Cardiogenic Shock Market Expected to Reach $3.43 billion by 2030: Players Getinge AB, Par Pharmaceutical, Abbott, Viatris Inc

The brainy Insights estimates that the USD 3.43 billion in 2022 Cardiogenic Shock market will reach USD 5.6 billion by 2030. The rising awareness about cardiac health and instant treatment are the major factors boosting the growth of the cardiogenic shock market. Furthermore, the increasing technological advancement and improvement in healthcare facilities also adds to the market's growth.

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North America to account for the largest market size during the forecast period.

North America is expected to have the largest cardiogenic shock market share. Key factors favouring the growth of the cardiogenic shock market in North America are the presence of technologically equipped and well-built healthcare infrastructure. Furthermore, the programs organized by healthcare officials to spread awareness about cardiac diseases, symptoms and treatments in the region add impetus to the market's growth. In addition to this, the people in North Americal are active and keep themself physically fit to avoid any kind of disease.

The drugs segment is expected to augment the cardiogenic shock market during the forecast period.

The drugs segment is anticipated to dominate the market over the forecast period. Vasopressor drugs like norepinephrine are recommended in cases of hypotensive and acute cardiogenic shock, allowing the segment to grow.

The ambulatory surgery centres segment market size is 0.92 billion in 2022

The ambulatory surgery centers segment held the largest market share in 2022 and is expected to continue during the forecast period. A cardiac catheterization laboratory provides minimally invasive treatments to diagnose and treat cardiovascular diseases such as congestive cardiac failure and breathing problems.

Advancement in market

In August 2021, due to VOYAGER PAD Phase 3 research results, Johnson and Johnson recently announced that the FDA had expanded the Peripheral Artery Disease indication for a vascular dose of XARELTO to include patients who have undergone a Lower-Extremity Revascularization to treat symptomatic PAD.

In September 2022, The European Journal of Heart Failure recently published positive Phase 2 results on Istaroxime treatment of early cardiogenic shock from Windtree Therapeutics.

Market Dynamics

Driver: Awareness programs started by the government in collaboration with healthcare organizations

The government has started many awareness programs to bring people's attention to their heart health in collaboration with the health sector, which has proven to be an excellent source of information.

Restraint: Decline in donors for a heart transplant

Heart transplants are becoming increasingly necessary due to a growing number of cardiovascular disorders, including valvular dysfunction, systolic dysfunction, and diastolic dysfunction, along with coronary artery disease, cardiac arrhythmias, and mechanical complications, reducing the number of heart donors.

Opportunity: Increasing ratio of cardiac diseases

As more people become prone to cardiac diseases, the demand for cardiac diseases related treatments is also increasing, which is proven to be a great opportunity for the growth of the cardiogenic shock market.

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Challenge: There is an increasing need for catheterization labs

Basically, catheterization labs are hospitals, but they are located in a chamber or room well equipped with all the necessary equipment required during emergencies. In case of emergencies catheterization labs offer instant treatment.

Some of the major players operating in the cardiogenic shock market are:

Key Segments cover in the market:

Getinge AB
Par Pharmaceutical
Abbott
Viatris Inc.
Hoffman-La Roche Ltd
Bayer AG
Terumo Corporation
Medtronic
AbioMed
Astrazeneca

By Treatment Type:

In-Vitro Test Kits
Drugs
Devices

By End-User:

Cardiac Catheterization Labs
Hospitals
Ambulatory Surgical Centres
Others

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This release was published on openPR.