Cardiovascular Device Market Scope
The global cardiovascular device market is expected to witness significant growth in near future owing to rapid technological developments to boost the market growth and growing preference for minimally invasive procedures. Many cardiovascular devices are designed to help control irregular heartbeats in people with heart rhythm disorders. These indiscretions are caused by problems with the heart’s electrical system, which signals the heart to contract and pump blood throughout the body.
According to AMA, the Global Cardiovascular Device market is expected to see growth rate of 6.5%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cardiovascular Device market throughout the predicted period.
Abbott Vascular (United States), Aboimed, Inc. (United States), Ge Healthcare (United States), B. Braun Melsungen AG (Germany), Boston Scientific Corporation (United States), Johnson & Johnson (United States), Medtronic Plc (Ireland), Cardinal Health, Inc. (United States), Biotronik SE & Co. KG (Germany) and Cook Medical, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Siemens Healthineers (Germany) and Terumo Medical Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cardiovascular Device market by Type (Diagnostic and Monitoring Devices and Therapeutic and Surgical Devices), by Application (Coronary Heart Disease, Sudden Cardiac Arrest, Stroke, Cerebrovascular Heart Disease and Others) and Region with country level break-up.
On the basis of geography, the market of Cardiovascular Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On June 27, 2019 - Medtronic plc, a global leader in medical technology, today announced it has completed the acquisition of Titan Spine, a privately-held titanium spine interbody implant and surface technology company.
FDA's Center for Devices and Radiological Health (CDRH) is responsible for regulating firms who manufacture, repackage, relabel, and/or import medical devices sold in the United States. In addition, CDRH regulates radiation-emitting electronic products (medical and non-medical) such as lasers, x-ray systems, ultrasound equipment and others.
Market Trend
- Satisfactory Reimbursement Scenario
- Rising Prevalence of Atherosclerosis
Market Drivers
- Rapid Technological Developments to Boost the Market Growth
- Growing Preference for Minimally Invasive Procedures
Opportunities
- Growing Awareness among the Population
Restraints
- Stringent Regulatory Policies Regarding Medical Devices
Challenges
- High Cost of Devices and Procedures
Key Target Audience
Manufacturers of Cardiovascular Device, Suppliers of Raw Materials, Distributors and Retailers of Cardiovascular Device, Healthcare Industry, Governmental Bodies and Research Firms