Cardiovascular Devices Market Forecast Covering Growth Inclinations & Development Strategies until 2027: General Electric Company, Koninklijke Philips, Siemens AG, BD, B. Braun Melsungen, Edwards Lifesciences Corporation

Cardiovascular diseases (CVDs) are likely to remain the largest cause of morbidity and mortality across the world. The CVDs are the disorders of the heart and blood vessels and include cerebrovascular disease, coronary heart disease, rheumatic heart disease and other conditions. Some of the major lifestyle factors which leads to the cardiovascular disease and difficulties are use of tobacco, unhealthy diet, and physical inactivity increases the risk of heart attacks and strokes. Whereas, the other risk factors for the cardiovascular diseases are high blood pressure, diabetes, increased level of cholesterol levels. CVDs are among the top ten leading causes of death across the world, it affects more people as compared to any other disease. According to the World Health Organization, cardiovascular diseases are number one cause of the death across the world. As per WHO data published in 2017, states that, in 2016, approximately 17.9 million people died from CVDs, which was 31.0% of all the global deaths. Thus, owing to the factors the market is likely to grow during the forecast period.

The growth of the market is driven by the factors such as, significantly increasing prevalence of cardiovascular diseases and increasing elderly population. However, the market is likely to slower down its growth due to high cost of products and procedures in the region.

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The rising population of the elderly people is the major cause of the heart diseases in the region. The heart diseases are mostly pone to the elderly people due to weak immunity and major other health problems. For instance, the number of Americans above the age of 65 and older is anticipated to grow more than double from US$ 46 million in 2016 to above US$ 98 million by 2060, and the 65-and-older age group’s share in the world’s population will grow around 24%from 15 percent. In addition, as per the report of UN, in 2012, the number of older persons (aged 60 years or over) is expected to more than double. The number is estimated to reach around 2 billion in 2050 from 841 million in 2013. The number of older persons in the world is anticipated to be US$ 1.4 billion in 2030 and US$ 2.1 billion in 2050, and will rise above US$ 3.1 billion in 2100. The elderly population are more prompt to have atypical presentations, comorbid conditions, and unfavorable outcomes. The major reason for the disease are related to the structural and functional changes in the cardiovascular system associated with the aging.

Germany is expected to lead the market in the Europe region owing to increasing percentage of the incidences increases with the growing age and growing advanced technology. Moreover, rise in the prevalence of the cardiovascular diseases is majorly contributed by the elderly population helps to upsurge the market. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the Europe region during the forecast period.

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CARDIOVASCULAR DEVICES - MARKET SEGMENTATION

By Device
• Electrocardiography (ECG)
• Pacemaker
• Stent
• Defibrillator
• Cardiac Catheter
• Guidewire
• Heart Valve
• Event Monitor
• Others

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

By End User
• Hospitals
• Ambulatory Surgical Centres
• Cardiac Centers

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o Germany
o UK
o Spain
o Italy
• Asia Pacific (APAC)
o China
o India
o Japan
o Australia
o South Korea
• Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o UAE
• South America (SAM)
o Brazil
o Argentina

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This release was published on openPR.