China Cardiovascular Devices Market | Growth, Trends, and Forecasts (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

7.5 %

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Market Overview

The increasing incidence of cardiovascular diseases and the growing geriatric population are the most significant factors driving the growth of the market.

According to a report by the United Nations Department of Economic and Social Affairs, more than 11% of China's Population is aged 65 years or over in 2019. Furthermore, China’s population is aging at a faster rate than almost all other countries of the Asia-Pacific region, which is in part due to the long run of China’s one-child policy and dramatic increase in healthcare facilities. The aging process is commonly associated with increased vascular rigidity and decreased vascular compliance. Elderly patients have a high risk of developing cardiovascular disorders, such as peripheral arterial disease (PAD), aortic disease, and venous thromboembolism (VTE). This is primarily due to age-related alterations in vascular structure and rigidity, further compounded by longer exposure to cardiovascular disease (CVD) risk factors. Furthermore, other factors, such as the rapid technological advances, and increasing awareness among population are also supplementing the market growth.

Scope of the Report

As per the scope of the report the market is segmented into diagnostic and monitoring devices, and therapeutic and surgical devices sub-segments. Moreover, the diagnostic and monitoring devices segment is further subdivided into an electrocardiogram (ECG), remote cardiac monitoring, and other diagnostic and monitoring devices. Similarly, the therapeutic and surgical devices segment is subdivided into cardiac assist devices, cardiac rhythm management device, catheter, grafts, heart valves, stents, and other therapeutic and surgical devices.

By Device Type

Diagnostic and Monitoring Devices
	Electrocardiogram (ECG)
	Remote Cardiac Monitoring
	Other Diagnostic and Monitoring Devices

Therapeutic and Surgical Devices
	Cardiac Assist Devices
	Cardiac Rhythm Management Device
	Catheter
	Grafts
	Heart Valves
	Stents
	Other Therapeutic and Surgical Devices

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Key Market Trends

ECG Dominated the Diagnostic and Monitoring Segment

On the diagnostic and monitoring front, new generation of portable and compact ECG are driving their greater adoption, especially in the home healthcare segment. The rising awareness and demand for minimally-invasive surgeries are driving the demand for coronary stents and valves. According to National Center for Cardiovascular Diseases, in 2017, there were around 290 million patients suffering from cardiovascular disease in China. Furthermore, rising geriatric population and increasing incidence rates of cardiovascular diseases, such as arrhythmias, stroke, and high blood pressure, are driving the demand for cardiac rhythm management devices, including pacemakers and implantable defibrillators.

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Competitive Landscape

Several local players, along with global medical device manufacturers. operate in the Chinese market. Local players dominate in the stent, catheter, and graft segments. However, the quality of products from global companies is perceived as superior. Thus, the premium segment of cardiovascular devices market is dominated by global manufacturers.

Major Players

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1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Drivers
  1. 4.2.1 Rapid Technological Advances to Boost the Market Growth
  2. 4.2.2 Growing Public Awareness and Government Initiatives
3. 4.3 Market Restraints
  1. 4.3.1 Shortage of Skilled Medical Professionals
  2. 4.3.2 High Cost of Instruments and Procedures
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Threat of New Entrants
  2. 4.4.2 Bargaining Power of Buyers/Consumers
  3. 4.4.3 Bargaining Power of Suppliers
  4. 4.4.4 Threat of Substitute Products
  5. 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Device Type
  1. 5.1.1 Diagnostic and Monitoring Devices
    1. 5.1.1.1 Electrocardiogram (ECG)
    2. 5.1.1.2 Remote Cardiac Monitoring
    3. 5.1.1.3 Other Diagnostic and Monitoring Devices
  2. 5.1.2 Therapeutic and Surgical Devices
    1. 5.1.2.1 Cardiac Assist Devices
    2. 5.1.2.2 Cardiac Rhythm Management Device
    3. 5.1.2.3 Catheter
    4. 5.1.2.4 Grafts
    5. 5.1.2.5 Heart Valves
    6. 5.1.2.6 Stents
    7. 5.1.2.7 Other Therapeutic and Surgical Devices
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Abbott Laboratories
  2. 6.1.2 Boston Scientific Corporation
  3. 6.1.3 Mindray Medical International Limited
  4. 6.1.4 Edwards Lifesciences
  5. 6.1.5 W.L. Gore & Associates Inc.
  6. 6.1.6 Medtronic PLC
  7. 6.1.7 Lepu Medical Technology (Beijing) Co. Ltd
  8. 6.1.8 Terumo Corporation
  9. 6.1.9 Microport Scientific Corporation

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments