Integrated cardiology devices are equipment in which surgeons perform critical cardiac surgeries using multiple devices. Integrated cardiology devices are the future devices for human circulatory system. These modern devices are used for early diagnosis and better treatment of diseases. During last few years, sheer growth is observed in integrated cardiology devices due to increase in heart related problems. In recent times this is the most promising market. According to WHO 30% of the deaths caused globally is due to heart diseases and there were an estimated 17.5 million deaths from cardiovascular diseases worldwide in 2015 alone and the cost of readmissions for cardiovascular diseases is extremely high. The Integrated Cardiology Devices Market also favors small innovative players with proprietary novel technologies and strong intellectual property rights. The Global Integrated Cardiology Devices Market is expected to grow at a CAGR of 12.4% during forecasted period 2017-2023.
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The real main impetuses are expanding commonness of cardiovascular sicknesses, developing appropriation rates of insignificantly intrusive surgeries and innovative advances presented in this field. Moreover, the strength of heart related sicknesses are expanding because of unfortunate way of life propensities, for instance absence of physical exercises, high tobacco admission, and utilization of liquor. Moreover innovative headways, for example, scaling down, expanding viability and effectiveness of gadgets is a noteworthy driving variable. Hence a solid administrative condition and development nature is fundamental which will bring about more noteworthy speculation and prompt a solid future market.
Absence of learning among individuals and costly treatment are the variables which limited the development of the market. The absence of foundation and forte healing centers in the creating and poor districts of the world is another ruining factor for the market.
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.
The Americas accounts for a significant market share owing to high expenditure on the health care especially of the U.S. and Canada. Additionally, the greater number of cardiac surgeries procedures due to greater healthcare penetration in the U.S. and Canada drives the Integrated Cardiology Devices Industry. The high concentration of the major hospitals in the developed countries of this region coupled with good reimbursement rates is adding fuel to the market growth. Moreover, the large share of cardiology devices and surgeries in the returns of hospitals favors the market. The large number of medical devices companies in the U.S. is also a cause for the faster development of integrated cardiology devices market in the US.
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Europe is the second largest market in the world due to growing medical devices industry and healthcare penetration. The European market growth is led by countries such as Germany and France. Germany is expected to be the fastest growing market over the assessment period due to its large medical devices industry.
Asia Pacific region is expected to grow rapidly; China and India are likely to lead this market due to fast growing healthcare sector and large unmet needs over the forecast period. South East Asian countries such as China, India, and Malaysia are projected to contribute highly to the market growth. The growing penetration of healthcare industry in the Asia Pacific region is expected to drive the future integrated cardiology devices market in the region.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. Other Middle East nations to watch out for are Kuwait, Jordan, Egypt and Iran. The African region is expected to witness a poor growth owing to poor economic and political conditions, and poor healthcare development. Other regions are expected to be laggards due to poor social development and tribal identities such as sub Saharan Africa.
- Report Prologue
- Market Introduction
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Integrated Cardiology Devices Market, By procedure
- Global Integrated Cardiology Devices Market, By device type
- Global Integrated Cardiology Devices market by Applications
- Global Integrated Cardiology Devices market by end user
- Global Integrated Cardiology Devices market by region
- Competitive Landscape
- Company Profile
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