Medical devices such as electrocardiographs, dialysis machines, ultrasonic therapeutic instruments, and pacemakers are manufactured by surgical and cardiology suppliers in the United States.
The surgical and cardiology equipment markets are expanding.
In 2001, the overall demand for imported cardiology and surgical equipment was $89 million, with $60 million in cardiology and $29 million in surgery. According to “The U.S. Market for Diagnostic Radiology Equipment,” cardiology special procedures equipment is the largest and fastest growing product category.Feel free to find more information at Advanced Heart And Vascular Of Central New Jersey.
Local manufacturing, which consists of machinery parts and components, was priced at $3 million, with two-thirds of it going to other countries. Imports made up 99 percent of overall cardiology and surgical supplies, with local demand accounting for just 1%. In the next three years, annual growth will range from 5% to 10%. Hospital expansion and upgrades, Department of Health projects, and population growth are all factors that affect demand.
In this field, American medical device suppliers are large, and Filipino doctors who prefer U.S. medical equipment and supplies prefer U.S. products. A local distributor should be appointed by any U.S. supplier involved in the local market. Electrocardiographs, dialysis devices, ultrasonic therapeutic instruments, and pacemakers are examples of high-value, low-volume, high-tech goods with high market potential for US suppliers.
What are the reasons for the market’s expansion?
The drastic rise in preventative procedures, such as angioplasty, and the resulting increase in angiography procedures, according to the study, is one reason for the growth in cardiology special procedures equipment. In addition, more cardiologists have honed their expertise in interventional procedures.