Cardiac Care Medical Equipment Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Medtronic plc (NYSE :MDT), Abbott Laboratories (NYSE :ABT),

The global Cardiac Care Medical Equipment market was valued at 26250 million in 2022 and is projected to reach US$ 33170 million by 2027, at a CAGR of 6.0% during the forecast period 2022-2027.

Cardiac Care Medical Equipment Market Overview

Cardiac care medical equipment is used for diagnostics, treatment, and monitoring the abnormalities of the heart. One of the leading causes of death in the world is cardiovascular diseases (CVD), which accounted for 21 million deaths in the year 2018 which was 35% of total deaths across the world. The pervasiveness of CVD and an increase in the number of elderly patients are driving the growth of the market of the cardiac care equipment market. Other factors contributing to the growth of the market are favorable reimbursement policies, the global priority of using minimal or non-hostile devices, increase in the expenditure for healthcare.

The research reflects the current global economic landscape as well as the significant state of the healthcare business. A significant increase in global demand for healthcare services, rising cases of SARS-CoV-2 infection, increased pharmaceutical research and development operations, and new medication pipelines are among the primary drivers that have fueled recent expansion in the global pharmaceutical and healthcare industries.

In addition, the use of robots during surgeries for CVD has also raised the demand for the cardiac care equipment market. However, on the downside, a lack of skilled professionals to perform CVD surgeries with the use of advanced devices may hinder the growth of the market. Hospitals across the world are a most contributing element in the growth of the market with 70% of the market in 2016. North America is anticipated to lead the market due to high money invested in the healthcare sector and more adoption of technologically advanced equipment. Due to an already existing patient pool and ever-developing healthcare infrastructure, APAC is also expected to show a lot of growth.

Who are the Major Players in Cardiac Care Medical Equipment market?

Top Key players in the Cardiac Care Medical Equipment market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Cardiac Care Medical Equipment market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Medtronic plc (NYSE :MDT), Abbott Laboratories (NYSE :ABT), Boston Scientific, GE Healthcare, Philips Healthcare, Biotronik, Inc., Thoratec Corporation, LivaNova (Sorin)

Industry News:

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  Medtronic Collaboration with Mpirik to Address Disparities in Care Associated with Sudden Cardiac Arrest

  
  
  
  
  
  • DUBLIN,  2021 - Medtronic plc (NYSE: MDT), the global leader in medical technology, today announced a pilot program with Mpirik to address disparities in care associated with the prevention of sudden cardiac arrest (SCA), a condition in which the heart suddenly and unexpectedly stops beating. SCA is caused by a disturbance in the heart's electrical system and can be deadly if not treated by defibrillation within minutes. Globally, cardiac arrest claims more lives than colorectal cancer, breast cancer, prostate cancer, influenza, pneumonia, auto accidents, HIV, firearms, and house fires combined.
  
  
  
  

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  Medtronic launches world's smallest pacemaker to treat heart block

  
  
  
  
  
  • Mumbai, India: India Medtronic Private Limited today announced the launch of Micra AV - a miniaturized, fully self-contained pacemaker that delivers advanced pacing technology to atrioventricular (AV) block patients via a minimally invasive approach. The device is the first pacemaker that can sense atrial activity without a lead or device in the upper chamber of the heart. According to a press release the Micra AV pacemaker is a device that is 93 percent smaller than conventional pacemakers helps in -- Bradycardia a condition characterized by a slow or irregular heart rhythm, usually fewer than 60 beats per minute (normal heart rate is 60 – 100 bpm). At this rate, the heart is unable to pump enough oxygen-rich blood to the body during normal activity or exercise, causing dizziness, fatigue, shortness of breath, or fainting spells.
  
  
  
  

What are the major Applications, Types, and Regions of the Cardiac Care Medical Equipment Market?

Cardiac Care Medical Equipment Market is segmented based on the type, applications, companies, and regions.

By Type, Cardiac Care Medical Equipment Market has been segmented into 

• Hospital


• Clinic


• Others

The end user’s industry application in Cardiac Care Medical Equipment Market is

• Intra-aortic Balloon Pump


• Cardiopulmonary Bypass Pumps


• Cardiac Ultrasound Devices


• CRM Device


• External Defibrillators


• Others

Regional Analysis:

The report offers an in-depth assessment of the growth and other aspects of the Cardiac Care Medical Equipment Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.

 Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

What is our Cardiac Care Medical Equipment Market report scope?

Key Takeaways from this Cardiac Care Medical Equipment Report

• Evaluate Cardiac Care Medical Equipment market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Cardiac Care Medical Equipment market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Frequently Asked Questions

What is the study period of this market?

The Cardiac Care Medical Equipment Market is studied from 2017 - 2027.

Who are the key players in Cardiac Care Medical Equipment Market?

Medtronic plc (NYSE :MDT), Abbott Laboratories (NYSE :ABT), Boston Scientific, GE Healthcare, Philips Healthcare, Biotronik, Inc., Thoratec Corporation, LivaNova (Sorin), Cardiac Science, Teleflex, Getinge (Maquet), Berlin Heart and others.

What are the significant types of Cardiac Care Medical Equipment Market?

Hospital, Clinic, Others,

What are the major end-use applications of Cardiac Care Medical Equipment Market?

Intra-aortic Balloon Pump, Cardiopulmonary Bypass Pumps, Cardiac Ultrasound Devices, CRM Device, External Defibrillators, Others, Others

What segments are covered in the Cardiac Care Medical Equipment Market report?

The Global Cardiac Care Medical Equipment Market is Segmented on the basic of Product, Application, and Geography.

How can I get a sample report/company profile for the Cardiac Care Medical Equipment Market?

The sample report for the Cardiac Care Medical Equipment Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.