Market Research Report
US Cardiology Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||922230|
Delivery time: 2-3 business days
|US Cardiology Market 2019-2025|
|Published: January 13, 2020||Content info:||
US Cardiology Market Size, Share & Trends Analysis Report by Device Type (Angioplasty, Cardiovascular stents, Cardiovascular catheters, Cardiac rhythm management, and Cardiovascular assistive devices), By Drug Type (Antithrombotic drugs, Antidyslipidemic drugs, Antihypertensive drugs, and Anti-stroke drugs), By Mechanism ( Beta blockers, Beta agonists, Alpha blockers, Alpha agonists, Sodium channel blockers, Calcium channel blockers, Vasodilators, Renin inhibitors, Angiotensin receptor blockers, Diuretics, Thrombolytics), By Surgeries type(Coronary artery bypass grafting, Transmyocardial laser revascularization, Heart valve repair, Arrhythmia treatment, Aneurysm repair, Heart transplant) and Forecast 2019-2025
The US cardiology market is estimated to grow significantly at a CAGR of around 6.0% during the forecast period. The market is mainly due to the significant prevalence of CVD in the country. The US has a high incidence & prevalence rate of heart diseases due to a sedentary lifestyle, excessive consumption of alcohol, consumption of junk food, high intake of cholesterol and a huge number of diabetic & obese patients. As a result, in the US alone, the CHD is responsible for around 0.4 million fatalities every year. The US has the highest consumption of healthcare devices, surgical procedures and remote monitoring of patients. According to the American Heart Association (AHA) in 2017, CVD accounts for approximately 800,000 mortalities in the US that is one out of three mortalities.
The market is segmented on the basis of Device type, drug type, mechanism, and surgeries type. Based on Device type, the market is segregated angioplasty, cardiovascular stents, cardiovascular catheters, cardiac rhythm management, cardiovascular assistive devices. Angioplasty and vascular stenting are widely adopted procedures in the cardiology market and have a considerable market share. Based on the drug type, the market is segmented into antithrombotic drugs, antidyslipidemic drugs, antihypertensive drugs, and anti-stroke drugs. On the basis of surgeries type, the market is classified into coronary artery bypass grafting, transmyocardial laser revascularization, heart valve repair, arrhythmia treatment, aneurysm repair, and heart transplant.
The companies which are contributing to the growth of the US market include Abbott Laboratories, Becton, Dickinson and Co., Boston Scientific Corp, Bristol-Myers Squibb Co., Cook Medical Inc., Edwards Lifesciences Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
The market study of the US cardiology market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report is intended for medical device companies, pharmaceuticals companies, research institutes, hospitals, and government organizations for the overall market and competitive analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.