North American cardiovascular devices market is projected to grow at a significant CAGR of 5.6% during the forecast period. The market growth in North America can be attributed to the rising geriatric population, frequent US FDA approvals for innovative cardiovascular devices, and the growing adoption of minimally invasive/non-invasive cardiac surgeries. There are several cardiac health organizations working in the US, such as American Heart Association. The geriatric population is more inclined to the risk of heart strokes. According to the WHO, the incidence and prevalence rate of heart attacks are highest in North America, which is responsible for 0.7 million fatalities each year.
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Along with the US, Canada also contributes significantly in the cardiovascular devices market in the region. According to the Heart & Stroke Foundation in Canada, 1.6 million fatalities occur every year due to stroke and at least 1.3 million Canadians live with heart disease. This fact is further supporting the growth of cardiovascular devices market in North America. Moreover, the presence of some of the key players in the region, such as Abbott Laboratories, Boston Scientific Corp., and Edwards Lifesciences Corp., is another factor contributing significantly in the growth of the North American cardiovascular devices market.
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Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Type
- Countries Covered- US and Canada
- Key Companies Profiled- Abbott Laboratories, Boston Scientific Corp., Edwards Lifesciences Corp., Medtronic PLC, Terumo Corp., Becton, Dickinson and Co., Getinge AB, VitalConnect, Inc., and Johnson & Johnson Services, Inc.
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?
North American 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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