Cardiology devices segment is anticipated to reach the highest market value during the projected period
The Cardiology Devices segment is likely to create absolute $ opportunity of a little more than US$ 15 Mn in 2018 over 2017. By the end of 2027, Cardiology Devices segment is projected to reach a market valuation close to US$ 700 Mn, expanding at a CAGR of 18.4% over the forecast period. The Cardiology Devices segment dominated the Asia Pacific reprocessed medical devices market in terms of revenue in 2016, and the trend is projected to grow throughout the forecast period. Cardiology Devices segment is anticipated to be the most attractive segment, recording an attractiveness index of 4.3 over the period of assessment.
Alternative product deployment and external partnerships are encouraging manufacturers to increase production focus on cardiology devices
There has been an increasing healthcare spending by the governments of some of the developing countries such as Australia, India and China owing to a growing geriatric population and growing awareness among the population regarding health-related issues. However, despite increased healthcare spending in the Asia Pacific region, the growth rate is slow, which creates a requirement for healthcare facilities to focus on cost cutting in order to stay in tune with the universal healthcare system. Increasing healthcare spending in response to growing healthcare problems is the driving factor for the cardiology devices segment.
Reprocessed Medical Devices Market: Cardiology Devices Segment Slated to Dominate the Regional Market Through 2027: Asia Pacific Industry Analysis and Opportunity Assessment, 2017-2027Buy Now
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