Global Cardiovascular Devices Market Trends And Strategies Of Major Players In The Cardiovascular Devices Market 2021-2030
24 Feb, 2021
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. The market is segmented into 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.
Global Cardiovascular Devices Market Size And Drivers:
The global cardiovascular devices market is expected to grow from $46.93 billion in 2020 to $51.9 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%. The market is expected to reach $66.15 billion in 2025 at a CAGR of 6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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Trends In 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 which is inserted in the right ventricle of the heart without incisional access, leads, or a surgical pocket. Furthermore, the medical procedure for leadless pacemaker can be performed in under 30 minutes, with few postprocedural restrictions.
Global Cardiovascular Devices Market Segments:
The global cardiovascular devices market is further segmented based on type, end user, type of expenditure, product and geography.
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 global cardiovascular devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global cardiovascular devices market, accounting for 37% of the total market.
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Cardiovascular Devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides cardiovascular devices market overviews, analyzes and forecasts market size and growth for the global cardiovascular devices market, cardiovascular devices market share, cardiovascular devices market players, cardiovascular devices market segments and geographies, cardiovascular devices market’s 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.