The Leading Players In The Cardiovascular Devices Market Are Innovating To Stay Ahead.
M2 PRESSWIRE-July 9, 2018-: The Leading Players In The Cardiovascular Devices Market Are Innovating To Stay Ahead
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RDATE:06072018
Medtronic, Inc is the company with the largest share of the global market for devices to treat diseases related to the heart, at 19%, a report from The Business Research Company shows. The company is continuously investing in R&D, in order to retain or increase its share and maintain sales in a global market in where growth is slower than that of gdp. In 2014, for instance Medtronic launched a new external heart monitor device, its SEEQ Wearable Cardiac Monitoring System, which is a wire-free and adhesive patch that can be worn on skin for up to 30 days and that helps diagnose the cause of abnormal heart beats in patients experiencing vertigo, syncope, palpitations or shortness of breath. The player with the second largest share at 14%, Abbott Laboratories, also innovates to stay ahead: in July 2016, it obtained approval from the US Federal Drugs Administration for the market's first fully absorbable stent, Absorb GT1 BVS. The cardiovascular devices market is relatively concentrated, with five global players accounting for 54.1% of the total in 2017. Further consolidation is under way; merger and acquisition activity in the last four years has been high. Abbott, Beckton Dickinson, Cardinal Health, Philips, Medtronic, St Jude and Boston Specific were among companies that completed takeovers or mergers.
Products in the market include arrhythmia detectors, noninvasive blood pressure measurement systems, diagnostic intravascular catheters, external cardiac compressors, coronary vascular physiologic simulation software devices, external programmable pacemaker pulse generators, cardiac monitors, cardiopulmonary bypass defoamers, echocardiographs, vascular graft prostheses, electrocardiographs and defibrillators. The main segments are cardiovascular surgery devices, worth 37% of the total, cardiac rhythm management devices, accounting for 23% and interventional cardiology devices, at 17%.
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Growth in the biggest markets for cardiovascular devices, China and the USA, has dropped recently, though remaining strongly positive, but global market growth, has fallen from 5.1% to only 2.4%, below the growth rate for global gdp. In Japan, the third largest, however, growth has picked up, from 4.7% to 5% year on year.
Cardiovascular devices are part of the wider medical equipment market, which also covers cardiovascular surgery devices, cardiac rhythm management (crm) devices, interventional cardiology devices, defibrillator devices, peripheral vascular devices, prosthetic heart valve device, electrophysiology devices, and cardiac assist devices.
Where To Learn More
Read the Medical Equipment Global Market Report 2018 from The Business Research Company for information on the following:
Markets Covered: Medical equipment, healthcare market, in-vitro diagnostics, cardiovascular devices, diagnostic equipment, orthopedic devices, hospital supplies, ophthalmic devices, nephrology & urology devices, patient monitoring devices, anesthesia and respiratory devices, dental equipment and supplies, wound care devices, diabetes care devices, surgical equipment, ENT devices, neurology devices
Medical Equipment Market Companies Covered: Medtronic Plc., Johnson & Johnson, Siemens AG, Abbott Laboratories, Koninklijke Philips NV, General Electric Company, Danaher Corporation, Becton, Dickinson and Company, Baxter International Inc., 3M Company
Regions: North America, Asia Pacific, Western Europe, South America, Eastern Europe, Middle East, Africa.
Countries: USA, China, UK, Japan, France, Germany, Australia, India, Spain, Russia, Italy, Brazil
Time Series: Five years historic (2013-17) and forecast (2017-21).
Data Segmentations: Medical equipment market historic and forecast size and growth rates for the world, 7 regions and 12 countries, medical equipment market segmentation by type (in-vitro diagnostics, cardiovascular devices, diagnostic equipment, orthopedic devices, hospital supplies, ophthalmic devices, nephrology & urology devices, patient monitoring devices, anesthesia and respiratory devices, dental equipment and supplies, wound care devices, diabetes care devices, surgical equipment, ENT devices, neurology devices) market shares, historic and forecast size and growth rates for the world, 7 regions and 12 countries, global competitor sales and market shares.
Healthcare market segment shares for the world, 7 regions and 12 countries, healthcare market historic and forecast size and growth rates for the world, 7 regions and 12 countries
Other Data: Per capita average medical equipment expenditure, global and by country, medical equipment market size as a percentage of GDP, global and by country; global number of medical equipment enterprises for 2017, average medical equipment market revenue per enterprise for 2017, global number of employees in the medical equipment industry for 2017, and average revenues per employee in the medical equipment industry for 2017- by country
Other Information: Drivers and restraints of the global medical equipment market, PESTEL analysis, medical equipment market customer information, company profiles including products, strategy and financial performance for 5 medical equipment companies, medical equipment market trends and strategies, medical equipment market key mergers and acquisitions
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes. Sources include primary as well as extensive secondary research.
Number of Figures in the report: 141
Number of Tables in the report: 145
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Table of Contents For The Medical Equipment Market Global Report 2018
Table of Contents.................................................................................................................................................... 2
List of Figures........................................................................................................................................................ 26
List of Tables.......................................................................................................................................................... 30
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Medical Equipment Market Characteristics.......................................................................................................... 34
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Medical Equipment Market Size And Growth....................................................................................................... 36
2.1 Historic Market Growth, Value ($ Billion)....................................................................................................... 36
2.1.1 Drivers Of The Market............................................................................................................................ 37
Aging Populations........................................................................................................................................... 37
Emerging Markets Growth.............................................................................................................................. 37
Low Interest Rate Environment....................................................................................................................... 37
Falling Oil Prices............................................................................................................................................. 37
2.1.2 Restraints On The Market....................................................................................................................... 37
Government Regulations................................................................................................................................ 37
Weak Wage Growth in Developed Economies.................................................................................................. 37
2.2 Forecast Market Growth, Value ($ Billion)...................................................................................................... 38
2.2.1 Drivers Of The Market............................................................................................................................ 39
Economic Growth........................................................................................................................................... 39
Technology.................................................................................................................................................... 39
Changes in Lifestyles....................................................................................................................................... 39
2.2.2 Restraints On The Market....................................................................................................................... 39
Interest Rate Increases................................................................................................................................... 39
Reduction In Free Trade.................................................................................................................................. 39
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Medical Equipment Trends And Strategies........................................................................................................... 40
Self-Diagnosis/Treatment is Increasing............................................................................................................ 40
Technology and Analytics in Patient Care......................................................................................................... 40
Wearables and Mobile...
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