The global cardiovascular devices market accounted for USD XX million in 2015 and is estimated to reach USD XX million in 2016. The market is projected to reach USD XX million by 2021, growing at a CAGR of X% from 2016 to 2021.
Drivers and Restraints
Currently, the global cardiovascular devices market is growing at a considerable rate, owing to factors such as rapid technological advances, increasing awareness of the population, high preference of minimally invasive procedures over conventional surgeries, and emerging economies.
The key opportunities for this market are increasing product launches and a large number of mergers and acquisitions between cardiovascular devices manufacturing companies. However, lack of skilled professionals to operate the devices, stringent regulations & legislations, and a high cost of the devices & their maintenance are the key challenges faced by the market. These result in unfavorable market conditions for new players.
The massive untapped markets in the emerging countries are creating a lot of opportunities for the global cardiovascular devices market, which is expected to grow at a considerable rate during the forecast period.
The global cardiovascular devices market is segmented by –
Cardiac Rhythm Management Devices
Interventional Cardiac Devices
Automated External Defibrillators (AED)
Cardiac Ablation Catheters
Cardiac Angioplasty Devices
Implantable Cardioverter Defibrillators (ICD)
Prosthetics (Artificial) Heart Valves
Ventricular Assist Devices
Stents hold a prominent share in its segment due to the rising demand of minimally invasive surgeries (MIS) for the treatment of coronary artery disease.
Cardiopulmonary Bypass Products
Minimally Invasive Cardiac Surgery
Valve Prosthesis & Repair
Cardiac Assist Devices
The market is segmented by geography into North America, Europe, Asia-Pacific and Rest of the World. North America had the highest market share in 2015, owing to the increasing adoption of advanced surgical treatments and presence of a large pool of target population.
The U.S leads the North American market, followed by Canada. Asia-Pacific represents the fastest growing region for global cardiovascular devices, due to the growing geriatric population and increasing awareness about various cardiovascular devices.
Some of the largest market players in the cardiovascular devices market are –
Boston Scientific Corporation
Edwards Life Science
St. Jude Medical
Key Deliverables in the Study
Market analysis for the global cardiovascular devices market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers, restraints opportunities and challenges.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.
Identification and analysis of the macro and micro factors that affect the global cardiovascular devices market.
Insights of the market in the regions that have the highest potential for growth and also identify the markets that are still untapped.
Manager – Partner Relations & International Marketing
Ph: +1-214-377-1121 (US)/ +44-020-3286-9338 (UK)