Cardiology

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Cardiology is a branch of internal medicine which deals with the most sensitive internal organ heart. Cardiology includes the research of diagnosis, treatment and prevention of the heart diseases and the arteries or veins which are connected to the heart. There are many sub specialities of cardiology such as echocardiography, cardiac electrophysiology, nuclear cardiology and interventional cardiology. As we all know the basic functioning of the blood pump or cardiovascular system includes the path where the heart supplies the oxygen and nutrients in the blood, which is generally called as coronary circulation.

Cardiovascular system consists of a range of disorders which are treated and is been studied in the field of cardiology. In those cases the major one is acute coronary syndrome which has a broad range of spectrum in myocardial infarction symptoms. Few commonly occurring disorders are atherosclerosis, coronary heart disease, Angina pectoris and restenosis. When seen in broader categories of complex disorders in the filed of cardiology includes cardiac arrest, myocardium disorders, spasm of heart tissues, cardiomyopathy, pericardium disorders of heart or swelling in the outer lining of the heart that may include the various types of pericarditis, heart valve diseases which includes aortic valve, mitral valve, pulmonary valve, tricuspid valve etc. Whereas congenital heart defects which are ranging from atrial septal to ventricular sepal defect are the most common ones in the disorders occurring frequently. Diseases of the vascular diseases or blood vessels, in which they include the disorders like deep vein thrombosis, aneurysm, vasculitis, and varicose veins and blood vessels diseases.

Cardiologists are the Specialists in cardiology. Cardiologists uses some of the strategies to combat cardiovascular conditions include percutaneous trans luminal angioplasty, percutaneous coronary intervention, coronary roadway bypass surgery, and stenting. Cardiologists also may diagnose cardiovascular diseases using blood tests, cardiac stress tests, echocardiography or electrocardiography or reckoned tomography and glamorous resonance imaging ways

The global market size of cardiology in 2020 was valued upto 10.11 billion down from nearly 15 billion in 2019 which is due to the hit of covid19 all over the globe. The cardiology global market size was normally expected to reach nearly 18 billion in 2027. In that 45% of global cardiology market size was owned by the companies like Boston Scientific, Abbott and Medtronic. More than 70 countries in the world includes in analysis of 50 interventional cardiology companies jumping right into the market.

COVID19 impact

After the hard hit of covid19 in 2019 the cardiology market got reduced to 25% from 2019 reaching with a valuation of 12.1 billion in 2020. Cardiology market is being expected to increase again after 2022 and will be in steady pace of growth in forthcoming years.

In 2019 million of the patients all around the globe had a delayed care as the hospitals cancelled or postponed non-urgent operations, which is including some of the surgeries for people with heart, kidney and lung conditions. Which as a result, every region around the globe had experienced low numbers of records for the angiographies and the angioplasties in 2020

For an example, in the beautiful city of the Spain, procedures like angioplasty were really very down by 50% within the first two weeks of the lockdown in March and April. But there were also 44.8% low diagnostic examinations and 80.1% fewer procedure like Trans catheter interventions. One of Italy’s worst affected regions Lombardy shuts down 79.8% of the cardiac surgical units in order to preserve their resources for the upcoming emergency in COVID-related cases.

Boston Scientific is one of the leading competitors in the global cardiology market for interventional cardiology devices productions and supply in 2020. This is the company which was the leader of the market in the coronary balloon catheters, coronary embolic protection devices and coronary atherectomy devices markets. The company of Boston Scientific offers the Flextome cutting balloon catheter to the companies like Maverick, Apex, and Emerge PTCA devices.

Abbott was one of the alternate commanding contenders in the global interventional cardiology request. The company held notable positions in the interventional coronary guidewire, coronary stent, FFR guidewire (within the individual coronary catheter and guidewire request), and OCT catheter requests. Medtronic was the third leading contender in the global request in 2020. The company performed the strongest in the interventional coronary catheter request, where it offered the Launcher, Sherpa NX Active, and Sherpa NX Balanced product lines under its portfolio.

Regional insights

Cardiovascular bias is used for the opinion of heart conditions and treatment of affiliated health problems. The cardiovascular bias request is segmented by device type and terrain. On the base of device type, the request is segmented into individual and monitoring bias and remedial and surgical bias. The individual and monitoring bias member is segmented into electrocardiogram (ECG), remote cardiac monitoring, and other individual and monitoring bias. Remedial and surgical bias are segmented into cardiac help bias, cardiac meter operation bias, catheters, grafts, heart faucets, stents, and other remedial and surgical bias. By terrain, the request is segmented into North America, Europe, Asia-Pacific, Middle-East and Africa, and South America. The request report also covers the estimated request sizes and trends for 17 different countries across major regions encyclopaedically. The report offers the value (in USD million) for the below parts.

Leading Cardiology devices manufacturing Companies are

The sector also has good prospects for the future growth, as well. EvaluateMedTech projects that the sector will grow at a compound annual growth rate of 5.1% from 2015 to 2020--one of the healthiest growth rates of any medtech niche.

The sector dominated when it came to the 50% year-over-year increase in PMAs that the medical device industry experienced during the first eight months of 2015, according to EvaluateMedTech (Boston). Worldwide sales in the sector are expected to grow 4.4%, to $54.2 billion, by 2020, with cardiology's share of the global device market ticking up two-tenths of a percentage point to 11.4%.

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Here are the 10 companies that Evaluate MedTech expects will lead the cardiology space by 2020, along with descriptions of how their businesses are evolving: