The Asia-Pacific market is considered to be one of the emerging market due to huge population of CVD, CHD, stroke and other heart diseases and is growing at a modest rate due to various factors such as the rising healthcare spending, improving infrastructure and economy, and rising standards of living. Improving healthcare system, prevalence of huge CVD, stroke, and heart patients and investment from private players are expected to drive the market in upcoming years. The APAC drugs market is predicted to contribute highest in the growth of cardiology market followed by device market due to huge adoption of cardiology drugs, high cost of drugs, and favorable government policies. APAC region includes China, India, Japan, Korea, Taiwan and other regions, which contribute significantly to the growth of cardiology market due to rising heart patients, government policies and adoption of robotic surgeries.
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The region is expected to grow significantly in the healthcare domain and particularly, there is huge advancement in the defibrillator market. The adoption of innovative devices and technological advancement created huge scope in the market. India, China, and Japan are medical tourism places for various countries due to cheaper surgery rates and treatment costs. Patients travel huge distances to get quality treatment at economical prices. The demand for implanted surgeries and devices is rising in the region due to medical tourism and rising heart patients across the region.
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Asia-Pacific Defibrillators Market-Segmentation
By Type
Implantable Cardioverter Defibrillators
External Cardioverter Defibrillators
By End-Users
Hospitals
Ambulatory Services and Others
Regional Analysis
China
India
Japan
Rest of Asia-Pacific
Company Profiles
Abbott Laboratories, Inc.
Biotronik SE & Co. KG
Cintas Corp.
Defibtech LLC
General Electric Co.
Koninklijke Philips N.V.
LivaNova PLC
Medtronic PLC
Mindray Medical International Co. Ltd.
Nihon Kohden Corp.
Stryker Corp.
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