Cardiovascular Devices Market : Global Scenario, Leading Players and Growth by 2030

Market Statsville Group (Part of Statsville Consulting Pvt. Ltd.)
The global cardiovascular devices market is forecast to reach 47.1 billion in 2021 and reach 72.28 billion in 2027, with a CAGR of 7.40% over the forecast period 2021-2027. Cardiovascular devices are medical devices used to diagnose and cure heart disease and other heart problems. These devices play an important role in the prevention and treatment of cardiovascular diseases. On average, one American dies every 40 seconds from cardiovascular disease. Cardiovascular disease (CVD) accounted for 8,00,000 deaths in the United States in 2017, according to the American College of Cardiology. Cardiovascular diseases are the leading cause of death worldwide. The ever-increasing global burden of heart disease-related deaths will continue to lead to a thriving demand for cardiovascular devices in the global market during the forecast period. During the global COVID-19 pandemic, the global cardiovascular devices market is one of the hardest-hit segments worldwide. Some of the world's leading cardiovascular equipment manufacturers, like Medtronic, reported huge losses in their cardiology sales through 2020 and are now recovering.

Key dynamics affecting the cardiovascular devices market
The prevalence of chronic heart disease, the rapidly increasing rate of sedentary lifestyle adoption, particularly due to growing work from home, unhealthy routine habits such as high blood pressure, smoking, alcohol consumption, along with an increasing geriatric population and technological advances, are key factors driving growth of the market during the forecast period. In the field of diagnostics and monitoring, a new generation of compact and portable EGCs is driving their high acceptance, particularly in the home healthcare segment. In addition, with the advent of wireless ECG, the doctor can diagnose and monitor the patient remotely in time, further accelerating the market growth. On the other hand, factors such as high equipment maintenance costs, lack of qualified personnel,

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Impact of COVID-19 on Cardiovascular Devices Market
The outbreak of the COVID-19 pandemic has negatively impacted the global cardiovascular device industry in more ways than one. Production experienced a fairly sustained, sudden slump in the first few months of the pandemic-related nationwide lockdown. Sales also suffered a severe setback as a large number of active procedures were delayed as they fell into the non-emergency category during the critical COVID-19 times. On the other hand, the diagnostics of cardiovascular diseases took a back seat due to the insufficient availability of resources dedicated specifically to cardiology wards in hospitals. This is due to the reduction in cardiovascular disease diagnosis due to health resources reserved for COVID-19 patients. During the beginning of the pandemic, regular check-ups and diagnostics were postponed,

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scope of the report
The report outlines the global Cardiovascular Devices Market study based on device type and end-user.

Based on device type, the cardiovascular devices market is segmented into:

Electrocardiography (ECG)
cardiac catheter
Heart valve, pacemaker
Defibrillator
event monitor
guide wire
Others
Based on End User, the Cardiovascular Devices market is segmented into

heart centers
outpatient
surgery centers
hospitals
Regional Outlook for Cardiovascular Devices Market
The global cardiovascular devices market is geographically segmented into North America, Asia-Pacific, Europe, South America, and Middle East and Africa (MEA). North America is expected to dominate the global cardiovascular devices market with the largest market share during the forecast period. The dominance of this region is mainly attributed to the increasing awareness of commercially available products, the high acceptance of advanced surgical treatments, the presence of a geriatric population and a sedentary lifestyle. In addition, the increasing adoption of home health care devices as a result of government penalties imposed on hospitals for patient readmissions is increasing

Asia Pacific is expected to register a healthy CAGR growth rate in the Cardiovascular Devices market during the forecast period. This growth is attributed to the rising prevalence of heart disease. Various hospitals invest in the acquisition of the most modern equipment; Increasing R&D activities to develop cutting-edge cardiovascular devices are important factors driving market growth in the region. In addition, the growing medical tourism sector in Asia-Pacific is expected to boost cardiovascular demand, particularly in India, China, Thailand, Japan and Malaysia.

Analysis of the competitive landscape
Leading cardiovascular equipment manufacturers in the global market include Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Cardinal Health Inc., Edward Lifesciences and Biosense Webster, Inc. (Johnson & Johnson). Other cardiovascular equipment manufacturers include Cook Medical, Sahajanand Medical Technologies, Siemens AG, BD, General Electronic Company, B. Braun Melsungen AG, Koninklijke Philips NV, St. Jude Medical, Inc., and Becton, Dickinson, and Company.

In February 2019, Cook Medical received U.S. Food and Drug Administration (FDA) approval for its Zenith Endovascular Aortic Dissection System.
In March 2018, Sahajanand Medical Technologies partnered with Cardinal Health to provide Cardinal Health access to the rapidly growing Indian cardiology market.
The Cardiovascular Devices Market report provides an in-depth analysis of the macroeconomic factors along with the market attractiveness of each segment. The report will provide an in-depth qualitative and quantitative assessment of the segmental/regional prospects with market participants in each segment and each region/country. The information summarized in the report includes the input from industry participants and industry experts from across the value chain.

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The Cardiovascular Devices market report encompasses an exhaustive analysis
Market segmentation and regional analysis
Market size of 10 years
price analysis
Supply and demand analysis
Product Life Cycle Analysis
Porter's five forces and value chain analysis
Analysis of industrialized and emerging countries
PEST-Analyse
Market and forecast factor analysis
Market opportunities, risks and trends
Conclusion & recommendation
regulatory landscape
Patentanalyse
competitive landscape
Over 15 company profiles
The regional analysis of the Cardiovascular Devices Market includes
North America (USA, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, Great Britain, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, rest of Asia Pacific)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
Cardiovascular Devices Market Target
Manufacture of cardiovascular equipment
Cardiovascular equipment distributors and raw material suppliers
Tier 1 component suppliers
Manufacturer of batteries for cardiovascular equipment
research institutes and universities
Specialist publications and magazines
Authorities, associations and organizations
Independent aftermarket players

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