Aug, 23 2022

MEDTRONIC, ABBOTT and Cerner Corporation are Dominating Global Heart Failure Software Market in 2021

Global Heart Failure Software Market is expected to grow with the CAGR of 5.5% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global heart failure software market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global heart failure software market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

In June 2021, Medtronic announced a clinical trial for the STROKE AF trial determining the Reveal LINQ Insertable Cardiac Monitor (ICM) superiority to detect abnormal heartbeats, otherwise known as atrial fibrillation (AF). Medtronic offers the most comprehensive range of innovative medical technology for the interventional and surgical treatment of cardiovascular disease and cardiac arrhythmias, developed in collaboration with the world's leading clinicians, researchers, and scientists. The company strives to provide high-quality products and services that provide clinical and economic value to healthcare consumers and providers.

MedTronics is top dominating player in heart failure software market. The other key players existing in the market includes ABBOTT, Cerner Corporation, AXIS CLINICAL SOFTWARE, INC, CV MEDICAL SOFTWARE, 4S Information Software Limited & others.

Medtronic

The company was founded in the year 1949 and it’s headquarter is located in Dublin, Ireland. The company is focuses on treatment of various health condition and include patients monitoring systems, respiratory system and more by providing products in domain such as cardiovascular, respiratory, diabetes among more. Company’s market focused category includes patients & caregivers, healthcare professional.

In October 2020, In April, Medtronic launched the largest R&D centre for cutting-edge software development and testing in mobile apps for medical usage and engineering research. The company enhanced its wide business of R&D centre with a critical role in innovating new products.

The global presence of the company is all over the Asia-Pacific, Europe, Middle East and Africa and America. The company have subsidiaries including A&E Hangers Taiwan Co, Ltd. A&E product Group, Inc. (Delaware), Accucomp (Pty) Ltd. (Delware), Airox, Inc. (France) and Arterial Vascular Engineering UK liminted (UK) among more.

ABBOTT

The company was founded in 1888 and is headquartered in Illinois, U.S. The company is focused on providing good health to the people around the world through there innovative medicines and technology. The company offers Cardiac Rhythms Management, Coronary intervention, Electrophysiology, Heart failure, Peripheral intervention, Structural Heart. Company’s market focused lies in heart failure software and equipment

In June 2020, Abbott collaborated with physicians and health systems to ensure that left ventricular assist devices (LVADs) are available, and it has also provided training and education to physicians who are now implanting Abbott's Heart Mate 3 in their patients. The company expanded its business portfolio, adding more revenue to them.

The company have subsidiaries Alere Inc (U.S), Panbio Ltd (Australia), Abbott India Ltd (Mumbai), Abbott Japan Co., Abbott Canda (Canda) among others. Additionally, the company has presence across the Asia-Pacific, Europe, Middle East and Africa, and Americas.

Cerner Corporation

The company was founded in 1979 with its headquarter based on Missouri, U.S. The company is focused in providing healthcare and information technology for creating solution in clinical sector.

In August 2019, In August, Cerner Corporation launched Cerner Learning Health Network's development to help clinicians gain health insights. The electronic health record (EHR) maintains the information related to heart disease and stroke. The company aims to enhance the wide platform to offer cloud computing.

This company have subsidiaries AbleVets LLC(US), Cerner Lingologix Inc (U.S.), Kantar health (U.S.), The Health Exchange, Inc. (U.S.), Cerner Multum Inc (U.S.) and among others. The global presence of the company is all over the North America, Europe, Middle East and Africa, South America, and Asia-Pacific.

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