PUBLISHER: TechNavio | PRODUCT CODE: 1602056
PUBLISHER: TechNavio | PRODUCT CODE: 1602056
Cardiovascular Medical Devices Market 2024-2028
The cardiovascular medical devices market is forecasted to grow by USD 19078.1 mn during 2023-2028, accelerating at a CAGR of 7.2% during the forecast period. The report on the cardiovascular medical devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising incidence of cardiac diseases and growth of insurance providers, availability of advanced diagnostic methods, and increased preference for minimally invasive procedures.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.6% |
CAGR | 7.2% |
Incremental Value | $19078.1 mn |
Technavio's cardiovascular medical devices market is segmented as below:
By Product
By Geographical Landscape
This study identifies the business strategies by market vendors as one of the prime reasons driving the cardiovascular medical devices market growth during the next few years. Also, rapid technological advancements and rising adoption of wearable heart monitoring devices will lead to sizable demand in the market.
The report on the cardiovascular medical devices market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cardiovascular medical devices market vendors that include Abbott Laboratories, Argon Medical Devices Inc., B.Braun SE, BIOTRONIK SE and Co. KG, Boston Scientific Corp., Canon Inc., Cardinal Health Inc., Edwards Lifesciences Corp., Eurocor Tech GmbH, General Electric Co., Getinge AB, Johnson and Johnson Services Inc., Lepu Medical Technology Beijing Co. Ltd., LivaNova PLC, Medtronic Plc, Merit Medical Systems Inc., Newtech Medical Devices, Siemens AG, Terumo Corp., and W. L. Gore and Associates Inc.. Also, the cardiovascular medical devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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