Cardiovascular Devices Market Size 2021 with CAGR Value, Top Countries Data, Share Estimation, Challenges, Business Oppo


Cardiovascular Devices Market watch out for new highest revenue Study Reports 2021 with Top Countries Data, Future Estimations and Opportunity Analysis, Table of Content.

The global “Cardiovascular Devices” Market is prognosticated to reach USD 82.20 billion by 2026 on account of the increasing cases of cardiovascular diseases such as coronary artery disease, heart failure, congenital heart disease, heart attack, cardiomyopathy, and others. The increasing geriatric population and their vulnerability towards various chronic diseases, especially of the heart diseases is a major factor propelling the cardiovascular devices market growth.

This information is published in a recent report by Fortune Business insights™ titled, “Cardiovascular Devices Market Size, Share and Global Trend By Device Type (Diagnostic and Monitoring Devices, and Therapeutic and Surgical Devices), By Application (Coronary Artery Disease (CAD), Cardiac Arrhythmia, Heart Failure, and Others), By End User (Hospitals, Specialty Clinics, and Others), and Geography Forecast till 2026.” According to the report, the market size was USD 49.90 billion in 2018 and is projected to rise at a CAGR of 6.4% between 2019 and 2026.

Major Cardiovascular Devices Market Key players covered in the report include:

  • Terumo Cardiovascular Systems Corporation
  • Siemens Healthcare GmbH
  • Braun Melsungen AG
  • Johnson Johnson Services, Inc.
  • Abbott
  • Medtronic
  • Cordis (Cardinal Health)
  • LivaNova PLC
  • GENERAL ELECTRIC COMPANY (GE Healthcare)
  • Edwards Lifesciences Corporation
  • Boston Scientific Corporation
  • Others

 

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Global Cardiovascular Devices Market report covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Cardiovascular Devices Market Analysis 2021:

Major Growth Drivers:

Rising Prevalence of Cardiovascular Diseases to Boost Market

 

The most important factor driving the market is the increasing prevalence of cardiovascular diseases. This, coupled with the advent of advanced technological diagnostics for the diagnosis of heart diseases, is creating lucrative growth opportunities. Besides this, the increasing awareness and initiatives taken by regional governments are expected to propel the cardiovascular devices market growth. Additionally, major investments are made to cater to the rising demand for cardiovascular surgical devices, and this will help the market gain momentum in the forecast period.

 

However, the market may be negatively impacted by the inability of vendors to invest in research and development of cardiovascular systems following its inefficiency with reimbursement models. Nevertheless, the advent of advanced safety and remote monitoring in the latest devices is likely to create lucrative growth opportunities for the market in the long run.

Regional Analysis 

Presence of Major Vendors Strengthening North America Market Share

 

Geographically, the global cardiovascular devices market is widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America is holding the major cardiovascular devices market share, followed by Europe. This is on account of the presence of major manufacturers in Canada and the U.S. On the other side, the market in Asia Pacific is likely to earn significant cardiovascular device market revenue on account of the rise in prevalence of cardiovascular diseases and the regulatory scenario of the market. To cite an example, the government of India confirmed a reduction in stent prices as compared to the international market such as the U.S.  Such steps taken by the regional governments will help Asia Pacific market witness steady growth in the forthcoming years.

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Competitive Landscape –

Major Companies Aiming to Expand Product Portfolio Will Intensify Market Competition

 As per the 2018 records, three companies are holding the maximum cardiovascular devices market share, namely Boston Scientific Corporation, Medtronic, and Abbott. High revenue generation from these companies is attributable to the strong product portfolio, including heart valves, advanced stents, and other cardiovascular products. Cardiovascular devices market manufacturers are emphasizing on cardiopulmonary production, which will further help to earn high revenues, especially from previously untreatable patients.

Key Industry Developments of Cardiovascular Devices Market Include:

January 2019 – Medtronic launched a mobile app called MyCareLink Heart for linking a list of pacemakers to have a direct mode of communication with the patient’s smartphone.

October 2019 – Biotronik announced the launch of PK Papyrus Covered Coronary Stent in the United States for acute coronary perforations in case of emergency treatment.

Key questions answered in the report:

  1. What will the market growth rate of Cardiovascular Devices market in 2027?
  2. What are the key factors driving the global Cardiovascular Devices market?
  3. Who are the key manufacturers in Cardiovascular Devices market space?
  4. What are the market opportunities, market risk and market overview of the Cardiovascular Devices market?
  5. What are sales, revenue, and price analysis of top manufacturers of Cardiovascular Devices market?
  6. Who are the distributors, traders and dealers of Cardiovascular Devices market?
  7. What are the Cardiovascular Devices market opportunities and threats faced by the vendors in the global Cardiovascular Devices industry?
  8. What are sales, revenue, and price analysis by types and applications of Cardiovascular Devices market?
  9. What are sales, revenue, and price analysis by regions of Cardiovascular Devices industry?

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