Cardiac Care Medical Equipment Market Size to Upsurge Owing to Technological Advancements Across the Globe: Radiant Insights, Inc.

SAN FRANCISCO, March 24, 2020 /PRNewswire/ -- The global cardiac care medical equipment marketA is expected to witness an upsurge in the years to come. This is attributed to technological advancements being witnessed at a rapid pace across the globe. It has been reported that cardiovascular diseases are amongst the prominent causes of demises in the Western world and this would be the principal factor bolstering the market in the near future.Moreover, increase in the geriatric population is likely to have severe implications as far as public health is concerned. This will give further impetus to POC testing, especially for cardiac diagnostics. The increasing usage of minimally invasive devices is the latest trend catching up. This is bound to boost the market further.Market SegmentationThe cardiac care medical equipment market is segmented by type, end-user, product, sales channel, and geography. By type, the market of cardiac care medical equipment spans cardiac rhythm management devices, cardiac prosthetic devices, cardiac monitoring and diagnostic devices, electrophysiology, peripheral vascular devices, and interventional cardiac medical devices. By product, it consists of ECG (electrocardiogram), event monitors, Doppler fetal monitors, cardiac CT, implantable loop recorders, PET scans, stents, Magnetic Resonance Imaging (MRI), pacemakers, echocardiogram, and holter monitors. By sales channel, it's distribution channel and direct channel.By end-user, the cardiac care medical equipment market says clinic, hospital, diagnostic center, and others. By geography, the same market of cardiac care medical equipment goes like Asia Pacific, Europe, LATAM, North America, and MEA. North America dominates the market; thanks to extensive spending on healthcare; followed by Europe. Asia Pacific is expected to grow at the fastest rate due to increase in sedentary lifestyle (which, in turn, results in an influx of cardiovascular diseases).
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