Cardiopulmonary Products Market Insights by Size, Status and Forecast 2027

Posted by Rohini Chaudhari on June 21st, 2019

Cardiopulmonary products restore the functions of the heart and lungs. The global cardiopulmonary products market is primarily driven by the increasing geriatric population and the rising prevalence of cardiovascular diseases. According to the Centers for Disease Control and Prevention (CDC), coronary heart disease accounts for 370,000 deaths in the U.S. each year. Lifestyle habits such as smoking, rising incidence of obesity, and dietary irregularities are responsible for the growth in prevalence of cardiovascular disease globally. Moreover, there has been an unprecedented growth in the global geriatric population.

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Cardiopulmonary products Market – Competitive Landscape

The global cardiopulmonary products market comprises large and mid-size vendors. Key players in this market include Medtronic Plc, Smiths Medical, MAQUET Holding B.V. & Co. KG, Terumo Corporation, LivaNova PLC, MEDIVATORS Inc., Braile Biomédica, Palex Medical SA, and others. These players participate in various cardiac conferences which offer them exposure and provide a platform to understand the market and showcase their products at the international level. Companies are also focused on expanding their presence in developing and underdeveloped countries through collaboration with various suppliers.

  • In November 2016, Schiller AG introduced 2nd generation of its most successful ECG device, AT-1 G2. The device incorporates new interpretation algorithm and enables easy patient data entry.
  • In September 2016, the company introduced the PHYSIOGARD Touch 7, a monitor for emergency services (out of hospital), designed to withstand the most demanding environments. The device possesses four leads as standard capabilities, which are SpO2, temperature, ECG, and non-invasive blood pressure.
  • In 2016, Abbott announced the acquisition of St Jude medical, thereby strengthening its position in the cardiovascular market.In October 2017, Abbott received FDA approval of the world’s first and only smartphone compatible ICM Confirm Rx for identifying cardiac arrhythmia in the U.S. In May 2018, Abbott received its first CE clearance across 10 countries in Europe for first use of Confirm Rx with myMerlin app.

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Medtronic plc. 

Medtronic is a prime medical technology, services, and solutions company. Its product portfolio caters to the cardiovascular, diabetes, cardiac rhythm, ENT, digestive & gastrointestinal, neurological, orthopedic, and other segments. The company’s strength lies in developing technologies with an aim to mitigate pain, improve health, and extend the quality of life of patients. The company is an industry leader that offers value-based health care services in order to drive growth globally. Medtronic operates in 160 countries through 370 locations worldwide. It offers its innovative solutions to hospitals, clinics, third-party health care providers, distributors, and government health care organization and group purchasing organizations.

Smiths Medical

Founded in 1940, Smiths Medical, a subsidiary of the Smiths Group plc, is headquartered in the U.S. unlike its parent company, which is based in U.K. Smiths Medical is involved in the manufacturing and marketing of world class medical devices, equipment and consumables. The company offers its products for hospitals, home care, and emergency as well as specific environments. Its products are utilized during surgery, intensive care, critical care, and post-operative care in a series of infusion therapies.

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Rohini Chaudhari

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Rohini Chaudhari
Joined: June 12th, 2019
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