PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566007
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566007
India Cardiovascular Devices Market, By Device Type; By Application; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Cardiovascular Devices Market Booming at Healthy CAGR to Surpass Value of USD 1.6 Billion by 2030
India Cardiovascular Devices Market is flourishing due to increasing prevalence of cardiovascular diseases, rapidly aging population, and the government's initiatives and regulations aimed at enhancing healthcare infrastructure and accessibility.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Cardiovascular Devices Market size by value at USD 0.91 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Cardiovascular Devices Market size to expand at a CAGR of 9.15% reaching a value of USD 1.67 billion by 2030. The Cardiovascular Devices Market in India is propelled by the escalating burden of heart failures, exacerbated by the COVID-19 pandemic. Initiatives like the National Heart Failure Biobank are playing a pivotal role in accelerating market growth by fostering research and enhancing treatment capabilities. Technological advancements, such as AI, robotics, and innovative product launches like Medtronic's Micra AV and Arctic Front, are also contributing significantly. The increasing prevalence of cardiovascular diseases among India's aging population further underscores the market's potential. As healthcare infrastructure continues to improve and awareness campaigns gain momentum, India Cardiovascular Devices Market is well-positioned to maintain a strong and steady growth trajectory.
Opportunity - Technological Advancements to Enhance Patient Care and Reduce Costs
Advancements in technology have significantly improved patient care and reduced costs in India Cardiovascular Devices Market. Innovations such as drug-eluting stents and bioresorbable alternatives enhance treatment outcomes, while cutting-edge catheterization techniques like intravascular ultrasound (IVUS) and optical coherence tomography (OCT) provide precise coronary artery imaging for better diagnosis and treatment. The rise of robotic-assisted and minimally invasive procedures reduces recovery times and complications, offering patients quicker, less painful recoveries with fewer risks. Advanced imaging technologies, including cardiac MRI and 3D echocardiography, enable accurate diagnosis and treatment planning, while implantable devices like pacemakers and defibrillators with remote monitoring capabilities efficiently manage heart rhythm disorders. Artificial intelligence (AI) and machine learning (ML) facilitate early detection and personalized treatment plans, and telemedicine enables remote consultations, broadening access, especially in underserved areas. Wearable devices and mobile apps enhance remote cardiac monitoring and rehabilitation, while 3D printing, and nanotechnology contribute to patient-specific models and advanced drug delivery systems. These technological advancements not only improve diagnostic precision and treatment efficacy but also reduce the overall cost of care by minimizing hospital stays, complications, and post-operative care needs.
North India Holds Largest Share of India Cardiovascular Devices Market
North India, particularly Delhi, has established itself as a prominent hub for advanced cardiovascular care. The region's extensive network of world-class hospitals and specialized cardiac centers, coupled with its flourishing economy, has solidified its position as a dominant force in the cardiovascular device market. The higher average incomes in the region enable individuals to access high-quality healthcare, including sophisticated cardiovascular procedures. Additionally, the dense population and elevated prevalence of cardiovascular diseases in North India create a substantial demand for innovative cardiovascular solutions. Renowned educational and research institutions contribute to the continuous advancement of cardiovascular technology, while the region's reputation as a medical tourism destination attracts international patients seeking specialized care, further driving market growth.
Impact of Escalating Geopolitical Tensions on India Cardiovascular Devices Market
India Cardiovascular Devices Market may face significant challenges from intensifying geopolitical tensions across the world. The ripple effects of geopolitical unrest could disrupt global supply chains, delaying the arrival of essential components and raw materials. Moreover, the specter of tariffs and trade barriers looms large, potentially driving up costs for both manufacturers and patients. The uncertainty created by these geopolitical storms could also chill foreign investment in India's healthcare sector, hampering innovations and the adoption of cutting-edge cardiovascular technologies.
Competitive Landscape
India Cardiovascular Devices Market is fragmented, with numerous players serving the market. The key players dominating India Cardiovascular Devices Market include Abbott Laboratories, Boston Scientific Corporation, GE Healthcare, W. L. Gore and Associates, Medtronic PLC, Siemens Healthineers, Terumo Corporation, Canon Medical Systems, Cardinal Health Inc., and B. Braun Melsungen AG. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Cardiovascular Devices Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Cardiovascular Devices Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Cardiovascular Devices Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising prevalence of cardiovascular diseases
- 3.2.1.2. Growing geriatric population
- 3.2.1.3. Government programs and policies to improve healthcare infrastructure and accessibility
- 3.2.1.4. Rising disposable income
- 3.2.2. Restraints
- 3.2.2.1. High Cost of Devices
- 3.2.2.2. Lack of Awareness among many people in rural areas
- 3.2.2.3. Inadequate healthcare infrastructure in certain regions
- 3.2.3. Opportunities
- 3.2.3.1. Innovations in device technology
- 3.2.3.2. Government initiatives to promote domestic manufacturing
- 3.2.3.3. Advancements in technology can improve patient care and reduce costs.
- 3.2.4. Challenges
- 3.2.4.1. Strict Regulatory Environment
- 3.2.4.2. Presence of counterfeit devices in the market
- 3.2.4.3. Shortage of skilled healthcare professionals
- 3.2.5. Stringent regulatory processes can delay market entry for new devices.
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Cardiovascular Devices Market: Pricing Analysis
5. India Cardiovascular Devices Market: Marketing Strategies
6. India Cardiovascular Devices Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Device Type
- 6.2.1.1. Diagnostic and Monitoring Devices
- 6.2.1.1.1. Electrocardiogram
- 6.2.1.1.2. Remote Cardiac Monitoring
- 6.2.1.1.3. and Others
- 6.2.1.2. Therapeutic and Surgical Devices
- 6.2.1.2.1. Ventricular Assist Devices (VAD)
- 6.2.1.2.2. CRM Devices
- 6.2.1.2.3. Catheters
- 6.2.1.2.4. Stents
- 6.2.1.2.5. Heart Valves
- 6.2.1.2.6. Others
- 6.2.2. By Application
- 6.2.2.1. Coronary Artery Diseases
- 6.2.2.2. Cardiac Arrhythmia
- 6.2.2.3. Heart Failure
- 6.2.2.4. Others
- 6.2.3. By End User
- 6.2.3.1. Hospitals
- 6.2.3.2. Specialty Clinics
- 6.2.3.3. Others
- 6.2.4. By Region
- 6.2.4.1. North India
- 6.2.4.2. South India
- 6.2.4.3. East India
- 6.2.4.4. West India
- 6.2.1. By Device Type
7. North India Cardiovascular Devices Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Device Type
- 7.2.2. By Application
- 7.2.3. By End User
8. South India Cardiovascular Devices Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Device Type
- 8.2.2. By Application
- 8.2.3. By End User
9. East India Cardiovascular Devices Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Device Type
- 9.2.2. By Application
- 9.2.3. By End User
10. West India Cardiovascular Devices Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Device Type
- 10.2.2. By Application
- 10.2.3. By End User
11. India Cardiovascular Devices Market: Import & Export
12. Competitive Landscape
- 12.1. List of Key Players and Their Offerings
- 12.2. India Cardiovascular Devices Company Market Share Analysis, 2023
- 12.3. Competitive Benchmarking, By Operation Channel Parameters
- 12.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
13. Impact of Escalating Geopolitical Tensions on India Cardiovascular Devices Market
14. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 14.1. Abbott Laboratories
- 14.2. Boston Scientific Corporation
- 14.3. GE Healthcare
- 14.4. W. L. Gore and Associates
- 14.5. Medtronic PLC
- 14.6. Siemens Healthineers
- 14.7. Terumo Corporation
- 14.8. Canon Medical Systems
- 14.9. Cardinal Health Inc.
- 14.10. B. Braun Melsungen AG
- 14.11. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
- 16.1. Qualitative Research
- 16.1.1. Primary & Secondary Research
- 16.2. Quantitative Research
- 16.3. Market Breakdown & Data Triangulation
- 16.3.1. Secondary Research
- 16.3.2. Primary Research
- 16.4. Breakdown of Primary Research Respondents, By Region
- 16.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Cardiovascular Devices Market Segmentation
- Figure 2 India Cardiovascular Devices Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Figure 6 India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 7 India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 8 India Cardiovascular Devices Market Share, By Region, By Value (USD Billion) 2019-2030
- Figure 9 North India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Figure 10 North India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Figure 11 North India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 12 North India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 13 South India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Figure 14 South India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Figure 15 South India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 16 South India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 17 East India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Figure 18 East India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Figure 19 East India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 20 East India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 21 West India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Figure 22 West India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Figure 23 West India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 24 West India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
List of Tables
- Table 1 India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Table 3 India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 4 India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 5 India Cardiovascular Devices Market Share, By Region, By Value (USD Billion) 2019-2030
- Table 6 North India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Table 7 North India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Table 8 North India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 9 North India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 10 South India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Table 11 South India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Table 12 South India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 13 South India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 14 East India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Table 15 East India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Table 16 East India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 17 East India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 18 West India Cardiovascular Devices Market Size, By Value (USD Billion), 2019-2030
- Table 19 West India Cardiovascular Devices Market Share, By Device Type, By Value (USD Billion) 2019-2030
- Table 20 West India Cardiovascular Devices Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 21 West India Cardiovascular Devices Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 22 Abbott Laboratories Company Overview
- Table 23 Abbott Laboratories Financial Overview
- Table 24 Boston Scientific Corporation Company Overview
- Table 25 Boston Scientific Corporation Financial Overview
- Table 26 GE Healthcare Company Overview
- Table 27 GE Healthcare Financial Overview
- Table 28 W. L. Gore and Associates Company Overview
- Table 29 W. L. Gore and Associates Financial Overview
- Table 30 Medtronic PLC Company Overview
- Table 31 Medtronic PLC Financial Overview
- Table 32 Siemens Healthineers Company Overview
- Table 33 Siemens Healthineers Financial Overview
- Table 34 Terumo Corporation Company Overview
- Table 35 Terumo Corporation Financial Overview
- Table 36 Canon Medical Systems Company Overview
- Table 37 Canon Medical Systems Financial Overview
- Table 38 Cardinal Health Inc. Company Overview
- Table 39 Cardinal Health Inc. Financial Overview
- Table 40 B. Braun Melsungen AG Company Overview
- Table 41 B. Braun Melsungen AG Financial Overview
