Global Cardiovascular Digital Solutions Market, By Service Type (Unobtrusive Testing, CVD Health Informatics, Cardiac Rehab Programs), Components (Devices, Software), Deployment Type (Cloud-Based/Web-Based, On-Premise), End-Users (Homecare Settings, Ambulatory Care Centers, Hospitals, Clinics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The cardiovascular digital solutions market is expected to witness market growth at a rate of 12.76% in the forecast period of 2021 to 2028 and is expected to reach USD 159.97 billion by 2028. Data Bridge Market Research report on cardiovascular digital solutions market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prevalence of cardiovascular disorders globally is escalating the growth of cardiovascular digital solutions market.
Cardiovascular digital solutions are referred to as the integration and implementation of digital technologies such as software, wearables, sensors, smartphones, AI and virtual healthcare solutions. The digital healthcare systems are being deployed in order to improve and provide efficient healthcare solutions.
The rapid digitization in the healthcare sector across the globe acts as one of the major factors driving the growth of cardiovascular digital solutions market. The increase in demand for digital solutions because of rise in comorbidity of CVD with other health complications and disease conditions, requiring multi-parameter monitoring beyond the ECG to make cardiac care more targeted and efficient accelerate the cardiovascular digital solutions market growth. The emergence of digital cardiac solutions such as cardiac remote patient monitoring devices and shift in clinical diagnosis and treatment toward more patient-centric monitoring solutions further influence the cardiovascular digital solutions market. Additionally, increasing geriatric population, growth in awareness regarding diseases and treatments among people research and development activities, enhancing healthcare infrastructure and surge in healthcare expenditure positively affect the cardiovascular digital solutions market. Furthermore, advancement and innovations in the devices extend profitable opportunities to the cardiovascular digital solutions market players in the forecast period of 2021 to 2028.
On the other hand, requirement of large funding amid lack of infrastructure in various developing regions are the factors expected to obstruct the cardiovascular digital solutions market growth. The rise in the concerns related to the theft of data from these digital healthcare software and solutions are projected to challenge the cardiovascular digital solutions market in the forecast period of 2021-2028.
This cardiovascular digital solutions market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cardiovascular digital solutions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cardiovascular Digital Solutions Market Scope and Market Size
The cardiovascular digital solutions market is segmented on the basis of service type, components, deployment type and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of service type, the cardiovascular digital solutions market is segmented into unobtrusive testing, CVD health informatics and cardiac rehab programs.
- On the basis of components, the cardiovascular digital solutions market is segmented into devices and software.
- On the basis of deployment type, the cardiovascular digital solutions market is segmented into cloud-based/web-based and on-premise.
- On the basis of end-users, the cardiovascular digital solutions market is segmented into homecare settings, ambulatory care centers, hospitals and clinics.
Global Cardiovascular Digital Solutions Market Country Level Analysis
The cardiovascular digital solutions market is analyzed and market size insights and trends are provided by country, service type, components, deployment type and end-users as referenced above.
The countries covered in the cardiovascular digital solutions market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cardiovascular digital solutions market during the high healthcare spending and high adoption rate of healthcare information technology in the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the improvement in the healthcare infrastructure, presence of healthcare IT vendors and increase in funding for research & development centers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The cardiovascular digital solutions market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cardiovascular digital solutions market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cardiovascular digital solutions market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Cardiovascular Digital Solutions Market Share Analysis
The cardiovascular digital solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cardiovascular digital solutions market.
The major players covered in the cardiovascular digital solutions market report are iRhythm Technologies, Inc., Apple Inc., GENERAL ELECTRIC COMPANY, Hill-Rom Services Inc., Uber Diagnostics, AliveCor, Inc., Verily Life Sciences LLC, HeartFlow, Inc., Bardy Diagnostics, Inc., BioTelemetry, Inc., Nanowear, Inc., Koninklijke Philips N.V., Proteus Digital Health, Cardiac Insight Inc., eviCore healthcare, Bay Labs, Inc., Change Healthcare and Medtronic among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.