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Companies in this industry are engaged in diagnosing and treating disorders of the heart and blood vessels, which make up the cardiovascular system. Cardiologists operate through office-based private practices, health care organizations, and hospitals, as well as academic, government, or research institutions. Leading institutions for cardiology and heart surgery include The Cleveland Clinic and the Mayo Clinic, both based in the US, along with India's Narayana Health, Singapore's Gleneagles Hospital (part of Parkway Holdings), and Thailand's Bangkok Hospital.
Cardiovascular disease (CVD) is the leading cause of death globally, according to the World Health Organization. About three-fourths of CVD deaths occur in low- and middle-income countries.
About 52,000 cardiologists and cardiovascular specialists practice in the US, according to the American College of Cardiology.
Demand for cardiology services is driven by the rate of cardiovascular disease (which is related to demographics and the obesity rate), as well as the availability of health insurance coverage. The profitability of individual practices depends on the reputation and expertise of the cardiologist and staff. Large practices have advantages in leveraging administrative processes and expensive diagnostic equipment and are more likely to accept Medicare and Medicaid than smaller practices. Small practices can compete effectively by providing good customer service.
Cardiologists may face competition from general practitioners who manage cardiovascular medicines, as well as other types of vascular surgeons and interventionists.
PRODUCTS, OPERATIONS & TECHNOLOGY
Cardiologists diagnose, treat, and work to prevent disorders affecting the ...
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