Infinium Global Research has added a new report on Global Cardiovascular Implants Market. The report covers the analysis of global as well as regional markets of cardiovascular implants. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global cardiovascular implants market is projected to grow at a CAGR of 7.85% over the forecast period of 2019-2025.
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Cardiovascular implants are devices used for the treatment of heart diseases. It is implanted into the heart for monitoring and maintaining the normal functioning of the heart. Cardiovascular implants contain implantable cardioverter defibrillators (ICDs), implantable hemodynamic monitoring, pacemakers, implanted heart rhythm monitors, cardiac resynchronization therapy and others. These implants are used in heart diseases such as arrhythmias, acute myocardial infarction, and myocardial ischemia. These devices are sophisticated modern devices, intended to remain inside a patient’s body and monitor the proper functioning of heart and blood vessels. There are two types of implants. One is used at the time of surgery or during the stay of the patients in the hospital and the other remain inside a patient after he/she goes home.
Cardiovascular Implants Market: Drivers and Restraints
Growing occurrence of cardiovascular disorders and growing consciousness regarding health care in people are some of the major factor driving the demand for Cardiovascular implants market. As per WHO CVDs are the number one cause of death worldwide. Further, in 2016 an estimated in 2016, 17.9 million people died from CVDs. Addition to this, as per the American College of Cardiology, in 2017, cardiovascular diseases account for around 800,000 deaths in the U.S. growing aging population, advancement in technology, increase in income and growing consumers spending on healthcare sectors are again motivating the growth for this market. Moreover, favorable reimbursement policies by government agencies are also boosting the market growth. On the contrary, a strict approval process and high cost of devices are anticipated restraining the growth of the market. Besides, increasing the adoption of these implants is likely to generate the growth opportunity for the market during the forecast period.
North America Dominated the Growth of the Cardiovascular Implants Market
In terms of geographies, North America dominated the growth of the cardiovascular implants market. Factors such as high acceptance of cardiac implantable devices, increasing occurrence of cardiac diseases, development in technologies and growing acceptance of advanced diagnostic tools in the healthcare sector are several factors driving the growth of the North America region for the cardiovascular implants market.
Cardiovascular Implants Market: Segmentation
The report on global cardiovascular implants market covers segments such as type and end-user. On the basis of type, the sub-markets include coronary stents, peripheral stents, heart valves, implanted cardiac pacemakers, implantable cardioverter defibrillator, and cardiac resynchronization therapy (CRT) device. On the basis of end-user, the sub-markets include hospitals, cardiac care centers, and specialty clinics.
Cardiovascular Implants Market: Competitive Landscape
The report provides profiles of the companies in the market such as Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Bard Medical, Inc, Cook Medical Incorporated, Terumo Corporation, Edwards Lifesciences, AMG International, SynCardia Systems, LLC, LivaNova PLC, and other companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the cardiovascular implants.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.