A Brief Analysis of How Cardiovascular Digital Solution Help in Tackling Traditional Healthcare Problems.

The incorporation of digital solutions for diagnosis, treatment, and rehabilitation has been one of the most innovative steps ever taken in the healthcare sector. Especially, the treatment of cardiovascular diseases has become quite efficient owing to adoption of digital solutions. Cardiovascular digital solutions cover the entire gamut of technologies which improve the quality of heart healthcare service delivery. These technologies include “smart” electronic devices, smartphone applications, and wearables. Also, complex innovations such as artificial intelligence, machine learning, telehealth, etc., form a part of cardiovascular digital solutions.

Effectiveness of cardiovascular digital solutions

As per a study by a reputed medical research organization, 1 out of every 13 people suffer from a heart-related ailment. This number rises steeply in the case of the US; every 1 in 2 adults in the US suffers from a cardiovascular ailment. Thus, the situation with respect to rising incidence cardiovascular diseases is grim, to say the least. In such a scenario, technological solutions offer a ray of hope in tackling the problem. Traditional healthcare approach is grappled with numerous issues. Firstly, all the necessary healthcare parameters like ECG, blood pressure, blood sugar levels, etc., aren’t regularly monitored. Also, the data collected during the tests is stored in fragments which prevents the practitioners from joining the pieces to see the larger picture. Digital solutions help in regular monitoring and storing the data in an integrated approach, so that the doctor can accurately assess the problem.

An important reason why the majority of the global population cannot get access to healthcare services is because of the high cost of medical tests. The introduction of digital solutions like smart wearables has increased the reach of healthcare services. Thus, cardiovascular digital solutions do not just enhance the efficacy of treatment but also ensure that maximum number of people can take benefit of healthcare services. Moreover, technological advancements like telehealth and artificial intelligence have removed both distance and language barriers that were the biggest hurdle in accessing the best healthcare facilities.

Future growth opportunities to the market

The global cardiovascular digital solutions market is naturally positively impacted by the increasing adoption of digital technologies by the healthcare sector. Along with this, an overall rise in the prevalence of cardiovascular diseases across the world has also played a vital role in the growth of the market. Both these factors are projected to enable the market to grow at a CAGR of 6.2% during the 2023-2032 period. 

A surge in usage of remote monitoring devices has been recorded in the past few years. This trend might also create huge investment opportunities in the market. In fact, several companies are already investing heavily in R&D to develop advanced remote monitoring devices. Many companies have also launched their own digital solutions which are getting a lot of traction in the market. For instance, in January 2023, Lupin announced the launch of LYFE, a digital therapeutics solution. By allowing patients to connect with their doctors through an online platform, LYFE offers an evidence-based heart care program. Similarly, Wipro GE Healthcare announced the launch of AI-powered Cath lab for personalized treatment options. Such product launches are expected to expand the scope of the market.

To summarize, the cardiovascular digital solutions market is predicted to witness a huge upsurge owing to the increasing prevalence of cardiovascular ailments and rising adoption of digital technologies. Furthermore, innovative product launches by leading companies are expected to solidify the position of the market.
 

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