Cardiovascular Devices Market by Device (Diagnostic and Monitoring Devices, Therapeutic and Surgical Devices, and Others), Application (Coronary Heart Disease, Sudden Cardiac Arrest, Stroke, Cerebrovascular Heart Disease, and Others), End-User (Hospitals, Ambulatory Surgical Centers and Cardiac Centers) and Geography – Global Forecast to 2027

  • July, 2021
  • Domain: Healthcare - Medical Devices
Pages: 82
Tables: 47
Charts: 77
Regions/Countries: 4/10
Companies: 10
Enquiry Hours: 10
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Cardiovascular devices can diagnose and treat several heart diseases and associated heart problems. Cardiovascular diseases or CVDs have long been determined as the top pain points of the medical industry. With conditions such as stroke or IHD (ischemic heart disease) is a crucial reason for mortality and disability worldwide, cardiovascular devices and their prominence in heart-related therapies are rapidly being brought into the limelight. Surging awareness and demand for minimally invasive surgeries will enhance the market growth in the coming years. Advantages such as small incisions, reduced risk of infection, and relatively less time consumption are the factors that fuel the patient preference for these procedures. In addition, technological advancements in cardiovascular devices provide effective solutions for such minimally invasive procedures. The ongoing technological developments towards miniaturization, material biocompatibility of implantable, and advanced navigation devices are projected to enhance the Cardiovascular devices market growth during the forecast year. The increased risk related to cardiac procedures is likely to hamper the cardiovascular devices market growth. The Cardiovascular Devices Market is likely to grow at the rate of 16.6% CAGR by 2027.

Research Methodology:

The Cardiovascular devices Market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Cardiovascular devices Market

Cardiovascular Devices Market based on Device

  • Diagnostic and Monitoring Devices
  • Therapeutic and Surgical Devices
  • Others

Cardiovascular Devices Market based on Application

  • Coronary Heart Disease
  • Sudden Cardiac Arrest
  • Stroke
  • Cerebrovascular Heart Disease
  • Others

Cardiovascular Devices Market based on End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Centers

Cardiovascular Devices Market based on Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

As per the market by device, the diagnostic and monitoring devices segment is likely to have major growth in the coming years. This is due to the growing number of local and regional players in the global market contributing to the elevating demand for advanced cardiac device therapeutic purposes. Moreover, under diagnostic and monitoring devices, ECG devices are being majorly used in cardiovascular diseases.

As per the market by application, cardiovascular devices are majorly applicable in coronary heart disease, a segment to hold a largest share in the market. This is due to the presence of the devices that include coronary stents used to treat coronary heart disease, which includes the narrowing of the arteries and may result in other cardiac conditions such as heart attacks.

Further, based on end-users, the prominent end-users having a major role in the market growth are hospitals. This is due to the increasing requirement for trained medical professionals to install vital cardiovascular devices such as stents. In addition, the hospitals are considered to provide medical procedures such as installing stents with minimum adverse reactions in patients.

As per the geographical analysis, North America accounted to acquire a substantial share of the market. The substantial share is ascribed to the key manufacturer’s presence in the region, high incidence of cardiovascular diseases, and Canada, the major factor for the expansion of the market.

Cardiovascular diseases (CVDs) are probable to remain the major cause of morbidity and mortality worldwide. The CVDs are the heart and blood vessels' disorders and include coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other conditions. Therefore, some of the key lifestyle factors that result in cardiovascular disease and difficulties are unhealthy diet, tobacco, and physical inactivity, which increases the risk of heart attacks and strokes. Thus, the above factor is stimulating the global cardiovascular devices market growth.

Few notable vendors of the cardiovascular devices market are Medtronic, Boston, B. Braun Melsungen AG, Becton, Dickinson and Company, General Electric Company, Biosense Webster, Inc (Johnson and Johnson), Scientific Corporation, Abbott Laboratories, Koninklijke Philips N.V, Siemens AG, and Edwards Lifesciences Corporation.

Henceforth, cardiovascular devices are having a prominent role in the rising number of cardiovascular diseases scenario. Cardiovascular diseases have become most common among individuals, and cardiovascular devices have many benefits, including minimally invasive devices.

  • Several factors are included in the study, which is impacting the market growth and restricting the market.
  • This report consists of the segmentation and sub-segmentations and the segment’s contribution to the market growth.
  • The report also includes the profiles of the key vendors in the market and their strategies, such as product launches, company expansions, and acquisitions.
  • Further, the report depicts the penetration of the market in the various regions.
  1. Executive Summary
  2. Industry Outlook
    1. Industry Overview
    2. Industry Trends
  3. Market Snapshot
    1. Market Definition
    2. Market Outlook
      1. Porter Five Forces
    3. Related Markets
  4. Market characteristics
    1. Market Overview
    2. Market Segmentation
    3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    4. DRO - Impact Analysis
  5. Device: Market Size & Analysis
    1. Overview
    2. Diagnostic and Monitoring Devices
    3. Therapeutic and Surgical Devices
    4. Others
  6. Application: Market Size & Analysis
    1. Overview
    2. Coronary Heart Disease
    3. Sudden Cardiac Arrest
    4. Stroke
    5. Cerebrovascular Heart Disease
    6. Others
  7. End-User: Market Size & Analysis
    1. Overview
    2. Hospitals
    3. Ambulatory Surgical Centers
    4. Cardiac Centers
  8. Geography: Market Size & Analysis
    1. Overview
    2. North America
    3. Europe
    4. Asia Pacific
    5. Rest of the World
  9. Competitive Landscape
    1. Competitor Comparison Analysis
    2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
  10. Vendor Profiles
    1. Medtronic, Boston
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    2. B. Braun Melsungen AG
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    3. Becton, Dickinson and Company
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    4. General Electric Company
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    5. Biosense Webster, Inc (Johnson and Johnson)
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    6. Scientific Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    7. Abbott Laboratories
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    8. Koninklijke Philips N.V
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    9. Siemens AG
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
    10. Edwards Lifesciences Corporation
      1. Overview
      2. Financial Overview
      3. Product Offerings
      4. Developments
      5. Business Strategy
  11. Analyst Opinion
  12. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
      1. Data Collation and In-house Estimation
      2. Market Triangulation
      3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations

Research Framework

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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