Global Cardiovascular Devices Market is anticipated to grow significantly in the forecast period owing to the changing lifestyle and prevalence of chronic disorders associated with the heart. Cardiovascular devices diagnose and treat heart disorders and related health issues. Several types of cardiovascular devices are available with respect to different heart disorders. The majorly used devices are endovascular grafts, coronary stents, artificial heart valves, and angioplasty balloon catheters.
The demand for cardiovascular devices is majorly driven by the rising prevalence of heart-related issues, which ultimately stimulates cardiovascular devices industry. Also, growing demand for minimally invasive procedures benefit patients with less pain, reduced chances of infections, less period of hospital stay, and speedy recovery from disorders are the advantages faced by patients. These advantages along with growing number of conditions like diabetes, obesity are encouraging the growth of cardiovascular devices market.
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Moreover, technical modernizations in cardiac devices are expected to have stronger impacts on cardiovascular devices industry in the near future. However, strict legislations and protocols, significant cost of devices and lack of skilled healthcare staff is majorly obstructing cardiovascular device market. The market is witnessing trends like increasing mergers & acquisitions (manufacturing companies of cardiovascular devices) and speedy product launches.
Cardiovascular devices industry is categorized on the basis of product type and geography. On the basis of product type, the market is divided into electrophysiology devices, cardiac diagnostics & monitoring devices, interventional cardiac devices, peripheral vascular devices, cardiac prosthetic devices, cardiac rhythm management (CRM), etc. Cardiac diagnostics and monitoring segment is expected to hold larger share owing to cardiac rhythm management, portability and compact design.
Geographically, cardiovascular devices market is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. North America leads the market owing to increasing investment and developed healthcare infrastructure. The key players in cardiovascular device industry include Abbott Vascular, Aboimed, Inc., Biotronik SE & Co. KG, Johnson & Johnson, B. Braun Melsungen AG, Cordis Corporation, Boston Scientific Corporation, Cardinal Health Inc., Cook Medical, Inc., GE Healthcare, among others.
Market Segment:
Cardiovascular Devices Market, by Product, 2013 - 2024 (USD Billion)
- Diagnostic and monitoring devices
- ECG
- Holter monitors
- Event monitors
- Cardiovascular diagnostic catheters
- Implantable loop recorders
- Echocardiogram
- PET scan
- MRI
- Cardiac CT
- Myocardial Perfusion Scans
- Doppler fetal monitor
- Others
- Surgical devices
- Pacemakers
- Stents
- Catheters and accessories
- Guidewires
- Cannulae
- Electrosurgical procedures
- Valves
- Occlusion devices
- Others
Cardiovascular Devices, by Region, 2013 - 2024 (USD Billion)
- North America
- U.S. Cardiovascular Devices Market, by Product
- Canada Cardiovascular Devices Market, by Product
- Europe
- Germany Cardiovascular Devices Market, by Product
- U.K. Cardiovascular DevicesMarket, by Product
- Asia Pacific
- China Cardiovascular Devices Market, by Product
- India Cardiovascular Devices Market, by Product
- Latin America
- Brazil Cardiovascular Devices Market, By Product
- Mexico Cardiovascular Devices Market, By Product
- MEA
- South Africa Cardiovascular Devices Market, By Product
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