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With 6.10% CAGR, Global Cardiac Care Medical Equipments Market Size to Surpass USD 35,406.69 million by 2028 - Comprehensive Research Report by Facts & Factors

11-15-2022 12:57 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Facts & Factors

Cardiac Care Medical Equipments Market

Cardiac Care Medical Equipments Market

According to Facts and Factors, the size of the global market for cardiac care medical equipment was estimated to be worth approximately USD 24,819.50 million in 2021 and is projected to grow to approximately USD 35,406.69 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.10% over the forecast period. The study investigates the factors that are driving and inhibiting the growth of the cardiac care medical equipment market, as well as the impact these factors are expected to have on-demand over the course of the forecast period. In addition to this, the paper investigates new openings that have presented themselves in the market for cardiac care medical equipment.

๐‘๐ž๐š๐ ๐ƒ๐ž๐ญ๐š๐ข๐ฅ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/cardiac-care-medical-equipments-market

Key players in the global Cardiac Care Medical Equipments market include
Teleflex
Getinge
Berlin Heart
Boston Scientific
Medtronic
LivaNova
Cardiac Science
GE Healthcare
Philips Healthcare
Biotronik, Inc.,
St. Jude Medical
Thoratec Corporation
Abbott.

Heart diseases are the primary reasons people pass away all over the world. Heart diseases and related conditions are responsible for the deaths of more people than any other category of illness or disease combined. There are a number of different forms of cardiac disorders, some of which include coronary heart disease, cerebrovascular illness, rheumatic heart disease, congenital heart disease, peripheral arterial disease, deep vein thrombosis, and pulmonary embolism. The most common reasons for heart-related disorders are improper nutrition, smoking, a sedentary lifestyle, excessive alcohol consumption, and just getting older.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.fnfresearch.com/sample/cardiac-care-medical-equipments-market

The expansion of the global market for cardiac care medical equipment can be attributed to a number of factors, such as the growing incidence of heart diseases, conditions, and conditions related to the heart, the prevalence of unhealthy lifestyles, and the growth of the elderly population. As a result of an increase in demand for cardiac care medical equipment, it is anticipated that the global market for such products will expand at a compound annual growth rate (CAGR) of 6.10% over the course of the period covered by the projection.

Due to a number of regulatory restraints and patient requirements, hospitals are promoting home healthcare systems and remote patient monitoring systems. This is expected to fuel the market expansion for cardiac care medical equipment. This industry has grown significantly as a result of critical cardiovascular therapy equipment, such as coronary stents, becoming available at much more affordable prices, particularly in developing nations like India.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/inquiry/cardiac-care-medical-equipments-market

In light of the fact that it is anticipated that demand for these devices will continue expanding strongly, important market participants should participate heavily in research and development projects. It is anticipated that this would result in the production of novel goods that will enhance the condition of patients suffering from heart conditions. There are a number of factors that are preventing the market for cardiac care medical equipment from expanding, including high maintenance costs and tight regulatory product clearance procedures.

Segmental Overview

The global market for cardiac care medical equipment may be broken down into distinct submarkets according to factors such as product type, sales channel, application, and geographical location.

๐๐ž๐ž๐ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/customization/cardiac-care-medical-equipments-market

Cardiac rhythm management devices, cardiac prosthetic devices, peripheral vascular devices, electrophysiology, interventional cardiac medical devices, and cardiac monitoring and diagnostic devices are the various types of products that fall under the umbrella of the cardiac device market. In this group, the sector that deals with cardiac monitoring and diagnostic equipment is expected to lead the market in the year 2021. The market can be broken down into Holter Monitors, Catheters, Defibrillators, ECG, and Others, according to the product that it sells.

The electrocardiogram (ECG) market is anticipated to experience the greatest growth over the course of the projected period in 2021. The market can be broken down into Hospitals, Clinics, and Others, depending on where the products would be used. In 2021, the hospital sector will have the majority of the market share. In conclusion, the market is split into Direct channels and Distribution channels according to the many sales channels that are used. In 2021, it is anticipated that the direct channels sector would develop at the fastest rate during the course of the forecast year.

๐‘๐ž๐š๐ ๐›๐ฎ๐ฒ๐ง๐จ๐ฐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/buynow/su/cardiac-care-medical-equipments-market

Key Players Insights

The report contains qualitative and quantitative research on the global cardiac care medical equipment market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.

Recent developments:

In January 2021, Boston Scientific Corporation revealed that it had entered into a binding contract to buy Preventice Solutions, Inc., a provider of numerous mobile heart health products and services. The growth of Boston Scientific Corporation's product line was guaranteed by this acquisition.
In October 2020, the first pacemaker in India that can interact with a patient's smartphone or tablet, the Azure pacemaker with BlueSync technology, was launched, according to the Indian division of Medtronic.

The Global Cardiac Care Medical Equipments market is segmented as follows:

By Type

Cardiac rhythm management devices
Cardiac prosthetic devices
Peripheral vascular devices
Electrophysiology
Interventional cardiac medical devices
Cardiac monitoring and diagnostic devices

By Product

Holter Monitors
Catheters
Defibrillators
ECG
Others

By Application

Hospitals
Clinics
Others

By Sales Channel

Direct Channel
Distribution Channel

By Region

North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

Facts & Factors
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Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction in our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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