US Cardiovascular Devices Market

US Cardiovascular Devices Market Research Report Information By Device Type (Diagnostic & Monitoring And Therapeutic & Surgical Devices), By Application (Cardiac Arrhythmia, Coronary Artery Disease, Heart Failure, And Others), By End User (Hospitals, Specialty Clinics, And Others), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) โ€“ Market Forecast Till 2032

ID: MRFR/HC/11223-CR | 100 Pages | Author: Garvit Vyas | December 2023         

The demand for cardiovascular devices in the United States is driven by a variety of factors, reflecting the prevalence of cardiovascular disease (CVD) and the need for advanced medical interventions to treat and manage these conditions. CVD is a leading cause of death in the US, affecting millions of Americans and placing a significant burden on the healthcare system. As a result, there is a growing demand for cardiovascular devices that can help diagnose, treat, and monitor CVD.

One of the key drivers of demand in the US cardiovascular devices market is the aging population. As people age, their risk of developing CVD increases, leading to a greater need for cardiovascular interventions and devices. Additionally, the rise in lifestyle-related risk factors such as obesity, diabetes, and hypertension has contributed to the increasing prevalence of CVD, further driving demand for cardiovascular devices.

The US cardiovascular devices market is segmented into various categories, including diagnostic and monitoring devices, therapeutic devices, and cardiac assist devices. Diagnostic and monitoring devices, such as electrocardiography (ECG) machines, Holter monitors, and blood pressure monitors, are used to diagnose and monitor CVD. These devices are essential for early detection and management of CVD, helping healthcare providers to develop personalized treatment plans for patients.

Therapeutic devices, such as pacemakers, implantable cardioverter-defibrillators (ICDs), and cardiac resynchronization therapy (CRT) devices, are used to treat CVD and help maintain normal heart function. These devices are often implanted surgically and can significantly improve the quality of life for patients with CVD.

Cardiac assist devices, such as ventricular assist devices (VADs) and extracorporeal membrane oxygenation (ECMO) machines, are used to support the heart and circulatory system in patients with severe heart failure or during cardiac surgery. These devices can be lifesaving for patients who are not candidates for heart transplantation or who need temporary support while recovering from surgery.

The US cardiovascular devices market is highly competitive, with a large number of companies offering a wide range of products. Key players in the market include Medtronic, Abbott Laboratories, Boston Scientific Corporation, and Johnson & Johnson, among others. These companies invest heavily in research and development to introduce innovative products that address the evolving needs of patients with CVD.

In recent years, there has been a trend towards minimally invasive procedures for treating CVD, driving demand for devices that can be implanted using less invasive techniques. Minimally invasive procedures offer several advantages over traditional open-heart surgery, including faster recovery times, reduced risk of complications, and shorter hospital stays. As a result, there is a growing demand for devices such as transcatheter heart valves, which can be implanted using a catheter rather than through open-heart surgery.

Overall, the demand for cardiovascular devices in the US is expected to continue growing, driven by demographic trends, the increasing prevalence of CVD, and ongoing technological advancements. As the population ages and the burden of CVD continues to rise, there will be a greater need for innovative cardiovascular devices that can help improve outcomes for patients with these conditions.

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 6125 Million
  CAGR   6.20% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Device Type, Application, End User, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Abbott Laboratories (US), BioTelemetry Inc. (US), Fukuda Denshi Co. Ltd (Japan), Applied Cardiac Systems Inc. (US), Medtronic plc (Ireland), Nihon Kohden Corporation (Japan), Alive Cor Inc. (US), Biotronik (Germany), GE Healthcare (US), Spacelabs Healthcare (US)
  Key Market Opportunities   Growing Incidence of CVDs to Offer Market Expansion Opportunities
  Key Market Drivers   Innovation in Product to Grow the Adoption of Device among Professionals

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major playersโ€™ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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