Global Cardiology Devices Market size was valued at USD 21.1 billion in 2019 and is expected to reach US $ xx billion by 2026, at a CAGR of 8.2% during a forecast period. Cardiology devices have great applications in cardiovascular operations to cure patients of many disorders.
Global Cardiology Devices Market Dynamics
Development and implementation of public awareness programmes about heart failure are acting as the driver for the global cardiology devices market. Management of a healthcare system that delivers timely access to diagnostic services and treatment of heart failure, as well as transition to long-term management, are creating lucrative opportunities for the global market. Government’s funds and encouraging research into new and more affordable cardiology devices for all type of heart failure are driving factors of the global market. Cardiovascular diseases have become one of the major causes of mortality and morbidity in the world over the last three decades, hence the adoption of newly invented cardiac devices creates an opportunity for the global market.
Global Cardiology Devices Market Key Players
Medtronic, Boston Scientific Corporation, Abbott, Edward Lifescinces Corporation, Cardinal Health, B. Braun Melsungen, Terumo Corporation, Biosensors International Group, BIOTRONIK SE & Co. KG., Abiomed Inc., ACIST Medical Systems Inc., C.R. Bard Inc., Cook Medical LLC, Cordis Corporation, GE Healthcare, Life Vascular Devices Biotech S.L., Biostense Webster Inc, Merit Medical Systems Inc, Novacam Technologies Inc., Koninklijke Philips N.V., St. Jude Medical.
Global Cardiology Devices Market Recent Developments
Medtronic and Abbott are the largest contributors to the global cardiology devices market. In 2019, Medtronic makes the Micra leadless pacemaker and abbott launch the Nanostim leadless pacemaker. In October 2020 Abbott has launched its new implantable cardioverter-defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices, bringing the most advanced heart rhythm management capabilities along with a new set of benefits to people in India with abnormal heart rhythms and heart failure.
Global Cardiology Devices Market Segment Analysis
Global Cardiology Devices Market
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Pacemakers play a significant role in the management of diseases related to cardiac dysfunction. Busy work and life, also the physical problems caused by sedentary sitting are the reasons behind the increase in the number of cases of cardiac arrests. Hence to extend the lifespan, the pacemaker segment contributes the largest share of XX% in the global market. A growing population suffering from cardiac-related disorders like Atrial Fibrillation, Arrhythmias, bradycardia and Sick-Sinus Syndrome etc., helps to boost the global cardiology devices market by the healthcare sector. The availability of pacemakers in hospitals and also in ambulatory surgical centers is expected to drive the global market.
Global Cardiology Devices Market Regional Analysis
Global Cardiology Devices Market
North America is expected to dominate the global cardiology devices market during the forecast period. Increasing utilization of cardiology devices for diagnosing and treatment of cardiovascular diseases in North America is witnessing the global market growth during the forecast period. North America was the major consumer of cardiology devices in 2019, thanks to rising healthcare expenditure, increasing prevalence of chronic diseases and growing aging population from this region. The presence of key companies and initiatives are being taken by private and public organizations, make North America a major contributor in the global market growth. The launching of effective cardiology products by the key players extends the lifespan of patients surviving in North America. The Asia Pacific region is the second-largest dominated region in the global cardiology catheter market. This is primarily by the enhancing healthcare infrastructure and presence of players in the region.
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Global Cardiology Devices Market
The objective of the report is to present a comprehensive analysis of the global cardiology devices market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global cardiology devices market dynamics, structure by analyzing the market segments and project the global cardiology devices market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global cardiology devices market make the report investor’s guide.
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Global Cardiology Devices Key Players
• Medtronic • Boston Scientific Corporation • Abbott • Edward Lifescinces Corporation • Cardinal Health • B. Braun Melsungen • Terumo Corporation • Biosensors International Group • BIOTRONIK SE & Co. KG. • Abiomed Inc. • ACIST Medical Systems Inc. • C.R. Bard Inc. • Cook Medical LLC • Cordis Corporation • GE Healthcare • Life Vascular Devices Biotech S.L. • Biostense Webster Inc • Merit Medical Systems Inc • Novacam Technologies Inc. • Koninklijke Philips N.V.
• St. Jude Medical.
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