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Global Cardiovascular Devices Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application
Published Date: September 2021
|
Report Code: QYRE-Auto-34D478
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Global Cardiovascular Devices Market Research Report 2020

Global Cardiovascular Devices Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

Code: QYRE-Auto-34D478
Report
September 2021
93 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

Cardiovascular Devices Market Overview 2027

The global Cardiovascular Devices market size is projected to reach US$ 54140 million by 2027, from US$ 43040 million in 2020, at a CAGR of 3.9% during 2021-2027. The market for Cardiovascular Devices is growing as the prevalence of chronic heart disease rises. As a result, more technologically advanced cardiac gadgets are being used for diagnostic and surgical purposes. Furthermore, considerable price reductions in important cardiovascular treatment devices, particularly in emerging regions, are driving the Cardiovascular Devices market expansion. 

Cardiovascular Devices Market

Key market participants are projected to invest extensively in R&D projects as demand for these devices is expected to stay robust. This is likely to result in the introduction of breakthrough products that will help cardiac sufferers. Players in the Cardiovascular Devices market can expect a lucrative growth opportunity as a result of such revolutionary product advancements.

Factors Driving The Growth Of Cardiovascular Devices Market

The rising prevalence of cardiovascular diseases is projected to fuel the market for cardiovascular devices. The rise in the occurrence of chronic cardiovascular disorders such as heart failure and coronary artery disease is one of the primary reasons driving market growth (CAD). Stents for the heart, often known as coronary stents, are one of the most essential cardiovascular devices. Heart attack, coronary heart disease, atrial fibrillation, and the opening of restricted arteries are all treated using these devices.

In addition, the increased number of regulatory approvals for new Cardiovascular Devices is a profitable potential opportunity for the Cardiovascular Devices market. Several government programs aimed at making cardiovascular devices more accessible to a broad audience in emerging countries are expected to drive the market throughout the projected period.

Cardiovascular Devices Market

The high demand for advanced features in cardiovascular devices is projected to boost the cardiovascular devices market even further. Patients with severe heart disease require continuous use of technologically advanced diagnostic and therapeutic cardiovascular equipment. This is owing to a rise in public awareness and demand for coronary stents and other cardiovascular devices with enhanced safety characteristics.

The hospital category is likely to be the most profitable, according to end-users.

This is due to the necessity for highly skilled medical personnel to place vital cardiovascular devices like stents.

By Region, North America is predicted to be the most profitable region during the projection period.

This is due to the high prevalence of cardiovascular disorders in the region, as well as the high acceptance rate of minimally invasive procedures, reimbursements, the growing senior population, and the strong demand for continuous and home-based monitoring.

Cardiovascular Devices Market by Type

  • Cardiac Rhythm Management (CRM) Devices
  • Interventional Cardiology Devices
  • Defibrillator Devices
  • Peripheral Vascular Devices
  • Prosthetic Heart Valve Devices
  • Others

Cardiovascular Devices Market by Application

  • Hospitals
  • Clinics
  • Others

Major Players in the Cardiovascular Devices Market

  • Medtronic
  • Abbott Laboratories
  • Boston Scientific
  • Cardinal Health
  • Edwards Lifesciences

Scope of the Cardiovascular Devices Market Report

Report Metric

Details

Report Name

Cardiovascular Devices Market

The market size in 2020

USD 43040 Million

The revenue forecast in 2027

USD 54140 Million

Growth Rate

CAGR of 3.9% from 2021 to 2027

Market size available for years

2021-2027

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Frequently Asked Questions About This Report

1. How much is the cardiovascular devices industry worth?

Ans. The global cardiovascular devices market size is projected to reach US$ 54140 million by 2027, from US$ 43040 million in 2020, at a CAGR of 3.9% during 2021-2027.

2. What are the upcoming trends in cardiovascular devices?

Ans. The Cardiovascular Devices market is expanding due to an increase in the prevalence of chronic heart diseases. This contributes to the greater adoption of technologically advanced cardiology devices for diagnostic and surgical purposes.

3. Which region is and will provide more business opportunities for cardiovascular devices in future?

Ans. North America will provide more business opportunities for cardiovascular devices in future

4. Which is the most influencing segment growing in the cardiovascular devices report?

Ans. Based on end-users, the hospital segment is expected to be the most lucrative segment.

5. Who are the top companies hold the market share in the cardiovascular devices?

Ans. The top companies that hold the market share in the global cardiovascular devices market are Medtronic Inc, Abbott Laboratories, Boston Scientific, Cardinal Health, Edwards Lifesciences

6. Does the report provide COVID-19 impact analysis?

Ans. Yes, the report includes a COVID-19 impact analysis. Also, it is further extended into every individual segment of the report.

Tables of Content

 

List of Tables & Figures

 

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