Global Cardiovascular Devices Market Worth $54.2bn in 2021

Wednesday 1 February 2017, Amsterdam

This new report, now available on ASDReports, Global Cardiovascular Devices Market Forecast 2017-2027: Diagnostics & Monitoring, Surgical, ECG, Holter Monitors, Event Monitors, Implantable Loop Recorders, Ultrasound, Echocardiograms, Doppler Foetal Monitors, CT-Scan, PET/SPECT, Cardiac CT MRI, Stents, Valves, Pacemakers, Occlusion Devices, Cannulae, Electrosurgical Devices, Accessories/Consumables, Guidewires, Catheters indicates that the global cardiovascular devices market will see $54.2bn in spending in 2021.

The global cardiovascular devices market was valued at $40.05bn in 2016. The key player estimates that this market will grow at a CAGR of 6.4% in the first half of the forecast period and reach $54.22bn in 2021.This market is estimated to grow faster in the second half of the forecast period, growing at a CAGR of 7.1% and reach $81.38bn in 2027. The global cardiovascular devices market is estimated to grow at a CAGR of 6.7% from 2017 to 2027.

The lead analyst of the report said: “The global cardiovascular devices market is anticipated to show considerable growth during the forecast period. Cardiovascular diseases are the leading cause of deaths in the world. High prevalence of cardiovascular diseases (CVD), technical advancement and rising awareness regarding early diagnosis and prevention solutions are some of the prime factors impacting the growth of the global cardiovascular devices market positively.

On the other hand, requirement of skilled professionals for usage of commercially available technologies such as PET/SPECT, placing implantable loop recorder and stents is hindering the growth of the market.”

The 142 page report contains 130 charts (tables and figures) that add visual analysis in order to explain the developing trends within the Global Cardiovascular Devices Market. The key player provides revenue forecasts for the period 2017-2027 as well as qualitative analyses for the leading segments of this market: Surgical Devices as well as Diagnostics and Monitoring Devices