Press release
Canada Cardiovascular Devices Market 2020 Research by Experts– Abbott Laboratories, Boston Scientific Corporation
Canada Cardiovascular Devices Market - Growth, Trends, and Forecasts (2020 - 2025)The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Canada Cardiovascular Devices Market on the basis of stating current situation of the industry in 2020.
This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It offers critical information pertaining to the current and future growth of the market.
The Canada Cardiovascular Devices Market is expected to register a CAGR of 3.8% during the forecast period.
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Competitive Landscape
The Canada cardiovascular devices market is consolidated competitive. The major players have established themselves in specific segments of the market. Some of the players who are currently dominating the market are Abbott Laboratories, Boston Scientific Corporation, Medtronic PLC, Cardinal Health Inc., Biotronik, and Siemens Healthineers AG.
The major factors driving the growth of the market in Canada are due to the increasing burden of cardiovascular diseases and increased adoption of minimally invasive procedures.
As per the Heart and Stroke Foundation 2019 report, each year more than 62,000 people get attack with stroke in Canada, and that number is expected to rise. More than 405,000 people in the country live with the effects of stroke. Furthermore, the number of people who die in the hospital within 90 days is 7.6 times higher for people with heart valve disease and heart failure in comparison to heart valve disease alone.
As per the Heart & Strokes analysis of Canadian hospitalization data, between 2007-2017, there was a 68% increase in hospitalizations across all age groups for heart valve disease. Thus, owing to the high prevalence of heart diseases in Canada which is expected to show a significant growth rate over the forecast period.
The Main objectives of this report are:
• To analyze global Canada Cardiovascular Devices status, future forecast, growth opportunity, key market and key players.
• To present the Canada Cardiovascular Devices development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.
Key Market Trends
Electrocardiogram (ECG) is Expected to Dominate the Diagnostic And Monitoring Segment Over the Forecast Period
An electrocardiogram (ECG) records the electrical signals from the heart. It is a common and painless test used to detect heart problems and monitor the heart's health.
Currently, there are portable and compact electrocardiogram (ECG) is driving its greater adoption, especially in the home healthcare segment. Moreover, a high prevalence of cardiovascular diseases (CVD) in Canada wherein long-term ECG monitoring is necessary and with the introduction of wireless ECG, doctors can monitor and diagnose the patient remotely on time, which further fuels the market growth.
As per the Heart and Stroke Foundation 2019 report, in Canada, each more than 5,000 people die due to heart failure. In fact, at least 600,000 people in Canada live with heart failure and 50,000 new cases are diagnosed each year. Thus, owing to the above factors the segment is expected to show growth in the near future.
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The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Table of Contents: -
1. Global Canada Cardiovascular Devices Market Overview
2. Global Canada Cardiovascular Devices Market Competitions by Manufacturers
3. Global Canada Cardiovascular Devices Capacities, Production, Revenue (Value) by Region
4. Global Canada Cardiovascular Devices Supply (Production), Consumption, Export, Import by Region
5. Global Canada Cardiovascular Devices Productions, Revenue (Value), Price Trend by Type
6. Global Canada Cardiovascular Devices Market Analyses by Application
7. Global Canada Cardiovascular Devices Manufacturers Profiles/Analysis
8. Canada Cardiovascular Devices Manufacturing Cost Analysis
9. Industrial Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analyses, Distributors/Traders
11. Market Effect Factors Analysis
12. Global Canada Cardiovascular Devices Market Forecast
13. Research Findings and Conclusion
14. Appendixes
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Furthermore, this study will help to solve the following issues:
• Cyclical Dynamics-Report foresee dynamics of industries by using core analytical and unconventional market research approaches.
• Identifying key cannibalizes– Strong substitute of a product or service is the most prominent threat. Report includes key cannibalizes of a market, by procuring market research. This helps in aligning new product development/launch strategies in advance.
• Spotting emerging trends- Report helps to spot upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by a particular emerging trend.
• Interrelated opportunities- This report will allow to make decisions based on data, thereby increasing the chances that the strategies will perform better.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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