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GLOBAL INDUSTRY INSIGHT: Cardiovascular Devices Market Size, Share, Development, Growth and
Demand Forecast to 2020
Global Cardiovascular Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020
Cardiovascular devices are used to treat cardiovascular diseases that include numerous problems, most of them
related to atherosclerosis. Atherosclerosis is a medication state characterized by when a substance called plaque
builds up in the walls of the arteries. It narrows the arteries, making it harder for blood to flow through and affects
the normal supply of blood and causes heart attack. Heart attack occurs when the blood flow of the heart is
blocked by a blood clot. Other cardiovascular diseases, such as ischemic stroke and heart failure, occur when a
blood vessel is blocked by clot. In addition, heart failure, sometimes called congestive heart failure, means the
heart isn't pumping blood properly. Arrhythmia is also one of the major cardiovascular diseases usually
characterized by abnormal rhythm of the heart. To overcome these problems, various cardiovascular devices are
used to diagnose and treat heart diseases.
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The global cardiovascular devices is segmented into cardiac rhythm management, cardiovascular monitoring and
diagnostic, interventional cardiology, prosthetic heart valves, external defibrillators, electrophysiology, peripheral
vascular, cardiac assist and cardiovascular prosthetic and cardiovascular surgery. Cardiac rhythm management
device is the largest segment in global cardiovascular devices market.
North America accounts for the largest cardiovascular devices market followed by Europe. This is due to
increased awareness about various heart diseases, developed economies and increased overweight or obese
people in the region. In addition, high disposable incomes and favorable reimbursement policies are also
supporting the growth of cardiovascular devices market in the region. The U.S., followed by Canada, is the largest
market for cardiovascular devices in North America. Germany, France and the U.K. are some of the largest
markets for cardiovascular devices in the European region. However, Asia-Pacific represents the fastest growing
region in the global cardiovascular devices market. This is due to increasing awareness about various heart
diseases in the region and increasing number of aged people in the region.
Increasing prevalence of cardiovascular diseases is key driving factor for the demand of cardiovascular devices.
Increased demand of minimally invasive surgeries and changing lifestyles are also contributing to the growth of
global cardiovascular devices market. Minimally invasive surgeries offer patients with numerous advantages
including less pain, reduced hospital stays, low chances of infections and faster recovery from diseases These
advantages attracts patients and healthcare providers to adopt cardiovascular devices for diagnosis and
treatment of cardiovascular diseases.
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Global Cardiovascular Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020
Moreover, increasing prevalence of diabetes and increasing number of overweight and obese people is boosting
the demand of global cardiovascular devices. In addition, technical innovations in cardiovascular devices will have
strong positive impacts on cardiovascular devices market in coming few years.
However, stringent regulations and legislations is a key restraint of the global cardiovascular devices market. In
addition, high cost of cardiovascular devices and lack of skilled healthcare professionals to operate expensive
devices also obstructs growth of cardiovascular devices. Rapid product launches and increasing mergers and
acquisitions between cardiovascular devices manufacturing companies are key trends in global cardiovascular
devices market.
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Some of the major competitors in the market are Medtronic Inc., MAQUET GmbH & Co. KG, Sorin Group,
Terumo Corporation, C. R. Bard Inc., SEMMT Inc., Cardima Inc. CyberHeart Incorporated, Kardium Inc.,
EndoPhotonix Inc., St. Jude Medical, MedWaves Incorporated and Edwards Lifesciences.
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Global Cardiovascular Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020
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