European cardiovascular devices market is projected to grow at a significant CAGR of 3.5% during the forecast period. The rising geriatric population is raising prevalence of prevalence of CVD cases in the region. According to the European Commission, the share for the geriatric population has increased in 2008 and 2018. The proportion of working age population in the EU-28 is shrinking, whereas the number of those retired is expanding continuously. The share of geriatric population in the total population is expected to continuously increase in the coming decades, as a greater proportion of the post-war baby-boom generation reaches retirement.
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According to the European Commission, the population of the EU-28 in January 2018 was estimated at 512.4 million. Such huge presence of geriatric population is augmenting the demand for cardiovascular devices in the region. Moreover, the key market players generate significant revenue from European economies, such as UK, Germany, France, and Italy. The factor behind the huge revenue generation of the market players is the rising geriatric population, developed healthcare infrastructure, and significant demand for novel cardiovascular devices in the region. Considering these factors, it is estimated that a substantial market for cardiovascular devices will be generated in Europe during the forecast period.
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Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Type
- Countries Covered- UK, Germany, France, Spain, Italy, RoE
- Key Companies Profiled- Abbott Laboratories, Boston Scientific Corp., Edwards Lifesciences Corp., Medtronic PLC, Terumo Corp., and Becton, Dickinson and Co.
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline
o Deviation from pre-COVID
o Most affected region/segment
o Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European Cardiovascular Devices Market – Segmentation
By Type
- Diagnostic and Monitoring Devices
o MRI
o Electrocardiogram (ECG)
o Remote Cardiac Monitoring
o Cardiac CT
o Others (PET scan)
- Surgical Devices
o Stents
o Catheters
o Cardiac Assist Devices
o Cardiac Rhythm Management Device
o Others (Heart Valves and Grafts)
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