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Cardiovascular Devices Market is geared to grow at a CAGR of 6.3% from 2023 to 2032, owing to growing prevalence of chronic cardiovascular diseases | insightSLICE

The global Cardiovascular Devices market size was estimated to be US$ 49 billion in 2021 and is expected grow at a CAGR of 6.3% between 2023 to 2032.

In the report “Cardiovascular Devices Market,” industry trends, research, and predictions for the years 2022–2032 are presented. Here 2020 represents the historical period, 2021 is the baseline period, and the projected period runs from 2022 through 2032.

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The research takes into account the competitive environment, and the report will give an overview of the major companies in the global market for cardiovascular devices as well as their market forecasts.

Our report will cover statistics about important companies, regional sales forecast, company strategies, R&D initiatives, workforce, and top-level managers for all significant business competitors.

The key players of the Global Cardiovascular Devices Market are:

A few of the major companies operating in the worldwide cardiovascular devices market which are covered in our report are Abbott Laboratories, Boston Scientific Corporation, Biotronik, Cardinal Health Inc., Canon Medical Systems Corporation, Medtronic PLC, Siemens Healthineers AG, Edwards Lifesciences, GE Healthcare, and W. L. Gore & Associates, Inc.

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Primary reasons for the growth of CVD device market:

The leading cause of mortality each year is cardiovascular disease, with heart attacks and stroke accounting for the bulk of fatalities. Approximately 18 million individuals died from cardiac ailments in 2016, according to data released by the World Health Organization.

The infrastructure for healthcare is being strengthened by healthcare authorities worldwide to handle the rising number of cardiac patients. In addition, reinforcement in the form of mobile devices and home care facilities is becoming more and more common in the treatment of cardiovascular devices.

Cardiovascular disease occurrences have been spurred by the predominance of lifestyle problems brought on by sedentary lifestyles.

Cardiovascular device producers are constantly working to create cutting-edge equipment for ambulatory surgical environments and home healthcare environments. During the forecast period, it is anticipated that the market for cardiovascular devices will expand significantly.

Statistics and data presented in this report:

This study covers an in-depth analysis of top businesses with a majority share of the global market, with a focus on significant players active in the global cardiovascular devices market. You may then use this to locate the business unit that deals with CVD devices.

The market shares of well-known companies in the global cardiovascular devices market will also be estimated. The report considers key competitive data, including company strategy, brand portfolio, key developments, SWOT analysis, including research & development priority of all cardiovascular device manufacturers.

The players involved in the industry’s distribution network and digital economy, as well as their contributions, will be considered in the analysis of the worldwide cardiovascular devices market. All of the goods in the industry’s cardiovascular devices business division would be the primary priority of the product offering segment.

Similarly, to this, the recent developments section would concentrate on the most recent corporate developments, including geographic expansion, new product introductions mergers and acquisitions, strategic alliances and collaborations, and regional alliances in the worldwide cardiovascular devices market.

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Global Cardiovascular Devices Market Key Segments:

By Product

  • Diagnostic and Monitoring
    • ECG
    • Holter Monitors
    • Event Monitors
    • Implantable Loop Recorders
    • Echocardiogram
    • Pet Scan
    • MRI
    • Cardiac CT
    • Doppler Fetal Monitors
  • Surgical Devices
    • Pacemakers
    • Stents
    • Catheters and accessories
    • Guidewires
    • Cannulae
    • Electrosurgical Procedures
    • Valves
    • Occlusion Devices

By Geography:

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Regional performance of Cardiovascular Devices Market

Due to the higher number of incidences of cardiovascular illnesses, the presence of top cardiovascular device manufacturers, and rising investments in R&D for cutting-edge medical equipment, North America accounted for the highest share of the global market for cardiovascular devices in 2019.

Due to the growing geriatric population and rising prevalence of cardiovascular diseases, Europe made up a significant portion of the global market for cardiovascular devices.

The region of Asia Pacific is anticipated to increase significantly in the next years as a result of rising investments in the construction of healthcare infrastructure, an increasing elderly population, changes in health insurance, and the manufacturing of medical devices.

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Last Updated: 02-Dec-2022