CARDIOVASCULAR DEVICES MARKET ANALYSIS

Regional Analysis

Global Cardiovascular Devices Market: Regional Insights

Based on geography, the global cardiovascular devices market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period due to the increasing burden of cardiovascular diseases (CVDs), rising geriatric population, and increase in preference for minimally invasive procedures in the region. For instance, according to the U.S. Centers for Disease Control and Prevention (CDC), heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the United States. One person dies every 34 seconds in the U.S. from cardiovascular disease. Thus, with the rise in burden of cardiovascular diseases, the demand for cardiovascular diagnostics and treatment devices is also increasing with the rapid pace in the United States.

Europe and Asia Pacific are also expected to witness lucrative growth in the global cardiovascular devices market due to the high prevalence of cardiovascular diseases, growing geriatric population, and increase in demand for cardiovascular devices in these regions. For instance, according to the European Federation of Pharmaceutical Industries and Associations, around 60 million people are living with CVD in the European Union, and 13 million new cases of CVD are diagnosed in the region every year. Even in the absence of a global pandemic, CVDs are the leading cause of death in the EU, killing 5,000 people every day. This in turn is expected to increase or has increased the demand for cardiovascular devices in this region.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa