The Business Research Company’s Cardiovascular Devices Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The global cardiovascular devices market expected to reach a value of nearly $80.68 billion by 2022, significantly growing at a CAGR of 5.7% during the forecast period. The growth in the Cardiovascular Devices market is due to new health reforms, growing economy and rising awareness of healthcare.
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.
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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.
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
The present study exhibits the trends and market dynamics of the cardiovascular devices market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
Some of the major key players involved in the cardiovascular devices market are Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Cardinal Health Inc, Edwards Lifesciences.
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This post was originally published on The Market Plan