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

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

6.2 %

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Market Overview

Cardiovasacular diseases are the leading cause of deaths worldwide. According to the American College of Cardiology, cardiovascular disease (CVD) accounted for 800,000 deaths in the United States in 2017 alone. Among Americans, an average of one person dies from cardiovascular disease, every 40 seconds. Coronary heart disease (CHD) accounts for the majority of CVD deaths, followed by stroke and heart failure. According to the European Heart Network, every year, cardiovascular disease (CVD) causes 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU). Furthermore, other factors, such as the rapid technological advances, and high preference for minimally invasive procedures are also supplementing the market growth.

Scope of the Report

The cardiovascular devices market is segmented on the basis of device type and geography. On the basis of device type, the market is segmented into diagnostic and monitoring devices and therapeutic and surgical devices segments. Diagnostic and monitoring devices is further segmented into electrocardiogram (ECG), remote cardiac monitoring, and other diagnostic and monitoring devices. Similarly, 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

Geography

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	South Korea
	Rest of Asia-Pacific

Middle-East & Africa
	GCC
	South Africa
	Rest of Middle-East & Africa

South America
	Brazil
	Argentina
	Rest of South America

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Key Market Trends

ECG Dominated the Diagnostic And Monitoring Segment

On the diagnostic and monitoring front, a new generation of portable and compact ECG is driving its greater adoption, especially in the home healthcare segment. There has been an increase in the incidence of cardiovascular diseases (CVD), wherein a long-term ECG monitoring is necessary and with the introduction of wireless ECG, doctors can monitor and diagnose the patient remotely on time, which further fuels the market growth. Furthermore, Increasing cardiovascular diseases, such as arrhythmias, stroke, and high blood pressure, are increasing the demand for cardiovascular devices, along with rising awareness and demand for minimally invasive surgeries are also expected to drive the cardiovascular device market.

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United States to Dominate the Market in Terms of Revenue

The United States dominates the cardiovascular devices market, owing to the high prevalence of cardiovascular disease, the high adoption rate of minimally invasive procedures, the presence of reimbursements, rising geriatric population, and the high demand for continuous and home-based monitoring. According to the Health Library, it is estimated that about 84 million people in the United States suffer from some form of cardiovascular disease, causing about 2,200 deaths a day, averaging one death every 40 seconds. Furthermore, due to ongoing development in cardiovascular field and technological advancements are also expected to propel the growth of the US cardiovascular devices market.

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Competitive Landscape

The cardiovascular devices market is consolidated and is highly competitive. The major players have established themselves in specific segments of the market. Furthermore, the companies are competing in the emerging regions with global players as well as with established local players. In countries, such as China and Japan, local players control a significant share of the market.

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 Advancements
  2. 4.2.2 Increasing Burden of Cardiovascular Diseases
  3. 4.2.3 Increased Preference of Minimally Invasive Procedures
3. 4.3 Market Restraints
  1. 4.3.1 Stringent Regulatory Policies
  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
2. 5.2 Geography
  1. 5.2.1 North America
    1. 5.2.1.1 United States
    2. 5.2.1.2 Canada
    3. 5.2.1.3 Mexico
  2. 5.2.2 Europe
    1. 5.2.2.1 Germany
    2. 5.2.2.2 United Kingdom
    3. 5.2.2.3 France
    4. 5.2.2.4 Italy
    5. 5.2.2.5 Spain
    6. 5.2.2.6 Rest of Europe
  3. 5.2.3 Asia-Pacific
    1. 5.2.3.1 China
    2. 5.2.3.2 Japan
    3. 5.2.3.3 India
    4. 5.2.3.4 Australia
    5. 5.2.3.5 South Korea
    6. 5.2.3.6 Rest of Asia-Pacific
  4. 5.2.4 Middle-East & Africa
    1. 5.2.4.1 GCC
    2. 5.2.4.2 South Africa
    3. 5.2.4.3 Rest of Middle-East & Africa
  5. 5.2.5 South America
    1. 5.2.5.1 Brazil
    2. 5.2.5.2 Argentina
    3. 5.2.5.3 Rest of South America
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 Cardinal Health Inc.
  4. 6.1.4 Edwards Lifesciences
  5. 6.1.5 GE Healthcare
  6. 6.1.6 W. L. Gore & Associates, Inc.
  7. 6.1.7 Medtronic PLC
  8. 6.1.8 Biotronik
  9. 6.1.9 Siemens Healthineers AG
  10. 6.1.10 Canon Medical Systems Corporation

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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