3rd January 2020 – Global Cardiovascular
Devices Market Research Report Presents Intellect by Leading Players,
Type, Applications, Distribution Channel, Consumption, Revenue (Mn/Bn USD) and
Region –Forecast to 2024.
Global Cardiovascular Devices Market is
anticipated to grow significantly in the forecast period owing to the changing
lifestyle and prevalence of chronic disorders associated with the heart.
Cardiovascular devices diagnose and treat heart disorders and related health
issues. Several types of cardiovascular devices are available with respect to
different heart disorders. The majorly used devices are endovascular grafts,
coronary stents, artificial heart valves, and angioplasty balloon catheters.
The demand for cardiovascular devices is
majorly driven by the rising prevalence of heart-related issues, which
ultimately stimulates cardiovascular devices industry. Also, growing demand for
minimally invasive procedures benefit patients with less pain, reduced chances
of infections, less period of hospital stay, and speedy recovery from disorders
are the advantages faced by patients. These advantages along with growing
number of conditions like diabetes, obesity are encouraging the growth of
cardiovascular devices market.
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Moreover, technical modernizations in
cardiac devices are expected to have stronger impacts on cardiovascular devices
industry in the near future. However, strict legislations and protocols,
significant cost of devices and lack of skilled healthcare staff is majorly
obstructing cardiovascular device market. The market is witnessing trends like
increasing mergers & acquisitions (manufacturing companies of
cardiovascular devices) and speedy product launches.
Cardiovascular devices industry is
categorized on the basis of product type and geography. On the basis of product
type, the market is divided into electrophysiology devices, cardiac diagnostics
& monitoring devices, interventional cardiac devices, peripheral vascular
devices, cardiac prosthetic devices, cardiac rhythm management (CRM), etc.
Cardiac diagnostics and monitoring segment is expected to hold larger share
owing to cardiac rhythm management, portability and compact design.
Geographically, cardiovascular devices
market is segmented as North America, Europe, Asia Pacific, and Middle East
& Africa. North America leads the market owing to increasing investment and
developed healthcare infrastructure. The key players in cardiovascular device
industry include Abbott Vascular, Aboimed, Inc., Biotronik SE & Co. KG,
Johnson & Johnson, B. Braun Melsungen AG, Cordis Corporation, Boston
Scientific Corporation, Cardinal Health Inc., Cook Medical, Inc., GE
Healthcare, among others.
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