Future Scope of Coronary Pressure Monitors Market | Top Key Players Profile Analysis | 2023 Forecast

Coronary Pressure Monitors Market

Market Research Future published a Cooked research report on “Coronary Pressure Monitors Market Research Report – Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Coronary pressure monitors are devices help to examine the pressure of coronary blood in the patients having hypertension, diabetes, and other cardiovascular diseases. Owing to rise in patient population suffering with cardiovascular diseases and obesity related problems there are huge demand of coronary pressure monitors, which is likely to boost the market growth during the forecast period. According to the World Health Organization in 2015, over 17.7 million patients died from cardiovascular diseases accounting for 31% of the total deaths and it is estimated that about 39% of the adults aged above 18 were overweight in 2016.

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Koninklijke Philips N.V. (Europe), General Electric Company (U.S.), Medtronic (Europe), Omron Corporation (Japan), A&D Medical Inc. (Asia Pacific), Drägerwerk AG & Co. KGaA (Europe), Rossmax International Ltd. (Asia Pacific), American Diagnostics Corp. (U.S.) are some of the leading players at the cutting edge of the competition in the market of Coronary Pressure Monitors, globally.

The global coronary pressure monitors market is showing the moderate growth; mainly due to increase in patient population suffering with cardiovascular disease and diabetes. Also increasing in obesity population and aging population is one of the major factor for the growth of coronary pressure monitors market. According to the American Heart Association, in 2017, cardiovascular disease, listed as the underlying cause of death, accounts for nearly 801,000 deaths in the United States, about 2,200 Americans die of cardiovascular disease each day.

Companies are showing much interest toward the coronary pressure monitors market, as they feels there are huge opportunity and gap between the market demand and supply of effective devices. Thus, companies are showing more interest in merger and acquisition activities for increasing product line and invent quality product that meet the requirement of market. The development has been made by Medtronic in 2015, by acquiring coronary & structural heart division of Twelve, Inc. Moreover, in 2015, A&D Medical Inc. acquired measurement business from Nippon Avionics Co., Ltd. and began sales of industrial measurement equipment.

Also in 2015, Medtronics and Samsung came together in an alliance to accelerate the development of digital health solutions for the millions of people suffering from chronic pain, movement disorders, incontinence, and other conditions who could benefit from neuromodulator therapy. All these development help market to get quality product and fulfill unmet requirement.

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Global Coronary Pressure Monitors Market – Regional Analysis:

The market of coronary pressure monitors is much higher in the Americas region. There are huge population suffering with hypertension, diabetes, and cardiovascular diseases. According to American Diabetes Association, in 2015, 30.3 million Americans, i.e. 9.4% of the total Americas population had diabetes. Increasing prevalence of cardiovascular diseases with increasing demand for the better monitoring devices have boosted the growth of the market. Also According to the Population Reference Bureau, the number of Americans aged over 65 is projected to be more than double from 46 million in 2014 to over 98 million by 2060. Presence of huge geriatric population, has fuelled the growth of the market in America.

Europe is also consider huge market for coronary pressure monitors players, owing to increasing prevalence of cardiovascular diseases, increasing government support, and well developed technology. According to the European Cardiovascular Disease Statistics (2016), every year cardiovascular disease causes 3.9 million deaths in Europe which accounts for 45% of all deaths in Europe. Moreover rising in patient population and huge health care spending have boosted the growth of market in this region. According to the OECD, the healthcare expenditure in Germany was EUR 321 billion in 2014, which is followed by France with healthcare expenditure of EUR 237 billion, whereas in United Kingdom it was EUR 223 billion.

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Asia Pacific and the Middle East and Africa region are considering the big market. Whereas country like India and china of Asia Pacific region are considering fastest growing region due to presence of huge population suffering with diabetes and cardiovascular diseases, additionally they are open to adopt new technology, and best treatment option from developed country, this gap between the developed and developing countries will present significant growth opportunity for the coronary pressure monitors market players in the coming years. Whereas the Middle East and Africa are low market due to his incapability of investment.

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