Market Trends of United States Cardiovascular Devices Industry
Electrocardiogram (ECG) is Expected to Dominate the Diagnostic And Monitoring Segment Over the Forecast Period
An electrocardiogram (ECG) records the electrical signals from the heart. It is a common and painless test used to detect heart problems and monitor the heart's health.
Currently, there are portable and compact electrocardiogram (ECG) is driving its greater adoption, especially in the home healthcare segment. Moreover, there has been an increase in the incidence of cardiovascular diseases (CVD), wherein long-term ECG monitoring is necessary and with the introduction of wireless ECG, doctors can monitor and diagnose the patient remotely on time, which further fuels the market growth.
According to the Centres for Disease Control and Prevention (CDC) in September 2020, heart disease is the leading cause of death in the United States. Every year about 805,000 Americans has a heart attack. As the number of deaths due to heart diseases is increasing there is a continuous need for the proper detection and diagnosis of cardiac diseases and congestive heart failure (CHF) treatment devices fulfill the unmet needs and hence is expected to show growth over the forecast period.
In addition, several market players are engaged in the implementation of initiatives, thereby contributing to market growth. For instance, in August 2020, Myocardial Solutions, Inc. and United Imaging, Inc. have formed a strategic partnership to open the cancer care and cardiology market for rapid cardiac magnetic resonance (MR) imaging. The partnership will focus on providing cancer centers and hospitals with critical MyoStrain-enabled solutions for the detection and management of cardiac diseases and the effects of cancer therapies on the heart. The new partnership between United Imaging and MSI marks the first commercial availability of transformative cardiac and cancer testing for clinical use in the United States.
Furthermore, increasing cardiovascular diseases, such as high blood pressure, arrhythmias, and stroke are increasing the demand for cardiovascular devices, along with growing demand for minimally invasive surgeries and technological advancements are also expected to drive the market in near future.
