The global cardiovascular devices market is growing at a significant CAGR of around 6.1% during the forecast period (2020-2026). The market is driven by the growing healthcare spending, rising geriatric population, and rising prevalence of cardiovascular diseases (CVD) across the globe. The heart diseases are considered one of the leading cause of mortalities across the globe. According to the World Health Organization (WHO), around one million of mortalities occurs due to the CVD globally, accounting for around 17.9% million lives each year. Such rise in mortalities possesses a burden on healthcare sector of every country to improve their diagnostic and treatment facilities. This includes the introduction of technologically advanced diagnostic devices and advanced surgical instruments.
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The market players are regularly enhancing their capabilities in the cardiovascular devices market. This includes the launch of portable, easy to use, and minimal size devices for the diagnosis and treatment of CVD. A range of wearable devices are introduced in the market that can monitor heart conditions of the person. These technologically advanced devices are spurring the global cardiovascular devices market growth. Moreover, the fast-moving lifestyle with a huge workplace stress and unhealthy dietary habits will further lead to the increase in CVD cases globally, which in turn, will drive the market growth during the forecast period. However, the high cost of instruments and stringent regulatory policies will affect the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Cardiovascular Devices Market by Type
- Diagnostic and Monitoring Devices
- MRI
- Electrocardiogram (ECG)
- Remote Cardiac Monitoring
- Cardiac CT
- Others (PET scan)
- Surgical Devices
- Stents
- Catheters
- Cardiac Assist Devices
- Cardiac Rhythm Management Device
- Others (Heart Valves and Grafts)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abbott Laboratories
- Braun Melsungen AG
- Becton, Dickinson and Co.
- Biotronik, Inc.
- Boston Scientific Corp.
- Cardinal Health Inc.
- Cook Medical, Inc.
- Edwards Lifesciences Corp.
- Fresenius SE & Co. KGaA
- GE Healthcare (General Electric Co.)
- Getinge AB
- Johnson & Johnson Services, Inc.
- Koninklijke Philips N.V.
- Lepu Mdicial Technology (Beijing) Co., Ltd.
- Medtronic PLC
- Siemens AG
- Smith & Nephew PLC
- Stryker Corp.
- Terumo Corp.
- VitalConnect, Inc.
- L. Gore & Associates, Inc.
- ZOLL Medical Corp.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cardiovascular devices market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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