The global Cardiogenic Shock Market size was USD 3.23 Billion in 2021 and is expected to register a revenue CAGR of 6.2% during the forecast period, according to latest analysis by Emergen Research.
The global increase in the prevalence of heart diseases, the gradually expanding impact of a sedentary lifestyle, and rising healthcare spending are the main drivers of the cardiogenic shock market’s revenue growth. A potentially dangerous condition known as cardiogenic shock occurs when the heart is unable to pump enough blood to fulfil the body’s needs. Cardiogenic shock is frequently brought on by a severe cardiac arrest, however not everyone who has a heart attack goes on to acquire the condition. In the next years, rising investments in the global healthcare sector are anticipated to be a key market driver for cardiogenic shock. Cardiogenic shock is treatable if detected early, thus ensuring that all hospitals have access to cutting-edge equipment has become a top priority for healthcare organisations.
Market Size – USD 3.23 Billion in 2021, Market Growth – at a CAGR of 6.2%, Market Trends – Growth in the global incidence of heart diseases, the expanding impact of a sedentary lifestyle, and rising healthcare spending are the main drivers propelling the global market for cardiogenic shock.
Although the need for cardiogenic shock technology is becoming more widely recognised, many smaller healthcare providers lack the funding necessary to purchase significant amounts of the equipment. Consistent spending on healthcare by both the public and private sectors is another element boosting market revenue growth. The incidence of cardiovascular diseases and cardiogenic shock (epidemiology), as well as the ageing population and increasing economic burden, are additional reasons that are anticipated to propel market expansion for this condition. Cardiogenic shock must be treated by a team using organisation strategies, exact diagnosis using a variety of diagnostic instruments, and therapeutic treatment to sustain blood flow.
The major companies Covered in the report are:
Abbott, ABIOMED, Bayer AG, Viatris Inc., Par Pharmaceutical, Medtronic, Terumo Corporation, Getinge AB, AstraZeneca, and F. Hoffman-La Roche Ltd.
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For the purpose of this report, Emergen Research has segmented the global cardiogenic shock market based on treatment type, end-use, and region:
- Treatment Type Outlook (Revenue, USD Million; 2019-2030)
- In-vitro Test Kits
- End-Use Outlook (Revenue, USD Million; 2019-2030)
- Ambulatory Surgical Center
- Cardiac Catheterization Labs
- Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
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Key highlights of this research report:
- The worldwide cardiogenic shock market is divided into medicine, device, and in-vitro test kit segments based on the kind of therapy. In 2021, the medicines sector contributed a sizable portion of total income. Norepinephrine has inotropic properties that make it a highly potent vasopressor. Use of vasopressor medications is advised in acute and hypotensive cardiogenic shock due to the link between low blood pressure and an increased risk of death. Norepinephrine has several advantages over other vasopressors, including a robust vasopressor activity that rivals that of adrenaline, phenylephrine, and even surpasses dopamine. Norepinephrine should be administered as a first line therapy to patients having cardiothoracic or cardiovascular surgery due to the increased risk of vasodilatory shock, which is characterised by hypotension or low systemic vascular resistance.
- In 2021, the market in North America accounted for the biggest revenue share. The vast majority of products that the Food and Drug Administration approves and then introduces to the market make the United States a significant economic force. For instance, on February 21, 2022, Abbott announced that the FDA had approved the company’s CardioMEMS HF System for use in treating more heart failure patients. A further 1.2 million Americans can be targeted for improved monitoring using CardioMEMS sensors as a result of the expanded indication. By using this sensor as an early warning system, doctors can stop heart failure from getting worse. Additionally, the improving understanding of heart issues is expected to have a significant positive impact on the U.S. market for cardiogenic shock therapy.
- The Peripheral Artery Disease (PAD) indication for the vascular dosage of XARELTO (rivaroxaban) has been expanded by the U.S. FDA to cover patients who have had most recent Lower-Extremity Revascularization (LER) due to symptomatic PAD, according to a recent announcement from Johnson & Johnson on August 24, 2021. The approval is based on findings from the VOYAGER PAD Phase 3 study.
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