How much is the cardiovascular monitoring and diagnostic devices and equipment market worth, and how is it expected to expand?
The cardiovascular monitoring and diagnostic devices and equipment market size has grown strongly in recent years. It will grow from $4.21 billion in 2024 to $4.56 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, preventive healthcare, telemedicine integration.
The cardiovascular monitoring and diagnostic devices and equipment market size is expected to see steady growth in the next few years. It will grow to $5.37 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to personalized medicine, digital health, chronic disease management, remote patient monitoring. Major trends in the forecast period include wearable and mobile monitoring, ai-enhanced diagnostics, point-of-care testing, remote cardiac rehabilitation.
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Which industry factors have accelerated the cardiovascular monitoring and diagnostic devices and equipment market’s expansion?
Enhanced healthcare infrastructure is expected to propel the growth of the cardiovascular monitoring and diagnostic devices and equipment market going forward. Healthcare infrastructure refers to the physical facilities, individuals, buildings, and systems required to deliver healthcare services to meet the health needs of target populations. Healthcare infrastructure is essential for the development, implementation, and effective use of cardiovascular monitoring and diagnostic devices and equipment. It provides the necessary facilities, equipment, personnel, and policies to ensure access to safe, effective, and high-quality medical devices that prevent, diagnose, and treat cardiovascular diseases. For instance, according to the National Health Expenditure Account (NHEA), published by the Centers for Medicare and Medicaid Services, a US-based federal agency, U.S. healthcare spending grew 2.7% in 2021, reaching $4.3 trillion or $12,914 per person. As a share of the nation’s Gross Domestic Product, health spending accounted for 18.3%. Thus, enhanced healthcare infrastructure is driving the growth of the cardiovascular monitoring and diagnostic devices and equipment market.
What are the primary segments of the cardiovascular monitoring and diagnostic devices and equipment market?
The cardiovascular monitoring and diagnostic devices and equipment market covered in this report is segmented –
1) By Product Type: Cardiopulmonary Stress Testing Systems, ECG Data Management Systems, ECG Monitoring Equipment, ECG Stress Testing Systems, Event Monitoring Systems, Holter Monitoring Systems
2) By Type: Heart Disease, Coronary Heart Disease
3) By End-Use: Hospitals Or Physician Clinic (Continuous Glucose Monitors), Home Or Emergency, Research and Development (Clinical Trials, Universities, CRO)
Subsegments:
1) By Cardiopulmonary Stress Testing Systems: Treadmill Stress Testing Systems, Ergometer Stress Testing Systems, Respiratory Gas Exchange Systems, Other Cardiopulmonary Stress Testing Systems
2) By ECG Data Management Systems: Cloud-Based ECG Data Management Systems, On-Premise ECG Data Management Systems, ECG Software For Data Analysis, Other ECG Data Management Systems
3) By ECG Monitoring Equipment: Continuous ECG Monitors, Wireless ECG Monitors, Handheld ECG Monitors, Other ECG Monitoring Equipment
4) By ECG Stress Testing Systems: Treadmill ECG Stress Testing Systems, Cycle Ergometer ECG Stress Testing Systems, Automated ECG Stress Testing Systems, Other ECG Stress Testing Systems
5) By Event Monitoring Systems: Mobile Event Monitors, Wireless Event Monitors, Holter Or Event Monitor Hybrid Systems, Other Event Monitoring Systems
6) By Holter Monitoring Systems: 24-Hour Holter Monitors, 48-Hour Holter Monitors, 7-Day Holter Monitors, Other Holter Monitoring Systems
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Which firms are leading the cardiovascular monitoring and diagnostic devices and equipment market?
Major companies operating in the cardiovascular monitoring and diagnostic devices and equipment market include Medtronic PLC, Boston Scientific Corporation, GE Healthcare, Johnson & Johnson, Philips Healthcare, Siemens Healthcare, St. Jude MedicalInc, Nihon Kohden Corporation, Fukuda Denshi Co. Ltd., Sorin Group, Welch Allyn Inc., LivaNova PLC, Spacelabs Healthcare, Opto Circuits India Ltd., BPL Health Management Solutions, OSI Systems Inc., Hill-Rom Holdings Inc., Schiller AG, Abbott Cardiovascular, Accellent Inc., Aerotel medical systems Ltd., Asahi Kasei Corporation, Bioheart Inc., Biosensors international group Ltd, Cook group incorporated, Dräger Medical AG & Co. KGaA., Molecular devices LLC, Edwards Lifesciences Corp., Biotronik Inc., Koninklijke Philips N.V., Endotronix Inc., Smartcardia, Personal Safety Corporation, Ivy Biomedical Systems Inc., Cardio Diagnostics Holdings Inc., ECG Excellence BV, Aktiia SA, HD Medical, HeartFlow Inc., VPG Medical, BioTelemetry Inc., Preventice Solutions, Mortara Instrument Inc., GetemedMedizin-Und Informationstechnik Ag, LifeWatch Technologies Ltd., QRS Diagnostic
Which market trends are set to define the future of the cardiovascular monitoring and diagnostic devices and equipment market?
Major companies operating in the cardiovascular monitoring and diagnostic devices and equipment market are developing innovative products such as LUX-Dx II+ to better serve patients. The LUX-Dx II+ insertable cardiac monitor (ICM) system is a next-generation ICM system that provides physicians with a new option for diagnostic evaluation and long-term monitoring of people experiencing irregular heartbeats. For instance, in October 2023, Boston Scientific, a US-based manufacturing company launched LUX-Dx II+. The LUX-Dx II+ insertable cardiac monitor (ICM) system provides physicians with a new option for diagnostic evaluation and long-term monitoring of people experiencing irregular heartbeats. The system is designed with dual-stage algorithms, clear S-ECG signal quality, remote programming, wireless connectivity, a patient app, and a small size.
Which geographic trends are shaping the cardiovascular monitoring and diagnostic devices and equipment market, and which region has the highest market share?
North America was the largest region in global cardiovascular monitoring and diagnostic devices and equipment market in 2023. Western Europe was the second-largest region in cardiovascular monitoring and diagnostic devices and equipment market. The regions covered in the cardiovascular monitoring and diagnostic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Cardiovascular Monitoring And Diagnostic Devices And Equipment Market Report 2025 Offer?
The cardiovascular monitoring and diagnostic devices and equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Cardiovascular monitoring and diagnostic devices and equipment are used for the diagnosis, monitoring, and treatment of cardiovascular diseases.
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