Cardiac Equipment Market Size, Share, Competitive Landscape and Trend Analysis

According to a new report published by Allied Market Research, Cardiac Equipment Market According to World Organization (WHO) estimate, about 17.5 million people died from cardiovascular diseases in 2012, accounting for 31% of all global deaths. Around one third of CVD deaths take place in the low and middle income countries. By the year 2030, more than 23 million people are likely to die annually from cardiovascular diseases.

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The global cardiac equipment market is segmented on the basis of type and geography. On the basis of type, the market is segmented into, Balloon pumps, Cardiopulmonary bypass pumps, Cardiac ultrasound devices, Implantable Cardioverter Defibrillator (ICD), Cardiac Resynchronization Therapy (CRT) Devices such as CRT Pacemaker (CRT-P) and CRT Defibrillator (CRT-D), Defibrillators Pacemakers, Ventricular assist devices and others such as Total Artificial Heart and Counter pulsation Devices. Geographically, the market is segmented across four regions namely North America, Europe, Asia Pacific, and LAMEA.

Key Takeaways:

Technological Advancements: Continuous innovations in cardiac equipment, including advanced imaging technologies, wearable devices, and minimally invasive surgical tools, are enhancing diagnostic accuracy and treatment precision.

Growing Prevalence of Cardiovascular Diseases: The increasing incidence of cardiovascular diseases worldwide is a key driver for the growth of the cardiac equipment market, necessitating advanced and efficient diagnostic and therapeutic solutions.

Rise of Remote Monitoring: The integration of telemedicine and remote monitoring capabilities in cardiac equipment allows for continuous patient monitoring, timely intervention, and improved management of chronic cardiovascular conditions.

Expanding Application of Cardiovascular Implants: The market is witnessing a surge in demand for cardiovascular implants such as stents, valves, and pacemakers, driven by the aging population and the rising prevalence of heart-related disorders.

Emphasis on Preventive Healthcare: Increasing awareness and a shift towards preventive healthcare are influencing the demand for cardiac equipment, including portable monitoring devices and home-based diagnostic tools for early detection and intervention.

Cardiac Resynchronization Therapy (CRT): The adoption of CRT devices, including pacemakers and defibrillators, is on the rise, offering synchronized pacing to improve heart function and quality of life for patients with heart failure.

Integration of Artificial Intelligence (AI): AI is playing a significant role in cardiac diagnostics, aiding in image analysis, risk prediction, and personalized treatment plans, thereby contributing to more efficient and accurate patient care.

Focus on Minimally Invasive Procedures: The trend towards minimally invasive cardiac procedures is gaining momentum, reducing recovery times, minimizing patient discomfort, and contributing to overall healthcare cost-effectiveness.

Global Collaborations and Partnerships: Collaborations between healthcare providers, research institutions, and industry players are fostering research and development initiatives, contributing to the continuous evolution of cardiac equipment technologies.

Patient-Centric Approach: There is a growing emphasis on patient-centric care in the design and development of cardiac equipment, ensuring ease of use, comfort, and improved patient outcomes.

Key Benefits :

Comprehensive analysis of factors that drive and restrict the growth of the global market is provided

The market estimations are made in the report by conducting high-end analysis of the key market segments for the period which would enable the stakeholders to capitalize on prevailing market opportunities

Exhaustive analysis of the global cardiac equipment market, by type, helps in understanding the types of cardiac devices that are currently used along with the variants that would gain prominence in future

SWOT analysis enables to study the internal environment of the leading companies for strategy formulation

Region-wise market conditions are comprehensively analyzed in the report

Competitive intelligence highlights the business practices followed by leading market players across the geographies

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Competitive Landscape:

St. Jude Medical, Inc.

B. Braun Melsungen AG

Hill-Rom Holdings, Inc

Boston Scientific Corporation

Philips Healthcare

Medtronic plc

Siemens Healthineers

GE Healthcare

Panasonic Corporation

Abbott Laboratories

Market Segments:
By Type :

Balloon pumps

Cardiopulmonary bypass pumps

Cardiac ultrasound devices

CRT Pacemaker (CRT-P)

CRT Defibrillator (CRT-D)

Defibrillators

Pacemakers

Ventricular assist devices


Market By Geography:

North America

Europe

Asia-Pacific

LAMEA

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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