August 7, 2020

Cardiovascular Devices Market Key Drivers, Challenges With Forecast To 2023

The Business Research Company published its Cardiovascular Devices Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Cardiovascular Devices market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.

The report covers the cardiovascular devices market’s segments- 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, by end user: hospitals and clinics, diagnostic laboratories, others, by type of expenditure: public, private, and by product: instruments/equipment, disposables.

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Cardiovascular Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

The global cardiovascular devices market is expected to decline from $53.6 billion in 2019 to $44 billion in 2020 at a 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 rate of 7% from 2021 and reach $69.3 billion in 2023.

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. These techniques may be suitable for certain procedures involving the heart valves and certain types of routine bypass surgeries. For instance, robot assisted heart surgeries are more evident in mitral valve surgeries and heart surgeries.

Few Points From Table Of Content 

1. Executive Summary
2. Report Structure
3. Cardiovascular Devices Market Characteristics
4. Cardiovascular Devices Market Product Analysis
5. Cardiovascular Devices Market Supply Chain
20. Key Mergers And Acquisitions In The Cardiovascular Devices Market
21. Market Background: Medical Equipment Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer

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Few Points From List Of Table 
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Cardiovascular Devices Market, 2019, By Region, Value ($ Billion)
Table 129: Global Cardiovascular Devices Market In 2023- Growth Countries
Table 130: Global Cardiovascular Devices Market In 2023- Growth Segments
Table 131: Global Cardiovascular Devices Market In 2023- Growth Strategies

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