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Cardiovascular Devices Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032


Report code : IS353, Status : Published, Published on: May, 2020, Pages : 144 Pages, Format : PDF/PPT/Excel

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With increasing incidences of cardiovascular diseases, the cardiovascular devices are witnessing rapid demand worldwide. Cardiovascular diseases cause the highest number of annual deaths with majority of deaths occurring due to heart attack and stroke.

According to the data published by the World Health Organization, in 2016, around 18 million people died from cardiovascular diseases. The healthcare authorities around the world are focusing on strengthening the healthcare infrastructure to accommodate the increasing number of cardiac patients.

Additionally, reinforcement in the form of home care facilities and portable devices are gaining popularity in the treatment of cardiovascular devices. The prevalence of lifestyle disorders due to sedentary lifestyle has fueled the incidences of cardiovascular diseases. The manufacturers of cardiovascular devices are continuously engaged in developing advanced devices for ambulatory surgical settings and home care settings. The global cardiovascular devices market is anticipated to witness significant growth during the forecast period.

North America contributed the largest share to the global cardiovascular devices market in 2019 owing to the presence of leading cardiovascular device manufacturers, prevalence of cardiovascular disorders, and increasing investment in research and development focused on advanced medical devices.

Europe contributed a prominent share to the global cardiovascular devices market owing to the expanding geriatric population and increasing incidences of cardiovascular diseases. Asia Pacific is estimated to register significant growth in coming years owing to increasing investment in healthcare infrastructure development, expanding geriatric population, evolving health insurance, and medical device manufacturing industry.

The report titled “Cardiovascular Devices Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global cardiovascular devices market.

Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Abbott Laboratories reported revenues of USD 31.9 billion in 2019 and the product segment analysis of the company indicates that Medical Devices business segment of the company dominated revenue in 2019.

The global cardiovascular devices market is segmented based on device type, end user, and geography. Based on device type, the global cardiovascular devices market is segmented into diagnostic and monitoring devices, and surgical devices. The diagnostic and monitoring devices are sub-segmented into ECG, Holter monitors, event monitors, implantable loop recorders, echocardiogram, pet scan, MRI, cardiac CT, and others. The surgical devices are sub-segmented into pacemakers, stents, catheters and accessories, guidewires, cannulae, electrosurgical procedures, valves, and others. Based on end user, the global cardiovascular devices market is segmented into hospitals, ambulatory surgical centers, home care settings, and others. Based on geography, the global cardiovascular devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on cardiovascular devices. Further, market share of prominent companies in the global cardiovascular devices market would also be estimated.

For instance, Abbott Laboratories operates through four business segments namely Established Pharmaceutical Products, Nutritionals, Diagnostics, and Medical Devices. The cardiovascular devices are delivered under Medical Devices business segment of the company with revenue contribution of US$ 12,239 million in 2019.

The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the cardiovascular devices manufacturers. The global cardiovascular devices market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.

Product portfolio would focus on all the products under the cardiovascular devices business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global cardiovascular devices market.

Major players active in the global cardiovascular devices market include Abbott Laboratories, Biotronik, Boston Scientific Corporation, Canon Medical Systems Corporation, Cardinal Health Inc., Edwards Lifesciences, GE Healthcare, Medtronic PLC, Siemens Healthineers AG, and W. L. Gore & Associates, Inc.

Market Segmentation:

By Product

  • Diagnostic and Monitoring
    • ECG
    • Holter Monitors
    • Event Monitors
    • Implantable Loop Recorders
    • Echocardiogram
    • Pet Scan
    • MRI
    • Cardiac CT
    • Doppler Fetal Monitors
  • Surgical Devices
    • Pacemakers
    • Stents
    • Catheters and accessories
    • Guidewires
    • Cannulae
    • Electrosurgical Procedures
    • Valves
    • Occlusion Devices

By End User

  • hospitals
  • ambulatory surgical centers
  • home care settings
  • others

By Geography:

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

    1. Introduction
      • Research Objectives
      • Report Assumptions
      • Research Methodology
      • Abbreviations
    2. Preface
      • Market Definition
      • Report Scope and Market Segmentation
      • Research Highlights
    3. Market Synopsis: Global Cardiovascular Devices Market
    4. Global Cardiovascular Devices Market Qualitative Analysis
      • Trends
        • Market trends
        • Technology Trends
      • PESTLE Analysis (For 3 prominent countries)
      • Market Influencers
        • Driving Forces
        • Hindering Forces
        • Opportunities
      • COVID-19 impact
    5. Global Cardiovascular Devices Market Analysis and Forecast, by Device Type
      • Overview and definitions
      • Key segment analysis
      • Global Cardiovascular Devices Market Estimates (US$ Mn), by Device Type, 2019 – 2032
        • Diagnostic and Monitoring devices
          • Electrocardiogram (ECG)
          • Holter monitors
          • Implantable loop recorders
          • Others
        • Surgical Devices
          • Pacemakers
          • Stents
          • Catheters and accessories
          • Guidewires
          • Cannulae
          • Heart valves
          • Others
    1. Global Cardiovascular Devices Market Analysis and Forecast, by Application
      • Overview and definitions
      • Key segment analysis
      • Global Cardiovascular Devices Market Estimates (US$ Mn), by Application, 2019 – 2032
        • Coronary Artery Disease (CAD)
        • Cardiac Arrhythmia
        • Heart Failure
        • Others
    1. Global Cardiovascular Devices Market Analysis and Forecast, by End Use
      • Overview and definitions
      • Key segment analysis
      • Global Cardiovascular Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
        • Hospitals
        • Ambulatory Surgical Centers
        • Others
    1. Global Cardiovascular Devices Market Analysis and Forecast, by Region
      • Overview and definitions
      • Key segment analysis
      • Global Cardiovascular Devices Market Estimates (US$ Mn), by Region, 2019 – 2032
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • South America
    1. North America Cardiovascular Devices Market Analysis and Forecast
      • Overview and definitions
      • Key segment analysis
      • North America Cardiovascular Devices Market Estimates (US$ Mn), by Device Type, 2019 – 2032
        • Diagnostic and Monitoring devices
          • Electrocardiogram (ECG)
          • Holter monitors
          • Implantable loop recorders
          • Others
        • Surgical Devices
          • Pacemakers
          • Stents
          • Catheters and accessories
          • Guidewires
          • Cannulae
          • Heart valves
          • Others
        • North America Cardiovascular Devices Market Estimates (US$ Mn), by Application, 2019 – 2032
          • Coronary Artery Disease (CAD)
          • Cardiac Arrhythmia
          • Heart Failure
          • Others
        • North America Cardiovascular Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
          • Hospitals
          • Ambulatory Surgical Centers
          • Others
        • North America Cardiovascular Devices Market Estimates (US$ Mn), Country, 2019 – 2032
          • The U.S.
          • Canada
          • Rest of North America
    1. Europe Cardiovascular Devices Market Analysis and Forecast
      • Overview and definitions
      • Key segment analysis
      • Europe Cardiovascular Devices Market Estimates (US$ Mn), by Device Type, 2019 – 2032
        • Diagnostic and Monitoring devices
          • Electrocardiogram (ECG)
          • Holter monitors
          • Implantable loop recorders
          • Others
        • Surgical Devices
          • Pacemakers
          • Stents
          • Catheters and accessories
          • Guidewires
          • Cannulae
          • Heart valves
          • Others
        • Europe Cardiovascular Devices Market Estimates (US$ Mn), by Application, 2019 – 2032
          • Coronary Artery Disease (CAD)
          • Cardiac Arrhythmia
          • Heart Failure
          • Others
        • Europe Cardiovascular Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
          • Hospitals
          • Ambulatory Surgical Centers
          • Others
        • Europe Cardiovascular Devices Market Estimates (US$ Mn), Country, 2019 – 2032
          • Germany
          • United Kingdom
          • Italy
          • France
          • Spain
          • Rest of Europe
    1. Asia Pacific Cardiovascular Devices Market Analysis and Forecast
      • Overview and definitions
      • Key segment analysis
      • Asia Pacific Cardiovascular Devices Market Estimates (US$ Mn), by Device Type, 2019 – 2032
        • Diagnostic and Monitoring devices
          • Electrocardiogram (ECG)
          • Holter monitors
          • Implantable loop recorders
          • Others
        • Surgical Devices
          • Pacemakers
          • Stents
          • Catheters and accessories
          • Guidewires
          • Cannulae
          • Heart valves
          • Others
        • Asia Pacific Cardiovascular Devices Market Estimates (US$ Mn), by Application, 2019 – 2032
          • Coronary Artery Disease (CAD)
          • Cardiac Arrhythmia
          • Heart Failure
          • Others
        • Asia Pacific Cardiovascular Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
          • Hospitals
          • Ambulatory Surgical Centers
          • Others
        • Asia Pacific Cardiovascular Devices Market Estimates (US$ Mn), Country, 2019 – 2032
          • Japan
          • India
          • China
          • Australia
          • Rest of Asia Pacific
    1. Middle East & Africa Cardiovascular Devices Market Analysis and Forecast
      • Overview and definitions
      • Key segment analysis
      • Middle East & Africa Cardiovascular Devices Market Estimates (US$ Mn), by Device Type, 2019 – 2032
        • Diagnostic and Monitoring devices
          • Electrocardiogram (ECG)
          • Holter monitors
          • Implantable loop recorders
          • Others
        • Surgical Devices
          • Pacemakers
          • Stents
          • Catheters and accessories
          • Guidewires
          • Cannulae
          • Heart valves
          • Others
        • Middle East & Africa Cardiovascular Devices Market Estimates (US$ Mn), by Application, 2019 – 2032
          • Coronary Artery Disease (CAD)
          • Cardiac Arrhythmia
          • Heart Failure
          • Others
        • Middle East & Africa Cardiovascular Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
          • Hospitals
          • Ambulatory Surgical Centers
          • Others
        • Middle East & Africa Cardiovascular Devices Market Estimates (US$ Mn), Country, 2019 – 2032
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East
    1. South America Cardiovascular Devices Market Analysis and Forecast
      • Overview and definitions
      • Key segment analysis
      • South America Cardiovascular Devices Market Estimates (US$ Mn), by Device Type, 2019 – 2032
        • Diagnostic and Monitoring devices
          • Electrocardiogram (ECG)
          • Holter monitors
          • Implantable loop recorders
          • Others
        • Surgical Devices
          • Pacemakers
          • Stents
          • Catheters and accessories
          • Guidewires
          • Cannulae
          • Heart valves
          • Others
        • South America Cardiovascular Devices Market Estimates (US$ Mn), by Application, 2019 – 2032
          • Coronary Artery Disease (CAD)
          • Cardiac Arrhythmia
          • Heart Failure
          • Others
        • South America Cardiovascular Devices Market Estimates (US$ Mn), by End Use, 2019 – 2032
          • Hospitals
          • Ambulatory Surgical Centers
          • Others
        • South America Cardiovascular Devices Market Estimates (US$ Mn), Country, 2019 – 2032
          • Brazil
          • Rest of South America
    1. Competition Analysis – Cardiovascular Devices Market
      • Market Composition
      • Market Share Analysis (%), by Supplier (2022)
      • Company Profiles
        • Abbott Laboratories
          • Business overview
          • Geographic presence
          • Product portfolio
          • Financial facts
          • Relevant news and strategic view
        • Biotronik
        • Boston Scientific Corporation
        • Canon Medical Systems Corporation
        • Cardinal Health Inc.
        • Edwards Lifesciences
        • GE Healthcare
        • Medtronic PLC
        • Siemens Healthineers AG
        • L. Gore & Associates, Inc.
    1. Conclusion & Recommendations
Frequently asked questions about this report

What are the major driving factors and opportunities in the cardiovascular devices market?

The prevalence of lifestyle disorders due to sedentary lifestyle has fueled the incidences of cardiovascular diseases. The manufacturers of cardiovascular devices are continuously engaged in developing advanced devices for ambulatory surgical settings and home care settings. The global cardiovascular devices market is anticipated to witness significant growth during the forecast period.

Which segment accounted for the largest cardiovascular devices market share?

Europe contributed a prominent share to the global cardiovascular devices market owing to the expanding geriatric population and increasing incidences of cardiovascular diseases.

Who are the prominent market players in the market?

Abbott Laboratories, Canon Medical Systems Corporation, GE Healthcare, Medtronic PLC and Boston Scientific Corporation are the top 5 cardiovascular devices manufacturers.

What are the different device types of cardiovascular devices used?

Based on device type, the cardiovascular devices market is segmented into diagnostic and monitoring devices, and surgical devices.