Cardiovascular Devices Market to reach US$ 71.1 Bn in 2027 - Top Companies Medtronic, Edwards Lifesciences, Biosense Webster, Abbott

Global cardiovascular devices market was segmented by device, application and end user. The device segments was classified as electrocardiography (ECG), pacemaker, stent, defibrillator, cardiac catheter, guidewire, heart valve, event monitor, and others. Based on the application it is divided into coronary heart disease, sudden cardiac arrest, stroke, cerebrovascular heart disease and others. And on the basis of the end user the market is classified as hospitals, ambulatory surgery centers, and cardiac centers.

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The market for cardiovascular devices is expected to grow significantly due to factors significantly increasing prevalence of cardiovascular diseases, rising developments for cardiovascular devices, and increasing elderly population. However, the factors such as rigorous regulations for approval and high cost of products and procedures are likely to act as restraining factors for the cardiovascular devices market.

The global cardiovascular devices market accounted to US$ 40.8 Bn in 2018 and is expected to grow at a CAGR of 6.5% during the forecast period 2019 - 2027, to account to US$ 71.1 Bn by 2027.

Here we have listed the top Cardiovascular Devices Market companies in the world

Medtronic, Boston Scientific Corporation, Abbott, Biosense Webster, Inc (Johnson and Johnson), General Electric Company, Koninklijke Philips N.V, Siemens AG, BD, B. Braun Melsungen AG and Edwards Lifesciences Corporation.

The market is has provided inorganic growth strategies to these companies by various market consolidations. For instance, in January, 2019 Edward Lifesciences Corporation announced completion of CAS Medical Systems, Inc. The acquisition, has enhanced the critical care portfolio of the company.

The global cardiovascular devices market by end user segments was led by hospitals segment. In 2018, the hospitals held a largest market share of 61.9% of the cardiovascular devices market, by end user. This segment is also expected to be the fastest growing segments the market in 2027 owing to advancements in the infrastructures of hospitals, offering various services and facilities and others.

The report segments the global cardiovascular devices market as follows:

Global Cardiovascular Devices Market - By Device
Electrography (ECG)
Pacemaker
Stent
Defibrillator
Cardiac Catheter
Guidewire
Heart Valve
Event Monitor
Others
Global Cardiovascular Devices Market - By Application
Coronary Heart Disease
Sudden Cardiac Arrest
Stroke
Cerebrovascular Heart Disease
Others
Global Cardiovascular Devices Market - By End User
Hospitals
Ambulatory Surgical Centers
Cardiac Centers

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