Global Cardiovascular Application Market Research Report - Forecast to 2023
Published: Dec-2018 | Format: PDF | Market Research Future | Number of pages: 114 | Code: MRS - 226859
During the last few years, there is a significant increase in the demand for cardiovascular devices. According to the World Health Organization (WHO), in 2015, over 17.7 million people died from cardiovascular diseases, representing 31% of all global deaths. According to the findings from the WHO, in 2015, 82% of the total deaths occurred were in the low- and middle-income countries. Additionally, according to the Centers for Disease Control and Prevention (2015), over 630,000 Americans die from heart disease each year, which accounts for 1 in every 4 deaths.
Notably, favorable reimbursement is the key factor driving the cardiovascular application market. Favorable reimbursement policies will minimize the financial burden and will significantly drive the growth of the market. The policies suggested by different private insurance companies, cover more than 75% of the cost of the devices and treatment. For instance, under the Medicare plan in the U.S., if the average cost of the single chamber devices is approximately USD 10,000, then USD 7,500 is reimbursed.
Other push factors such as, increasing geriatric population, and rising prevalence of cardiovascular diseases are also propelling the growth of the market. According to the World Population Ageing Report, in 2017, globally there are an estimated 962 million people aged 60 or over, which is 13% of the total global population.
However, the strict regulatory guidelines may hamper the growth of the market. The federal Food and Drug Administration (FDA) regulates all commercial pharmaceutical manufacturing. Cardiovascular devices manufacturers should follow the rules stated by FDA and has to compliance with policies and procedures related to the manufacturing of these devices.
The global cardiovascular application market is expected to reach USD 36730.5 million by 2023 at a CAGR of 7.24% during the forecast period. On the basis of device, market is segmented into the cardiac monitors, cardiac pacemaker, cardiac defibrillators, and others. The cardiac monitors segment is further classified as Resting ECG, ECG Monitors, Holter Monitors, and Implantable loop Recorder. The cardiac pacemaker segment is further classified as implantable cardiac pacemaker, and external cardiac pacemaker. The cardiac defibrillators segment is further classified as implantable cardioverter defibrillator, and external defibrillator. The cardiac defibrillators segment accounted for the largest market share of 41.3% during the forecast period.
On the basis of end user, market is segmented into hospitals & clinics, cardiac care centers, ambulatory centers & home care, academic institutes, and others. The hospitals & clinics market is expected to grow at a CAGR of 7.43% from 2017 to 2023.
On the basis of regions, the market is segmented into Americas, Europe, Asia-Pacific and the Middle East & Africa. Americas captured a largest market share of around 39.6% in 2016 globally.
- General Electric
- Boston Scientific Corporation,
- KONINKLIJKE PHILIPS N.V.,
- Terumo, Stryker Corporation,
- Edwards Lifesciences,
- Allergan Inc.,
- Smith & Nephew plc ,
- CR Bard Inc.,
- Sonova Holdings,
- Dragerwerk AG & Co. KGa.
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global cardiovascular application market • To provide insights about factors influencing and affecting the market growth
- To provide historical and forecast revenue of the market segments and sub-segments with respect to countries To provide historical and forecast revenue of the market segments based on product, type, end user, and regions for the global cardiovascular application market.
- To provide strategic profiling of key players in the market, and comprehensively analysing their market share, core competencies, and drawing a competitive landscape for the market
- To provide economic factors that influences the global cardiovascular application market
- To provide detailed analysis of the value chain and supply chain of the global cardiovascular application market
Cardiovascular device manufacturers
Cardiovascular device Suppliers
Cardiovascular device Distributors
Medical Device companies
Research and Development (R&D) Companies
Medical Research Laboratories
Academic Medical Institutes and Universities
Americas accounted for the largest market share in the global cardiovascular device market, USD 8215.3 million in 2016 and expected to reach by USD 14006.6 million by 2023 at a fastest CAGR of 6.75%
Cardiac Pacemaker is the fastest growing segment with a CAGR of and 7.63% in the global cardiovascular application market, by device
Ambulatory centres & home care segment is growing at a CAGR of 7.71% in the global cardiovascular application market, by product
The reports also covers regional analysis
- North America
- South America
- Rest of Europe
- Asia Pacific
- Republic of Korea
- Rest of Asia-Pacific
- Middle East
Table of Contents: 1 Report Prologue 2 Market Introduction 2.1 Definition 2.2 Scope of Study 2.3 Research Objective 2.4 Assumptions & Limitations 2.4.1 Assumptions 2.4.2 Limitations 2.5 Market Structure 3 Research Methodology 3.1 Primary Research Methodology 3.2 Secondary Research Methodology 3.3 Market Share Analysis 3.4 Market Pricing Approach 4 Market Factor Analysis 4.1 Value Chain Analysis 4.1.1 R&D and Designing 4.1.2 Manufacturing 4.1.3 Distribution & sales 4.1.4 Post-sales monitoring 4.2 Porter’s Five Forces Model 4.2.1 Bargaining Power of Suppliers 4.2.2 Bargaining power of buyers 4.2.3 Threat of new entrants 4.2.4 Threat of substitutes 4.2.5 Intensity of rivalry 4.3 Demand & Supply: Gap Analysis 4.4 Pricing Analysis 5 Market Dynamics 5.1 Introduction 5.2 Drivers 5.2.1 Increasing prevalence of cardiovascular diseases 5.2.2 Favourable reimbursement policies 5.2.3 Increasing geriatric population 5.3 Restraints 5.3.1 Strict regulatory guidelines 5.4 Mega Trends 5.5 Macroeconomic Indicators 6 Global Cardiovascular Application Market by Device 6.1 Introduction 6.2 Cardiac Monitors 6.3 Cardiac Pacemakers 6.4 Cardiac Defibrillators 7 Global Cardiovascular Application Market By End User 7.1 Introduction 7.2 Hospitals 7.3 Cardiac Care Centers 7.4 Ambulatory Centers & Home Care 7.5 Academic Centers 8 Global Cardiovascular Application Market by Region 8.1 Introduction 8.2 Americas 8.2.1 North America 22.214.171.124 U.S. 126.96.36.199 Canada 8.2.2 South America 8.3 Europe 8.3.1 Western Europe 188.8.131.52 Germany 184.108.40.206 France 220.127.116.11 U.K. 18.104.22.168 Italy 22.214.171.124 Spain 126.96.36.199 Rest of Western Europe 8.3.2 Eastern Europe 8.4 Asia Pacific 8.4.1 Japan 8.4.2 China 8.4.3 India 8.4.4 Australia 8.4.5 Republic of Korea 8.4.6 Rest of Asia Pacific 8.5 Middle East & Africa 8.5.1 United Arab Emirates 8.5.2 Saudi Arabia 8.5.3 Oman 8.5.4 Kuwait 8.5.5 Qatar 8.5.6 Rest of Middle East & Africa 9 Company Landscape 9.1 Introduction 9.2 Company Share Analysis 9.3 Key Developments 10 Company Profiles 10.1 Abbott 10.1.1 Company Overview 10.1.2 Financials 10.1.3 Products 10.1.4 Strategy 10.1.5 Key Developments 10.2 General Electric Company 10.2.1 Company Overview 10.2.2 Financials 10.2.3 Products 10.2.4 Strategy 10.2.5 Key Developments 10.3 Medtronic 10.3.1 Company Overview 10.3.2 Financials 10.3.3 Products 10.3.4 Strategy 10.3.5 Key Developments 10.4 Boston Scientific Corporation 10.4.1 Company Overview 10.4.2 Financials 10.4.3 Products 10.4.4 Strategy 10.4.5 Key Developments 10.5 Koninklijke Philips N.V 10.5.1 Company Overview 10.5.2 Financials 10.5.3 Products 10.5.4 Strategy 10.5.5 Key Developments 10.6 Terumo 10.6.1 Company Overview 10.6.2 Financials 10.6.3 Products 10.6.4 Strategy 10.6.5 Key Developments 10.7 Stryker Corporation 10.7.1 Company Overview 10.7.2 Financials 10.7.3 Products 10.7.4 Strategy 10.7.5 Key Developments 11 Conclusion 11.1 Key Findings 11.1.1 CEO’s Viewpoint 11.1.2 Unmet Needs 11.1.3 Key Companies to Watch 12 Appendix 12.1 Discussion Blue Print 12.2 References
Inquiry For Buying
2019-2024 Global and Regional X-ray Detector Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Stoma/Ostomy Care Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Starter Fertilizers Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Smart Lock Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Semi-Autonomous Vehicles Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
Global Chitosan Market Set for Rapid Growth, To Reach USD 4.74 Billion by 2021
Zion Market Research has published a new report titled Chitosan Market for Water Treatment, Biomed
Development of e-commerce to Reshape Global Mobile Hotspot Router Market
Mobile hotspot is a popular feature on smart phones that provide wireless internet access on many
Global Carotenoids Market Is Expected To Reach Around USD 1.52 Billion in 2021
Zion Market Research has published a new report titled Carotenoids Market by Type (Astaxanthin, Be
Soaring Demand from Food & Beverages Industry to Act as Prime Driving for Ascorbic Acid Market, Reports Zion Market Research
Ascorbic acid is extensively available in nature, mostly rich in leafy vegetables and fresh fruits
Global Energy Management System (EMS) Market Is Set for a Rapid Growth and is Expected to Reach USD 63,161.5 million by 2021
Zion Market Research has published a new report titled Energy Management System Market (EMS) by So