Cardiovascular Devices Market Trends-2022- Product Launches And Research For Cardiovascular Device Market

Increasing cardiovascular disease prevalence, product launches, favorable research funding to drive cardiovascular device market growth.

The global Cardiovascular Devices Market have been valued at USD 47.27 Billion in the year 2020 and is predicted to attain USD 79.50 Billion towards the end of the forecast frame in 2028, registering a CAGR of 6.8%. The Cardiovascular devices are the devices utilized in the diagnosis or treatment of any Cardiovascular or related disorders.  It can be any apparatus, appliance or material which can serve the purpose of prevention, monitoring treatment and alleviation of the disease. The World Health Organization (WHO) suggests that cardiovascular disorders are one among cause for death across the world and accounts to about 32% of the global deaths. The changing lifestyles and rise in geriatric population is identified as the primary reason behind the threat of cardiovascular disorders. Around 3.9 million deaths in Europe was caused by these disorders, according to the European Heart Network.

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The market for these medical devices is fueled by the high prevalence of cardiovascular disease caused by bad lifestyle choices such as smoking, alcohol consumption, and hypertension, as well as a big senior population. Advances in science and technology have resulted in the development of minimally invasive treatment procedures for the condition, as well as increased public knowledge of treatment options. The growth curve has been moulded by appropriate medical reforms, as well as the appropriate cost-effective therapies helped by coverage and reimbursements. The market has also been boosted by strategic acquisitions and mergers, as well as primary product introductions. However, exorbitant gadget maintenance costs and a scarcity of experienced workers have become major roadblocks to the business.

Some Key Highlights From the Report:

• Product type segments include diagnostic and monitoring devices and surgical devices. Among these, the diagnostic and monitoring devices segment accounted for largest revenue share in 2020 due to compact design, ease of operation and data storage capabilities of these devices.  
• On the basis of application, the market report is segmented into coronary heart disease, sudden cardiac arrest, stroke, cerebrovascular heart disease and others. Among these, the coronary heart disease segment is expected to register a significantly rapid revenue CAGR during the forecast period.  
• On the basis of end-use, the market report is segmented into hospitals, cardiac diagnostic centres, ambulatory surgical centres. The cardiac diagnostic centres segment is expected to register largest revenue share over the forecast period due to availability of advanced healthcare services and treatments, equipment, and surgical devices and tools. They are also more economical than hospitals.  
• Asia Pacific cardiovascular device market is expected to register fastest revenue growth rate over the forecast period due to large-scale adoption of advanced cardiovascular equipment, solutions, software, as well as need for cardiovascular device implementation with rising cases of cardiovascular diseases in countries in the region.  
• Revenue from Europe cardiovascular device market is projected to account for a significantly larger revenue share over the forecast period. This can be attributed to rapid technological advancements in cardiovascular devices, rising incidence of coronary diseases, and increasing geriatric population in countries in the region.  
• Key players in the market include Terumo Corporation, Stryker Corporation, Abbott Laboratories, General Electric Company, Boston Scientific Corporation, Edwards Lifesciences Corporation, and W.L. Gore & Associates, Getinge Group and  Becton Dickinson and Company.

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Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of market trends in each of the sub-segments from 2018 to 2028. For the purpose of this study, Reports and Data has segmented the cardiovascular device market based on product type, end use and region.

Product Type Outlook (Revenue, USD Billion; 2020 – 2028)

• Diagnostic and monitoring devices
  • Electro cardiogram(ECG)
  • Echo cardiogram
  • Holter monitors
  • Event Monitors
  • PET scans
  • MRI scans
  • Cardiac CT
• Surgical Devices
  • Pacemakers
  • Stents
  • Catheters
  • Guidewire
  • Electrosurgical Procedures
  • Valves
  • Occlusion Devices

Application Outlook (Revenue, USD Billion; 2020 – 2028)

• Coronary Heart Disease
• Sudden Cardiac Arrest
• Stroke
• Cerebrovascular Heart Disease
• Others

End Use Outlook (Revenue, USD Billion; 2020 – 2028)

• Hospitals
• Cardiac Diagnostic Centres
• Ambulatory Surgical Centres

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Regional Outlook (Revenue, USD Billion; 2020 – 2028)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa

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Some points on how the report benefits stakeholders:

• The reports include historical (2019–2020) and forecast (2021–2030) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
• Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
• The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
• The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
• Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
• The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

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