Product Code: GVR-4-68040-031-9
Cardiovascular Digital Solutions Market Growth & Trends:
The global cardiovascular digital solutions market size is expected to reach USD 148.6 billion by 2030 to expand at a CAGR of 4.8% from 2023 to 2030 based on a new report by Grand View Research, Inc. The increasing prevalence of cardiovascular diseases globally, continuously growing elderly population, rise in the awareness regarding the cardiac diseases and treatments among the population are some of the factors driving the growth of the market.
Digital solutions in cardiology are available in various forms such as monitoring devices, mobile phone applications, wearable technology, software, sensors, etc. These devices are efficient in monitoring, dealing with, and regulating chronic heart conditions. Digital therapeutics have been able to enhance treatment effectiveness while reducing the economic burden on patients and healthcare providers in a short period of time.
The COVID-19 pandemic has had a profound impact on the global economy and almost all aspects of personal lives. Procedure-based patient care has been largely suspended, owing to the need to expand the capacity of hospitals & health care systems and the aim to reduce the risks of infection for the patients and physicians. Similarly, diagnostic follow-ups and evaluations have either been postponed or rethought in approach. Cardiovascular management has therefore provided unique clinical concerns during the COVID-19 pandemic.
Cardiovascular Digital Solutions Market Report Highlights:
- Based on service type, the unobtrusive segment accounted for the largest market share of 39.8% in 2022 as it is secure, care-setting-agnostic, and can efficiently manage large datasets. The CVD health informatics segment is expected to witness the fastest growth with a CAGR of 5.2% over the forecast period as it focuses on the collection, processing, transmission, retrieval, storage, interpretation, and usage of data from the cardiovascular system for the early detection and diagnosis cardiovascular diseases.
- Based on components, the devices segment dominated the market with a revenue share of 74.3% in 2022 owing to the increased prevalence of cardiovascular diseases and the increasing elderly population.
- Based on deployment, the cloud-based segment accounted for the largest revenue share of 67.7% in 2022 and is expected to continue its dominance over the forecast period as they offer more return on investment in the long run.
- Based on the end user, the hospitals & clinics segment dominated the market with a revenue share of 50.2% and is likely to grow at the fastest growth rate from 2023 to 2030. Efficient cardiac management can help hospitals and clinics to automate patient communication, increase their operational efficiency, and provide consistent and transparent cardiovascular treatment paths for patients.
- North America accounted for the largest revenue share of 40.2% in 2022 owing to the favorable reimbursement structure and the availability of telemedicine services. The Asia Pacific market is anticipated to witness rapid growth over the forecast period with a CAGR of 6.9%. The increase in the elderly population and increased development in the healthcare infrastructure driving the market expansion in the region.
Table of Contents
Chapter 1 Report Scope And Objectives
- 1.1 Market Segmentation & Scope
- 1.2 Regional Scope
- 1.2.1 Estimates And Forecast Timeline
- 1.3 Objectives
- 1.3.1 Objective - 1
- 1.3.2 Objective - 2
- 1.3.3 Objective - 3
Chapter 2 Methodology
- 2.1 Research Methodology
- 2.2 Information Procurement
- 2.2.1 Purchased Database
- 2.2.2 Gvr's Internal Database
- 2.2.3 Secondary Sources
- 2.2.4 Primary Research
- 2.3 Information Or Data Analysis
- 2.3.1 Data Analysis Models
- 2.4 Market Formulation & Validation
- 2.5 Model Details
- 2.5.1 Commodity Flow Analysis (Model 1)
- 2.5.2 Volume Price Analysis (Model 2)
- 2.6 List Of Secondary Sources
Chapter 3 Executive Summary
- 3.1 Market Outlook
- 3.2 Segment Outlook
- 3.2.1 Service Type
- 3.2.2 Components
- 3.2.3 Deployment
- 3.2.4 End-Use
- 3.2.5 Region
- 3.3 Competitive Insights
- 3.4 Cardiovascular Digital Solutions Market Outlook, 2022
Chapter 4 Market Variables, Trends & Scope
- 4.1 Market Lineage Outlook
- 4.1.1 Parent Market Outlook
- 4.2 Cardiovascular Digital Solutions Market Dynamics
- 4.2.1 Market Driver Analysis
- 4.2.2 Market Restraint Analysis
- 4.3 Cardiovascular Digital Solutions Market: Business Environment Analysis Tools
- 4.3.1 Porter's Five Forces Analysis
- 4.3.1.1 Threat Of New Entrants
- 4.3.1.2 Bargaining Power Of Suppliers
- 4.3.1.3 Bargaining Power Of Buyers
- 4.3.1.4 Competitive Rivalry
- 4.3.1.5 Threat Of Substitutes
- 4.3.2 Pestel Analysis
- 4.3.2.1 Political & Legal
- 4.3.2.2 Economic & Social
- 4.3.2.3 Technological
- 4.4 Penetration & Growth Prospect Mapping
- 4.5 Technology Trend Analysis
- 4.6 Regulatory Framework
- 4.7 Impact Of Covid-19 On Cardiovascular Digital Solutions Market
Chapter 5 Cardiovascular Digital Solutions Market: Service Type Analysis
- 5.1 Cardiovascular Digital Solutions Service Type Market Share Analysis, 2022 & 2030
- 5.2 Cardiovascular Digital Solutions, Deployment, Market: Segment Dashboard
- 5.3 Market Size & Forecasts And Trend Analyses, 2017 To 2030 For Service Type Segment
- 5.3.1 Unobtrusive Testing
- 5.3.1.1 Unobtrusive Testing Market, 2017 - 2030 (USD Million)
- 5.3.2 Cvd Health Informatics
- 5.3.2.1 Cvd Health Informatics Market, 2017 - 2030 (USD Million)
- 5.3.3 Cardiac Rehab Programs
- 5.3.3.1 Cardiac Rehab Programs Market, 2017 - 2030 (USD Million)
- 5.3.4 Others
- 5.3.4.1 Others Market, 2017 - 2030 (USD Million)
Chapter 6 Cardiovascular Digital Solutions Market: Components Analysis
- 6.1 Cardiovascular Digital Solutions Components Market Share Analysis, 2022 & 2030
- 6.2 Cardiovascular Digital Solutions Components Market: Segment Dashboard
- 6.3 Market Size & Forecasts And Trend Analyses, 2017 To 2030 For Components Segment
- 6.3.1 Devices
- 6.3.1.1 Devices Market, 2017 - 2030 (USD Million)
- 6.3.2 Software
- 6.3.2.1 Software Market, 2017 - 2030 (USD Million)
Chapter 7 Cardiovascular Digital Solutions Market: Deployment Analysis
- 7.1 Cardiovascular Digital Solutions Deployment Market Share Analysis, 2022 & 2030
- 7.2 Cardiovascular Digital Solutions Deployment Market: Segment Dashboard
- 7.3 Market Size & Forecasts And Trend Analyses, 2017 To 2030 For Components Segment
- 7.3.1 Cloud-Based
- 7.3.1.1 Cloud-Based Market 2017 - 2030 (USD Million)
- 7.3.2 On-Premise
- 7.3.2.1 On-Premise Market, 2017 - 2030 (USD Million)
Chapter 8 Cardiovascular Digital Solutions Market: End-Use Analysis
- 8.1 Cardiovascular Digital Solutions End-Use Market Share Analysis, 2021 & 2030
- 8.2 Cardiovascular Digital Solutions End-Use Market: Segment Dashboard
- 8.3 Market Size & Forecasts And Trend Analyses, 2017 To 2030 For The End-Use Segment
- 8.3.1 Hospitals & Clinics
- 8.3.1.1 Hospitals & Clinics Market, 2017 - 2030 (USD Million)
- 8.3.2 Ambulatory Care Centers
- 8.3.2.1 Ambulatory Care Centers Market, 2017 - 2030 (USD Million)
- 8.3.3 Others
- 8.3.3.1 Others Market, 2017 - 2030 (USD Million)
Chapter 9 Cardiovascular Digital Solutions Market: Regional Analysis
- 9.1 Cardiovascular Digital Solutions Regional Market Share Analysis, 2022 & 2030
- 9.2 Regional Market Snapshot
- 9.3 North America
- 9.3.1 North America Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.3.2 U.S.
- 9.3.2.1 U.S. Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.3.3 Canada
- 9.3.3.1 Canada Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.4 Europe
- 9.4.1 Europe Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.4.2 U.K.
- 9.4.2.1 U.K. Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.4.3 Germany
- 9.4.3.1 Germany Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.4.4 France
- 9.4.4.1 France Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.4.5 Italy
- 9.4.5.1 Italy Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.4.6 Spain
- 9.4.6.1 Spain Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.4.7. Russia
- 9.4.7.1 Russia Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5 Asia Pacific
- 9.5.1 Asia Pacific Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5.2 Japan
- 9.5.2.1 Japan Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5.3 China
- 9.5.3.1 China Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5.4 India
- 9.5.4.1 India Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5.5 Australia
- 9.5.5.1 Australia Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5.6 South Korea
- 9.5.6.1 South Korea Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5.7 Singapore
- 9.5.7.1 Singapore Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5.8 Thailand
- 9.5.8.1 Thailand Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.5.9 Malaysia
- 9.5.9.1 Malaysia Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.6 Latin America
- 9.6.1 Latin America Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.6.2 Brazil
- 9.6.2.1 Brazil Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.6.3 Mexico
- 9.6.3.1 Mexico Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.6.4 Colombia
- 9.6.4.1 Colombia Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.6.5 Argentina
- 9.6.5.1 Argentina Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.7 Middle East And Africa (Mea)
- 9.7.1 Mea Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.7.2 South Africa
- 9.7.2.1 South Africa Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.7.3 Saudi Arabia
- 9.7.3.1 Saudi Arabia Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.7.4 Uae
- 9.7.4.1 Uae Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.7.5 Kuwait
- 9.7.5.1 Kuwait Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
- 9.7.6 Israel
- 9.7.6.1 Israel Cardiovascular Digital Solutions Market, 2017 - 2030 (USD Million)
Chapter 10 Competitive Analysis
- 10.1 Recent Developments & Impact Analysis, By Key Market Participants
- 10.2 Company Profiles
- 10.3 Irythm Technologies, Inc.
- 10.3.1 Company Overview
- 10.3.2 Financial Performance
- 10.3.3 Product Benchmarking
- 10.3.4 Strategic Initiatives
- 10.4 Apple Inc.
- 10.4.1 Company Overview
- 10.4.2 Financial Performance
- 10.4.3 Product Benchmarking
- 10.4.4 Strategic Initiatives
- 10.5 General Electric Company
- 10.5.1 Company Overview
- 10.5.2 Financial Performance
- 10.5.3 Product Benchmarking
- 10.5.4 Strategic Initiatives
- 10.6 Uber Diagnostics
- 10.6.1 Company Overview
- 10.6.2 Financial Performance
- 10.6.3 Product Benchmarking
- 10.6.4 Strategic Initiatives
- 10.7 Alivcor, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Performance
- 10.7.3 Product Benchmarking
- 10.7.4 Strategic Initiatives
- 10.8 Verily Life Sciences Llc,
- 10.8.1 Company Overview
- 10.8.2 Financial Performance
- 10.8.3 Product Benchmarking
- 10.8.4 Strategic Initiatives
- 10.9 Heartflow, Inc.
- 10.9.1 Company Overview
- 10.9.2 Financial Performance
- 10.9.3 Product Benchmarking
- 10.9.4 Strategic Initiatives
- 10.10 Bardy Diagnostics, Inc.
- 10.10.1 Company Overview
- 10.10.2 Financial Performance
- 10.10.3 Product Benchmarking
- 10.10.4 Strategic Initiatives
- 10.11 Bio Telemetry, Inc.
- 10.11.1 Company Overview
- 10.11.2 Financial Performance
- 10.11.3 Product Benchmarking
- 10.11.4 Strategic Initiatives
- 10.12 Koninkelijke Philips N.V.
- 10.12.1 Company Overview
- 10.12.2 Financial Performance
- 10.12.3 Product Benchmarking
- 10.12.4 Strategic Initiatives
- 10.13 Evicore Healthcare
- 10.13.1 Company Overview
- 10.13.2 Financial Performance
- 10.13.3 Product Benchmarking
- 10.13.4 Strategic Initiatives