Cardiovascular Devices Market 2028 Worldwide Trends In New Research Report
Posted by kartik joshi on December 20th, 2022
The Cardiovascular Devices Market report provides key statistics on the state of the Market and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on global major leading companies providing information such as company profiles, sales, sales revenue, market share and contact information. Finally, the marketing, feasibility of new investment projects is assessed and overall research conclusions offered
An exclusive Cardiovascular Devices Market research report provides depth analysis of the market dynamics across five regions such as North America, Europe, South America, Asia-Pacific, Middle East and Africa.
The growth of the market is due to the increasing prevalence of cardiovascular diseases and the rising number of product launches & approvals. However, the high cost of products and procedures is expected to restrict the market growth during the forecast period. Cardiovascular diseases (CVDs) are likely to remain the largest cause of morbidity and mortality globally. CVDs are disorders of the heart and blood vessels and lead to several medical conditions, such as cerebrovascular disease, coronary heart disease, and rheumatic heart disease. A few of the major lifestyle factors that lead to CVDs and difficulties are tobacco use, unhealthy diet, and physical inactivity, which increases the risk of heart attacks and strokes. Moreover, the other risk factors for cardiovascular diseases (CD) are high blood pressure, diabetes, and increased level of cholesterol levels. CVDs are among the top ten leading causes of death across the world; it affects more people than any other disease. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally.
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The prominent/emerging players in the Cardiovascular Devices Market research include:
Based on device, the cardiovascular devices market is segmented into electrocardiography (ECG), pacemaker, stent, defibrillator, cardiac catheter, guidewire, heart valve, event monitor, and others. The event monitor segment held the largest share of the market in 2021. However, the ECG segment is anticipated to register the highest CAGR of 8.0% in the market during the forecast period. The largest share of ECG segment is due to the rise in the prevalence of chronic cardiac diseases. For instance, as per the Centers for Disease Control and Prevention, over ~454,000 people are hospitalized seeking primary diagnosis for atrial fibrillation each year in the US. Increasing hospital admissions and advanced infrastructure in facilities create revenue opportunities for the cardiovascular devices market. A new generation of portable and compact ECGs is fueling the adoption of the product, especially in the home healthcare segment. With the rising incidence of cardiovascular diseases (CVD), long-term ECG monitoring is necessary. Moreover, with the introduction of wireless ECG, doctors can monitor and diagnose patients remotely on time, which further boost the market growth. For instance, in September 2020, Cardiologs, an artificial intelligence (AI) cardiology diagnostics company, entered an exclusive distribution agreement in France with MicroPort CRM to resell its cloud analysis solution for Holter ECGs. The factors mentioned above will drive the cardiovascular devices market growth.
The table of content for Market research study includes:
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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About the Authorkartik joshi
Joined: September 27th, 2022
Articles Posted: 141
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