UK Cardiovascular Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The UK Cardiovascular Devices market is segmented by Device Type (Diagnostic & Monitoring, Therapeutic & Surgical)

Market Snapshot

Market Snapshot
Study Period: 2018 - 2026
Base Year: 2019
CAGR: 7.2 %

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Market Overview

The UK Cardiovascular Devices market is expected to witness a higher CAGR growth during the forecast period. The increasing morbidity and mortality of cardiovascular diseases are one of the major contributors to this market. According to the British Heart Foundation, 2020, about 7.4 million people in the United Kingdom are living with heart and circulatory diseases. Furthermore, in September 2019, AliveCor has introduced KardiaMobile 6L in the United Kingdom. It is a smart-phone based technology that gives multi-dimensional view of the heart and also, visibility into arrhythmias such as atrial fibrillation (AF). Thus, with the growing burden of diseases and the introduction of new products, the market is expected to accelerate in the future.

Scope of the report

Cardiovascular devices are utilized to treat cardiovascular ailments that incorporate various issues such as atherosclerosis, arrhythmia, coronary artery disease, stroke, etc. The UK Cardiovascular Devices Market is segmented by device type.

By Device Type
Diagnostic and Monitoring Market
Electrocardiogram (ECG)
Remote Cardiac Monitoring
Others
Therapeutic and Surgical Devices
Cardiac Assist Devices
Cardiac Rhythm Management Device
Catheter
Others

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Key Market Trends

Cardiac Rhythmic Management Devices market is Expected to hold a Significant Share in the Market

Cardiac rhythm management (CRM) devices, including pacemakers, implantable defibrillators, cardiac resynchronization therapy, etc., are one of the majorly used devices in case of cardiac arrhythmia. The rising number of the aging population in the country is expected to act as a key contributor in this segment. According to the World Ageing Population report, in 2019, around 12, 499 people aged between 65 years and above are living in the United Kingdom and the number is expected to reach 18,775 by the year 2030. The elderly population is likely to be affected by cardiovascular diseases. Hence, the aforementioned factors are expected to thrive the market growth.

UK Cardiovascular Devices Maket Trend.png

Competitive Landscape

The major players in the UK Cardiovascular Devices market are Abbott Laboratories, Boston Scientific Corporation, Biotronik, Cardinal Health, GE Healthcare, Medtronic Plc, Siemens Healthineers AG and W. L. Gore & Associates, Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 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 Growing Burden of Cardiovascular Diseases

      2. 4.2.2 Technological Advancement in the Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Framework

    4. 4.4 Porter's Five Force 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 Market

        1. 5.1.1.1 Electrocardiogram (ECG)

        2. 5.1.1.2 Remote Cardiac Monitoring

        3. 5.1.1.3 Others

      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 Others

  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 Biotronik

      4. 6.1.4 Cardinal Health

      5. 6.1.5 GE Healthcare

      6. 6.1.6 Medtronic Plc

      7. 6.1.7 Siemens Healthineers AG

      8. 6.1.8 W. L. Gore & Associates, Inc.

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

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

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Frequently Asked Questions

The UK Cardiovascular Devices Market market is studied from 2018 - 2026.

The UK Cardiovascular Devices Market is growing at a CAGR of 7.2% over the next 5 years.

Abbott Laboratories, Biotronik, Boston Scientific Corporation, Medtronic Plc, Cardinal Health are the major companies operating in UK Cardiovascular Devices Market.

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