United States Cardiovascular Devices Market, Size, Share, Forecast 2024-2030: Strategic Initiatives Boost Expansion, California's Healthcare Environment Fuels Growth

Dublin, April 05, 2024 (GLOBE NEWSWIRE) -- The "United States Cardiovascular Devices Market, Size, Share, Forecast 2024-2030, Industry Trends, Growth, Insight, Top Companies Analysis" report has been added to ResearchAndMarkets.com's offering.

United States Cardiovascular Devices Market is predicted to be priced at around US$ 25.60 Billion by 2030 from US$ 16.67 Billion in 2023, and is anticipated to undergo a CAGR of 6.32% during the forecast years (2024 to 2030)

The market is significantly increasing because of the upward push in cardiovascular sicknesses. As per the American Heart Association, cardiovascular disease (CVD) remains the main reason for death in the United States, with 928,741 casualties attributed to it. As cardiovascular situations remain a significant purpose of mortality and morbidity in the US, there may be a growing need for superior scientific devices to diagnose, treat, and manage those illnesses. The increasing prevalence of risk factors, including weight problems, high blood pressure, and diabetes, fuels the market's growth. Consequently, producers are investing in innovation and developing new cardiovascular devices to satisfy growing healthcare wishes, expanding the increase in the United States cardiovascular devices market.

Technology is pivotal in employing growth in the United States cardiovascular devices market. Advancements, including minimally invasive methods, superior imaging techniques, and innovative materials, enhance the efficacy and protection of cardiovascular interventions. Further, trends in wearable technology and remote monitoring structures permit higher control of cardiac conditions in outdoor traditional medical settings. These technological improvements enhance patient results, lessen healing times, and increase the efficiency of cardiovascular tactics, thereby stimulating the demand and fueling growth in the market.

Numerous market players actively enforce strategic tasks, propelling an increase in the United States cardiovascular devices market. These initiatives involve research and improvement efforts to introduce progressive technologies, collaborations for collective know-how, and strategic partnerships to enhance market presence. By fostering non-stop improvements and increasing their product portfolios, those businesses contribute to the evolving panorama of cardiovascular care within the U.S.

California is one of the distinguished players in the United States cardiovascular devices market. This is due to its robust healthcare surroundings and revolutionary panorama. Home to renowned research institutions, clinical facilities, and enterprise leaders, California fosters conducive surroundings for developing and commercializing modern cardiovascular technology. The state's vibrant biotechnology zone and strategic collaborations among academia and enterprise contribute to ongoing improvements in cardiovascular care, solidifying California's recognition as a vital hub in the cardiovascular devices market.

In the United States cardiovascular devices market, diagnostics and monitoring devices have a significant presence

The United States cardiovascular device market is broken up by device type into Diagnostics and Monitoring Devices and Therapeutic and Surgical Devices. Diagnostic and monitoring devices are prominent in the United States cardiovascular devices market. This is because of their crucial role in sickness control and prevention.

These devices allow healthcare professionals to diagnose cardiac situations, monitor patient health, and examine treatment effectiveness. With the prevalence of cardiovascular diseases at an upward push, the demand for reliable diagnostic tools keeps developing. From electrocardiography (ECG) machines to portable heart monitors, these devices empower early detection and proactive control of cardiovascular conditions, propelling their popularity in the cardiovascular device market in the United States.

Coronary artery disease is commonly treated in the United States cardiovascular device market

By application, the United States cardiovascular device market is categorized into Coronary Artery Disease (CAD), Cardiac Arrhythmia, Heart Failure, and Others. Coronary artery disease (CAD) is one of the conventional applications in the United States cardiovascular devices market due to its significant effect on public health.

As a primary motive of heart-related morbidity and mortality, CAD necessitates a wide array of medical devices for analysis, treatment, and management. From stents and angioplasty balloons for revascularization to superior imaging technology like coronary angiography, the various devices cater to the complex desires of people living with CAD. The incidence of CAD underscores the continuing demand for revolutionary cardiovascular devices, solidifying its prominence in the market.

Utilization of diagnostic centers is among the highest in the cardiovascular devices market of the United States

By end-user, the United States cardiovascular device market is separated into Hospitals and Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Cardiac Catheterization Laboratories, and Others. Diagnostic facilities are one of the most used in the United States cardiovascular devices market. This is because of their pivotal role in cardiovascular fitness evaluation and control.

These facilities house diverse diagnostic devices, including echocardiography machines, stress tests, and cardiac catheterization labs, allowing for comprehensive assessment and accurate analysis of cardiac conditions. With early detection and specific evaluation essential in cardiovascular care, diagnostic centers are important hubs for patient assessment, propelling their full-size usage in the market.

Key Attributes:

Report AttributeDetails
No. of Pages220
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$16.67 Billion
Forecasted Market Value (USD) by 2030$25.6 Billion
Compound Annual Growth Rate6.3%
Regions CoveredUnited States

Company Analysis: Overview, Recent Developments, Revenue Analysis

  • Abbott Laboratories
  • Boston Scientific Corporation
  • Edwards Lifesciences
  • Cardinal Health Inc.
  • Medtronic PLC
  • GE Healthcare
  • Johnson & Johnson Services, Inc.
  • Siemens Healthcare GmbH.

Scope of the Report

Device type - United States Cardiovascular Devices Market breakup in 2 viewpoints:

  • Diagnostic and Monitoring Devices
  • Therapeutic and Surgical Devices

Application - United States Cardiovascular Devices Market breakup in 4 viewpoints:

  • Coronary Artery Disease (CAD)
  • Cardiac Arrhythmia
  • Heart Failure
  • Others

End-User - United States Cardiovascular Devices Market breakup in 5 viewpoints:

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Cardiac Catheterization Laboratories
  • Others

States - United States Cardiovascular Devices Market of 29 States Covered in the Report:

  • California
  • Texas
  • New York
  • Florida
  • Illinois
  • Pennsylvania
  • Ohio
  • Georgia
  • New Jersey
  • Washington
  • North Carolina
  • Massachusetts
  • Virginia
  • Michigan
  • Maryland
  • Colorado
  • Tennessee
  • Indiana
  • Arizona
  • Minnesota
  • Wisconsin
  • Missouri
  • Connecticut
  • South Carolina
  • Oregon
  • Louisiana
  • Alabama
  • Kentucky
  • Rest of the United States

For more information about this report visit https://www.researchandmarkets.com/r/javdrv

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U.S. Cardiovascular Devices Market

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