The global cardiovascular digital solutions market revenue was around US$ 89.6 billion in 2023 and is estimated to reach US$ 154.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2024 to 2032.
Cardiovascular digital solutions is the sector of the healthcare industry that concentrates on digital solutions and technologies created to enhance the diagnosis, treatment, and management of cardiovascular diseases. It contains a broad range of digital tools, software applications, and devices that help healthcare providers in providing more effective and efficient cardiovascular care.
Factors Influencing Market Growth
- The rise in the prevalence of cardiovascular diseases is anticipated to propel the growth of the cardiovascular digital solutions market.
- The high adoption of digital technology by healthcare professionals and patients is anticipated to propel the growth of the cardiovascular digital solutions market.
- The high implementation costs are anticipated to serve as a significant limitation for the growth of the market.
- The integration of AI in cardiac devices is anticipated to offer significant growth opportunities for the market.
Impact of COVID-19
The impact of the COVID-19 pandemic caused a mild drop in the cardiovascular digital solutions market. The pandemic brought a global emergency for the major world economies, particularly the healthcare industry. Key players in the market persisted in changing their plans in reaction to the constantly moving circumstances. Also, different key players and countries in the market have undertaken critical healthcare changes until the emergency takes a back seat.
Regional Analysis
In 2023, North America dominated the global cardiovascular digital solutions market in terms of revenue and is anticipated to maintain its dominance during the forecast period. This is because of the rise in the prevalence of cardiovascular disorders and the strong presence of the cardiovascular digital solutions industry in the North American region.
Also, Asia-Pacific is anticipated to show the fastest growth during the forecast period. This is due to the rise in government initiatives regarding healthcare facilities and the geriatric population.
Leading Companies
The leading prominent companies profiled in the global cardiovascular digital solutions market are:
- AlivCor, Inc.
- Apple Inc.
- General Electric
- Verily Life Sciences LLC
- Koninklijke Philips N.V.
- HeartFlow, Inc.
- iRhythm Technologies, Inc.
- Baxter International Inc
- Cardiac Insight Inc.
- Other Prominent Key Players
Segmentation Outline
The global cardiovascular digital solutions market segmentation focuses on Service, Component, End User, and Region.
Segmentation based on Service
- Unobtrusive Testing
- CVD Health Informatics
- Cardiac Rehab Programs
Segmentation based on Component
- Devices
- Software
Segmentation based on End User
- Healthcare organization
- Healthcare consumer
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa