Cardiovascular Devices Market Trends, Business Overview, Industry Growth and Forecast to 2028

The Cardiovascular Devices Market was valued at about USD 45,105 million in 2020, and it is expected to register a CAGR of 6% over the forecast period, 2022-2028. Cardiovascular devices are medical devices designed to monitor, prevent, diagnose and treat diseases related to the cardiovascular system or heart-related diseases. The wide variety of cardiovascular devices available on the market include electrocardiograms (ECGs), pacemakers, stents, defibrillators, cardiac catheters, guidewires, heart valves, event monitors, and more. These devices help regular heart function in people with heart problems. The growth of the global cardiovascular devices market is due to the significant increase in the prevalence of cardiovascular diseases, the increasing development of cardiovascular devices and the growing geriatric population. However, strict regulations on approvals and high cost of products and procedures are major factors hindering market growth.

 

Market Segments

By Device

• Electrocardiography (ECG)
• Pacemaker
• Stent
• Defibrillator
• Cardiac Catheter
• Guidewire
• Heart Valve
• Event Monitor
• Others

By Application

• Coronary Heart Disease
• Sudden Cardiac Arrest
• Stroke
• Cerebrovascular Heart Disease
• Others

By End- User

• Hospitals
• Ambulatory Surgical Centres
• Cardiac Centers

Key Players

Major players operating in the cardiovascular devices vertical include but are not limited to Medtronic; Becton, Dickinson and Company; Cardinal Health, Inc.; Boston Scientific Corporation; B. Braun Melsungen AG; Abbott Laboratories, Inc.; Cook Medical, Inc.; Terumo Cardiovascular Systems Corporation; and St. Jude Medical, Inc.

Scope of the Report

The research study analyzes the global Cardiovascular Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Cardiovascular Devices Market Report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?