Cardio Vascular Diseases or CVD is the world’s leading cause of death in men and women and these deaths are because of heart failure, peripheral vascular disease, cardiomyopathy, congenital heart disease, coronary heart disease and stroke.
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According to the report Cardiovascular Monitoring and Diagnostic Devices Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 460.18 million by 2021, at a CAGR of 7.5% from 2016 to 2021.Cardiovascular monitoring devices aid in identifying electrical and pressure waveforms of the cardiovascular system for the treatment and measurement of cardiovascular diseases. These days, new emerging non-invasive cardiovascular monitoring technologies are contributing significantly in the treatment therapies for cardiovascular diseases.
This long-term non-invasive cardiovascular monitoring has vital prognostic applications and provides accurate information for cardiovascular treatment and diagnosis. Cardiovascular diagnosis tests include cardiac catheterization, electrocardiogram, cardiac computerized tomography (CT) scan, blood tests, cardiac magnetic resonance imaging (MRI), and echocardiogram.
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Asia Pacific Cardiovascular Monitoring and Diagnostic Devices Market: Drivers & Restraints
The cardiovascular monitoring and diagnostic devices market is primarily driven by growing prevalence of cardiovascular diseases. Unhealthy lifestyle and rising consumption of smoking & alcohol are majorly responsible for cardiovascular diseases.
Augmenting geriatric & obese population is the key driver for the growth of cardiovascular monitoring and diagnostic devices market. Additionally, cardiovascular monitoring and diagnostic devices market is growing at significant growth rate because of new emerging technologies for the treatment and diagnosis of cardiovascular diseases.
Furthermore, the market for cardiovascular monitoring and diagnostic devices is accelerated by growing awareness towards a healthy life and by rising investment in medical device manufacturing by the manufacturer.
But still, the high cost of treatment and uncertainty in reimbursement may hinder the market growth of cardiovascular monitoring and diagnostic devices market.
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Asia Pacific Cardiovascular Monitoring and Diagnostic Devices Market: Segmentation
By Product Type
- ECG Systems
o Resting ECG Systems
o Stress ECG Systems
- Event Monitors
- Holter Monitors
- Implantable Loop Recorders
- ECG Management Systems
Asia Pacific Cardiovascular Monitoring and Diagnostic Devices Market: Overview
ECG systems commanded the largest share in the market and is anticipated to maintain its strong hold in the market during the aforementioned forecast period owing to the widespread availability and rising preference for these devices in both developed and developing regions.
Asia Pacific Cardiovascular Monitoring and Diagnostic Devices Market: Region-wise Outlook
By geography, the Asia Pacific market is segregated into China, Korea, Japan, India and others. Asia-Pacific is projected to be the fastest growing region owing to growing awareness about the effectiveness of accessible devices in successfully curing several cardio vascular conditions and rising healthcare spending.
Key Questions Answered
- What is the current and future Cardiovascular Monitoring and Diagnostic Devices market outlook in Asia Pacific? What trends are affecting the Asia Pacific market?
- What is the competitive landscape and market share of major players in the Cardiovascular Monitoring and Diagnostic Devices space in Asia Pacific?
- What are the key, high growth markets that Cardiovascular Monitoring and Diagnostic Devices manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Cardiovascular Monitoring and Diagnostic Devices currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Cardiovascular Monitoring and Diagnostic Devices?
- What are the challenges and barriers that have hindered widespread adoption of Cardiovascular Monitoring and Diagnostic Devices?
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