Cardiac Monitoring Devices Market Expected to Witness a Sustainable Growth Research Report by Key Players Analysis
The Cardiac Monitoring Devices market size is estimated to reach USD 79.50 Billion by 2028, registering a CAGR of 6.8% during the forecast period, according to a new report by Reports and Data. Major factors driving market revenue growth rising global burden of various coronary heart diseases, such as stroke and cardiomyopathy, which cause a global burden of cardiac deaths. Stroke, hypertensive heart disease, rheumatic heart failure, heart arrhythmia, and congenital heart disease are among the most common cardiovascular ailments. A Cardiac Monitoring Devices is an instrument designed to aid in the prevention, treatment, and relief of cardiovascular disease. It can be a gadget for disease monitoring and diagnostics as well as surgical intervention in disease therapy.
The market for these medical devices is fueled by the
high prevalence of cardiovascular disease caused by bad lifestyle choices such
as smoking, alcohol consumption, and hypertension, as well as a big senior
population. Advances in science and technology have resulted in the development
of minimally invasive treatment procedures for the condition, as well as
increased public knowledge of treatment options. The growth curve has been
moulded by appropriate medical reforms, as well as the appropriate
cost-effective therapies helped by coverage and reimbursements. The market has
also been boosted by strategic acquisitions and mergers, as well as primary
product introductions. However, exorbitant gadget maintenance costs and a
scarcity of experienced workers have become major roadblocks to the business.
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Competitive
Landscape:
The report also covers SWOT examination and Porter’s
Five Forces analysis to offer details about leading players. The key players in
the market are focusing on developing new strategies such as mergers and
acquisition, joint ventures, new product launches, agreements, and partnerships
to retain their market position and expand their product base.
Leading
companies operating in the market and profiled in the report include:
· Terumo
Corporation
· Stryker
Corporation
· Abbott
Laboratories
· General
Electric Company
· Boston
Scientific Corporation
· Edwards
Lifesciences Corporation
· and
W.L. Gore & Associates
· Getinge
Group
· Becton
Dickinson and Company
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Some Key Highlights From the Report:
- Product
type segments include diagnostic and monitoring devices and surgical
devices. Among these, the diagnostic and monitoring devices
segment accounted for largest revenue share in 2020 due to compact design,
ease of operation and data storage capabilities of these
devices.
- On
the basis of application, the market report is segmented
into coronary heart disease, sudden cardiac arrest, stroke,
cerebrovascular heart disease and others. Among
these, the coronary heart disease segment is expected to
register a significantly rapid revenue CAGR during the forecast
period.
- On
the basis of end-use, the market report is segmented
into hospitals, cardiac diagnostic centres, ambulatory surgical
centres. The cardiac diagnostic centres segment is expected to
register largest revenue share over the forecast period
due to availability of advanced healthcare services
and treatments, equipment, and surgical devices and tools. They are
also more economical than hospitals.
- Asia
Pacific Cardiac Monitoring Devices market is expected
to register fastest revenue growth rate over the
forecast period due to large-scale adoption of advanced
cardiovascular equipment, solutions, software, as well as need for Cardiac
Monitoring Devices implementation with rising cases of cardiovascular
diseases in countries in the region.
- Revenue
from Europe Cardiac Monitoring Devices
market is projected to account for
a significantly larger revenue share over the forecast
period. This can be attributed to rapid technological
advancements in Cardiac Monitoring Devices, rising incidence
of coronary diseases, and increasing geriatric
population in countries in the region.
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Segments covered in the report:
This report forecasts revenue growth at a global,
regional & country level, and provides an analysis of market trends in each
of the sub-segments from 2018 to 2028. For the purpose of this study, Reports and
Data has segmented the Cardiac Monitoring Devices market based on product type,
end use and region.
Product Type Outlook (Revenue,
USD Billion; 2020 – 2028)
- Diagnostic
and monitoring devices
- Electro
cardiogram(ECG)
- Echo
cardiogram
- Holter
monitors
- Event
Monitors
- PET
scans
- MRI
scans
- Cardiac
CT
- Surgical
Devices
- Pacemakers
- Stents
- Catheters
- Guidewire
- Electrosurgical
Procedures
- Valves
- Occlusion
Devices
Application Outlook (Revenue,
USD Billion; 2020 – 2028)
- Coronary
Heart Disease
- Sudden
Cardiac Arrest
- Stroke
- Cerebrovascular
Heart Disease
- Others
End Use Outlook (Revenue,
USD Billion; 2020 – 2028)
- Hospitals
- Cardiac
Diagnostic Centres
- Ambulatory
Surgical Centres
Regional Outlook (Revenue, USD Billion;
2020 – 2028)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
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TOC of this Report @ https://www.reportsanddata.com/report-detail/cardiovascular-devices-market/toc
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