Middle East and Africa Cardiovascular Monitoring and Diagnostic Devices Market Trends and Forecast Analysis 2021
Middle East and Africa market for Cardiovascular Diagnostic and Monitoring Devices was worth USD 166.63 million in 2016 and estimated to be growing at a CAGR of 5.96%, to reach USD 222.59 million by 2021
(EMAILWIRE.COM, December 08, 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. 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 owing to shifting focus towards preventative healthcare.
Africa & Middle-East cardiovascular monitoring devices market is driven by factors such as increasing risks related to hypertension, heart muscle weakening and increasing number of people suffering from diabetes and obesity. Advancements in technology have brought new portable devices into market which helps in performing various tests which are further adding to the growth of Cardiovascular Monitoring market. However unclear reimbursement policies, strict government regulations for products and high cost of monitoring devices are some the major factors hindering the growth of the market
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Africa & Middle-East market for cardiovascular diagnostic and monitoring devices is analysed 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 segment is the largest product segment and expected to maintain its strong hold in the market during the forecast period due to widespread availability.
On the basis of geography Middle-East & Africa market for cardiovascular diagnostic and monitoring devices market is segmented into Africa and Middle-East. Middle-East is the largest market within this region due to high disposable income and increasing awareness about diagnostic procedures while Africa is estimated to be the fastest growing due to its high population base and lots of untapped markets providing a greater opportunity for growth
Cardiovascular monitoring and diagnostic devices market is dominated by GE healthcare and Phillips healthcare accounting for a share of approximately 50%. Other major companies covered in the report are Siemens Healthcare, Boston Scientific Corporation, St. Jude Medical, Inc., Nihon Kohden Corporation, and Welch Allyn, Inc.
Africa & Middle-East cardiovascular monitoring devices market is driven by factors such as increasing risks related to hypertension, heart muscle weakening and increasing number of people suffering from diabetes and obesity. Advancements in technology have brought new portable devices into market which helps in performing various tests which are further adding to the growth of Cardiovascular Monitoring market. However unclear reimbursement policies, strict government regulations for products and high cost of monitoring devices are some the major factors hindering the growth of the market
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/middle-east-and-africa-cardiovascular-monitoring-and-diagnostic-devices-market-227/request-sample
Africa & Middle-East market for cardiovascular diagnostic and monitoring devices is analysed 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 segment is the largest product segment and expected to maintain its strong hold in the market during the forecast period due to widespread availability.
On the basis of geography Middle-East & Africa market for cardiovascular diagnostic and monitoring devices market is segmented into Africa and Middle-East. Middle-East is the largest market within this region due to high disposable income and increasing awareness about diagnostic procedures while Africa is estimated to be the fastest growing due to its high population base and lots of untapped markets providing a greater opportunity for growth
Cardiovascular monitoring and diagnostic devices market is dominated by GE healthcare and Phillips healthcare accounting for a share of approximately 50%. Other major companies 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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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results