Cardiac Care Medical Equipments Market
is anticipated to grow significantly in the forecast period due to increase in
number of cardiovascular disorders and rise in geriatric population. Cardiac
care medical equipment are the healthcare devices that diagnose, treat and
monitor heart abnormalities. They range from small, implantable, to larger
external devices for diagnosis and treatment. Cardiac care medical equipment
are categorized into diagnostic, monitoring and surgical devices.
Reasons for the growth of cardiac care medical equipments
market include increase in number of cardiovascular patients, increasing
healthcare expenditure, supportive government policies like reimbursement
coverage, growing use of minimally or non-invasive devices on the global scale,
and improving healthcare infrastructure. Additionally, rising use of robotic
systems for cardiovascular treatments that increases the demand for cardio care
medical equipment and increasing focus of governments on restricting hospital
admissions to reduce HAIs (hospital acquired infections) by imposing penalties
on them are propelling the market growth. However, cardiac care medical
equipment market is hampered by lack of skilled professionals to perform
cardiovascular surgeries with enhanced devices.
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Cardiac care medical equipment market is categorized based
on type, product, end user, and geography. Based on type, market is divided
into cardiac prosthetic devices, cardiac rhythm management devices,
electrophysiology, cardiac monitoring and diagnostic devices, interventional
cardiac medical devices, and peripheral vascular devices.
Based on product, cardiac care medical equipment market is
bifurcated into defibrillators, catheters, holter monitors, ECG
(electrocardiogram), implantable loop recorders, event monitors, pacemakers,
MRI, stents, echocardiogram, PET scans, doppler fetal monitors, cardiac CT, and
others. ECG (electrocardiogram), MRI, cardiac CT, event monitors, implantable
loop recorders, PET scans, echocardiogram, holter monitors, and doppler fetal
monitors are expected to lead the market due to compact designs, portability,
and high adoption by hospitals on the global scale. Furthermore, devices like
stents account for larger share of the market due to increase in demand for
minimally invasive devices.
Geographically, market is segmented as North America, Latin
America, Europe, Asia Pacific, and Middle East & Africa. North America is
predicted to dominate the market owing to the factors like increasing adoption
of technologically advanced medical equipment, high adoption of home healthcare
equipment due to government regulations. Asia Pacific is also expected to
contribute significantly due to increasing geriatric population and rise in
number of cardiovascular devices.
The key players in cardiac care medical equipments market
include St. Jude Medical, Abbott, Cook Medical, Johnson & Johnson, CR Bard,
Medtronic, Terumo Cardiovascular Systems Corporation, Biotronik, Liva Nova,
Cardinal Health Inc, Boston Scientific Corporation, and Becton Dickson Company
among others.
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