02-Aug-2022 | Facts and Factors
According to Facts and Factors, the global Cardiac Care Medical Equipments market size was worth around USD 24,819.50 million in 2021 and is estimated to grow to about USD 35,406.69 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.10% over the forecast period. The report analyzes the Cardiac Care Medical Equipments Market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Cardiac Care Medical Equipments Market.
Globally, cardiac illnesses are the leading cause of death. More individuals die from heart-related illnesses and disorders than from any other illnesses or diseases. Coronary heart disease, cerebrovascular illness, rheumatic heart disease, congenital heart disease, peripheral arterial disease, deep vein thrombosis, and pulmonary embolism are several types of cardiac diseases. Poor food, tobacco use, physical inactivity, alcohol misuse, and ageing are the main causes of cardiac-related illnesses. The global market for cardiac care medical equipment is expanding as a result of reasons, including the rising frequency of heart illnesses, afflictions, and diseases, unhealthy lifestyles, and an increasing geriatric population. Owing to the rise in demand for Cardiac Care Medical Equipments, the Global Cardiac Care Medical EquipmentsMarketis estimated to grow at a CAGR of 6.10% during the forecast period.
Browse the full “ Cardiac Care Medical Equipments Market Size, Share, Growth Analysis Report By Type (Cardiac Rhythm Management Devices, Cardiac Prosthetic Devices, Peripheral Vascular Devices, Electrophysiology, Interventional Cardiac Medical Devices and Cardiac Monitoring and Diagnostic Devices), By Product (Holter Monitors, Catheters, Defibrillators, ECG and Others), By Application (Hospitals, Clinics and Others), By Sales Channel (Direct Channel and Distribution Channel), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/cardiac-care-medical-equipments-market
Hospitals are promoting home healthcare systems and remote patient monitoring systems due to several regulatory constraints and patient requirements, which is projected to fuel the market growth for cardiac care medical equipment. This sector has expanded thanks to the much lower cost of important cardiovascular treatment devices like coronary stents, particularly in developing nations like India. As the demand for these devices is projected to continue expanding strongly, key market participants should participate heavily in R&D projects. It is predicted that this would lead to the release of innovative products that will improve the condition of cardiac patients. High maintenance costs and stringent regulatory product clearance procedures are some factors limiting the growth of the cardiac care medical equipment market
Segmental Overview
The Global Cardiac Care Medical EquipmentsMarket is segregated based on type, product, application, sales channel, and region.
Based on type, the market is categorized into Cardiac rhythm management devices, Cardiac prosthetic devices, Peripheral vascular devices, Electrophysiology, Interventional cardiac medical devices and Cardiac monitoring and diagnostic devices. Among these, the Cardiac monitoring and diagnostic devices segment will dominate the market in 2021. Based on product, the market is classified into Holter Monitors, Catheters, Defibrillators, ECG and Others.
Over the forecast period, the ECG segment is expected to develop at the fastest rate in 2021. Based on application, the market is classified into Hospitals, Clinics and Others. The hospital segment will dominate the market in 2021. Finally, based on sales channels, the market is classified into Direct channels and Distribution channels. Over the forecast period, the direct channels segment is expected to develop at the fastest rate in 2021.
Regional Overview
North America will dominate the Global cardiac Care Medical EquipmentsMarket in 2021. The adoption of home healthcare equipment as a result of government laws has caused hospitals to accept readmissions due to rising knowledge and high adoption of sophisticated cardiac surgery treatments, which is projected to drive the need for cardiac care medical equipment devices. In 2021, the Asia Pacific Cardiac Care Medical Equipments Market was expected to be the fastest-growing regional market.
According to estimates, China has the most senior citizens. This has a favorable effect on the growth of the cardiac care medical equipment market by increasing the prevalence of heart disease in the area. Due to significant measures being taken in the healthcare sector by various governments, Asia Pacific is anticipated to be one of the markets with the fastest growth.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 24,819.50 Million |
Projected Market Size in 2028 |
USD 35,406.69 Million |
CAGR Growth Rate |
6.10% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Teleflex, Getinge, Berlin Heart, Boston Scientific, Medtronic, LivaNova, Cardiac Science, GE Healthcare, Philips Healthcare, Biotronik Inc., St. Jude Medical, Thoratec Corporation, Abbott, and Others |
Key Segment |
By Type, Product, Application, Sales Channel, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
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.
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 and Abbott.
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
By Sales Channel
- Direct Channel
- Distribution Channel
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- 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
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