Cardiovascular Devices Market Expected To Witness A Sustainable Growth Size And Set Garner Staggering Revenues Over Covid-19 2023

The Business Research Company offers "Cardiovascular Devices Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global cardiovascular devices market is expected to decline from $53.6 billion in 2019 to $44 billion in 2020 at a compound annual growth rate (CAGR) of -18%. The decline is mainly because of the lockdown measures due to the COVID-19 outbreak. The decrease in the demand for cardiovascular devices due to decreased number of cardiac surgeries for reasons such as re-scheduling of surgeries, cancellations and no-show by patients, coupled with the restrictions by government and health authorities to shutdown factories manufacturing these devices to contain the spread of virus and keep the staff safe, contribute to this decline. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $69.3 billion in 2023.

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The cardiovascular devices (or) equipment market consists of sales of cardiovascular devices and related services by entities (organizations, sole traders and partnerships) that produce cardiovascular devices used in diagnosing and treating cardiovascular diseases. This industry includes establishments that produce devices such as cardiovascular surgery devices, cardiac rhythm management (CRM) devices, interventional cardiology devices, peripheral vascular devices, electrophysiology devices and other devices used in cardiovascular surgeries, treating arrhythmia and other cardiovascular diseases.

Demand for minimally-invasive cardiac surgeries is increasing as they are less disruptive and traumatic for the human body, and result in less post-surgical recovery time and improved efficiency. These techniques may be suitable for certain procedures involving the heart valves and certain types of routine bypass surgeries.

Cardiovascular Devices Market Segmentation: -
By Type
1. Cardiovascular Surgery Devices And Equipment
2. Cardiac Rhythm Management (CRM) Devices And Equipment
3. Interventional Cardiology Devices And Equipment
4. Defibrillator Devices And Equipment
5. Peripheral Vascular Devices And Equipment

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Few Points From Table Of Content:
1. Executive Summary
2. Report Structure
3. Cardiovascular Devices Market Characteristics
4. Cardiovascular Devices Market Product Analysis
5. Cardiovascular Devices Market Supply Chain
...........
19. Cardiovascular Devices Market Competitive Landscape
20. Key Mergers And Acquisitions In The Cardiovascular Devices Market
21. Market Background: Medical Equipment Market
22. Recommendations
23. Appendix

The report covers the trends and market dynamics of the cardiovascular devices market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the cardiovascular devices market are Medtronic plc; Abbott Laboratories; Boston Scientific Corporation; Cardinal Health Inc; Edwards Lifesciences

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