Global Integrated Cardiology Devices Market 2020 - Investment Strategy, Outlook And Key Development Till 2023

Market Overview

Global integrated cardiology device market is expecting enormous growth in coming future. Increasing prevalence of cardiovascular diseases, and growing adoption rates of minimally invasive surgeries and technological advances introduced in this field. Presently 30% of diseases occurring worldwide are cardiac diseases. There are various types of integrated cardiac devices such as Cardiology EMR Software, EHR (Electronic health record), FFR (fractional flow reserve), Optical Coherence Tomography and others which are advanced and most effective in treatment of cardiac diseases. High cost of the devices is mainly causing hindrance to the growth of this market.

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Expensive devices are the one of the major restraint for the growth of this market and so is the lack of infrastructure especially in the developing economies.

Segmentation

The global integrated cardiology devices market is segmented on the basis of types, applications and end users.

Based on types, the market is segmented as Cardiology EMR Software, EHR (Electronic health record), FFR (fractional flow reserve), Optical Coherence Tomography, others.

On the basis of application, they are segmented sudden cardiac arrest, internal monitoring, Cardiac resynchronization therapy, Cardiothoracic surgery, others. Cardiac Resynchronization Therapy (CRT) is an effective therapy in heart failure.

On the basis of end users, the market is segmented into catheterization laboratories, Hospitals and others.

Regional AnalysisOn regional basis, integrated cardiology devices market is segmented into America, Europe, Asia pacific, Middle East and Africa. For integrated cardiology the market is growing globally, where America accounts for the maximum share due to increasing prevalence of cardiac diseases. According to America’s Center disease control and prevention around 610,000 people die of cardiac diseases that’s 1 in every 4 deaths. Besides increasing expenditure in healthcare and well developed healthcare sector has also driven the growth of the market.

Europe commands for the second leading market which is followed by Asia pacific. Europe has always maintained a strong and well-developed infrastructure, due to increasing cardio-logical problems and eagerness to solve them by using integrated cardiology device market has driven this market in Europe. During the forecasted period, Asia Pacific is expecting fast growth. There are several factors leading to the growth for integrated cardiology devices such government initiation to improve public health and adoption of new therapies. Patients from well-developed nation come to Asian countries like India to get affordable treatments and this factor is forcing the growth of the market. Middle East & Africa showing slow but steady growth in the market due to inadequate development in medical sector and less health care expenditure.

The major key players in global integrated cardiology devices market are Medtronic (US), Boston Scientific Corporation (US), Medtronic (US), Jude Medical (US), Edwards Lifesciences Corporation (US), Abbott Laboratories (US), Johnson and Johnson (US), Getinge (Sweden), Terumo Corporation (Japan), Lepumedical (Bejing), Acrostak (Switzerland), Koninklijke Philips N.V. (Netherlands), Athenahealth, Inc. (U.S),others.

Key Players

Medtronic (US), Boston Scientific Corporation (US), Jude Medical (US), Edwards Lifesciences Corporation (US), Abbott Laboratories (US), Johnson and Johnson (US), Getinge (Sweden), Terumo Corporation (Japan), Lepumedical (Bejing), Acrostak (Switzerland), Koninklijke Philips N.V. (Netherlands), Athenahealth, Inc. (U.S),others.

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