Press Release

India Cardiovascular Devices Market To Establish Growth With Impressive CAGR Until FY2027

India Cardiovascular Devices Market is expected to show robust growth due to increasing cases of heart attacks & strokes in the forecast period, FY2017-FY2027.

According to TechSci report on, “India Cardiovascular Devices Market, By Region, Competition Forecast & Opportunities, FY2017 - FY2027”India cardiovascular devices market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India cardiovascular devices market owes its growth to the factors like rapidly increasing geriatric population of the country. Geriatric population is more susceptible to cardiovascular diseases like coronary heart disease, congenital heart disease, deep vein thrombosis, etc. and with weak immune system their capability to recover also diminishes thereby creating surge in the demands for monitoring cardiovascular devices and driving the growth of the India cardiovascular devices market in the upcoming five years. Increasing instances of lifestyle diseases among the population leading sedentary lifestyle is further supporting the growth of the India cardiovascular devices market in the next five years. Rapidly increasing number of surgeries and demand for effective treatment is further substantiating the growth of the India cardiovascular devices market in the future five years. Increasing instances of diabetes and obesity are also responsible for the increasing cases of cardiac arrest and thus substantiate the growth of the India cardiovascular devices market in the future five years. Increasing demand for the early diagnosis and effective treatment is also supporting the growth of the India cardiovascular devices market in the forecast years, until FY2027. Moreover, factors like consistent research and technological advancement in the innovative product development of cardiovascular devices for monitoring and regulating the conditions of the patients are further anticipated to support further growth of India cardiovascular devices market in the forecast period.


Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "India Cardiovascular Devices Market"

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The India cardiovascular devices market segmentation is based on type, application, end user, competitional landscape, and regional distribution. Based on type, the market is further fragmented into diagnostic & monitoring devices and surgical devices. Diagnostic & monitoring devices are expected to dominate the market and hold the largest revenue shares of the market in the upcoming five years on the account of increasing demand for the early & effective diagnosis of the cardiovascular diseases. The severity of the cardiovascular disease also creates the increase in demand for monitoring devices from the patients suffering from heart disease, diabetes, high-blood pressure conditions, to keep regular checks on the conditions and consult experts in case of any changes thus supporting the growth of the India cardiovascular devices market in the next five years. Surgical devices are also expected to register significant growth in the future five years on the account of increasing cardiovascular surgeries. Also, demand for the minimally invasive or non-invasive surgical devices are further supporting the growth of the sub-segment along with the growth of the India cardiovascular devices market in the forecast years.

Based on application, the market is segmented into coronary artery disease, cardiac arrhythmia, heart failure, and others. Coronary artery disease is a severe heart disease in which arteries experience blockage and thus the blood doesn’t reach the heart muscles causing heart attack. The disease is a leading cause of death claiming approximately 18% of the deaths every year. Thus, demand for the diagnosing, monitoring, and surgical devices for the treatment and monitoring the conditions of the patient is driving the increased application of cardiovascular devices for coronary artery diseases. The sub-segment is thus anticipated to hold largest revenue shares of the market and dominate the market in the upcoming five years.

A partial list of market players in the field includes:

·         TÜV SÜD South Asia Pvt. Ltd.

·         ABBOTT HEALTHCARE PVT LTD

·         Boston Scientific India Private Limited

·         India Medtronic Pvt. Ltd.

·         Wipro GE Healthcare Pvt. Ltd.

·         W. L. Gore & Associates Pacific Pvt. Ltd.

·         Siemens Healthineers India

·         Terumo India Private Limited

·         Allengers Medical Systems Limited

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“Hospitals & Clinics are rapidly growing in the country and their revenue share is anticipated to be highest in the future five years and driving the growth of the India cardiovascular devices market. Increasing instances of cardiovascular diseases and increasing demand for the efficient treatment in the hospitals and clinics with the availability of the inexpensive cardiovascular devices are further anticipated to aid to the growth of the India cardiovascular devices market in the next five years. Increasing investment from the governmental bodies and private investments toward research institutes is further expected to support market growth. New market players entering the market in the future may invest in extended research and innovative product development for their brand establishment. Partnerships and conjugation with the global giants dominating the market may support future market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


India Cardiovascular Devices Market By Type (Diagnostic & Monitoring Devices v/s Surgical Devices), By Application (Coronary Artery Disease, Cardiac Arrhythmia, Heart Failure, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027 has evaluated the future growth potential of India cardiovascular devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India cardiovascular devices market.


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