Cardiovascular devices are designed to diagnose, prevent, monitor and treat diseases related to the cardiovascular system, including heart diseases and related health problems. They include arrhythmia detectors, noninvasive blood pressure measurement systems, diagnostic intravascular catheters, external cardiac compressors, coronary vascular physiologic simulation software devices, external programmable pacemaker pulse generators, cardiac monitors, cardiopulmonary bypass defoamers, echocardiographs, vascular graft prostheses, electrocardiographs, defibrillators and others.
The top five companies covered are Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Cardinal Health, Inc. and Edwards Lifesciences. Medtronic was the largest company in the cardiovascular devices market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Cardiovascular Devices Global Market Size
The global cardiovascular devices market was valued at over $55 billion in 2017. Asia Pacific was the largest region in the cardiovascular devices market in 2017, accounting for more than 30% market share. The USA was the largest country in the market in 2017, accounting for more than 20% market share.
Cardiovascular Devices Global Market Trend
Demand for minimally-invasive cardiac surgeries is increasing as they are less disruptive and traumatic for the human body, and result in less post-surgical recovery time and improved efficiency. These techniques may be suitable for certain procedures involving the heart valves and certain types of routine bypass surgeries. For instance, robot assisted heart surgeries are more evident in mitral valve surgeries and heart surgeries. These surgeries are replacing traditional methods with larger incisions. In this procedure surgeons use a computer enhanced device to guide the surgical tools, which consist of robotically-guided arms that reach and operate in difficult-to-reach areas, and a robotically controlled 3D camera for visualization.
Cardiovascular Devices Global Market Segmentation
The cardiovascular devices market is segmented into Cardiovascular Surgery Devices, Cardiac Rhythm Management (CRM) Devices, Interventional Cardiology Devices, Defibrillator Devices, Peripheral Vascular Devices, Prosthetic Heart Valve Device, Electrophysiology Devices And Cardiac Assist Devices.
Cardiovascular Surgery Devices are used in cardiac surgeries and other cardiovascular procedures performed to repair structural defects of the cardiovascular system of heart and its damaged or blocked valves and vessels.
Cardiac Rhythm Management (CRM) Devices are used to manage the heart rate or rhythm by generating electrical impulses or shocks in order to get the heart back to its normal functions.
Interventional Cardiology Devices are used in interventional cardiology, a branch that deals with the catheter based treatment of structural heart diseases.
Defibrillator Devices are used in the emergency treatment of life-threatening cardiac arrhythmias and abnormal heart rhythms by giving a high electrical energy shock to the heart through the chest wall for restoring its normal rhythm function.
Peripheral Vascular Devices are used to treat peripheral vascular diseases which are slow, and progressive blood circulation disorders caused by blockages, narrowing or spasms in blood vessels outside the heart and brain including arteries and veins.
Prosthetic Heart Valve Devices are artificial heart valves that are implanted in the heart of a patient with valvular heart diseases.
Electrophysiology Devices are used in the diagnosis and treatment of heart rhythm disorders through electrical activity.
Cardiac Assist Devices are artificial mechanic pumps that assist the heart in improving its blood pumping efficiency and also in maintaining the optimum blood flow throughout the body.