Global Digital Health For Cardiovascular Market 2024-2031
Digital Health For Cardiovascular Market Size, Share & Trends Analysis Report by Component (Hardware, Software, and Services), by End-User (Patients, Payers, Providers and Other) Forecast Period (2024-2031)
Digital health for cardiovascular market is anticipated to grow at a CAGR of 22.4% during the forecast period (2024-2031). Digital health for cardiovascular disorders is a field that uses technology to improve the prevention, diagnosis, and management of heart and blood vessel diseases. Tools and services include wearable devices, mobile health apps, telemedicine, and remote patient monitoring. Wearable devices monitor heart rate, blood pressure, and activity levels, while mobile health apps track symptoms, medications, and progress. Telemedicine allows remote doctor visits, while remote patient monitoring allows doctors to monitor health data remotely. This technology can improve quality of life and reduce healthcare costs.
Market Dynamics
Growing Demand for Remote Patient Monitoring
The COVID-19 pandemic has accelerated the adoption of remote patient monitoring (RPM) technologies. RPM allows healthcare providers to monitor patients' health data remotely, such as weight, blood pressure, and blood sugar levels. This can help to identify and address potential problems early on, improving patient outcomes and reducing healthcare costs. For instance, in March 2024, Wellysis, a subsidiary of Samsung, collaborated with Artella Solutions (ARTELLA) to introduce a remote cardiac monitoring service.
Market Segmentation
Based on components, the market is sub-segmented into hardware, software, and services
Based on end-user, the market is augmented into patients, providers, payers, others
Regional Outlook
The global digital health for cardiovascular market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North America Holds Major Market Share
North America holds a significant share driven by the rapid technology adoption, advanced healthcare systems, favorable regulatory landscape, high burden of cardiovascular disease, and focus on cost reduction. The country's advanced healthcare systems, a high concentration of medical institutions and qualified professionals, and streamlined regulatory processes make it a favorable environment for adopting digital health solutions.
The major companies serving the global digital health for the cardiovascular market include Siemens Healthineers AG, Oracle (Cerner Corporation), Apple Inc., Wellysis, and HeartFlow, Inc. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in March 2024, Wellysis, a Samsung subsidiary, teamed up with Artella Solutions (ARTELLA) to unveil its remote cardiac monitoring service in the US. This partnership aims to offer the FDA-cleared S-Patch electrocardiogram monitoring solution from ARTELLA across ten states.
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- 1.1. Research Methods and Tools
- 1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region
- 2. Market Overview and Insights
- 2.1. Scope of the Report
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Industry Trends
- 2.2.2. Market Recommendations
- 2.2.3. Conclusion
- 3. Competitive Landscape
- 3.1. Key Company Analysis
- 3.2. Apple Inc.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
- 3.3. Oracle Corp. (Cerner)
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
- 3.4. Siemens Healthineers
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
- 3.5. Key Strategy Analysis
- 4. Market Segmentation
- 4.1. Global Digital Health For Cardiovascular Market by Component
- 4.1.1. Software
- 4.1.2. Hardware
- 4.1.3. Services
- 4.2. Global Digital Health for Cardiovascular Market by End-User
- 4.2.1. Patients
- 4.2.2. Providers
- 4.2.3. Payers
- 4.2.4. Others
- 5. Regional Analysis
- 5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
- 5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
- 5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
- 5.4. Rest of the World
- 5.4.1. Latin America
- 5.4.2. Middle East & Africa
- 6. Company Profiles
- 6.1. AlivCor, Inc.
- 6.2. Bardy Diagnostics, Inc.
- 6.3. CardiAI
- 6.4. Cleerly, Inc.
- 6.5. DOVEN
- 6.6. Epic Systems Corp.
- 6.7. HEALTH INFORMATION MANAGEMENT SYSTEMS (HIMS
- 6.8. HeartFlow, Inc.
- 6.9. NXGN Management, LLC
- 6.10. RSIP Vision
- 6.11. Samsung
- 6.12. Verily Life Sciences LLC
- 6.13. Vista AI
- 6.14. Viz AI
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