Cardiovascular Medical Devices Market to Post a CAGR of Nearly 9%
Abbott Laboratories, BIOTRONIK SE and Co. KG, Boston Scientific Corp., Canon Inc., Cardinal Health Inc., General Electric Co., Medtronic Plc, and Siemens AG are some of the vendors featured in the report
Global cardiovascular medical devices market is likely to post an incremental growth of $ 24.51 billion, accelerating at a CAGR of 8.92% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors as well as challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.
Request for Our Free Sample Report for detailed Insights
Cardiovascular Medical Devices Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Product (Diagnostic and monitoring systems and Surgical devices) and Geography (North America, Europe, Asia, and ROW).
- Growth by the diagnostic and monitoring systems segment will be significant during the forecast period.
- 38% of the market growth will originate from North America during the forecast period. The US and Canada are the key markets for cardiovascular medical devices market in North America. Market growth in this region will be faster than the growth of the market in ROW.
- This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Cardiovascular Medical Devices Market size.
Cardiovascular Medical Devices Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Rising incidence of cardiac diseases and growth of insurance providers will be a significant factor in driving the growth of the Cardiovascular Medical Devices Market. The incidence of heart diseases is increasing in developed as well as developing countries. The prevalence of heart valve diseases is also rising due to the increased life expectancy in the elderly population.
- Availability of advanced diagnostic methods to diagnose several diseases such as CHD, aortic stenosis, and mitral heart valve diseases will be instrumental in driving market growth during the forecast period.
- High cost of cardiovascular procedures is a hurdle that needs to be crossed on the path to success. However, long term benefits of treatment and support in the form of health insurance will help to mitigate this issue.
Cardiovascular Medical Devices Market: Vendor Analysis
- The market is fragmented.
- Abbott Laboratories, BIOTRONIK SE and Co. KG, Boston Scientific Corp., Canon Inc., Cardinal Health Inc., Edwards Lifesciences Corp., General Electric Co., Medtronic Plc, Siemens AG, and W. L. Gore & Associates Inc. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Cardiovascular Medical Devices Market Split by Product
- Diagnostic and monitoring systems
- Surgical devices
- Cardiovascular Medical Devices Market Split by Geography
- North America
- Europe
- Asia
- ROW
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Abbott Laboratories
- BIOTRONIK SE and Co. KG
- Boston Scientific Corp.
- Canon Inc.
- Cardinal Health Inc.
- Edwards Lifesciences Corp.
- General Electric Co.
- Medtronic Plc
- Siemens AG
- W. L. Gore & Associates Inc.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Browse through our research reports on other related markets:
- Cardiovascular Therapeutics Market: The Global Cardiovascular Therapeutics Market is projected to grow by $ 32.06 bn, decelerating at a CAGR of 7.18% till 2025.
- Cardiovascular Catheters Market: The cardiovascular catheters market is expected to grow by $ 5.97 bn, accelerating at a CAGR of almost 7.66% during the forecast period.
- Medical Imaging Market: The medical imaging market is expected to grow by $ 13.49 billion, accelerating at a CAGR of almost 6.71% during the forecast period.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 8.92%.
- What is the incremental growth of the market?
The market is expected to grow by $ 24.51 bn through 2022-2026.
- What is a key factor driving this market?
Rising incidence of cardiac diseases and growth of insurance providers will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, Asia, and ROW are the key regions featured in this research report.
- Which is the leading geographic region for this market:
38% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Abbott Laboratories, BIOTRONIK SE and Co. KG, Boston Scientific Corp., Canon Inc., Cardinal Health Inc., Edwards Lifesciences Corp., General Electric Co., Medtronic Plc, Siemens AG, and W. L. Gore & Associates Inc.
- What are the market segments covered in this report?
The market is segmented by Product (Diagnostic and monitoring systems and Surgical devices) and Geography (North America, Europe, Asia, and ROW)
