new monitoring and diagnosed technology has increased the adoption rate of the device, and is preferred over the conventional diagnostic are factor attributing to its growth in the market.

The global cardiac monitoring and diagnostic market is bifurcated into four regions: North America, Europe, Asia-Pacific, Latin America and Middle East. The global cardiac monitoring and diagnostic market is dominated by the North America region occupying the major market share. The factors governing major regional contribution of North America is higher adoption rate for novel and advanced available treatment options, increasing patient population and favorable reimbursement policy. Further regulatory frame work and government policies are well defined and favorable for the growth of the medical device market. The next followed up market is Europe, attributed factors to its growth are prevalence of the cardiovascular diseases due to change in lifestyle; and advancement of technology in cardiac diagnostic device for better treatment option. Asia- Pacific is anticipated to be the next fastest growing market. In Asia-Pacific, Japan leads the market followed by the emerging economies China and Japan. Emerging economies contributes to largest pool of geriatric population, besides sedentary lifestyle and unhealthy food habits, obesity has led to prevalence of Coronary diseases which act as the driving factor for the cardiac diagnostic device. The medical tourism and use of latest technology to treat the patient at effective cost, is attracting the patient world over to developing economies, augmenting the growth of cardiac monitoring and diagnostic market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cardiac Monitoring And Diagnostic market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Cardiac Monitoring And Diagnostic market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Cardiac Monitoring And Diagnostic market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Cardiac Monitoring And Diagnostic market?
• Which is the largest regional market for Cardiac Monitoring And Diagnostic market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Cardiac Monitoring And Diagnostic market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Cardiac Monitoring And Diagnostic market worldwide?