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The rising prevalence of severe diseases has fuelled the demand for innovative monitoring systems that can track and monitor various health-related factors. The rising prevalence of lifestyle diseases including cardiac disorders, diabetes, and hypertension, the rising incidence of respiratory infections, the growing demand for critical congenital heart disease (CCHD) screening, government, and private sector initiatives to deduct healthcare costs, and the increasing demand for home-based and non-invasive monitoring systems are some of the growth-driving factors for haemodynamic monitoring systems. A critical element in this is the adoption of unhealthy, sedentary lifestyles by a rising demographic of urban users, which has resulted in cardiovascular illnesses becoming a disease of the young and middle-aged rather than being limited to the elderly. Urban consumers' unhealthy dietary choices and sedentary lifestyles have also contributed to the rising prevalence of cardiovascular ailments, making them a vital indirect contributor to the global haemodynamic monitoring systems industry.
To achieve a competitive advantage, global firms invest in research and development to introduce innovative products. They are also concentrating on regional expansion via mergers and acquisitions. For example, Philips (NYSE: PNG), a global leader in healthcare technology, recently announced integrating its Interventional haemodynamic system with the IntelliVue X3, the industry's best portable patient monitor. The portable monitor will track vital signs throughout a patient's journey. The connectivity also makes it easier to keep track of data for specific patients.
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The major players in the global haemodynamic monitoring systems market are Getinge AB, Edwards Lifesciences Corporation, ICU Medical, Inc., LiDCO Limited, Koninklijke Philips N.V., and Schwarzer Cardiotek GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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