North America Cardiovascular Devices Market Forecast to 2027 COVID-19 Impact and Global Analysis By Application Type (Coronary Heart Disease,Sudden…

Posted: Published on April 13th, 2021

This post was added by Alex Diaz-Granados

According to The Insight Partners market research study titledCardiovascular Devices Market to 2027 Global Analysis and Forecasts by Device, Application, End User and Geography.The global cardiovascular devices market is expected to reach US$ 71.1 Bn in 2027 from US$ 40.8 Bn in 2018. The market is estimated to grow with a CAGR of 6.5% from 2019-2027. The report highlights the trends prevalent in the global cardiovascular devices market and the factors driving the market along with those that act as challenges to its growth.

Global cardiovascular devices market was segmented by device, application and end user. The device segments was classified as electrocardiography (ECG), pacemaker, stent, defibrillator, cardiac catheter, guidewire, heart valve, event monitor, and others. Based on the application it is divided into coronary heart disease, sudden cardiac arrest, stroke, cerebrovascular heart disease and others. And on the basis of the end user the market is classified as hospitals, ambulatory surgery centers, and cardiac centers.

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Company Profiles

The market for cardiovascular devices is expected to grow significantly due to factors significantly increasing prevalence of cardiovascular diseases, rising developments for cardiovascular devices, and increasing elderly population. However, the factors such as rigorous regulations for approval and high cost of products and procedures are likely to act as restraining factors for the cardiovascular devices market.

The major players operating in the cardiovascular devices market include, Medtronic, Boston Scientific Corporation, Abbott, Biosense Webster, Inc (Johnson and Johnson), General Electric Company, Koninklijke Philips N.V, Siemens AG, BD, B. Braun Melsungen AG and Edwards Lifesciences Corporation. The market is has provided inorganic growth strategies to these companies by various market consolidations. For instance, in January, 2019 Edward Lifesciences Corporation announced completion of CAS Medical Systems, Inc. The acquisition, has enhanced the critical care portfolio of the company.

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NORTH AMERICA CARDIOVASCULAR DEVICES MARKET SEGMENTATION

By Device

By Application

ByEnd User

By Geography

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North America Cardiovascular Devices Market Forecast to 2027 COVID-19 Impact and Global Analysis By Application Type (Coronary Heart Disease,Sudden...

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