Press release
Global Cardiovascular Devices Market worth USD 91.9 billion by 2031 | Abbott Laboratories, Braun Melsungen AG, Becton, Dickinson, and Company
Global Cardiovascular Devices Market
Read more about Cardiovascular Devices Market here: https://www.globalinsightservices.com/reports/cardiovascular-devices-market/
The global cardiovascular devices market size was USD 53.3 billion in 2021 and is anticipated to reach USD 91.9 billion in 2031, growing at a rate of 5.2% from 2022 to 2031.
Cardiovascular diseases (CVDs) are a group of disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other conditions. Cardiovascular devices such as stents, catheters, grafts, and others are used to treat CVDs efficiently.
Market Trends and Drivers:
The cardiovascular devices control irregularities caused by the heart's electrical systems, such as irregular heartbeat and heart rhythm disorders. When medication, lifestyle changes, or other treatments do not work, an implantable device may be recommended. Certain factors that are boosting the cardiovascular devices market growth include a rise in the use of ambulatory and home services for cardiac monitoring, the increasing prevalence of cardiovascular disorders, favorable reimbursement policies, and technological advancements.
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Market Segments:
By Type
Diagnostic & Monitoring Devices
Therapeutic & Surgical Devices
By Application
Cardiac Rhythm Management & Heart Failure
Coronary Vascular
Structural Heart
Peripheral Vascular
Key Players:
Abbott Laboratories
Braun Melsungen AG
Becton, Dickinson, and Company
Biotronik SE & Co. KG
Boston Scientific Corp.
Cardinal Health Inc.
Cook Medical
Koninklijke Philips N.V.
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