(PharmaNewsWire.Com, December 15, 2017 ) Cardiovascular disease is a medical condition which affects the structure and function of organs associated with function of heart and its circulation.Cardio Vascular diseases are the primary cause of death and witnessing a high rise in prevalence. There are a large number of people being diagnosed with cardiovascular diseases such as periphery artery diseases, coronary artery diseases, congenital heart diseases, and pulmonary conditions shifting focus towards preventative healthcare.
North America market for cardiovascular devices is majorly driven factors such as increasing number of people suffering from diabetes and obesity and growing risks related to hypertension, heart muscle weakening. Advancements in Technology have enabled portability features such as portability in performing various tests are also adding to the growth of Cardiovascular Monitoring market. However unclear reimbursement policies, stringent government regulations for product approvals and high cost of devices are some the major factors restraining the market growth.
North American market for cardiovascular diagnostic and monitoring devices is studied on the basis of product which is further segmented into ECG systems, Holter Monitors, Event Monitors, Implantable loop recorders and ECG management systems. Electrocardiographs segment is further sub segmented into Resting ECG systems and Stress ECG systems. ECG systems holds the largest share in the market and expected to maintain its strong in the market during the forecast period due to widespread availability and increasing preference for diagnostic devices in both developed and developing regions.
On the basis of geography North America market for cardiovascular diagnostic and monitoring devices market is analysed under various regions namely United States and Canada. With in North America United States is the largest market for cardiovascular diagnostic and monitoring devices and is expected to sustain its strong share due to its high awareness about available diagnosis and treatment methods among patients and physicians.
The North America Cardiovascular Diagnostic and monitoring market is dominated by two companies namely Phillips healthcare and GE healthcare accounting for an approximately 50% share in 2015. Other major players covered in the report are Siemens Healthcare, Boston Scientific Corporation, St. Jude Medical, Inc., Nihon Kohden Corporation, and Welch Allyn, Inc.
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