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Canada Cardiovascular Devices Market Key Developments Forecast 2022 To 28

02-02-2023 08:13 AM CET | Health & Medicine

Press release from: Precision Business Insights

Canada Cardiovascular Devices Market Key Developments

The canada cardiovascular devices market size was valued at USD x billion in 2021, growing at a CAGR of 4.0% during the forecast period 2022 to 2028. Cardiovascular devices are a broad category of medical equipment used to diagnose and treat heart conditions and other related health issues. They are made to support surgical operations and illness monitoring. Stents, heart valves, grafts, catheters, electrocardiogram (ECG), remote cardiac monitoring, and cardiac assist devices are a few of the frequently utilised cardiovascular equipment. Cardiovascular devices are widely used in the healthcare industry because they help to successfully manage life-threatening illnesses, reduce patient suffering, and improve quality of life. These days, manufacturers are concentrating on creating cutting-edge implantable cardiovascular devices, which is driving up demand for them all around the world.

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Canada Cardiovascular Devices Market Growth Factors:
The global market for cardiovascular devices is growing as a result of the dramatic rise in the frequency of chronic heart diseases. This encourages a broader adoption of cardiac equipment with higher technology for both surgical and diagnostic purposes. As a result, the market has grown, especially in developing countries like India. Crucial cardiovascular treatment equipment like coronary stents have also become much less expensive. For example, a study conducted by the Harvard T.H. Chan School of Public Health (HSPH) discovered that a decrease in the price of coronary stents in the Indian state of Maharashtra was followed by a jump of 44.0% in the number of persons receiving cardiac treatments.

The demand for these gadgets is projected to continue expanding rapidly, hence major market players should actively participate in RD projects. It is predicted that this would lead to the release of innovative products that will improve the condition of cardiac patients. Additionally, it is anticipated that these novel product developments would generate a substantial patient base. The market for cardiovascular devices is also anticipated to grow rapidly over the course of the projected period due to the sharp increase in cardiovascular diseases across all nations.

Canada Cardiovascular Devices Market Segmentation:
1) By Product: Diagnostic and Monitoring, Surgical Devices.
2) By Application: Coronary Heart Disease, Sudden Cardiac Arrest, Stroke, Cerebrovascular Heart Disease, Others.
3) By End-User: Hospitals, Ambulatory Surgical Centres, Cardiac Centers.

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Canada Cardiovascular Devices Market Regional Analysis:
North America dominated the market for cardiovascular devices worldwide. The region's demand for cardiovascular devices is increasing as a result of the presence of several prominent manufacturers there as well as the rising prevalence of cardiovascular disorders in the US. The American Heart Association estimates that in the US in 2020, approximately 18.5 million deaths were attributed to cardiovascular illnesses. The expansion of the industry has been significantly influenced by rising healthcare costs and easier access to healthcare facilities. The demand for various cardiovascular devices has also been fueled by the population's greater adoption rate of cutting-edge medical gadgets.

Major players working in the canada cardiovascular devices market are Terumo Cardiovascular Systems Corporation, Siemens Healthcare GmbH, B. Braun Melsungen AG, Johnson & Johnson Services, Inc., Abbott, Medtronic, GENERAL ELECTRIC COMPANY (GE Healthcare), Edwards Lifesciences Corporation, Boston Scientific Corporation.

Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Kemp House, 152 - 160 City Road, London EC1V 2NX
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About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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