With increasing incidences of cardiovascular diseases, the cardiovascular devices are witnessing rapid demand worldwide. Cardiovascular diseases cause the highest number of annual deaths with majority of deaths occurring due to heart attack and stroke.
According to the data published by the World Health Organization, in 2016, around 18 million people died from cardiovascular diseases. The healthcare authorities around the world are focusing on strengthening the healthcare infrastructure to accommodate the increasing number of cardiac patients.
Additionally, reinforcement in the form of home care facilities and portable devices are gaining popularity in the treatment of cardiovascular devices. The prevalence of lifestyle disorders due to sedentary lifestyle has fueled the incidences of cardiovascular diseases. The manufacturers of cardiovascular devices are continuously engaged in developing advanced devices for ambulatory surgical settings and home care settings. The global cardiovascular devices market is anticipated to witness significant growth during the forecast period.
North America contributed the largest share to the global cardiovascular devices market in 2019 owing to the presence of leading cardiovascular device manufacturers, prevalence of cardiovascular disorders, and increasing investment in research and development focused on advanced medical devices.
Europe contributed a prominent share to the global cardiovascular devices market owing to the expanding geriatric population and increasing incidences of cardiovascular diseases. Asia Pacific is estimated to register significant growth in coming years owing to increasing investment in healthcare infrastructure development, expanding geriatric population, evolving health insurance, and medical device manufacturing industry.
The report titled “Cardiovascular Devices Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global cardiovascular devices market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Abbott Laboratories reported revenues of USD 31.9 billion in 2019 and the product segment analysis of the company indicates that Medical Devices business segment of the company dominated revenue in 2019.
The global cardiovascular devices market is segmented based on device type, end user, and geography. Based on device type, the global cardiovascular devices market is segmented into diagnostic and monitoring devices, and surgical devices. The diagnostic and monitoring devices are sub-segmented into ECG, Holter monitors, event monitors, implantable loop recorders, echocardiogram, pet scan, MRI, cardiac CT, and others. The surgical devices are sub-segmented into pacemakers, stents, catheters and accessories, guidewires, cannulae, electrosurgical procedures, valves, and others. Based on end user, the global cardiovascular devices market is segmented into hospitals, ambulatory surgical centers, home care settings, and others. Based on geography, the global cardiovascular devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on cardiovascular devices. Further, market share of prominent companies in the global cardiovascular devices market would also be estimated.
For instance, Abbott Laboratories operates through four business segments namely Established Pharmaceutical Products, Nutritionals, Diagnostics, and Medical Devices. The cardiovascular devices are delivered under Medical Devices business segment of the company with revenue contribution of US$ 12,239 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the cardiovascular devices manufacturers. The global cardiovascular devices market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the cardiovascular devices business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global cardiovascular devices market.
Major players active in the global cardiovascular devices market include Abbott Laboratories, Biotronik, Boston Scientific Corporation, Canon Medical Systems Corporation, Cardinal Health Inc., Edwards Lifesciences, GE Healthcare, Medtronic PLC, Siemens Healthineers AG, and W. L. Gore & Associates, Inc.
Market Segmentation:
By Product
By End User
By Geography:
The prevalence of lifestyle disorders due to sedentary lifestyle has fueled the incidences of cardiovascular diseases. The manufacturers of cardiovascular devices are continuously engaged in developing advanced devices for ambulatory surgical settings and home care settings. The global cardiovascular devices market is anticipated to witness significant growth during the forecast period.
Europe contributed a prominent share to the global cardiovascular devices market owing to the expanding geriatric population and increasing incidences of cardiovascular diseases.
Abbott Laboratories, Canon Medical Systems Corporation, GE Healthcare, Medtronic PLC and Boston Scientific Corporation are the top 5 cardiovascular devices manufacturers.
Based on device type, the cardiovascular devices market is segmented into diagnostic and monitoring devices, and surgical devices.
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