Virtual Cardiology Market Report by Size, Share, Trend and Forecast to 2027

Virtual cardiology is a fast-emerging field of remote healthcare. Like many other telehealth branches, virtual cardiology pushed the boundaries of healthcare, evolving as a critical element of the digital transformation of cardiovascular care. Also dubbed as telecardiology, virtual cardiology is one of the most prominent telemedicine branches specializing in the treatment of cardiovascular diseases (CVDs). It enables healthcare professionals to conveniently access patients’ cardiac data, such as cardiac tests, results in a textual format, or the form of images or videos. It is widely practiced for diagnosing and monitoring patients with cardiovascular diseases from a distant location.

The digital health landscape has significantly evolved over the past decade, with a remarkable increase in telemedicine platforms, such as remote monitoring devices, disease management coaching apps, urgent care chatbots, and many more. In the virtual cardiology space, cardiology specialists are able to monitor the heart-related data of patients, which helps them with the rapid diagnosis of cardiac conditions. These services act as a savior in emergencies, where physicians manage to offer consultation and prescribe medicines to patients via videoconferencing. Moreover, virtual cardiology services also find applications in the areas of advanced CVD research, education, and training.

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The COVID-19 pandemic has played a vital role in accelerating the growth of the virtual cardiology market. The pandemic has caused nationwide lockdowns and patients with weak immunity and fragile health have been advised to stay away from hospitals as healthcare centres are apparently hotbeds of infection. But patients with cardiovascular disease need attention and monitoring, which has widened the opportunity for virtual cardiology industry.

Top Companies Operating in Virtual Cardiology Market are:

BioTelemetry, Biotronik, McKesson, Philips Healthcare, GE Healthcare, Cisco Systems, Honeywell Life Care Solutions, Roche, CompuMed, Huawei Technologies, Meddiff Technologies, InTouch Technologies, Siemens Healthcare, Medtronic Plc, Polycom, Vidyo among others.

 

Key Highlights from the Report:

  • The factors responsible for the growth of the global market include the growing investment in cardiology informatics accompanied by the development of connected devices and mobile solutions for advanced cardiac care.
  • The increase in healthcare spending on ICT has prompted the development and implementation of advanced networking solutions to monitor the speed of medical data transfer.
  • Due to the rapid rate of adopting technology in primary and secondary healthcare, the global virtual cardiology market is projected to expand over the next few years.
  • The growing adoption of CVD-related systems in cardiac care history is one of the latest trends currently observed in the virtual cardiology industry. It is well-known that CVIS has expanded the scope of virtual cardiology operations, providing an integrated bedside platform to access medical data remotely.
  • North America is the largest market, with nearly half of the worldwide market share. An important market growth driver is a growing incidence of cardiovascular disease and diabetes throughout the region. In addition, increasing investments in virtual cardiology technologies will spur the region's growth in the healthcare industry.

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Emergen Research has segmented the global virtual cardiology market on the basis of product type, application, and region:

Product Type Outlook (Revenue, USD Billion; 2017-2027)

  • IT Services
  • Software
  • Hardware
  • Telecom

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Health Monitoring
  • Diagnosis

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Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
      • U.S.
      • Canada
      • Mexico
  • Europe
      • Germany
      • U.K.
      • France
      • BENELUX
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Rest of APAC
  • Latin America
      • Brazil
      • Rest of LATAM
  • Middle East & Africa
      • Saudi Arabia
      • U.A.E.
      • Rest of MEA

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2030

Chapter 3. Key Insights

Chapter 4. Virtual Cardiology Market Segmentation & Impact Analysis

    4.1. Virtual Cardiology Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers’ analysis

          4.2.3. Market restraints analysis

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Continued…

 

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