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Cardiac Medical Devices Market in the US 2016-2020

About Cardiac Medical Devices Market in the US

Atrial fibrillation (AF), a common type of heart arrhythmia, is a heart condition when the heart beats too fast or too slow or in an irregular way. An estimation done by the Centers for Disease Control and Prevention (CDC) in 2015 shows that in the US 2.7-6.1 million people were diagnosed with AF. It is most common in the older population, among people aged 60 years or above. This condition occurs when the heart's ability to function reduces and there is a malfunction in the electrical impulses in the heart, which leads to sudden cardiac arrest or heart failure.

Cardiac output such as an irregularity in the ventricular rate can lead to diastolic dysfunction. Hence, to reduce the risk of irregular heartbeat, especially for people that are at a higher risk of arrhythmia or have recurrent arrhythmia, cardiac medical devices such as pacemaker or implantable cardioverter defibrillators (ICD) are used to help the heart's electrical activity and heart rhythm function. These devices are small and are placed below the collar bone. Heart attacks can also cause defects in the heart valves, which can be replaced by mechanical or tissue heart valves.

Technavio’s analysts forecast the cardiac medical devices market in the US to grow at a CAGR of 1.82% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the cardiac medical devices market in the US for 2016-2020. Cardiac medical devices that are included in this report are implanted in the heart through minimally invasive surgeries. To calculate the market size, the report considers the revenue generated from the sales of the products.

The market is divided into the following segments based on product type:

  • Cardiac rhythm management (CRM) devices
  • Cardiac assist devices
  • Heart valve
Technavio's report, Cardiac Medical Devices Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Boston Scientific
  • LivaNova
  • Medtronic
  • St. Jude Medical
Other prominent vendors
  • Abiomed
  • Adam, Rouilly
  • Advanced Instrumentations
  • A.M.I. ITALIA
  • Biotronik
  • Cardioline
  • Cardia International
  • Cardiac Science (subsidiary of Opto Circuits)
  • Colibri Heart Valve
  • Corpuls
  • Edwards Lifesciences
  • EMTEL
  • Fukuda Denshi
  • HeartWare
  • Innomed
  • INSTRAMED
  • MEDIANA
  • M&B Electronic Instruments
  • Medical ECONET
  • Mindray Medical
  • Physio Control
  • PRIMEDIC
  • Prestan
  • Schiller
  • Spectranetics
  • SynCardia
  • Symetis
  • TTK Healthcare
  • WNL Products
Market driver
  • Prevalence of cardiac disorders
  • For a full, detailed list, view our report
Market challenge
  • High cost of cardiac devices
  • For a full, detailed list, view our report
Market trend
  • Increase in M&A
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Cardiac Medical Devices Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the Cardiac Medical Devices Market in the US: Boston Scientific, LivaNova, Medtronic and St. Jude Medical.

Other Prominent Vendors in the market are: Abiomed, Adam, Rouilly, Advanced Instrumentations, A.M.I. ITALIA, Biotronik, Cardioline, Cardia International, Cardiac Science (subsidiary of Opto Circuits), Colibri Heart Valve, Corpuls, Edwards Lifesciences, EMTEL, Fukuda Denshi, HeartWare, Innomed, INSTRAMED, MEDIANA, M&B Electronic Instruments, Medical ECONET, Mindray Medical, Physio Control, PRIMEDIC, Prestan, Schiller, Spectranetics, SynCardia, Symetis, TTK Healthcare and WNL Products.

Commenting on the report, an analyst from Technavio’s team said: “Vendors are increasingly involving in mergers and acquisitions as a business strategy to expand their operation and market share. Acquisitions of small companies by large vendors help large players increase their product portfolio.”

According to the report, the market is growing due to the increased sales of cardiac rhythm management (CRM) devices. Increasing incidence and prevalence of cardiac disorders such as bradycardia, ventricular fibrillation, and tachycardia can lead to sudden cardiac arrest. To treat these patients, CRM devices are implanted that can boost the growth of the market.

Further, the report states that high cost associated with cardiac devices is hindering the growth of the market.

Companies Mentioned

Boston Scientific, LivaNova, Medtronic, St. Jude Medical, Abiomed, Adam, Rouilly, Advanced Instrumentations, A.M.I. ITALIA, Biotronik, Cardioline, Cardia International, Cardiac Science (subsidiary of Opto Circuits), Colibri Heart Valve, Corpuls, Edwards Lifesciences, EMTEL, Fukuda Denshi, HeartWare, Innomed, INSTRAMED, MEDIANA, M&B Electronic Instruments, Medical ECONET, Mindray Medical, Physio Control, PRIMEDIC, Prestan, Schiller, Spectranetics, SynCardia, Symetis, TTK Healthcare, WNL Products.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Product offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Progression of heart failure due to AF
      • Table Types of cardiac medical devices
  • Regulation and reimbursement scenario in US
    • Table Snapshot of regulatory pathway for medical devices in US
    • Average price provided by Medicare for cardiac medical device implantation
      • Table Reimbursement scenario of cardiac medical devices in US
  • Market landscape
    • Market overview
      • Table Cardiac medical devices market in US
    • Market size and forecast
      • Table Cardiac medical devices market in US 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Segmentation of cardiac medical devices based on products
    • Table Cardiac medical devices market segmentation by product type 2015
    • Table Segmentation of CRM devices market by product type 2015
    • Table Segmentation of cardiac assist devices market by product type 2015
    • Table Segmentation of heart valves market by product type 2015
    • CRM devices
    • CRM devices market in US
      • Table CRM devices market in US 2015-2020 ($ billions)
    • Cardiac assist devices
    • Cardiac assist devices market in US
      • Table Cardiac assist devices market in US 2015-2020 ($ millions)
    • Heart valves
    • Heart valves market in US
      • Table Heart valves market in US 2015-2020 ($ billions)
  • Market drivers
    • Prevalence of cardiac disorders
    • Shortage of heart donors
    • Increase in public awareness
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Product recalls
      • Table US FDA-initiated product recalls in 2013 and 2014
    • High cost of cardiac devices
    • Regulatory complications
    • Intense competition
    • Complications of CRM devices
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Use of MRI in clinical applications
    • Popularity of robot-assisted surgery
    • Increase in M&A
  • Vendor landscape
    • Competitive scenario
    • Market share analysis
      • Table Ranking of CRM vendors 2015
      • Table Ranking of cardiac assist devices vendors 2015
      • Table Ranking of heart valves vendors 2015
    • Boston Scientific
      • Table Boston Scientific: Business segmentation by revenue 2014
      • Table Boston Scientific: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Boston Scientific: Geographical segmentation by revenue 2014
      • Table Boston Scientific: Key takeaways
    • Medtronic
      • Table Medtronic: Business segmentation by revenue 2015
      • Table Medtronic: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Medtronic: Geographical segmentation by revenue 2015
      • Table Medtronic: Key takeaways
    • LivaNova
      • Table LivaNova: Business segmentation by revenue 2014
      • Table LivaNova: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table LivaNova: Key takeaways
    • St. Jude Medical
      • Table St. Jude Medical: Business segmentation by revenue 2014
      • Table St. Jude Medical: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table St. Jude Medical: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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