The global cardiovascular devices market size is expected to grow from $53.44 billion in 2021 to $59.48 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global cardiovascular device market size is then expected to grow to $85.64 billion in 2026 at a CAGR of 9.5%.
What is the Global Cardiovascular Devices Market?
The cardiovascular devices market consists of sales of cardiovascular devices and related services by entities (organizations, sole traders, and partnerships) that produce cardiovascular devices used in diagnosing and treating cardiovascular diseases.
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What drives the Global Cardiovascular Devices Market?
Leadless pacemakers are being used for certain medical conditions such as slow heart rate (bradycardia), as they provide a less-invasive alternative to conventional pacemakers. A leadless pacemaker is a self-contained device that is inserted in the right ventricle of the heart without incisional access, leads, or a surgical pocket. Furthermore, the medical procedure for a leadless pacemaker can be performed in under 30 minutes, with few postprocedural restrictions. These devices are gaining popularity as they eliminate complications related to lead placement which includes cardiac perforation, pneumothorax, and lead dislodgement. Major companies manufacturing leadless pacemakers are Medtronic and Abbott.
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Global Cardiovascular Devices Market Segments
The global cardiovascular devices market is segmented:
By Type: Cardiovascular Surgery Devices and Equipment, Cardiac Rhythm Management (CRM) Devices and Equipment, Interventional Cardiology Devices and Equipment, Defibrillator Devices and Equipment, Peripheral Vascular Devices and Equipment, Prosthetic Heart Valve Devices and Equipment, Electrophysiology Devices and Equipment, Cardiac Assist Devices and Equipment
By End-User: Hospitals and Clinics, Diagnostic Laboratories, Others
By Type of Expenditure: Public, Private
By Product: Instruments/Equipment, Disposables
By Geography: The regions covered in the cardiovascular devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Cardiovascular Devices Global Market Report 2022provides market size and growth forecasts for the global cardiovascular devices market, global cardiovascular devices market share, cardiovascular devices market segments and geographies, cardiovascular devices market competitive landscape including leading competitors’ revenues, profiles and market shares. The cardiovascular devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Cardiovascular Devices Industry Playersinclude Medtronic Inc., Boston Scientific Corporation, Abbott Laboratories, Edwards Lifesciences, Cardinal Health, Inc., Johnson & Johnson, Terumo Corporation, Getinge Group, Teleflex Inc., and Becton Dickinson. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
