Market Overview:
The global cardiac equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in cardiac equipment, and rising demand for minimally invasive procedures. The global cardiac equipment market is segmented on the basis of type into balloon pumps, cardiopulmonary bypass pumps, cardiac ultrasound devices, CRT pacemakers (CRT-P), CRT defibrillators (CRT-D), defibrillators, pacemakers and others. The balloon pump segment is expected to account for the largest share of the global cardiac equipment market in 2018 owing to its widespread use in percutaneous coronary interventions (PCI) and other minimally invasive procedures. By application, the hospital segment is expected to account for the largest share of the global cardiac equipment market in 2018 due to increased demand for advanced medical devices and rising number of hospitals worldwide.
Product Definition:
Cardiac Equipment is a term used to describe any medical equipment used specifically for cardiac procedures. This can include devices such as an electrocardiogram (EKG), which records the electrical activity of the heart, or a cardiac catheterization lab, where more detailed images of the heart can be obtained. Cardiac Equipment is important because it allows doctors to diagnose and treat heart conditions.
Balloon pumps:
Balloon pumps are used to move fluid in a controlled manner. They are most commonly used for cardiopulmonary bypass surgeries, but can also be used for various other medical applications. The growth factor that propels the demand for balloon pumps is increasing prevalence of cardiovascular diseases globally and rising number of cardiac surgery cases due to growing geriatric population base.
Cardiopulmonary Bypass Pumps:
Cardiopulmonary bypass pumps are used to support the blood circulation and function of the body without oxygen. These devices are majorly used in cardiac surgery, which is also known as cardiopulmonary bypass or CPB (cardiac pulmonary bypass). The working principle of CPB involves rerouting the patient's blood flow around a blocked artery or vein.
Application Insights:
The hospital segment dominated the global cardiac equipment market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to a large number of factors such as increasing healthcare spending, aging population, technological advancements & new product launches by key manufacturers. For instance, in January 2018, Medtronic acquired Abbott¢â‚¬â„¢s portfolio of medical devices and technologies that include CRT-D products for home care use.
The others segment includes dental clinics & imaging centers and is projected to grow at a significant rate during the forecast period owing to rising adoption of echocardiography for diagnostics purposes by these facilities. Furthermore, hospitals also account for one of the largest purchases of automated external defibrillators (AEDs) due primarily to their availability on site in case patients suffer from sudden cardiac arrest outside hospitals or cannot be revived after shocks at scene.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing prevalence of cardiac disorders, and technological advancements. The U.S. is one of the most developed countries regarding healthcare facilities and equipment availability as well as usage rates for cardiac care procedures such as coronary bypass surgery or implantation of a pacemaker/ICD device.
Asia Pacific is expected to grow at a lucrative rate over the forecast period due to improving economic conditions leading to an increase in disposable income resulting into improved access & quality healthcare facilities along with growing awareness about advanced technologies for cardiac care procedures such as CABG surgeries or implantation of ICDs/pacemakers devices which are performed at home settings by untrained individuals rather than going through hospitalization processes thus contributing towards high growth rates in this region during the forecast period from 2018 to 2030 ( Exhibit 1 ).
Growth Factors:
- Technological advancements in cardiac equipment
- Increasing incidence of cardiovascular diseases
- Growing geriatric population
- Rising awareness about heart health and preventive measures for heart diseases
- Government initiatives to promote cardiac care
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardiac Equipment Market Research Report
By Type
Balloon pumps, Cardiopulmonary Bypass Pumps, Cardiac Ultrasound Devices, CRT Pacemaker (CRT-P), CRT Defibrillator (CRT-D), Defibrillators, Pacemakers, Others
By Application
Hopsital, Clinic, Home Care, Others
By Companies
Medtronic, Boston Scientific, Jude Medical, Thoratec, HeartWare, SynCardia Systems, Vasomedical, Sorin (LivaNova), Biotronik, Berlin Heart, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Cardiac Equipment Market Report Segments:
The global Cardiac Equipment market is segmented on the basis of:
Types
Balloon pumps, Cardiopulmonary Bypass Pumps, Cardiac Ultrasound Devices, CRT Pacemaker (CRT-P), CRT Defibrillator (CRT-D), Defibrillators, Pacemakers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hopsital, Clinic, Home Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Boston Scientific
- Jude Medical
- Thoratec
- HeartWare
- SynCardia Systems
- Vasomedical
- Sorin (LivaNova)
- Biotronik
- Berlin Heart
- Medtronic
Highlights of The Cardiac Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Balloon pumps
- Cardiopulmonary Bypass Pumps
- Cardiac Ultrasound Devices
- CRT Pacemaker (CRT-P)
- CRT Defibrillator (CRT-D)
- Defibrillators
- Pacemakers
- Others
- By Application:
- Hopsital
- Clinic
- Home Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardiac Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cardiac equipment is any medical device that helps to maintain or improve the function of the heart. This can include devices such as pacemakers, defibrillators, and stents.
Some of the major players in the cardiac equipment market are Medtronic, Boston Scientific, Jude Medical, Thoratec, HeartWare, SynCardia Systems, Vasomedical, Sorin (LivaNova), Biotronik, Berlin Heart, Medtronic.
The cardiac equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardiac Equipment Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cardiac Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cardiac Equipment Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cardiac Equipment Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cardiac Equipment Market Size & Forecast, 2020-2028 4.5.1 Cardiac Equipment Market Size and Y-o-Y Growth 4.5.2 Cardiac Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Balloon pumps
5.2.2 Cardiopulmonary Bypass Pumps
5.2.3 Cardiac Ultrasound Devices
5.2.4 CRT Pacemaker (CRT-P)
5.2.5 CRT Defibrillator (CRT-D)
5.2.6 Defibrillators
5.2.7 Pacemakers
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hopsital
6.2.2 Clinic
6.2.3 Home Care
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardiac Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardiac Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Balloon pumps
9.6.2 Cardiopulmonary Bypass Pumps
9.6.3 Cardiac Ultrasound Devices
9.6.4 CRT Pacemaker (CRT-P)
9.6.5 CRT Defibrillator (CRT-D)
9.6.6 Defibrillators
9.6.7 Pacemakers
9.6.8 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hopsital
9.10.2 Clinic
9.10.3 Home Care
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Balloon pumps
10.6.2 Cardiopulmonary Bypass Pumps
10.6.3 Cardiac Ultrasound Devices
10.6.4 CRT Pacemaker (CRT-P)
10.6.5 CRT Defibrillator (CRT-D)
10.6.6 Defibrillators
10.6.7 Pacemakers
10.6.8 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hopsital
10.10.2 Clinic
10.10.3 Home Care
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Balloon pumps
11.6.2 Cardiopulmonary Bypass Pumps
11.6.3 Cardiac Ultrasound Devices
11.6.4 CRT Pacemaker (CRT-P)
11.6.5 CRT Defibrillator (CRT-D)
11.6.6 Defibrillators
11.6.7 Pacemakers
11.6.8 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hopsital
11.10.2 Clinic
11.10.3 Home Care
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Balloon pumps
12.6.2 Cardiopulmonary Bypass Pumps
12.6.3 Cardiac Ultrasound Devices
12.6.4 CRT Pacemaker (CRT-P)
12.6.5 CRT Defibrillator (CRT-D)
12.6.6 Defibrillators
12.6.7 Pacemakers
12.6.8 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hopsital
12.10.2 Clinic
12.10.3 Home Care
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Balloon pumps
13.6.2 Cardiopulmonary Bypass Pumps
13.6.3 Cardiac Ultrasound Devices
13.6.4 CRT Pacemaker (CRT-P)
13.6.5 CRT Defibrillator (CRT-D)
13.6.6 Defibrillators
13.6.7 Pacemakers
13.6.8 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hopsital
13.10.2 Clinic
13.10.3 Home Care
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardiac Equipment Market: Competitive Dashboard
14.2 Global Cardiac Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Boston Scientific
14.3.3 Jude Medical
14.3.4 Thoratec
14.3.5 HeartWare
14.3.6 SynCardia Systems
14.3.7 Vasomedical
14.3.8 Sorin (LivaNova)
14.3.9 Biotronik
14.3.10 Berlin Heart
14.3.11 Medtronic