The cardiovascular devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cardiovascular Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cardiovascular devices market size has grown strongly in recent years. It will grow from $66.15 billion in 2023 to $72.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to lifestyle-related diseases, aging population, minimally invasive procedures and implantable devices, healthcare access, regulatory approvals.
The cardiovascular devices market size is expected to see strong growth in the next few years. It will grow to $98.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to personalized medicine, remote monitoring, emerging markets growth, artificial intelligence (AI) integration, value-based healthcare. Major trends in the forecast period include wearable cardiovascular devices, minimally invasive interventions, bioresorbable devices, remote consultations and telesurgery, sustainable and eco-friendly devices.
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Scope Of Cardiovascular Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cardiovascular Devices Market Overview
Market Drivers –
An increase in the prevalence of cardiovascular disorders contributes to the growth of the cardiovascular device market. Cardiovascular disorders refer to a group of medical conditions that affect the heart and blood vessels, encompassing various diseases and disorders that involve the circulatory system. A cardiovascular device is a device used to support heart function and blood flow in people with weak or failing hearts. For instance, in June 2023, according to the Immigration and Checkpoints Authority, a Singapore-based government agency, there were 6,884 deaths attributed to heart and hypertensive diseases in 2022, an increase of 10.35% compared to 6,238 deaths recorded in 2021. Therefore, the increase in the prevalence of cardiovascular disorders is expected to drive the growth of the cardiovascular device market.
Market Trends –
Major companies operating in the cardiovascular devices market are launching new products, such as the balloon ablation catheter, to increase their profitability in the market. The balloon ablation catheter is the initial radiofrequency balloon ablation catheter designed for catheter-based cardiac electrophysiological mapping, involving both stimulation and recording of the atria. For instance, in October 2022, Biosense Webster, a US-based company operating in the science of diagnosing and treating heart rhythm disorders, launched the HELIOSTAR Balloon Ablation Catheter. The HELIOSTAR Balloon Ablation Catheter features exclusive one-shot balloon technology that allows for pulmonary vein isolation in just 12 seconds, complete with tailored energy delivery and an integrated 3D mapping solution.
The cardiovascular devices market covered in this report is segmented –
1) By Type: Cardiovascular Surgery Devices And Equipment, Cardiac Rhythm Management (CRM) Devices And Equipment, Interventional Cardiology Devices And Equipment, Defibrillator Devices And Equipment, Peripheral Vascular Devices And Equipment, Prosthetic Heart Valve Devices And Equipment, Electrophysiology Devices And Equipment, Cardiac Assist Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
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Regional Insights –
North America was the largest region in the global cardiovascular devices market in 2023. Western Europe was the second largest region in the global cardiovascular devices market. Africa. was the smallest region in the global cardiovascular devices market. The regions covered in the cardiovascular devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the cardiovascular devices market include Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Edwards Lifesciences Corporation, Johnson & Johnson, Terumo Corporation, Getinge AB, Teleflex Incorporated, Becton, Dickinson and Company, Siemens Healthineers AG, Fresenius SE & Co. KGaA, GE HealthCare Technologie Inc., Stryker Corporation, B. Braun Medical Pvt. Ltd., Baxter International Inc., Danaher Corporation, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, MicroPort Scientific America Inc., W L Gore & Associates Inc., AngioDynamics Inc., CryoLife Inc., Endologix LLC, Lombard Medical Limited, Avinger Inc., Abiomed Inc., Biosensors International Group Ltd., Biotronik SE and Co. KG, CeloNova BioSciences Inc., LeMaitre Vascular Inc., Nano Therapeutics Pvt. Ltd.
Table of Contents
1. Executive Summary
2. Cardiovascular Devices Market Report Structure
3. Cardiovascular Devices Market Trends And Strategies
4. Cardiovascular Devices Market – Macro Economic Scenario
5. Cardiovascular Devices Market Size And Growth
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27. Cardiovascular Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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