Cardiac Equipment Market Scope
The growing geriatric population worldwide is fueling the number of cases diagnosed with heart disorders due to the high susceptibility of this population pool to developing cardiac diseases which is boosting the demand for cardiac equipment . Moreover, the government is imposing penalties on hospitals and healthcare facilities to limit patient readmissions in the U.S. As a result, hospitals are promoting home healthcare and remote patient monitoring services, hence triggering the demand for cardiac equipment. On the other hand, factors such as high device maintenance costs coupled with stringent regulatory product approval procedures are hindering the growth of the global cardiac equipment vertical.
The market is witnessing strong growth market players, by looking at the rapid growth in this market the market-leading players are highly focusing on production technologies, efficiency enhancement, and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cardiac Equipment market throughout the predicted period.
Medtronic(Ireland), Boston Scientific Corporation (United States), Jude Medical (United States), Thoratec Corporation (United States), HeartWare (United States), SynCardia Systems (United States), Vasomedical (United States), Sorin Group (LivaNova) (Germany), Biotronik (Germany) and Berlin Heart (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Cardiac Equipment market by Type (Balloon Pumps, Cardiopulmonary Bypass Pumps, Cardiac Ultrasound Devices (Implantable Cardioverter Defibrillator (ICD) , Cardiac Resynchronization Therapy (CRT) Devices), CRT Pacemaker (CRT-P), CRT Defibrillator (CRT-D), Defibrillators, Pacemakers, Ventricular Assist Devices and Others (Total Artificial Heart, Counterpulsation Devices)), by Application (Hospital, Cardiac Clinics and Ambulatory Surgical Centers) and Region with country level break-up.
On the basis of geography, the market of Cardiac Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
The Introduction of 3D and 4D Technology in Cardiac Equipment
Market Growth Drivers:
Rising Geriatric Population, Higher Incidence of Coronary Artery Diseases, Stroke, Heart Failure, Hypertension and Diabetes. and Incresing Prevalence of Cardiovascular Diseases
Challenges:
High Cost of Production
Restraints:
Stringent Government Regulations for Product Approval Procedures
Opportunities:
Growth Potential Offered By Emerging Markets and Surgical Healthcare Spendings on Healthcare Technology
Key Target Audience
Cardiac Equipment Manufacturers, Cardiac Equipment International Traders, Cardiac Equipment Distributors and Suppliers, Research and Development Institutes, Potential Investors, Industry Association, Hospitals, Regulatory Bodies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.