Germany Cardiovascular Devices Market by Device Types (Diagnostic and Monitoring Devices [Electrocardiogram (ECG), Remote Cardiac Monitoring, and Others] and Therapeutics and Surgical Devices [Cardiac Assist Devices, Cardiac Rhythm Management Devices, Catheter, Grafts, Stents, Heart Valves, and Others]), and End-Users (Hospitals, Ambulatory Surgery Centers, Clinics, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Germany cardiovascular devices market size is expected to expand at a high CAGR of more than 5.6% during the forecast period, 2021–2028. Growth of the market is attributed to technological advancement and the increasing cardiovascular diseases and popularity of minimally invasive surgery.
Cardiovascular disease is a disease that affects the structure and function of organs related to heart and its prevalence is increasing dramatically. With regard to cardiovascular diseases such as peripheral arterial occlusive disease coronary artery disease, congenital heart disease, and lung disease the focus has shifted to preventive health care. Cardiovascular diseases are diagnosed with the help of cardiovascular devices which are used to control, prevent, diagnose, and treat cardiovascular or heart diseases.
Market Trends, Drivers, Restraints, and Opportunities
- Rising incidence of cardiovascular diseases is expected to boost the market during the forecast period.
- Rapid growth of the healthcare industry due to increase in geriatric population with cardiac abnormalities is major factor fueling the market.
- Growing technological advancements and adoption of minimally invasive surgery is anticipated to drive the market during forecast period.
- High cost of cardiovascular devices such as pacemakers is expected to restrict the market growth.
- Stringent government regulations for product approval and lack of reimbursement policies act as major factor that can hamper the market growth during the forecast period.
- R&D investment and technological advancement in cardiovascular devices for minimally invasive surgery techniques and improvisation of healthcare infrastructure is projected to offer significant opportunities for the market players.
Scope of Cardiovascular Devices Market Report
The report on the Germany cardiovascular devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Germany Cardiovascular Devices Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Device Types (Diagnostic and Monitoring Devices [Electrocardiogram (ECG), Remote Cardiac Monitoring, and Others] and Therapeutics and Surgical Devices [Cardiac Assist Devices, Cardiac Rhythm Management Devices, Catheter, Grafts, Stents, Heart Valves, and Others]), and End-Users (Hospitals, Ambulatory Surgery Centers, Clinics, and Others) |
|
Geography |
Germany |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Boston Scientific Corporation; Edwards Lifesciences; Abbott Laboratories; Medtronic PLC; and Cardinal Health Inc. |
Germany Cardiovascular Devices Market Segment Insights
The electrocardiogram segment is projected to account for a major market share
Based on types of devices, the cardiovascular devices market is bifurcated into diagnostic & monitoring devices and therapeutics & surgical devices.
The diagnostics and monitoring segment is further sub-segmented into electrocardiogram (ECG), remote cardiac monitoring, and others. The therapeutics and surgical device segment is further sub-segmented into cardiac assist devices, cardiac rhythm management devices, catheter, grafts, stents, heart valves, and others. The electrocardiogram segment is expected to represent a key share of the market during the forecast period. This is a common painless test used to detect heart problems and monitor your health.
Due to the increasing incidence of cardiovascular diseases that require electrocardiogram monitoring, portable compact electrocardiograms are becoming popular, especially in the field of home health care by introducing wireless ECG. It helps to monitor the patient’s condition in time and perform remote diagnosis. Therefore, Growing demand for minimally invasive surgery and technological advancement is expected to drive the market during the forecast period.
The hospital segment is anticipated to expand at a rapid CAGR
Based on end-users, the cardiovascular devices market is fragmented into hospitals, ambulatory surgery centers, clinics, and others. The hospital segment is expected to represent a key share of the market during the forecast period. The hospital segment is expected to represent a key share of the market during the forecast period. Factors such as rising incidence of CVD, increasing number of patient visits to hospitals for diagnosis, rising number of cardiac implant operations, and availability of payment for these treatments drives the market.
Segments
The Germany cardiovascular devices market has been segmented on the basis of
Device Types
- Diagnostic and Monitoring Devices
- Electrocardiogram (ECG)
- Remote Cardiac Monitoring
- Others
- Therapeutics and Surgical Devices
- Cardiac Assist Devices
- Cardiac Rhythm Management Devices
- Catheter
- Grafts
- Stents
- Heart Valves
- Others
End-Users
- Hospitals
- Ambulatory Surgery Centers
- Clinics
- Others
Key Players
- Boston Scientific Corporation
- Edwards Lifesciences
- Abbott Laboratories
- Medtronic PLC
- Cardinal Health Inc.
Competitive Landscape
Key players competing in the cardiovascular devices market include Boston Scientific Corporation, Edwards Lifesciences, Abbott Laboratories, Medtronic PLC, and Cardinal Health Inc.
Some of these players are using several market strategies including/such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cardiovascular Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cardiovascular Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cardiovascular Devices Market - Supply Chain
4.5. Global Cardiovascular Devices Market Forecast
4.5.1. Cardiovascular Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cardiovascular Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Cardiovascular Devices Market Absolute $ Opportunity
5. Global Cardiovascular Devices Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Cardiovascular Devices Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Cardiovascular Devices Demand Share Forecast, 2019-2026
6. North America Cardiovascular Devices Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Cardiovascular Devices Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Cardiovascular Devices Demand Share Forecast, 2019-2026
7. Latin America Cardiovascular Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Cardiovascular Devices Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Cardiovascular Devices Demand Share Forecast, 2019-2026
8. Europe Cardiovascular Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Cardiovascular Devices Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Cardiovascular Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Cardiovascular Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Cardiovascular Devices Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Cardiovascular Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Cardiovascular Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Cardiovascular Devices Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Cardiovascular Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Cardiovascular Devices Market: Market Share Analysis
11.2. Cardiovascular Devices Distributors and Customers
11.3. Cardiovascular Devices Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Boston Scientific Corporation Edwards Lifesciences Abbott Laboratories Medtronic PLC Cardinal Health Inc.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cardiovascular Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cardiovascular Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cardiovascular Devices Market - Supply Chain
4.5. Global Cardiovascular Devices Market Forecast
4.5.1. Cardiovascular Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cardiovascular Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Cardiovascular Devices Market Absolute $ Opportunity
5. Global Cardiovascular Devices Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Cardiovascular Devices Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Cardiovascular Devices Demand Share Forecast, 2019-2026
6. North America Cardiovascular Devices Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Cardiovascular Devices Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Cardiovascular Devices Demand Share Forecast, 2019-2026
7. Latin America Cardiovascular Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Cardiovascular Devices Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Cardiovascular Devices Demand Share Forecast, 2019-2026
8. Europe Cardiovascular Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Cardiovascular Devices Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Cardiovascular Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Cardiovascular Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Cardiovascular Devices Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Cardiovascular Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Cardiovascular Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Cardiovascular Devices Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Cardiovascular Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Cardiovascular Devices Market: Market Share Analysis
11.2. Cardiovascular Devices Distributors and Customers
11.3. Cardiovascular Devices Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Boston Scientific Corporation Edwards Lifesciences Abbott Laboratories Medtronic PLC Cardinal Health Inc.
The Germany cardiovascular devices market has been segmented on the basis of
Device Types
- Diagnostic and Monitoring Devices
- Electrocardiogram (ECG)
- Remote Cardiac Monitoring
- Others
- Therapeutics and Surgical Devices
- Cardiac Assist Devices
- Cardiac Rhythm Management Devices
- Catheter
- Grafts
- Stents
- Heart Valves
- Others
End-Users
- Hospitals
- Ambulatory Surgery Centers
- Clinics
- Others
Key Players
- Boston Scientific Corporation
- Edwards Lifesciences
- Abbott Laboratories
- Medtronic PLC
- Cardinal Health Inc.
Key players competing in the cardiovascular devices market include Boston Scientific Corporation, Edwards Lifesciences, Abbott Laboratories, Medtronic PLC, and Cardinal Health Inc.
Some of these players are using several market strategies including/such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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