According
to MRFR, Global Cardiovascular
Application Market Growth: Information by Device (Cardiac Monitors, Cardiac
Pacemakers And Cardiac Defibrillators), End User (Hospitals, Cardiac Care
Centers, Ambulatory Centers & Home Care and Academic Centers) and Region
(Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast
till 2023
Market
Synopsis:
As per Market Research
Future (MRFR)’s assessment, the global cardiovascular
applications market is set to strike a CAGR of 7.24% during
the forecast period 2017 to 2023. Its valuation has been estimated to reach USD
36730.5 Mn mark towards the end of 2023. In the U.S., one out of every four
deaths was caused due to heart ailment in 2015 according to the Centers for
Disease Control & Prevention. Every corner of the world is largely affected
by the burden of cardiovascular diseases. This, in turn, has opened new avenues
of growth opportunities to capitalize on for the key players and researchers.
A major proportion of
global healthcare expenditure is attributed to the large-scale presence of
heart diseases. The rise in these expenditures is directly proportional to the
growth of the cardiovascular application market. In addition, the population of
people over the age group of 50 years is the most vulnerable to CVDs. According
to published statistics by the World Health Organization (WHO), the population
of older adults is projected to get doubled between 2015 and 2050. It is
anticipated to intensify the growth rate of the cardiovascular application
market in the foreseeable future.
Rapid urbanization and
modernization have led to a major increase in the working class population. The
changing lifestyle and food habits have further contributed to the expansion of
the prevalence of these diseases across the world. It has necessitated the
development of drugs and treatments for early, more precise and highly
effective diagnosis. This, in turn, is presumed to augment the global
cardiovascular application market across the review period.
Market Segmentation:
By
devices, the global cardiovascular application market has been segmented into
cardiac pacemaker, monitors, defibrillators, and others. The monitors segment
has been further sub-segmented into resting ECG, holter monitors, ECG monitors,
implantable loop recorder, and others. The cardiac pacemaker segment is
sub-segmented into implantable cardiac pacemaker, and external cardiac
pacemaker. The cardiac defibrillator is further sub-segmented into implantable
cardioverter defibrillator, and external defibrillator.
By
end users, the cardiovascular application market is segmented into cardiac care
centers, academic institutes, ambulatory centers & home care, and others.
Regional Analysis:
The global cardiovascular
application market, by region, has been segmented into Americas, Europe, Asia
Pacific, and the Middle East & Africa. Americas, owing to the presence of
the U.S. and Canada, has witnessed the early adoption of tech-driven changes in
the market. The region is also bestowed with a high population of patients
suffering from CVDs or other ailments that cause CVDs. The strong economic
growth rate of the region has been influencing the growth of the cardiovascular
application market positively owing to high demand for diagnosis. It is
expected to secure the pole position in the global market over the assessment
period.
Europe trails Americas in
terms of market size. The region signifies promising opportunities for the
development of the cardiovascular application market. The support extended by
its government for the development as well as the adoption of advanced cardiovascular
devices is likely to motivate the expansion of the regional market.
Asia Pacific exhibits high
demand for cardiovascular applications. The exponential population of aging
people is poised to boost the growth trajectory of the market further. It is estimated
to strike the highest CAGR through the projection period.
Competitive Dashboard:
General Electric Company,
Koninklijke Philips N.V, Abbott, and Medtronic are the prominent players
operating in the cardiovascular application market. Other key players profiled
in the report are Boston Scientific Corporation (U.S.), Terumo (Japan), Edwards
Lifesciences (U.S.), Stryker Corporation (U.S.), Allergan Inc. (U.S.), CR Bard
Inc. (U.S.), Sonova Holdings (Switzerland), Smith & Nephew plc (U.K), and
Dragerwerk AG & Co. KGa (Germany)
Industry News:
In January 2019, Imec,
Medtronic, Ghent University, and seven other partners of the Horizon 2020
CARDIS project have announced the development of a photonics-based medical
device which is useful in the easy identification of cardiovascular diseases
(CVD) by screening arterial stiffness.
In January 2019,
Ireland-based Medtronic has announced the launch of the first mobile
application which can communicate directly with smartphone-connected
pacemakers.
TABLE 1 PRIMARY INTERVIEWS
20
TABLE 2 GLOBAL
CARDIOVASCULAR APPLICATION MARKET BY DEVICE, 2014 TO 2023 (USD MILLION) 35
TABLE 3 GLOBAL
CARDIOVASCULAR APPLICATION MARKET FOR CARDIAC MONITORS BY REGION,
2014 TO 2023 (USD MILLION)
36
TABLE 4 GLOBAL CARDIAC
MONITORS MARKET BY TYPE, 2014 TO 2023 (USD MILLION) 36
TABLE 5 GLOBAL
CARDIOVASCULAR APPLICATION MARKET FOR CARDIAC MONITORS BY REGION,
2014 TO 2023 (USD MILLION)
37
TABLE 6 GLOBAL CARDIAC
PACEMAKERS MARKET BY TYPE, 2014 TO 2023 (USD MILLION) 37
TABLE 7 GLOBAL IMPLANTABLE CARDIAC
PACEMAKER MARKET BY TECHNOLOGY, 2014 TO 2023 (USD MILLION) 38
TABLE 8 GLOBAL
CARDIOVASCULAR APPLICATION MARKET FOR CARDIAC DEFIBRILLATORS BY REGION,
2014 TO 2023 (USD MILLION)
38
TABLE 9 GLOBAL CARDIAC
DEFIBRILLATOR MARKET BY TYPE, 2014 TO 2023 (USD MILLION) 39
TABLE 10 GLOBAL
CARDIOVASCULAR APPLICATION MARKET BY END USER, 2014 TO 2023 (USD MILLION) 41
TABLE 11 GLOBAL
CARDIOVASCULAR APPLICATION MARKET FOR HOSPITALS BY REGION,
2014 TO 2023 (USD MILLION)
41
Access Sample Report of Cardiovascular
Application Market With 138 Pages @ https://www.marketresearchfuture.com/reports/cardiovascular-application-market-5255
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