Source- Annual reports, Press release, White paper, Company Presentation
The global integrated cardiology devices market is segmented on the basis of types, applications and end users.
Based on types, the integrated cardiology devices 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 integrated cardiology devices market is segmented into catheterization laboratories, Hospitals and 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 market. 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.
Europe is the second largest integrated cardiology devices 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.
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.
Sources: Mayo Clinic, Healthline Media, MRFR Analysis
Integrated Cardiology Devices Market is expected to exhibit a strong 8.60% CAGR over the Forecast Period from 2022 to 2030.
The Growing Prevalence Of Cardiovascular Diseases Is The Major Driver For The Global Integrated Cardiology Devices Market.
Lack of Specialty Infrastructure in Emerging Regions Is the Major Restraint On the Integrated Cardiology Devices Market.
The Americas Accounts for the Largest Share in the Global Integrated Cardiology Devices Market.
Leading players in the Integrated Cardiology Devices Market Include Edwards Lifesciences Corporation, Jude Medical, And Medtronic, Among Others.