Overview


According to FutureWise analysis the market for Cardiac Diagnostic Testing Devices in 2023 was US$ 16.48 billion, and is expected to reach US$ 29.87 billion by 2031 at a CAGR of 7.70%. The cardiovascular diagnostics market is growing due to the rising prevalence of cardiovascular diseases, driven by an aging population and a demand for early diagnosis. Technological innovations such as AI-powered ECGs, portable imaging systems, and remote monitoring are enhancing this growth. Additionally, government efforts to improve cardiac care infrastructure are promoting the global adoption of these diagnostic technologies.

This market study is segmented on the basis of product type, end-user, and region. On the basis of product type the market is segmented into Electrocardiogram (ECG), Echodiogram, Transesophageal Echocardiogram (TEE), Cardiac Catheterization. By end-user, the market is segmented into Hospital, Clinics, Diagnostic Laboratories, Long Term Care Centres, Homecare Settings, Ambulatory Surgical Centres, Cath Labs, Emergency Medical Services.
Regionally the market is segmented into Europe, North America, Latin America and APAC and rest of the word.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Cardiac Diagnostic Testing Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Cardiac Diagnostic Testing Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

  • Abbott
  • GE Healthcare
  • Koninklijke Philips
  • Bayer AG
  • bioMerieux Inc.
  • Danaher
  • F. Hoffmann La Roche
  • Siemens
  • Beckman Coulter
  • Hitachi Medical Systems

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent developments by key players in Cardiac Diagnostic Testing Devices Market:

Siemens

  • In August 2024, Siemens received FDA approval for its Acuson Origin, a new cardiovascular ultrasound system featuring advanced AI, which optimizes workflow and enhances diagnostic accuracy.
  • In February 2024, the company acquired 100% of Rapid Diagnostics, enhancing its point-of-care cardiac testing capabilities and accelerating decentralized diagnostics.

GE Healthcare

•    In August 2024, GE obtained the CE mark for its Vscan Air SL, a wireless handheld ultrasound equipped with Caption AI, which was showcased at the ESC Congress.
•    In May 2024, GE collaborated with Medis Medical Imaging to integrate the Medis QFR non-invasive assessment into GE’s Allia platform, enhancing coronary diagnostic capabilities.

 Abbott 

•    In June 2023, Abbott acquired Cardiovascular Innovations, a startup specializing in non-invasive monitoring, to enhance its portfolio.
•    In May 2023, the Assert-IQ insertable cardiac monitor (ICM) received FDA clearance, allowing for long-term monitoring of heart rhythms.

By Product Type

  • Electrocardiogram (ECG)
  • Echocardiogram
  • Transesophageal Echocardiogram (TEE)
  • Cardiac Catheterization

By End-User

  • Hospital
  • Clinics
  • Diagnostic Laboratories
  • Long Term Care Centres
  • Homecare Settings
  • Ambulatory Surgical Centres
  • Cath Labs
  • Emergency Medical Services

By Region

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East and Africa


  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Global Cardiac Diagnostic Testing Devices Market is segmented on the basis of product type, end-user, and region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in five key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
  • To record evaluate and competitive landscape mapping- product launches, technological
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Cardiac Diagnostic Testing Devices Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Product Type Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Cardiac Diagnostic Testing Devices Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Cardiac Diagnostic Testing Devices Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Product Type Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Product Type Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Cardiac Diagnostic Testing Devices Market, By Product Type Historical Analysis and Forecast 2025-2033 (USD Million)
    •   1. Electrocardiogram (ECG)
        2. Echocardiogram
        3. Transesophageal Echocardiogram (TEE)
        4. Cardiac Catheterization

  • 8.   Cardiac Diagnostic Testing Devices Market, By End User Historical Analysis and Forecast 2025-2033 (USD Million)
    •   1. Hospital
        2. Clinics
        3. Diagnostic Laboratories
        4. Long Term Care Centres
        5. Homecare Settings
        6. Ambulatory Surgical Centres
        7. Cath Labs
        8. Emergency Medical Services

  • 9.   North America Cardiac Diagnostic Testing Devices Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2025-2033

  • 10.   Latin America Cardiac Diagnostic Testing Devices Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2025-2033

  • 11.   Europe Cardiac Diagnostic Testing Devices Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2025-2033

  • 12.   Asia Pacific Cardiac Diagnostic Testing Devices Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2025-2033

  • 13.   Middle East and Africa Cardiac Diagnostic Testing Devices Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2025-2033

  • 14.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 15.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Abbott
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. GE Healthcare
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Koninklijke Philips
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Bayer AG
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Danaher
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. F. Hoffmann La Roche
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Siemens
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Beckman Coulter
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Hitachi Medical Systems
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. bioMerieux Inc.
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview

  • 16.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 17.   FutureWise SME Key Takeaway Points for Client

Related Market

Hba1c Testing Devices Market

Read More

Cardiac Marker Testing Devices Market

Read More
Partner

Our Clients