The global cardiovascular devices market was valued over 33 billion in 2015 and is projected to grow at a CAGR of 6.6% over the forecast period. The prevalence of chronic heart ailments and sedentary lifestyles has been steadily rising thus engendering a high incidence of cardiac diseases.

In addition, the growing geriatric population worldwide is fueling the number of cases diagnosed with heart disorders due to the high susceptibility of this population pool to developing cardiac diseases. As a result, the huge target population is positively impacting the growth of the cardiovascular market.

Moreover, the government is imposing penalties on hospitals and healthcare facilities to limit patient readmissions in the U.S. As a result, hospitals are promoting home healthcare and remote patient monitoring services, hence triggering the demand for cardiac monitoring systems. On the other hand, factors such as high device maintenance costs coupled with stringent regulatory product approval procedures are hindering the growth of the global cardiovascular devices vertical.