United States Cardiovascular Devices Market, Impact of COVID-19, Company Analysis and Forecast 2021-2027
In the United States, cardiovascular diseases or CVDs have long been considered among the prime pain points of the medical industry, with diseases like stroke or IHD (ischemic heart disease) contributing heavily to mortality and disability. Cardiovascular devices are utilised for the diagnosis of heart diseases and treatment of related health problems. Technologies applied in the development of cardiology devices have changed significantly over the past decade, and indications for these devices have expanded. According to Renub research report, United States Cardiovascular Devices Market will grow with a CAGR of 6.73% during 2020-2027.
United States Cardiovascular Devices Market is projected to reach US$ 39.98 Billion by 2027
The prosthetic heart valve is a device inserted in a patient suffering from valvular heart disease, which results in the malfunction of one or more valves present in the human heart. In 2021, according to the American College of Cardiology, there are 5 Million Americans diagnosed with HVD (Heart valve disease) every year. Due to ageing, HVD mainly affects the older population due to calcium buildup and scarring in the valve cusp. Therefore, the fast growth in the ageing population and the consequent rise in VHD (Valvular heart disease) are significantly driving the demand for prosthetic heart valve in the United States.
Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=united-states-cardiovascular-devices-market-p.php
Factors Driving the United States Cardiovascular Devices Industry
The significant factors driving the growth of the cardiovascular devices market in the United States are the presence of established healthcare infrastructure, rapid technological advancements, increasing burden of cardiovascular diseases, and increased adoption of minimally invasive procedures. Besides the rising demand for minimally-invasive procedures, especially for peripheral arterial disease, lifestyle changes and technological advancements have expanded the range of peripheral vascular devices in the United States.
The continuous development in the cardiovascular field and technological improvements are also expected to drive the market growth of the United States cardiovascular devices. As per our research findings, United States Cardiovascular Devices Market Size was US$ 25.34 Billion in 2020.
Impact of COVID-19 Pandemic on Cardiovascular Device Companies
In the first half of 2020, the COVID-19 pandemic has negatively hit the market of cardiovascular devices. The Coronavirus has impacted the production of cardiovascular devices sales as there was a delay of elective procedures. Only those cardiovascular procedures were considered, which were urgent; others have been postponed and delayed since the beginning of the global pandemic. Another factor negatively affected the market was the decline in the diagnosis of cardiovascular diseases as the healthcare resources were being diverted to Coronavirus patients. However, the monthly revenues of cardiovascular devices companies rebounded in H2 2020 and are back on track.
Companies Performance
For instance, in 2020, Abbott restarted its LIFE-BTK clinical trial to evaluate the safety and effectiveness of the company’s new Esprit BTK Everolimus-Eluting Resorbable Scaffold System. This is the leading investigational device exemption (IDE) trial in the United States to assess a completely bio-resorbable stent to treat blocked arteries below the knees, or critical limb ischemia (CLI), in people battling the first stages of peripheral artery disease (PAD).
Additionally, the key market players such as Abbott Laboratories, Boston Scientific Corporation, Edwards Lifesciences, Cardinal Health Inc., Medtronic PLC, and GE Healthcare in the United States are developing technologies and novel products to play with the existing products. At the same time, others are partnering and acquiring with other companies trending in the Cardiovascular Devices industry.
Renub Research latest Report “United States Cardiovascular Devices Market By Device type (Cardiac Rhythm Management Device, Peripheral Vascular Device, Prosthetic Heart Valves, Cardiac Assist Devices, Cardiovascular Surgery Devices, External Defibrillators, Clot Management Devices, Cardiovascular Prosthetic Device, Others), End–Users (Hospitals, Cardiac Diagnostic Centres, and Ambulatory Surgical Centre), Company Analysis (Abbott Laboratories, Boston Scientific Corporation, Edwards Life sciences, Cardinal Health Inc., Medtronic PLC, and GE Healthcare)” provides complete details on United States Cardiovascular Devices Industry.
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/united-states-cardiovascular-devices-market-p.php
Device Type – United States Cardiovascular Devices Market breakup from 9 viewpoints
1. Cardiac Rhythm Management Device
2. Peripheral Vascular Device
3. Prosthetic Heart Valves
4. Cardiac Assist Devices
5. Cardiovascular Surgery Devices
6. External Defibrillators
7. Clot Management Devices
8. Cardiovascular Prosthetic Devices
9. Others
End User – United States Cardiovascular Devices Market breakup from 3 viewpoints
1. Hospitals
2. Cardiac Diagnostic Centres
3. Ambulatory Surgical Centre
All key players have been covered from 3 viewpoints
• Overview
• Recent Developments
• Financial Insights
Company Analysis
1. Abbott Laboratories
2. Boston Scientific Corporation
3. Edwards Lifesciences
4. Cardinal Health Inc.
5. Medtronic PLC
6. GE Healthcare
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.
Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
Email: [email protected]
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).