Press release
Cardiovascular Devices Market 2021 Development Status, Competition Analysis, Type and Application 2027
The Global “Cardiovascular Devices Market” research delves into detailed and insightful data on important variables such as regional growth, segmentation, and CAGR. The research contains a broad overview of the industry as well as a detailed explanation with a wealth of data. In addition, the production and management variety of end-user sectors. The research on the Cardiovascular Devices market for the review period of 2021 – 2027 includes an in-depth assessment of certain new and significant industry trends, a competitive analysis, and a thorough geographical analysis.In accordance with the Cardiovascular Devices market is set to grow at a CAGR of 8.8% over the forecast period (2021-2027).
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The main purpose of the Cardiovascular Devices Market report is to cover extensive analysis of key factors that affect the market growth and covers detailed market segmentation by types, applications, and regions. The market covers entire study patterns of the future market, as well as major driving elements. It also offers sector assessments and a thorough analysis of the main significant companies.
The study covers profiles of major companies operating in the Cardiovascular Devices Market:
Medtronic, Abbott Laboratories, Boston Scientific, Cardinal Health, Edwards Lifesciences
Recent Development:
January 2020, Medtronic PLC received the US Food and Drug Administration (FDA) approval for its Micra AV, the world’s smallest leadless pacemaker with atrioventricular (AV) synchrony.
Market segment by Type, covers:
Cardiac Rhythm Management (CRM) Devices
Interventional Cardiology Devices
Defibrillator Devices
Peripheral Vascular Devices
Prosthetic Heart Valve Devices
Others
Market segment by Application can be divided into:
Hospitals
Clinics
Others
Market Overview:
The cardiovascular devices market was valued at about USD 47,105 million in 2020
The COVID-19 pandemic impacted the production of cardiovascular devices in 2020. Furthermore, the delay of elective procedures due to COVID-19-related measures has adversely affected the cardiovascular medical devices market, especially in 2020. While some cardiovascular procedures are considered urgent, others have been postponed and delayed since the beginning of the global pandemic. Hence, lifestyle changes and medication can be temporarily prescribed instead of cardiovascular procedures for some patients. Another factor negatively impacting the market is the reduction in the diagnosis of cardiovascular diseases due to healthcare resources being reserved for COVID-19 patients. Many medical device companies have experienced losses in their cardiovascular devices business due to the pandemic. For example, Medtronic announced a 33% reduction in its cardiac and vascular business sector in its 2020 quarterly financial results.
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The United States is Expected to Dominate the Market Over the Forecast Period
The United States dominates the cardiovascular devices market, owing to the high prevalence of cardiovascular diseases, the high adoption rate of minimally invasive procedures, the presence of reimbursements, the rising geriatric population, and the high demand for continuous and home-based monitoring.
According to the American Heart Association Research Report 2018, heart disease accounts for 1 in 7 deaths in the United States. Coronary heart disease is the leading cause (43.8%) of deaths attributable to cardiovascular disease in the United States, followed by stroke (16.8%), heart failure (9.0%), high blood pressure (9.4%), diseases of the arteries (3.1%), and other cardiovascular diseases (17.9%).
Regional Outlook:
This research report focuses on Cardiovascular Devices market volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
Europe would enjoy the second spot where several factors like automation and better technical inclusion and Scope. The Asia Pacific region has better prospect in growing with a high CAGR in the coming years as the regional market would witness several changes in the infrastructure.
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Table of Contents: Cardiovascular Devices Market
Chapter 1: Cardiovascular Devices Market Product Definition
Chapter 2: Global Market Manufacturer Share and Market Overview
Chapter 3: Manufacturer Business Introduction
Chapter 4: Global Cardiovascular Devices Market Segmentation (Region Level)
Chapter 5: Global Cardiovascular Devices Market Segmentation (Product Type Level)
Chapter 6: Global Market Segmentation (Industry Level)
Chapter 7: Global Market Segmentation (Channel Level)
Chapter 8: Market Forecast 2021-2027
Chapter 9: Segmentation Product Type
Chapter 10: Segmentation Industry
Chapter 11: Cost of Production Analysis
Chapter 12: Conclusion
Impact of COVID-19:
The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.
Report Customization:
The Global Cardiovascular Devices Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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