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

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

The Cardiovascular Monitoring and Diagnostic Devices Market is Forecast to
Exceed $1.2 billion by 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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http://www.globaldata.com/reportstore/Report.aspx?ID=Cardiovascular-Monitoring-and-
Diagnostic-Devices-Global-Pipeline-Analysis-Competitive-Landscape-and-Market-
Forecasts-to-2017&Title=Medical_Devices&ReportType=Industry_Report

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