Global Cardiovascular Devices Market Value Expected To Reach $69.3 Billion By 2023

Global Cardiovascular Devices Market Value Expected To Reach $69.3 Billion By 2023

“Cardiovascular Devices Global Market Report 2020-30: Covid 19 Impact And Recovery”

Medtronic Is One Of The Largest Players In The Cardiovascular Devices Market, According To The Business Research Company’s Cardiovascular Devices Global Market Report 2020-30: Covid 19 Impact And Recovery

(Companies Covered: Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Cardinal Health Inc, Edwards Lifesciences)

The global cardiovascular devices market is expected to decline from $53.6 billion in 2019 to $44 billion in 2020 at a compound annual growth rate of -18%. The decline is mainly because of the lockdown measures due to the COVID-19 outbreak. The decrease in the demand for cardiovascular devices due to decreased number of cardiac surgeries for reasons such as re-scheduling of surgeries, cancellations and no-show by patients, coupled with the restrictions by government and health authorities to shutdown factories manufacturing these devices to contain the spread of virus and keep the staff safe, contribute to this decline. The market is then expected to recover and grow at a compound annual growth rate of 7% from 2021 and reach $69.3 billion in 2023.

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The cardiovascular devices (or) equipment market consists of sales of cardiovascular devices and related services by entities (organizations, sole traders and partnerships) that produce cardiovascular devices used in diagnosing and treating cardiovascular diseases. This industry includes establishments that produce devices such as cardiovascular surgery devices, cardiac rhythm management (CRM) devices, interventional cardiology devices, peripheral vascular devices, electrophysiology devices and other devices used in cardiovascular surgeries, treating arrhythmia and other cardiovascular diseases.

Global Cardiovascular Devices Market Segmentation –
1) By Type: Cardiovascular Surgery Devices And Equipment, Cardiac Rhythm Management (CRM) Devices And Equipment, Interventional Cardiology Devices And Equipment, Defibrillator Devices And Equipment, Peripheral Vascular Devices And Equipment, Prosthetic Heart Valve Devices And Equipment, Electrophysiology Devices And Equipment, Cardiac Assist Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

Global Cardiovascular Devices Market Driver –
Demand for minimally-invasive cardiac surgeries is increasing as they are less disruptive and traumatic for the human body, and result in less post-surgical recovery time and improved efficiency.

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Few Points From The Global Cardiovascular Devices Market TOC
1. Executive Summary
2. Report Structure
3. Cardiovascular Devices Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Cardiovascular Devices Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Cardiovascular Devices Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

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