Cardiac Medical Devices Market in the US 2016-2020

Cardiac medical devices market forecast in the US

According to the cardiac medical devices market industry analysis, Technavio’s market research analyst predicts the cardiac medical devices market in the US to grow at a CAGR of around 2% by 2020. The rising incidences of cardiac disorders such as bradycardia, sick sinus syndrome, atrioventricular blocks, ventricular fibrillation, cardiac arrest, and tachycardia is expected to propel the cardiac medical devices market growth in the US during the forecast period. With aging, the heart muscles lose their elasticity and ability to respond to different pressure rates, which in turn, makes older people more susceptible to cardiac disorders. In 2011, the American Heart Association estimated that about 326,200 people experienced out-of-hospital, sudden cardiac arrests in the US of which merely 10% survived due to immediate hospitalization. CRM devices such as automated external defibrillators can be used as an emergency life-saving measure in the advent of a sudden cardiac arrest. The rising incidences of sudden cardiac arrests will bolster the market growth for CRM devices in the US.

With the increasing popularity of robot-assisted surgery, the market for cardiac medical devices has a positive outlook until the end of 2020. Based on the cardiac medical devices market trends, the robot-assisted devices help surgeons perform complicated surgeries by providing a better visualization platform compared to traditional devices. This technology also allows easy maneuvering of surgical instruments within close-fitting spaces with utmost precision and control. Also, these minimally invasive surgical procedures enable patients to experience faster recoveries and less scarring than what is entailed during traditional invasive procedures. The preference for robotic-assisted surgery is expected to drive the market growth for cardiac medical devices in the US during the forecast period.

Product segmentation and analysis of the cardiac medical devices market

• Cardiac rhythm management (CRM) devices
• Cardiac assist devices
• Heart valves

In this market research, the analyst predicts the CRM devices segment to surpass USD 4 billion during the forecast period. However, this market segment will witness a slight decline in its overall market share due to the saturation of pacemaker implantation among the US population.

Competitive landscape and key vendors

The cardiac medical devices market in the US is highly fragmented due to the presence of numerous small and large suppliers. Factors like increased product portfolio extensions, advances in technology, and reduced average selling prices have resulted in intense competition among vendors. The increasing level of competition in this market may lead to vendors reducing their product prices, which in turn could negatively impact their profit margins and market growth potential. Also, large vendors are acquiring small cardiac medical device manufacturers to extend their product pipelines with innovative technologies. Such acquisitions are expected to increase the market competition and lead to the entry of other big vendors.

The leading vendors in the market are 

• Medtronic
• St. Jude Medical
• Boston Scientific
• LivaNova

Other prominent vendors in the market include Abiomed, Adam, Rouilly, Advanced Instrumentations, A.M.I. ITALIA, Biotronik, Cardioline, Cardia International, Cardiac Science, 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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the cardiac medical devices market in the US?
• What are the key market trends impacting the growth of the cardiac medical devices 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 vendors in the cardiac medical devices market in the US?
• What are the trending factors influencing the market shares of the US?
• What are the key outcomes of the five forces analysis of the cardiac medical devices market?

Technavio also offers customization on reports based on specific client requirement

Related Reports:

• Global Cardiac Rhythm Management Devices Market 2015-2019
• Global Cardiac Prosthetic Devices Market 2015-2019 
• Global Cardiac Resynchronization Therapy (CRT) Devices Market 2015-2019
• Cardiac Resynchronization Therapy Devices Market in Europe 2015-2019