The Cardiovascular Devices Market To Grow At A Higher Rate
The Business Research Company’s cardiovascular devices global market report, covers the year-on-year growth of the global cardiovascular devices market historic and forecast growth. It also includes chapters on the cardiovascular devices market trends, geographical analysis, and competitive landscape.
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The global cardiovascular devices market size is expected to reach $60 Billion by 2022, significantly growing at a CAGR of around 2.5% during the forecast period
Cardiovascular Devices Market Trends:
The cardiovascular devices (or) equipment market consists of sales of cardiovascular devices and related services by entities (organizations, sole traders and partnerships) that produce cardiovascular devices used in diagnosing and treating cardiovascular diseases. This industry includes establishments that produce devices such as cardiovascular surgery devices, cardiac rhythm management (CRM) devices, interventional cardiology devices, peripheral vascular devices, electrophysiology devices and other devices used in cardiovascular surgeries, treating arrhythmia and other cardiovascular diseases.
Demand for minimally-invasive cardiac surgeries is increasing as they are less disruptive and traumatic for the human body, and result in less post-surgical recovery time and improved efficiency. These techniques may be suitable for certain procedures involving the heart valves and certain types of routine bypass surgeries. For instance, robot assisted heart surgeries are more evident in mitral valve surgeries and heart surgeries. These surgeries are replacing traditional methods with larger incisions. In this procedure surgeons use a computer enhanced device to guide the surgical tools, which consist of robotically-guided arms that reach and operate in difficult-to-reach areas, and a robotically controlled 3D camera for visualization.
The global cardiovascular devices market is primarily driven by new health reforms, growing economy and rising awareness of healthcare.
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The global cardiovascular devices market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in healthcare reforms, increasing awareness of cardiac diseases and increasing ageing population, the global cardiovascular devices market is expected to increase in potential and scope. TBRC’s report also covers the cardiovascular devices drivers and restraints in the market.
The global cardiovascular devices market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global cardiovascular devices market report are Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Cardinal Health Inc, Edwards Lifesciences
The global cardiovascular devices market is further segmented based on type and geography.
By Type - The cardiovascular devices market is segmented into cardiovascular surgery devices, cardiac rhythm management (CMR) devices, interventional cardiology devices, defibrillator devices, peripheral vascular devices, prosthetic heart valve device, electrophysiology devices, cardiac assist devices among these segments, the cardiovascular surgery devices market accounts for the largest share in the global Cardiovascular Devices market.
By Geography - The global cardiovascular devices is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global cardiovascular devices market, accounting for around 40% of the market in 2018.
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