Global Cardiovascular Devices Market by Product (Event monitors, Diagnostic-Monitoring: ECG, CT, Valves, Occlusion devices, Electrosurgical procedures, Holter monitors, PET, Stents, Echocardiogram, Cannulae, Implantable loop recorders, MRI, Doppler fetal monitor; Surgical: Pacemakers) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global cardiovascular devices market in 2015 was worth over 33 billion dollars. It is expected to grow at 6.6% CAGR over the forecast period. A high number of heart diseases has been attributed to the rising prevalence of chronic heart conditions and sedentary lifestyles.

China Diagnostics and Monitoring Devices Market by Type, 2014-2024 (USD Million).

Due to their high vulnerability to developing heart diseases, the increasing geriatric population is also fueling the rise in cases of heart disease. The large target population has a positive impact on the growth of cardiovascular markets.

In the United States, penalties are being imposed on hospitals and other healthcare facilities in order to reduce readmissions. This has led hospitals to promote remote patient monitoring and home healthcare, which is driving the demand for cardiac monitors. However, the industry's growth is being hampered by factors like high maintenance costs and stringent product approval processes.

Product Insights

The market for cardiovascular devices worldwide has been divided into surgical and diagnostic devices. Further, the diagnostic and monitoring devices segment can be divided into ECG, Holter and event monitors and implantable loop recorders. This segment is expected to grow at a moderate rate over the forecast period.

ECG was the dominant diagnostic and monitoring device market with the highest revenue share in 2015. ECG's compact and portable designs are increasing in popularity worldwide. Event monitors allow data storage which makes them more popular in point-of care and home healthcare.

Further, the surgical devices segment can be further divided into pacemakers, stents. Catheters and accessories, guidewires. Cannulae. Electrosurgical procedures. Valves. The largest market share was held by the stents segment. Their dominance is due to the preference for stents over bypass surgery. The rising demand for minimally invasive surgery is driving the use of stents to treat coronary artery disease.

Regional Insights

North America was the market leader in cardiovascular devices, with the highest revenue share in 2015. This was due to North America's high adoption of advanced surgical techniques, increasing awareness about commercially available products, as well as the large target patient pool. The rise in home healthcare devices is a result government penalties imposed on hospitals for patient readmissions. This has accelerated the demand for monitoring and diagnostic cardiovascular systems.

Asia Pacific is predicted to experience the fastest growth over the forecast period. Japan is expected to lead the overall Asia Pacific market followed by China. China has the largest geriatric population, with the highest obesity rates due to unhealthy eating habits and sedentary lifestyles. These factors will increase the incidence of heart disease in China, which is expected to positively impact the Asia Pacific market's growth. The booming medical tourism sector in Asia Pacific is expected to increase demand for cardiovascular systems from countries like India, China, Malaysia and Thailand.

Market Share Insights & Key Companies

The global market for cardiovascular devices is fragmented, with many local companies competing with multinationals. Global players are embracing strategies like mergers, acquisitions and collaborations to increase their product offerings and customer base and expand their market share. Medtronic plc purchased CardioInsight Technologies, Inc. in June 2015 to expand its product line for atrial fibrillation. Medtronic, Inc. also acquired Covidien plc, in January 2015. Medtronic has expanded its product range by acquiring Covidien, but it also increased its geographic reach and customer base.

The major players in the vertical of cardiovascular devices include, but are not limited, 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.

Market Report Scope Cardiovascular Devices

The Report Covers Market Segments

This report provides a forecast of revenue growth as well as an analysis of market trends in each sub-market from 2013 through 2024. Up Market Research has divided the market for cardiovascular devices based on product type and geographic region.

• Product Outlook (Market revenue, USD Millions, 2013-2024)

  • Diagnostic and Monitoring

    • ECG

    • Holter Monitors

    • Event monitors

    • Implantable loop recorders

    • Echocardiogram

    • Pet Scan

    • MRI

    • Cardiac CT

    • Doppler Fetal Monitors

  • Surgical Devices

    • Pacemakers

    • Stents

    • Accessories and catheters

    • Guidewires

    • Cannulae

    • Electrosurgical Procedures

    • Valves

    • Occlusion devices

• Regional Outlook (Market Revenues in USD Millions, 2013-2024)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • South Africa

These are the most frequently asked questions about this report

b. The market for cardiovascular devices worldwide was valued at USD 44.2 billion in 2019, and is projected to grow to USD 47.2 billion by 2020.

b. From 2019 to 2027, the global market for cardiovascular devices is expected to increase at 6.0% annually.

b. With a 39.14% share in 2019, North America was the dominant market for cardiovascular devices. This is due to high surgical treatment adoption, increased awareness about commercially available products and the large target patient population.

b. 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. are some of the key players in the market for cardiovascular devices.

b. Market growth is being driven by the increased prevalence of heart disease due to sedentary lifestyles and the introduction of new surgical techniques.

Up Market Research published a new report titled “Cardiovascular Devices Market research report which is segmented by Product (Event monitors, Diagnostic-Monitoring: ECG, CT, Valves, Occlusion devices, Electrosurgical procedures, Holter monitors, PET, Stents, Echocardiogram, Cannulae, Implantable loop recorders, MRI, Doppler fetal monitor; Surgical: Pacemakers), By Players/Companies Inc, Dickinson and Company; Cardinal Health, Inc; Boston Scientific Corporation; B Braun Melsungen AG; Abbott Laboratories, Medtronic; Becton, Inc; Cook Medical, Inc; Terumo Cardiovascular Systems Corporation; and St Jude Medical”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Cardiovascular Devices Market Report Segments:

The market is segmented by Product (Event monitors, Diagnostic-Monitoring: ECG, CT, Valves, Occlusion devices, Electrosurgical procedures, Holter monitors, PET, Stents, Echocardiogram, Cannulae, Implantable loop recorders, MRI, Doppler fetal monitor; Surgical: Pacemakers).

Cardiovascular Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Cardiovascular Devices Market

Overview of the regional outlook of the Cardiovascular Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Cardiovascular Devices Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Cardiovascular Devices Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Event monitors

                2. Diagnostic-Monitoring: ECG

                3. CT

                4. Valves

                5. Occlusion devices

                6. Electrosurgical procedures

                7. Holter monitors

                8. PET

                9. Stents

                10. Echocardiogram

                11. Cannulae

                12. Implantable loop recorders

                13. MRI

                14. Doppler fetal monitor; Surgical: Pacemakers

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cardiovascular Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
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Reasons to Purchase the Cardiovascular Devices Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.