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"
https://www.techsciresearch.com/report/india-cardiovascular-devices-market/8095.html
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
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=8095
Customers can also request for
10% free customization on this report.
“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.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Web:
https://www.techsciresearch.com