Cardiovascular Devices Market Global Briefing 2018
Including: Cardiovascular Surgery Devices, Defibrillator Devices, and Cardiac Assist Devices, Cardiac Rhythm Management (CRM) Devices, Interventional Cardiology Devices
Covering: Medtronic Plc, Abbott Laboratories Inc. and Boston Scientific Corporation
The Business Research Company’s reports are based on the methodology below.
Our datasets are created using a wide range of proprietary and public sources including leading government bodies, associations, trade journals, market intelligence reports and trade magazines. Data is modelled based on hard data, extrapolation, regression analysis based on known macro data inputs, interpolation between hard figures, comparisons with other geographies and markets, price estimations, and qualitative inputs. Data is triangulated within our unique market data model covering an exhaustive list of 200+ markets across 12 countries and 5 regions. Comparable data is used for sanity check and trend analysis. For example, our global market value data is compared to unit sales and price data for the relevant market as well as relevant macro-economic datasets in order to establish validity.
Market value is defined as the revenues earned by organizations for products and services within the specified market. The break down by geography is revenue generated within the specific industry by organizations in the specified geography, irrespective of where they are produced.
Competitor Market Share Data
The competitor market share data is intended to represent the companies that gain the most revenues from the given market and the percentage share of the market that they hold. If a company derives most of its revenues from the market, its revenues are given in full. If a large part of the company's revenues come from other markets, only the division of the company which operates in this market is included. Where accurate information is not available on the revenues a company generates from the market its market share is not included, however a profile of the company may still be included if it is a significant competitor in the market.
Analysis is drawn from our consultants’ wide range of industry and research experience as well as public and proprietary sources. Consultants are trained in research techniques and ethics by the Market Research Society.
Verification Through Expert Interviews
Every year The Business Research Company carries out thousands of interviews with senior executives and industry experts across hundreds of markets. Through these interviews we develop our internal understanding of markets and geographies and cross reference our understanding of global markets with expert feedback utilizing ‘Delphic’ research methodologies.
The Business Research Company prides itself on the quality and validity of its data and analysis. Our unique ‘end noted’ referencing approach allows the user to trace our market numbers and analysis back to the specific data sources they were derived from.
Note on Currency Conversions
All currency conversions are done on the basis of 2015 exchange rates.
Cardiovascular devices are designed to diagnose, prevent, monitor and treat diseases related to the cardiovascular system, including heart diseases and related health problems. They include arrhythmia detectors, noninvasive blood pressure measurement systems, diagnostic intravascular catheters, external cardiac compressors, coronary vascular physiologic simulation software devices, external programmable pacemaker pulse generators, cardiac monitors, cardiopulmonary bypass defoamers, echocardiographs, vascular graft prostheses, electrocardiographs, defibrillators and others.
Asia Pacific was the largest region in the cardiovascular devices market in 2017, accounting for around 32% market share. North America was the second largest region accounting for around 32% market share. Africa was the smallest region accounting for around 3% market share.
Companies in the market are focusing on R&D. Areas of development include pacemakers, coronary stents, angioplasty products and implantable cardiac defibrillators. For instance, introduction of bio absorbable vascular stents in percutaneous coronary interventions is promising. In July 2016, the FDA approved the first fully absorbable stent, Absorb GT1 BVS manufactured by Abbott Vascular for coronary artery disease. It offers a new treatment option for patients undergoing angioplasty and opting for absorbable devices instead of metallic stents. In April 2016, FDA approved the world’s first leadless pacemaker, Micra Transcatheter Pacemaker System to treat heart rhythm disorders, which is manufactured by Medtronic Plc. This pacemaker can deliver percutaneously directly into the right ventricle through a minimally invasive approach, and does not require the use of wired leads in providing electrical connection between heart and pulse-generating devices.
- Table 1 : Global Cardiovascular Devices Market, Historic Market Size, 2013-2017
- Table 2 : Global Cardiovascular Devices Market, Forecast Market Size, 2017 â€“ 2021
- Table 3 : Global Cardiovascular Devices Market, Split By Region, 2017
- Table 4 : Global Cardiovascular Devices Market, Historic And Forecast Growth, By Region, 2013 – 2021
- Table 5 : Global Cardiovascular Devices Market, Split By Country, 2017
- Table 6 : Global Cardiovascular Devices Market, Historic and Forecast Growth Rate, By Country, 2013-2021
- Table 7 : Global Cardiovascular Devices Market, Key Competitor Estimated Market Shares, 2017
- Figure 1 : Global Cardiovascular Devices Market, Historic Market Size, 2013 – 2017
- Figure 2 : Global Cardiovascular Devices Market, Forecast Market Size, 2017 - 2021
- Figure 3 : Global Cardiovascular Devices Market, Split By Region, 2017
- Figure 4 : Global Cardiovascular Devices Market, Historic and Forecast Growth, By Region, 2013-2021
- Figure 5 : Global Cardiovascular Devices Market, Split By Country, 2017
- Figure 6 : Global Cardiovascular Devices Market, Historic and Forecast Growth Rate, By Country, 2013-2021
- Figure 7 : Global Cardiovascular Devices Market, Key Competitor Estimated Market Shares, 2017
The Business Research Company is a market research and intelligence company which excels in company, market and consumer research. It has over 50 research professionals at its offices in India, the UK and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.