Cardiology Devices Market: Global Industry Analysis and Forecast (2022-2029)


Cardiology Devices Market size was valued at USD 24.70 billion in 2021 and is expected to reach US $ 46.40 billion by 2029, at a CAGR of 8.2% during a forecast period.
Cardiology devices have great applications in cardiovascular operations to cure patients of many disorders.

Global Cardiology Devices Market Dynamics

Development and implementation of public awareness programmes about heart failure are acting as the driver for the global cardiology devices market. Management of a healthcare system that delivers timely access to diagnostic services and treatment of heart failure, as well as transition to long-term management, are creating lucrative opportunities for the global market. Government’s funds and encouraging research into new and more affordable cardiology devices for all type of heart failure are driving factors of the global market. Cardiovascular diseases have become one of the major causes of mortality and morbidity in the world over the last three decades, hence the adoption of newly invented cardiac devices creates an opportunity for the global market.

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Global Cardiology Devices Market Key Players

Medtronic, Boston Scientific Corporation, Abbott, Edward Lifescinces Corporation, Cardinal Health, B. Braun Melsungen, Terumo Corporation, Biosensors International Group, BIOTRONIK SE & Co. KG., Abiomed Inc., ACIST Medical Systems Inc., C.R. Bard Inc., Cook Medical LLC, Cordis Corporation, GE Healthcare, Life Vascular Devices Biotech S.L., Biostense Webster Inc, Merit Medical Systems Inc, Novacam Technologies Inc., Koninklijke Philips N.V., St. Jude Medical.

Global Cardiology Devices Market Recent Developments

Medtronic and Abbott are the largest contributors to the global cardiology devices market. In 2021, Medtronic makes the Micra leadless pacemaker and abbott launch the Nanostim leadless pacemaker. In October 2021 Abbott has launched its new implantable cardioverter-defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices, bringing the most advanced heart rhythm management capabilities along with a new set of benefits to people in India with abnormal heart rhythms and heart failure.

Global Cardiology Devices Market Segment Analysis

Pacemakers play a significant role in the management of diseases related to cardiac dysfunction.
Busy work and life, also the physical problems caused by sedentary sitting are the reasons behind the increase in the number of cases of cardiac arrests. Hence to extend the lifespan, the pacemaker segment contributes the largest share of xx% in the global market. A growing population suffering from cardiac-related disorders like Atrial Fibrillation, Arrhythmias, bradycardia and Sick-Sinus Syndrome etc., helps to boost the global cardiology devices market by the healthcare sector. The availability of pacemakers in hospitals and also in ambulatory surgical centers is expected to drive the global market.

Global Cardiology Devices Market Regional Analysis

North America is expected to dominate the global cardiology devices market during the forecast period.
Increasing utilization of cardiology devices for diagnosing and treatment of cardiovascular diseases in North America is witnessing the global market growth during the forecast period.
North America was the major consumer of cardiology devices in 2021, thanks to rising healthcare expenditure, increasing prevalence of chronic diseases and growing aging population from this region. The presence of key companies and initiatives are being taken by private and public organizations, make North America a major contributor in the global market growth. The launching of effective cardiology products by the key players extends the lifespan of patients surviving in North America.
The Asia Pacific region is the second-largest dominated region in the global cardiology catheter market. This is primarily by the enhancing healthcare infrastructure and presence of players in the region.

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Global Cardiology Devices Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 24.70 Bn.




Forecast Period 2022 to 2029 CAGR:
8.2%
Market Size in 2029:
US $ 46.40 Bn.




 Segments Covered:
by Product Type
• Pacemakers
• Implantable Cardioverter Defibrillators (Icds)
• Ventricular Assist Devices (VAD)
• Cardiac Resynchronization Therapy (CRT) Devices
• Heart Monitors
• Stents
• Catheters
• Others




by Condition
• Heart Failure
• Cardiac Arrhythmia
• Coronary Artery Disease
• Congenital Heart Disease
• Others




by End users
• Hospitals
• Cardiac Medical Centers
• Specialty Cardiology Clinics





The objective of the report is to present a comprehensive analysis of the global cardiology devices market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global cardiology devices market dynamics, structure by analyzing the market segments and project the global cardiology devices market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global cardiology devices market make the report investor’s guide.

Global Cardiology Devices Key Players

• Medtronic
• Boston Scientific Corporation
• Abbott
• Edward Lifescinces Corporation
• Cardinal Health
• B. Braun Melsungen
• Terumo Corporation
• Biosensors International Group
• BIOTRONIK SE & Co. KG.
• Abiomed Inc.
• ACIST Medical Systems Inc.
• C.R. Bard Inc.
• Cook Medical LLC
• Cordis Corporation
• GE Healthcare
• Life Vascular Devices Biotech S.L.
• Biostense Webster Inc
• Merit Medical Systems Inc
• Novacam Technologies Inc.
• Koninklijke Philips N.V.
• St. Jude Medical

Frequently Asked Questions:

1. Which region has the largest share in Global Cardiology Devices Market?
Ans: North America region holds the highest share in 2021.

2. What is the growth rate of Global Cardiology Devices Market?
Ans: The Global Cardiology Devices Market is growing at a CAGR of 8.2% during forecasting period 2022-2029.

3. What is scope of the Global Cardiology Devices market report?
Ans: Global Cardiology Devices Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Cardiology Devices market?
Ans: The important key players in the Global Cardiology Devices Market are – Medtronic, Boston Scientific Corporation, Abbott, Edward Lifescinces Corporation, Cardinal Health, B. Braun Melsungen, Terumo Corporation, Biosensors International Group, BIOTRONIK SE & Co. KG., Abiomed Inc., ACIST Medical Systems Inc., C.R. Bard Inc., Cook Medical LLC, Cordis Corporation, GE Healthcare, Life Vascular Devices Biotech S.L., Biostense Webster Inc, Merit Medical Systems Inc, Novacam Technologies Inc., Koninklijke Philips N.V., and St. Jude Medical.

5. What is the study period of this market?
Ans: The Global Cardiology Devices Market is studied from 2021 to 2029. 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Cardiology Devices Market Size, by Market Value (US$ Bn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2019
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Cardiology Devices Market
3.4. Geographical Snapshot of the Cardiology Devices Market, By Manufacturer share
4. Global Cardiology Devices Market Overview, 2021-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Cardiology Devices Market
5. Supply Side and Demand Side Indicators
6. Global Cardiology Devices Market Analysis and Forecast, 2021-2029
6.1. Global Cardiology Devices Market Size & Y-o-Y Growth Analysis.
7. Global Cardiology Devices Market Analysis and Forecasts, 2021-2029
7.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
7.1.1. Pacemakers
7.1.2. Implantable Cardioverter Defibrillators (Icds)
7.1.3. Ventricular Assist Devices (VAD)
7.1.4. Cardiac Resynchronization Therapy (CRT) Devices
7.1.5. Heart Monitors
7.1.6. Stents
7.1.7. Catheters
7.1.8. Others
7.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
7.2.1. Heart Failure
7.2.2. Cardiac Arrhythmia
7.2.3. Coronary Artery Disease
7.2.4. Congenital Heart Disease
7.2.5. Others
7.3. Market Size (Value) Estimates & Forecast By End users, 2021-2029
7.3.1. Hospitals
7.3.2. Cardiac Medical Centers
7.3.3. Specialty Cardiology Clinics
8. Global Cardiology Devices Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Cardiology Devices Market Analysis and Forecasts, 2021-2029
9.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
9.1.1. Pacemakers
9.1.2. Implantable Cardioverter Defibrillators (Icds)
9.1.3. Ventricular Assist Devices (VAD)
9.1.4. Cardiac Resynchronization Therapy (CRT) Devices
9.1.5. Heart Monitors
9.1.6. Stents
9.1.7. Catheters
9.1.8. Others
9.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
9.2.1. Heart Failure
9.2.2. Cardiac Arrhythmia
9.2.3. Coronary Artery Disease
9.2.4. Congenital Heart Disease
9.2.5. Others
9.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
9.3.1. Hospitals
9.3.2. Cardiac Medical Centers
9.3.3. Specialty Cardiology Clinics
10. North America Cardiology Devices Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Cardiology Devices Market Analysis and Forecasts, 2021-2029
11.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
11.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
11.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
12. Canada Cardiology Devices Market Analysis and Forecasts, 2021-2029
12.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
12.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
12.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
13. Mexico Cardiology Devices Market Analysis and Forecasts, 2021-2029
13.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
13.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
13.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
14. Europe Cardiology Devices Market Analysis and Forecasts, 2021-2029
14.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
14.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
14.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
15. Europe Cardiology Devices Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Cardiology Devices Market Analysis and Forecasts, 2021-2029
16.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
16.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
16.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
17. France Cardiology Devices Market Analysis and Forecasts, 2021-2029
17.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
17.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
17.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
18. Germany Cardiology Devices Market Analysis and Forecasts, 2021-2029
18.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
18.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
18.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
19. Italy Cardiology Devices Market Analysis and Forecasts, 2021-2029
19.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
19.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
19.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
20. Spain Cardiology Devices Market Analysis and Forecasts, 2021-2029
20.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
20.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
20.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
21. Sweden Cardiology Devices Market Analysis and Forecasts, 2021-2029
21.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
21.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
21.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
22. CIS Countries Cardiology Devices Market Analysis and Forecasts, 2021-2029
22.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
22.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
22.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
23. Rest of Europe Cardiology Devices Market Analysis and Forecasts, 2021-2029
23.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
23.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
23.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
24. Asia Pacific Cardiology Devices Market Analysis and Forecasts, 2021-2029
24.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
24.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
24.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
25. Asia Pacific Cardiology Devices Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Cardiology Devices Market Analysis and Forecasts, 2021-2029
26.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
26.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
26.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
27. India Cardiology Devices Market Analysis and Forecasts, 2021-2029
27.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
27.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
27.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
28. Japan Cardiology Devices Market Analysis and Forecasts, 2021-2029
28.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
28.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
28.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
29. South Korea Cardiology Devices Market Analysis and Forecasts, 2021-2029
29.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
29.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
29.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
30. Australia Cardiology Devices Market Analysis and Forecasts, 2021-2029
30.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
30.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
30.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
31. ASEAN Cardiology Devices Market Analysis and Forecasts, 2021-2029
31.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
31.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
31.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
32. Rest of Asia Pacific Cardiology Devices Market Analysis and Forecasts, 2021-2029
32.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
32.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
32.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
33. Middle East Africa Cardiology Devices Market Analysis and Forecasts, 2021-2029
33.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
33.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
33.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
34. Middle East Africa Cardiology Devices Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Cardiology Devices Market Analysis and Forecasts, 2021-2029
35.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
35.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
35.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
36. GCC Countries Cardiology Devices Market Analysis and Forecasts, 2021-2029
36.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
36.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
36.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
37. Egypt Cardiology Devices Market Analysis and Forecasts, 2021-2029
37.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
37.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
37.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
38. Nigeria Cardiology Devices Market Analysis and Forecasts, 2021-2029
38.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
38.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
38.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
39. Rest of ME&A Cardiology Devices Market Analysis and Forecasts, 2021-2029
39.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
39.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
39.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
40. South America Cardiology Devices Market Analysis and Forecasts, 2021-2029
40.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
40.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
40.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
41. South America Cardiology Devices Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Cardiology Devices Market Analysis and Forecasts, 2021-2029
42.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
42.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
42.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
43. Argentina Cardiology Devices Market Analysis and Forecasts, 2021-2029
43.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
43.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
43.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
44. Rest of South America Cardiology Devices Market Analysis and Forecasts, 2021-2029
44.1. Market Size (Value) Estimates & Forecast By Product Type, 2021-2029
44.2. Market Size (Value) Estimates & Forecast By Condition, 2021-2029
44.3. Market Size (Value) Estimates & Forecast By End Users, 2021-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Cardiology Devices Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. Medtronic
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Product Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Boston Scientific Corporation
45.3.3. Abbott
45.3.4. Edward Lifescinces Corporation
45.3.5. Cardinal Health
45.3.6. B. Braun Melsungen
45.3.7. Terumo Corporation
45.3.8. Biosensors International Group
45.3.9. BIOTRONIK SE & Co. KG.
45.3.10. Abiomed Inc.
45.3.11. ACIST Medical Systems Inc.
45.3.12. C.R. Bard Inc.
45.3.13. Cook Medical LLC
45.3.14. Cordis Corporation
45.3.15. GE Healthcare
45.3.16. Life Vascular Devices Biotech S.L.
45.3.17. Biostense Webster Inc
45.3.18. Merit Medical Systems Inc
45.3.19. Novacam Technologies Inc.
45.3.20. Koninklijke Philips N.V.
45.3.21. St. Jude Medical.

46. Primary Key Insights
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