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 Analysis
On 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 integrated cardiology device market 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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The balloon catheter market is expected to expand at CAGR of 3.8 % in terms of value through the forecast period (2016-2026).
Hospitals and health centres contribute for the maximum share.
North America dominates the market and is expected to witness growth in terms of revenue share.
Due to changing population scenario in India and China, APEJ region will account for almost 20.8% revenue share by 2026.“Rising disposable income, higher standards of living, improving economic conditions and favourable reimbursement policies by the government will expand the growth of balloon catheter and regions like Latin America and North America will witness proper growth, boosting the use globally,” states the FMI Analyst.Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-1916Balloon Catheter Market – Important HighlightsIndia and China exhibits a lucrative opportunity for Balloon Catheter with APEJ accounting for 20.8% revenue share through 2026.On the basis of application, ambulatory surgical centres segment is expected to expand at a CAGR of 2.7% in terms of value over the forecast period.A noticeable demand will be seen for drug eluting balloon catheters, expanding the CAGR by 20.0% through 2026.Coronary Artery Disease segment dominates the market in terms of value.Balloon Catheter Market – Critical FactorsUse of balloon catheter is largely noticed in health care industries for treating cardiovascular diseases and in cardiac intervention processes.Owing to the rising awareness on health and due to the increasing number of patients getting renal replacement therapy, consumers are shifting towards better procedures like Balloon Catheter.Improving economic conditions and positive changes noticed in reimbursement policies is somewhat boosting the demand.Balloon Catheter finds innumerable use in coronary angioplasty, renal diseases and cardiac diseases.Balloon Catheter Market – Key RestraintsDue to intensive competition and dependency, new industries find difficult to mark a place in health care industries as it is not safe to rely on newly launched brands.Coronary angioplasty and stenting treatment is very costly, thereby restricting the market growth.For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-1916Expected Impact on Market by Coronavirus OutbreakThe pandemic has affected every small and big industry in terms of profit or production.
This particular sector has not experienced much of a loss because health issues and cardiac diseases are sudden misfortunes and 2020 has seen much of it.
Though people are shifting towards a better and safe lifestyle yet huge number of positive cases across India and USA has only caused entire economy to droop down sharply.Competition LandscapeNorth America is expected to witness a considerable amount of growth, presenting ample opportunities.
Mitral Valve Stenosis Market Research Report: By Diagnostic Test (Electrocardiogram, Transthoracic Echocardiogram, Cardiac Catheterization), by Treatment (Medication, Procedure), by End User (Hospital, Diagnostic Centers) - Global Forecast till 2023Market HighlightsThe global mitral stenosis market is anticipated to grow significantly over the forecast period 2018 to 2023.
Scarring caused by rheumatic fever is considered to be the major cause of mitral valve stenosis.
The growing prevalence of heart diseases, increasing occurrences of rheumatic fever, technological advancements coupled with the introduction of novel mitral valves are anticipated to boost the growth of the market during the assessment period.
According to a study by researchers at the Stanford University School of Medicine in 2017, it was found that more than 50,000 people in the United States undergo either aortic- or mitral valve replacement surgery each year.
On the other hand, the stringent government regulation for drug and medical device approval and the high cost of mitral valve surgeries may hamper the growth of the market.Intended AudiencePharmaceutical CompaniesMedical Device ManufacturersResearch and Development (R) CompaniesDiagnostic LaboratoriesGovernment Research InstituteAcademic Institutes and UniversitiesAvail a Free Sample@ https://www.marketresearchfuture.com/sample_request/6560Regional AnalysisThe market in the Americas is expected to dominate the global mitral valve stenosis market.
The market growth in this region is majorly attributed to the presence of well-established healthcare sector, rising prevalence of cardiac diseases, increasing preference for minimally invasive surgeries, and growing healthcare expenditure.
This procedure is carried out before surgical procedures such as coronary angioplasty.The global coronary angiography market share is driven by growing prevalence of cardiovascular diseases, increasing geriatric population, and benefits of the procedure for early diagnosis.
In addition to these, 43.7 million were estimated to be 60 or above years of age.
For instance, in 2016, Siemens Healthineers launched innovative robot-supported Artis phenol angiography system.However, limitations in reimbursement policies and changing government regulations restrain the market growth.
Factors such as the rising prevalence of coronary heart disease and presence of a well-developed healthcare sector within the region drive the market growth during the forecast period.
This can be attributed to the increasing availability of funds for research, a huge patient population with cardiac diseases and a well-developed healthcare sector within Europe.
On the other hand, the Middle East & Africa has the least share in the global market due to the low per capita healthcare expenditure and stringent government policies, especially within the Africa region.
