Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
Heart disorders are the leading cause of death among the population in the United States, resulting in 610,000 deaths every year ~ CDC (The Centers for Disease Control and Prevention)
Rising Government Initiatives & Medical Technology Innovations
To improve the quality of the healthcare facilities provided to patients, there are increasing measures taken by governmental bodies in different regions of the world. Additionally, growing technological advancements in the healthcare industry is contributing towards raising the demand for cardiovascular diagnostic services, thereby driving the growth of the market.
However, the shortage of a skilled healthcare workforce is anticipated to pose as a barrier to the growth of the cardiovascular diagnostics market over the forecast period.
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The cardiovascular diagnostics market is anticipated to attain a significant market size by expanding at a CAGR of 9% during the forecast period, i.e., 2019-2027. The growth of the market can be attributed to the increasing number of patients with heart diseases, especially among the geriatric population. The cardiovascular diagnostic techniques include ECG, angiography, heart monitoring, and heart ultrasounds among several others. The demand for such techniques is rising on account of the growing prevalence of cardiovascular diseases and other heart-related disorders.
North America is anticipated to hold leading market share of the cardiovascular diagnostics market on account of improved medical facilities and technological advancements in the region. The increased expenditure by people on healthcare along with growing rate of cardiovascular diseases are also responsible for the expansion of this market. The market in Europe holds the second largest share on the back of increasing developments in the medical industry and growing ageing population in the region.
Market in Asia-Pacific region is estimated to grow at the highest rate during the forecast period on account of growing developments in the healthcare infrastructure and increasing geriatric population in this region, mainly in countries such as China and India.
This report also provides the existing competitive scenario of some of the key players of the global cardiovascular diagnostics market which includes company profiling of Abbott (ABT), GE Healthcare (GE), Koninklijke Philips (PHIA), Bayer AG (BAYN), bioMerieux, Inc. (BIM), Danaher (DHR), F. Hoffmann-La Roche (ROG), Siemens (SIE), Beckman Coulter (BEC), and Hitachi Medical Systems. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cardiovascular diagnostics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
The Final Report will cover the impact analysis of COVID-19 on this industry @ https://www.researchnester.com/sample-request-1735
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