The cardiovascular devices market is expected to grow from US$ 48,106.47 million in 2021 to US$ 76,526.68 million in 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.
The growth of the market is due to the increasing prevalence of cardiovascular diseases and the rising number of product launches & approvals. However, the high cost of products and procedures is expected to restrict the market growth during the forecast period. Cardiovascular diseases (CVDs) are likely to remain the largest cause of morbidity and mortality globally. CVDs are disorders of the heart and blood vessels and lead to several medical conditions, such as cerebrovascular disease, coronary heart disease, and rheumatic heart disease. A few of the major lifestyle factors that lead to CVDs and difficulties are tobacco use, unhealthy diet, and physical inactivity, which increases the risk of heart attacks and strokes. Moreover, the other risk factors for cardiovascular diseases (CD) are high blood pressure, diabetes, and increased level of cholesterol levels. CVDs are among the top ten leading causes of death across the world; it affects more people than any other disease. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally.The cardiovascular devices market is segmented into device, application, and end user. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The cardiovascular device market report offers insights and in-depth analysis of the market, emphasizing market trends, technological advancements, market dynamics, and the competitive analysis of the globally leading market players.
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Cardiovascular Devices Market: Strategic Insights
Market Size Value in US$ 48,106.47 million in 2021 Market Size Value by US$ 76,526.68 million in 2028 Growth rate CAGR of 6.9% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Cardiovascular Devices Market: Strategic Insights
| Market Size Value in | US$ 48,106.47 million in 2021 |
| Market Size Value by | US$ 76,526.68 million in 2028 |
| Growth rate | CAGR of 6.9% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Lucrative Regions for Cardiovascular Devices Market
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Market Insights
Significantly Increasing Prevalence of Cardiovascular Diseases Drives Cardiovascular Device Market
Cardiovascular diseases (CVDs) are likely to remain the largest cause of morbidity and mortality across the world. According to the European Cardiovascular Disease Statistics 2017, CVD causes 3.9 million deaths in Europe and more than 1.8 million deaths in the European Union (EU) every year. The disease accounts for 45.0% of all deaths in Europe and 37.0% of all deaths in the EU. The European Society of Cardiology reported that patients suffering from atrial fibrillation are at a five-times greater risk of getting a stroke, and 20–30% of total stroke cases in Europe are caused due to atrial fibrillation. As per a study conducted by the European Society of Cardiology in 2016, in the EU, ~7.6 million people aged 65 and above had atrial fibrillation, and the number is estimated to increase by 89% to reach ~14.4 million by 2060. As per the report "Beyond The Burden: The Impact of Atrial Fibrillation in the Asia Pacific" by Biosense Webster, published in 2019, more than 16 million people in Asia Pacific suffer from atrial fibrillation, and the number is expected to reach ~72 million by 2050.
Device-Based Insights
Based on device, the global cardiovascular device market is segmented into an electrocardiography (ECG), pacemaker, stent, defibrillator, cardiac catheter, guidewire, heart valve, event monitor, and others. In 2021, the event monitor segment held the largest share of the market. However, the electrocardiography (ECG) segment of the cardiovascular devices market is expected to grow at a highest CAGR of 8.0% from 2021 to 2028.
Cardiovascular Devices Market, by Product (during 2021–2028)
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Application-Based Insights
Based on the application, the cardiovascular devices market is segmented into coronary heart disease, sudden cardiac arrest, stroke, cerebrovascular heart disease, and others. In 2021, the coronary heart disease segment held the largest share of the market. However, the stroke segment is expected to grow at the fastest rate during the coming years, owing to rising aneurysms among patients.
End User-Based Insights
Based on end user, the cardiovascular devices market is segmented into hospitals, cardiac centers, and ambulatory centers. In 2021, the hospitals segment held the largest share of the market. Furthermore, the hospitals segment is expected to grow at the fastest rate during the coming years due to its advantages.
Product launches and collaborations are highly adopted strategies by the global cardiovascular device market players. A few of the recent key market developments are listed below:
- In January 2019, Medtronic plc. announced the launch of its MyCareLink Heart mobile app that supports the peacemakers that are used to communicate directly with patients' smartphones and tablets.
- In January 2021, Medtronic plc announced the launch of its MyCareLink Heartmobile app to support the world's first and only portfolio of pacemakers that can communicate directly with patients' smartphones and tablets. It is compatible with Medtronic BlueSync technology-enabled pacemakers. The MyCareLink Heart mobile app is designed to securely and wirelessly send device data to the Medtronic CareLink network via smart technology, eliminating the need for a dedicated bedside monitor or other remote monitoring hardware.
- In July 2021, Abbott announced the US launch of Jot Dx, the company’s latest insertable cardiac monitor (ICM). Jot Dx ICM is supported by SyncUP, a personalized service that delivers one-on-one training and education to help patients connect and stay connected to their ICM.
- In February 2022, Boston Scientific Corporation announced that it acquired Baylis Medical Company Inc., which offers advanced transseptal access solutions and guidewires, sheaths, and dilators used to support catheter-based left-heart procedures
The COVID-19 pandemic forced many companies in the global cardiovascular devices market to discontinue business operations for short term to follow new government regulations to control the spread of COVID-19. This directly impacted the revenue flow of the global market. Furthermore, the manufacturing of industrial products stopped, owing to the lack of raw materials and workforce during the lockdown period. Moreover, no new consignments were received by companies that operate in this sector. Hence, the COVID-19 outbreak affected the market growth due to the lockdown measures in the countries and the delay in manufacturing and production of raw materials, process materials, and intermediate products used in pharmaceutical & biotechnological companies. The market is anticipated to witness a slow recovery during the forecast period.
Cardiovascular Devices Market – Market Segmentation
The global cardiovascular devices market is segmented into device, application, and end user. Based on device, the market is segmented into electrocardiography (ECG), pacemaker, stent, defibrillator, cardiac catheter, guidewire, heart valve, event monitor, and other devices. Based on application, it is segmented into coronary heart disease, sudden cardiac arrest, stroke, cerebrovascular heart disease, and others. Based on end user, the market is segmented into hospitals, cardiac centers, and ambulatory centers. By geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
Company Profiles
- Boston Scientific Corporation.
- Medtronic.
- GE Healthcare
- Koninklijke Philips N.V
- Siemen Healthineers
- Abbott
- Johnson and Johnson Services, Inc.
- B.Braun Melsungen
- BD
- Edwards Lifesciences Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Device; Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Cardiovascular devices are the medical devices designed for monitoring, preventing, diagnosing, and treating diseases associated to cardiovascular system or heart related diseases. The various cardiovascular devices available in the market include electrocardiography (ECG), pacemaker, stent, defibrillator, cardiac catheter, guidewire, heart valve, event monitor, and many more. These devices aid in regular heart functioning in patients with heart abnormalities.
The event monitor segment held the largest revenue share in 2021.
The cardiovascular devices market majorly consists of the players such as Medtronic
Boston Scientific Corporation; Abbott; Biosense Webster, INC.; General Electric Company; Koninklijke Philips N.V.; Siemens Healthineers AG; BD; B. Braun Melsungen AG; Edwards Lifesciences Corporation among others.
As per application, the stroke segment is accounted to grow at the fastest CAGR in the market during the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Cardiovascular Devices Market – By Device
1.3.2 Cardiovascular Devices Market – By Application
1.3.3 Cardiovascular Devices Market – By End User
1.3.4 Cardiovascular Devices Market – By Geography
2. Global Cardiovascular Devices Market – Key Takeaways
2.1 Overview
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Cardiovascular Devices Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South & Central America PEST Analysis
4.3 Experts Opinion
5. Cardiovascular Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Cardiovascular Diseases
5.1.2 Rising Number of Product Launches and Approvals
5.2 Key Market Restraints
5.2.1 High Cost of Products and Procedures
5.3 Key Market Opportunities
5.3.1 Untapped Potential of Emerging Economies
5.4 Future Trends
5.4.1 Continuous Technological Advancements
5.5 Impact Analysis
6. Cardiovascular Devices Market– Global Analysis
6.1 Cardiovascular Devices Market Revenue Forecast and Analysis
6.1.1 Cardiovascular Devices Market Revenue Forecast and Analysis
6.1.2 Global Cardiovascular Devices Market Revenue Forecast and Analysis
6.1.3 Global Cardiovascular Devices Market – Market Potential Analysis, By Region
6.2 Company Analysis
6.2.1 Positioning of Key Players
6.2.2 Comparative Company Analysis
6.2.3 Growth Strategy Analysis
6.2.4 Performance of Key Players
6.2.4.1 Medtronic
6.2.4.2 Abbott
7. Cardiovascular Devices Market Analysis – By Device
7.1 Overview
7.2 Cardiovascular Devices Market Revenue Share, by Device (2021 & 2028)
7.3 Electrocardiography (ECG) Market
7.3.1 Overview
7.3.2 Electrocardiography (ECG) Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Pacemaker Market
7.4.1 Overview
7.4.2 Pacemaker Market Revenue and Forecast to 2028 (US$ Mn)
7.5 Stent Market
7.5.1 Overview
7.5.2 Stent Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Defibrillator Market
7.6.1 Overview
7.6.2 Defibrillator Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Cardiac Catheter Market
7.7.1 Overview
7.7.2 Cardiac Catheter Market Revenue and Forecast to 2028 (US$ Mn)
7.8 Guidewire Market
7.8.1 Overview
7.8.2 Guidewire Market Revenue and Forecast to 2028 (US$ Mn)
7.9 Heart Valve Market
7.9.1 Overview
7.9.2 Heart Valve Market Revenue and Forecast to 2028 (US$ Mn)
7.10 Event Monitor Market
7.10.1 Overview
7.10.2 Event Monitor Market Revenue and Forecast to 2028 (US$ Mn)
7.11 Other Devices Market
7.11.1 Overview
7.11.2 Other Devices Market Revenue and Forecast to 2028 (US$ Mn)
8. Cardiovascular Devices Market-Analysis and Forecasts To 2028 – Application
8.1 Overview
8.2 Global Cardiovascular Devices Market Share By Application 2021 & 2028 (%)
8.3 Coronary Heart Disease Market
8.3.1 Overview
8.3.2 Coronary Heart Disease Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Sudden Cardiac Arrest market
8.4.1 Overview
8.4.2 Sudden Cardiac Arrest Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Stroke Market
8.5.1 Overview
8.5.2 Stroke Market Revenue and Forecast to 2028 (US$ Mn)
8.6 Cerebrovascular Heart Disease Market
8.6.1 Overview
8.6.2 Cerebrovascular Heart Disease Market Revenue and Forecast to 2028 (US$ Mn)
8.7 Others Market
8.7.1 Overview
8.7.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
9. Cardiovascular Devices Market-Analysis and Forecasts To 2028 – End User
9.1 Overview
9.2 Global Cardiovascular Devices Market Share by End User 2021 & 2028 (%)
9.3 Hospitals Market
9.3.1 Overview
9.3.2 Hospitals Market Revenue and Forecast to 2028 (US$ Mn)
9.4 Ambulatory Surgery Centers market
9.4.1 Overview
9.4.2 Ambulatory Surgery Centers Market Revenue and Forecast to 2028 (US$ Mn)
9.5 Cardiac Centers Market
9.5.1 Overview
9.5.2 Cardiac Centres Market Revenue and Forecast to 2028 (US$ Mn)
10. Global Cardiovascular Devices Market – Geographic Analysis
10.1 North America: Cardiovascular Devices Market
10.1.1 Overview
10.1.2 North America: Cardiovascular Devices Market Revenue and Forecasts to 2028 (US$ Million)
10.1.3 North America: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.1.4 North America: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.1.5 North America: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.1.6 North America: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
10.1.6.1 US: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.1.1 Overview
10.1.6.1.2 US: Cardiovascular Devices Market Revenue and Forecasts to 2028 (US$ Million)
10.1.6.1.3 US: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.1.6.1.4 US: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.1.6.1.5 US: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.1.6.2 Canada: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.2.1 Overview
10.1.6.2.2 Canada: Cardiovascular Devices Market Revenue and Forecasts to 2028 (US$ Million)
10.1.6.2.3 Canada: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.1.6.2.4 Canada: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.1.6.2.5 Canada: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.1.6.3 Mexico: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.1.6.3.1 Overview
10.1.6.3.2 Mexico Cardiovascular Devices Market Revenue and Forecasts to 2028 (US$ Million)
10.1.6.3.3 Mexico: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.1.6.3.4 Mexico: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.1.6.3.5 Mexico: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.2 Europe: Cardiovascular Devices Market
10.2.1 Europe: Cardiovascular Devices Market - Revenue and Forecast to 2028 (USD Million)
10.2.2 Europe: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.2.3 Europe: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.2.4 Europe: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.2.5 Europe: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
10.2.5.1 Germany: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.1.1 Overview
10.2.5.1.2 Germany: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.1.3 Germany: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.2.5.1.4 Germany: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.2.5.1.5 Germany: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.2.5.2 France: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.2.1 Overview
10.2.5.2.2 France: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.2.3 France: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.2.5.2.4 France: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.2.5.2.5 France: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.2.5.3 UK: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.3.1 Overview
10.2.5.3.2 UK: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.3.3 UK: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.2.5.3.4 UK: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.2.5.3.5 UK: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.2.5.4 Italy: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.4.1 Overview
10.2.5.4.2 Italy: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.4.3 Italy: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.2.5.4.4 Italy: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.2.5.4.5 Italy: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.2.5.5 Spain: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.5.1 Overview
10.2.5.5.2 Spain: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.5.3 Spain: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.2.5.5.4 Spain: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.2.5.5.5 Spain: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.2.5.6 Rest of Europe: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.6.1 Overview
10.2.5.6.2 Rest of Europe: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.2.5.6.3 Rest of Europe: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.2.5.6.4 Rest of Europe: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.2.5.6.5 Rest of Europe: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.3 Asia Pacific: Cardiovascular Devices Market
10.3.1 Overview
10.3.2 Asia Pacific: Cardiovascular Devices Market - Revenue and Forecast to 2028 (USD Million)
10.3.3 Asia Pacific: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.3.4 Asia Pacific: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.3.5 Asia Pacific: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.3.6 Asia Pacific: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
10.3.6.1 China: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.1.1 Overview
10.3.6.1.2 China: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.1.3 China: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.3.6.1.4 China: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.3.6.1.5 China: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.3.6.2 Japan: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.2.1 Overview
10.3.6.2.2 Japan: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.2.3 Japan: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.3.6.2.4 Japan: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.3.6.2.5 Japan: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.3.6.3 India: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.3.1 Overview
10.3.6.3.2 India: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.3.3 India: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.3.6.3.4 India: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.3.6.3.5 India: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.3.6.4 Australia: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.4.1 Overview
10.3.6.4.2 Australia: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.4.3 Australia: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.3.6.4.4 Australia: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.3.6.4.5 Australia: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.3.6.5 South Korea: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.5.1 Overview
10.3.6.5.2 South Korea: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.5.3 South Korea: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.3.6.5.4 South Korea: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.3.6.5.5 South Korea: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.3.6.6 Rest of Asia Pacific: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.6.1 Overview
10.3.6.6.2 Rest of Asia Pacific: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.3.6.6.3 Rest of Asia Pacific: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.3.6.6.4 Rest of Asia Pacific: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.3.6.6.5 Rest of Asia Pacific: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.4 Middle East & Africa: Cardiovascular Devices Market
10.4.1 Overview
10.4.2 Middle East & Africa: Cardiovascular Devices Market - Revenue and Forecast to 2028 (US$ Million)
10.4.3 Middle East & Africa: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.4.4 Middle East & Africa: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.4.5 Middle East & Africa: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.4.6 Middle East & Africa: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
10.4.6.1 Saudi Arabia: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.1.1 Overview
10.4.6.1.2 Saudi Arabia: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.1.3 Saudi Arabia: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.4.6.1.4 Saudi Arabia: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.4.6.1.5 Saudi Arabia: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.4.6.2 UAE: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.2.1 Overview
10.4.6.2.2 UAE: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.2.3 UAE: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.4.6.2.4 UAE: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.4.6.2.5 UAE: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.4.6.3 South Africa: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.3.1 Overview
10.4.6.3.2 South Africa: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.3.3 South Africa: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.4.6.3.4 South Africa: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.4.6.3.5 South Africa: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.4.6.4 Rest of Middle East & Africa: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.4.1 Overview
10.4.6.4.2 Rest of Middle East & Africa: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
10.4.6.4.3 Middle East & Africa: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.4.6.4.4 Middle East & Africa: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.4.6.4.5 Middle East & Africa: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.5 South & Central America: Cardiovascular Devices Market
10.5.1 Overview
10.5.2 South & Central America: Cardiovascular Devices Market - Revenue and Forecast to 2028 (US$ Million)
10.5.3 South & Central America: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.5.4 South & Central America: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.5.5 South & Central America: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.5.6 South & Central America: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
10.5.6.1 Brazil: Cardiovascular Devices Market- Revenue and Forecasts To 2028 (US$ Million)
10.5.6.1.1 Overview
10.5.6.1.2 Brazil: Cardiovascular Devices Market- Revenue and Forecasts To 2028 (US$ Million)
10.5.6.1.3 Brazil: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.5.6.1.4 Brazil: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.5.6.1.5 Brazil: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.5.6.2 Argentina: Cardiovascular Devices Market- Revenue and Forecasts To 2028 (US$ Million)
10.5.6.2.1 Overview
10.5.6.2.2 Argentina: Cardiovascular Devices Market- Revenue and Forecasts To 2028 (US$ Million)
10.5.6.2.3 Argentina: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.5.6.2.4 Argentina: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.5.6.2.5 Argentina: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
10.5.6.3 Rest of South & Central America: Cardiovascular Devices Market - Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.1 Overview
10.5.6.3.2 Rest of South & Central America: Cardiovascular Devices Market - Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.3 Rest of South & Central America: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
10.5.6.3.4 Rest of South & Central America: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
10.5.6.3.5 Rest of South & Central America: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
11. Impact of COVID-19 Pandemic on Global Cardiovascular Devices Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.5 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Cardiovascular Devices Market –Industry Landscape
12.1 Overview
12.2 Growth Strategies in the Cardiovascular Devices Market, 2021-2028
12.3 Inorganic Growth Strategies
12.3.1 Overview
12.4 Organic Growth Strategies
12.4.1 Overview
13. Company Profiles
13.1 Medtronic
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Boston Scientific Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Abbott
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Johnson and Johnson Services, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 General Electric Company
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Koninklijke Philips N.V.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Siemens Healthineers AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 BD
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 B. Braun Melsungen AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Edwards Lifesciences Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Recent Launches/Approvals of Cardiovascular Devices
Table 2. North America: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 3. North America: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 4. North America: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 5. US: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 6. US: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 7. US: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 8. Canada: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 9. Canada: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 10. Canada: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 11. Mexico: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 12. Mexico: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 13. Mexico: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 14. Europe: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 15. Europe: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 16. Europe: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 17. Germany: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 18. Germany: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 19. Germany: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 20. France: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 21. France: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 22. France: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 23. UK: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 24. UK: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 25. UK: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 26. Italy: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 27. Italy: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 28. Italy: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 29. Spain: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 30. Spain: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 31. Spain: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 32. Rest of Europe: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 33. Rest of Europe: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 34. Rest of Europe: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 35. Asia Pacific: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 36. Asia Pacific: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 37. Asia Pacific: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 38. China: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 39. China: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 40. China: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 41. Japan: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 42. Japan: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 43. Japan: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 44. India: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 45. India: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 46. India: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 47. Australia: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 48. Australia: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 49. Australia: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 50. South Korea: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 51. South Korea: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 52. South Korea: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 53. Rest of Asia Pacific: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 54. Rest of Asia Pacific: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 55. Rest of Asia Pacific: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 56. Middle East & Africa: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 57. Middle East & Africa: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 58. Middle East & Africa: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 59. Saudi Arabia: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 60. Saudi Arabia: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 61. Saudi Arabia: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 62. UAE: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 63. UAE: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 64. UAE: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 65. South Africa: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 66. South Africa: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 67. South Africa: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 68. Middle East & Africa: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 69. Middle East & Africa: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million).
Table 70. Middle East & Africa: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 71. South & Central America: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 72. South & Central America: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 73. South & Central America: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 74. Brazil: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 75. Brazil: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 76. Brazil: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 77. Argentina: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 78. Argentina: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 79. Argentina: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 80. Rest of South & Central America: Cardiovascular Devices Market, by Device, 2019–2028 (USD Million)
Table 81. Rest of South & Central America: Cardiovascular Devices Market, by Application, 2019–2028 (USD Million)
Table 82. Rest of South & Central America: Cardiovascular Devices Market, by End User, 2019–2028 (USD Million)
Table 83. Recent Inorganic Growth Strategies in the Cardiovascular Devices Market
Table 84. Recent Organic Growth Strategies in the Cardiovascular Devices Market
Table 85. Glossary of Terms, Cardiovascular Devices Market
LIST OF FIGURES
Figure 1. Cardiovascular Devices Market Segmentation
Figure 2. Cardiovascular Devices Market, By Region
Figure 3. Cardiovascular Devices Market Overview
Figure 4. Asia Pacific is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Event Monitor Segment Held Largest Share of Device Segment in Cardiovascular Devices Market
Figure 6. Cardiovascular Devices Market, by Geography (US$ Million)
Figure 7. Cardiovascular Devices Market- Leading Country Markets (US$ Million)
Figure 8. Cardiovascular Devices Market, Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. Middle East & Africa: PEST Analysis
Figure 13. South & Central America: PEST Analysis
Figure 14. Experts Opinion
Figure 15. Cardiovascular Devices Market: Impact Analysis of Drivers and Restraints
Figure 16. Cardiovascular Devices Market– Revenue Forecast and Analysis – 2020- 2028
Figure 17. Global Cardiovascular Devices Market– Revenue Forecast and Analysis – 2021 - 2028
Figure 18. Global Cardiovascular Devices Market – Market Potential Analysis, By Region
Figure 19. Positioning of Key Players
Figure 20. Global Cardiovascular Device Market – Comparative Company Analysis
Figure 21. Global Cardiovascular Device Market – Growth Strategy Analysis
Figure 22. Cardiovascular Devices Market Revenue Share, by Device (2021 & 2028)
Figure 23. Electrocardiography (ECG) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Pacemaker Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Stent Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Defibrillator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Cardiac Catheter Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Guidewire Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Heart Valve Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. Event Monitor Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 31. Other Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. Global Cardiovascular Device Market Share By Application 2021 & 2028 (%)
Figure 33. Coronary Heart Disease Market Revenue And Forecasts To 2028 (US$ Mn)
Figure 34. Sudden Cardiac Arrest Market Revenue And Forecasts To 2028 (US$ Mn)
Figure 35. Stroke Market Revenue And Forecasts To 2028 (US$ Mn)
Figure 36. Cerebrovascular Heart Disease Market Revenue And Forecasts To 2028 (US$ Mn)
Figure 37. Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 38. Global Cardiovascular Device Market Share By End User 2021 & 2028 (%)
Figure 39. Hospitals Market Revenue And Forecasts To 2028 (US$ Mn)
Figure 40. Ambulatory Surgery Centers Market Revenue And Forecasts To 2028 (US$ Mn)
Figure 41. Cardiac Centres Market Revenue And Forecasts To 2028 (US$ Mn)
Figure 42. North America: Cardiovascular Devices Market Revenue Overview, by Key Country – Revenue (2021) (USD Million)
Figure 43. North America: Cardiovascular Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 44. North America: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
Figure 45. US: Cardiovascular Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 46. Canada: Cardiovascular Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 47. Mexico: Cardiovascular Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 48. Europe: Cardiovascular Devices Market Revenue Overview, by Key Country – Revenue (2021) (USD Million)
Figure 49. Europe Cardiovascular Devices Market Revenue and Forecasts to 2028 (USD Million)
Figure 50. Europe: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
Figure 51. Germany: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 52. France: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 53. UK: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 54. Italy: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 55. Spain: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 56. Rest of Europe: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 57. Asia Pacific: Cardiovascular Devices Market, by Key Country – Revenue (2021) (USD Million)
Figure 58. Asia Pacific: Cardiovascular Devices Market Revenue and Forecast to 2028 (USD Million)
Figure 59. Asia Pacific: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
Figure 60. China: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 61. Japan: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 62. India: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 63. Australia: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 64. South Korea: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 65. Rest of Asia Pacific: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 66. Middle East & Africa: Cardiovascular Devices Market, by Key Country – Revenue (2021) (USD Million)
Figure 67. Middle East & Africa Cardiovascular Devices Market Revenue and Forecast to 2028 (USD Million)
Figure 68. Middle East & Africa: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
Figure 69. Saudi Arabia: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 70. UAE: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 71. South Africa: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 72. Rest of Middle East & Africa: Cardiovascular Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 73. South & Central America: Cardiovascular Devices Market, Revenue Overview, by Country, 2021 (US$ Million)
Figure 74. South & Central America: Cardiovascular Devices Market- Revenue and Forecasts To 2028 (US$ Million)
Figure 75. South & Central America: Cardiovascular Devices Market, by Country, 2021 & 2028 (%)
Figure 76. Brazil: Cardiovascular Devices Market- Revenue and Forecasts To 2028 (US$ Million)
Figure 77. Argentina: Cardiovascular Devices Market- Revenue and Forecasts To 2028 (US$ Million)
Figure 78. Rest of South & Central America: Cardiovascular Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 79. Impact Of COVID-19 Pandemic in North American Country Markets
Figure 80. Impact Of COVID-19 Pandemic in Europe Country Markets
Figure 81. Impact Of COVID-19 Pandemic in Asia-Pacific Country Markets
Figure 82. Impact Of COVID-19 Pandemic in Middle East & Africa Country Markets
Figure 83. Impact Of COVID-19 Pandemic in South & Central America Country Markets
Figure 84. Growth Strategies in the Cardiovascular Devices Market, 2021-2028
The List of Companies - Cardiovascular Devices Market
- Medtronic
- Boston Scientific Corporation
- Abbott
- Biosense Webster, INC.
- General Electric Company
- Koninklijke Philips N.V.
- Siemens Healthineers AG
- BD
- B. Braun Melsungen AG
- Edwards Lifesciences Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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