South Africa Cardiovascular Devices Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented By Device Type (Diagnostic and Monitoring Devices and Therapeutic and Surgical Devices)

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

6 %

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Market Overview

Cardiovascular devices are used to treat cardiovascular ailments that incorporate various issues. According to Heart & Stroke Foundation South Africa, Cardiovascular disease (CVD) is the leading cause of death and is responsible for almost 1 in 6 deaths in South Africa. The high burden of cardiovascular diseases can be attributed to the sedentary lifestyle. This leads to high prevalence of high blood pressure, high cholesterol, obesity, and high alcohol consumption. Thus, due to the lack of physical activity and a sedentary lifestyle, the prevalence of the cardiovascular diseases is increasing at a robust pace, which is expected to drive the market in the forecast period.

Scope of the report

As per the scope of the report, by device type, the market is segmented into diagnostic and monitoring devices, and therapeutic and surgical devices. 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

Cardiac Rhythm Management Device Segment is Expected to Show Better Growth in the Forecast Years

Based on therapeutic and surgical devices, the market is segmented into cardiac assist devices, cardiac rhythm management device, catheter, grafts, heart valves, stents, and other therapeutic and surgical devices. The high growth of the segment is attributed to rising burden of cardiovascular diseases, sedentary lifestyles, and increasing aging population. In the recent years, the heart rhythm problems (arrhythmias) have become prevalent and are expected to rise further. The cardiovascular disorder, such as arrhythmias, stroke, and high blood pressure, are increasing the demand for cardiac rhythm management devices. Hence these factors are expected to positively impact the studied market in the forecast period.

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Competitive Landscape

The major players into the South Africa cardiovascular devices market are Abbott Laboratories, Boston Scientific Corporation, Canon Medical Systems Corporation, Cardinal Health, Inc., Edwards Lifesciences, GE Healthcare, Medtronic PLC, Siemens AG and W. L. Gore & Associates.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Burden of Cardiovascular Disorders

      2. 4.2.2 Rapid Technological Advancements

      3. 4.2.3 Growing Public Awareness

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Scenario

      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. 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. 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 Canon Medical Systems Corporation

      4. 6.1.4 Cardinal Health, Inc.

      5. 6.1.5 Edwards Lifesciences

      6. 6.1.6 GE Healthcare

      7. 6.1.7 Medtronic PLC

      8. 6.1.8 Siemens AG

      9. 6.1.9 W. L. Gore & Associates

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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

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