Press release
Cardiovascular Device Market Global Trends, Industry Analysis, Size, Share, Growth Factors and Forecast 2029
The Cardiovascular Device Market, forecasted to grow at a 6.8% CAGR, is poised to reach nearly US$ 91.53 billion by 2029.Market Scope:
The market's growth is propelled by factors such as unhealthy living habits, including smoking and alcohol consumption, a surge in the geriatric population, and advancements in technology. The prevalence of CVDs emphasizes the need for effective and cost-efficient treatments, with insurance and reimbursements playing a crucial role. Noteworthy developments include the emergence of the mobile cardiac telemetry (MCT) system, revolutionizing cardiac monitoring for patients.
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Cardiovascular Device Market Dynamics
Introduction and Market Dynamics:
Cardiovascular disorders, encompassing conditions affecting blood vessels, are a critical health concern globally. The market analysis indicates that the Electrocardiography (ECG) segment is anticipated to witness substantial growth, driven by technological advancements. Leading players like Medtronic, Abbott, and W. L. Gore & Associates are securing approvals for innovative cardiovascular devices. Unhealthy lifestyle habits and an aging population contribute to the high incidence of cardiovascular diseases (CVDs), making them a leading cause of global mortality.
Market Segment Analysis:
by Application
• Stroke
• Cerebrovascular Heart Disease
• Coronary Heart Disease
• Sudden Cardiac Arrest
• Others
The ECG segment holds a significant share of at least 40%, with portable and compact ECG gaining traction, especially in home healthcare. Long-term ECG monitoring is crucial for various cardiovascular diseases, and wireless ECG technology facilitates remote patient monitoring and diagnosis.
by End-User
• Cardiac Centers
• Hospitals
• Ambulatory Surgical Centers
In 2021, coronary heart disease dominated the market, holding a substantial share of 41.9%. The rising incidence of this disease is expected to maintain its market share in 2029.
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Who are Cardiovascular Device Market Key Players?
• Siemens AG
• BD
• B. Braun Melsungen AG
• Edwards Lifesciences Corporation
• Medtronic
• Biosense Webster, Inc (Johnson and Johnson)
• General Electric Company
• Koninklijke Philips N.V
• Boston Scientific Corporation
• Abbott
• Jarvik Heart
• Maquet Cardiovascular
• Merit Medical Systems
• On-X Life Technologies
• Orbusneich
• St. Jude Medical
• Sorin Group
• Spectranetics
• Sunshine Heart
• Syncardia Systems
• Thoratec
• Volcano
Table of content for the Cardiovascular Device Market includes:
Part 01: Executive Summary
Part 02: Scope of the Cardiovascular Device Market Report
Part 03: Cardiovascular Device Market Landscape
Part 04: Cardiovascular Device Market Sizing
Part 05: Cardiovascular Device Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Insights:
The North America market, valued at US$ ** million in 2021, is expected to grow with a CAGR of **%, driven by technological trends and an aging population. Medical tourism in Mexico is anticipated to positively impact the North American market. Asia Pacific is poised for rapid growth, led by Japan and China, where factors like an aging population and lifestyle-related issues contribute to the prevalence of cardiac diseases.
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About Maximize Market Research:
Maximize Market Research is a swiftly growing enterprise that specializes in market research and corporate advisory services, serving clients globally. With our substantial impact on revenue and unwavering commitment to research excellence, we have positioned ourselves as a trusted partner to a significant portion of Fortune 500 companies. Our comprehensive range of services caters to a diverse array of industries, including but not limited to IT, telecommunications, chemicals, food and beverages, aerospace and defense, healthcare, and beyond.
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