New York, NY, July 17, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cardiovascular Devices Market by Device Type (Cardiac Diagnostics & Monitoring Devices, Electrophysiology Devices, Peripheral Vascular Devices, Interventional Cardiac Devices, Cardiac Rhythm Management, Cardiac Prosthetic Devices, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2024”. According to the report, global cardiovascular devices market was valued at approximately USD 39.2 billion in 2017 and is expected to generate revenue of around USD 66.70 billion by 2024, growing at CAGR of around 6.5% between 2018 and 2024.
Cardiovascular disease is one of the prominent causes of death among Western countries across the globe. Devices are designed by applying engineering principles for gaining improvement in the functioning of devices, which has minimized several predetermined side effects caused on the health of the patients. Government and ruling authorities are investing prominent share on the studies and research & development of cardiovascular disease for the development of advanced devices in order to replace conventional one. Furthermore, progress has made challenging and complex cardiovascular surgical procedures possible. Cardiovascular devices include indwelling catheters, cardiac valves, hemodialyzers, stents and stent grafts, pacemakers and implantable defibrillators, vascular grafts, blood oxygenators, and circulatory support devices.
Browse through 20 Tables & 20 Figures spread over 110 Pages and in-depth TOC on "Global Cardiovascular Devices Market Size, Trends, Industry Growth, Analysis and Forecast 2018- 2024”.
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Increasing intervention of cardiovascular diseases all across the globe has resulted in the upsurge demand for minimally invasive surgeries and this is estimated to drive the global cardiovascular device market. However, the high cost of the devices and stringent regulatory policies by approval committees are acting as restraints for the cardiovascular devices. Nonetheless, ongoing research and development and huge investment in the cardiac segment may be considered as futuristic opportunities for the cardiovascular devices market within the forecast period.
On the basis of device type, the cardiovascular devices market is segmented into cardiac diagnostics & monitoring devices, electrophysiology devices, peripheral vascular devices, interventional cardiac devices, cardiac rhythm management (CRM), cardiac prosthetic devices, and others. Cardiac diagnostic and monitoring devices dominated the cardiovascular devices market because of their compact and portable designs followed by cardiac rhythm management.
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North America is a developed regional market for cardiovascular devices and is expected to see the rapid growth in the years to come. The U.S. is by far the leading cardiovascular devices market by country in North America. The U.S. market is expected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to well-developed healthcare infrastructure, huge investments in research and development of cardiovascular devices, and increasing consumption of junk food.
Europe is the second leading market and is anticipated to show significant growth rate. This growth is mainly due to the increasing prevalence of cardiovascular diseases among all age groups, which has created an upsurge need for cardiovascular devices.
Browse the full "Cardiovascular Devices Market By Device Type (Cardiac Diagnostics & Monitoring Devices, Electrophysiology Devices, Peripheral Vascular Devices, Interventional Cardiac Devices, Cardiac Rhythm Management, Cardiac Prosthetic Devices, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018- 2024" report at https://www.zionmarketresearch.com/report/cardiovascular-devices-market
The Asia Pacific is expected to witness prominent growth in the near future. Countries such as China, India, and Japan are estimated to cover the prominent market value share in the market for cardiovascular devices. Growth in Asia Pacific market is expected to be propelled by the decline in physical activities which has resulted in the intervention of cardiovascular diseases favoring research and development and growing population base along with increasing disposable income.
The Middle East & Africa region is projected to witness low to moderate growth rate due to lack of awareness among the population base of this region. Latin America is another significant regional market and is expected to experience a moderate growth rate in the near future. Thus, all the mentioned parameters are expected to propel the market growth in this region.
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The report also includes detailed profiles of end players such as Aboimed, Inc., Abbott Vascular, Biotronik SE & Co. KG, B. Braun Melsungen AG, Cardinal Health Inc., Boston Scientific Corporation, Cook Medical, Inc., Cordis Corporation, GE Healthcare, JOHNSON & JOHNSON, and others.
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This report segments the global cardiovascular devices market as follows:
Cardiovascular Devices Market: By Device Type
- Cardiac Diagnostics & Monitoring Devices
- ECG Systems
- Event Monitors
- Holter Monitors
- Implantable Loop Recorders
- ECG Management Systems
- Electrophysiology Devices
- EP Ablation Catheters
- EP Laboratory Devices
- EP Diagnostic Catheters
- Access Devices
- Peripheral Vascular Devices
- Peripheral Vascular Stents
- Peripheral Transluminal Angioplasty Balloon Catheters
- PTA Guidewires
- Atherectomy Devices
- Chronic Total Occlusion Devices
- Aortic Stents
- Synthetic Surgical Grafts
- Embolic Protection Devices
- Inferior Vena Cava Filters
- Interventional Cardiac Devices
- Stents
- Catheters
- PTCA Balloons
- Image Systems
- Percutaneous Transluminal Coronary Angioplasty (PTCA) Guidewires
- Cardiac Rhythm Management (CRM)
- Pacemaker
- Defibrillator
- Cardiac Resynchronization Therapy
- Cardiac Prosthetic Devices
- Mechanical Heart Valves
- Tissue Heart Valves
- Transcatheter Heart Valves
- Implantable Pacemaker
- External Pacemaker
- Others
Global Cardiovascular Devices Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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