UK Cardiovascular Devices Market: Analysis Report, Share, Trends and Overview 2021-2027

 

UK cardiovascular devices market is projected to grow at a significant CAGR of 5.0% during the forecast period. A significant prevalence of CVD in UK and the well-developed healthcare infrastructure are augmenting the demand for cardiovascular devices market. According to the British Heart Foundation, more than one-fourth of the fatalities in the UK occur due to CVD, and it is responsible for around 1.6 million fatalities each year. Moreover, more than 7 million people live with one or the other type of heart diseases in UK in 2018. Therefore, the Government of UK is taking several steps to raise awareness and integrate novel medical devices in its healthcare infrastructure.

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The rise in the aging population is increasing the prevalence rate of CVD including stroke and other heart diseases. According to NHS, the price to the patients for the treatment of stroke is around $3.8 billion each year and a loss of $5.1 billion due to loss of productivity, disability, and informal care. Realizing these factors, there are several organizations in UK that focuses on the research and introduction of novel CVD devices by collaborating with the established medical device providers. Therefore, a significant market for cardiovascular devices can be expected in UK during the forecast period.

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Market Coverage

·        Study Period- 2019-2026

·        Base year- 2019

·        Forecast period- 2020-2026

·        Segments Covered- By Type

·        Key Companies Profiled- Abbott Laboratories, Boston Scientific Corp., Edwards Lifesciences Corp., Medtronic PLC, Terumo Corp., Becton, Dickinson and Co., Getinge AB, VitalConnect, Inc., and Johnson & Johnson Services, Inc.

Key questions addressed by the report

·        What is the market growth rate during the forecast period?

·        Which segment/region dominates the market in base year?

·        Which segment/region will project fastest growth in the market during the forecast period?

·        How COVID-19 will impact the market growth in 2020 and coming years?

o             Recovery Timeline

o             Deviation from pre-COVID

o             Most affected region/segment

o             Recommendations

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

UK Cardiovascular Devices Market – Segmentation

By Type

·        Diagnostic and Monitoring Devices

o             MRI

o             Electrocardiogram (ECG)

o             Remote Cardiac Monitoring

o             Cardiac CT

o             Others (PET scan)

·        Surgical Devices

o             Stents

o             Catheters

o             Cardiac Assist Devices

o             Cardiac Rhythm Management Device

o             Others (Heart Valves and Grafts)

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Company Profiles

·        Abbott Laboratories

·        B. Braun Melsungen AG

·        Becton, Dickinson and Co.

·        Boston Scientific Corp.

·        Edwards Lifesciences Corp.

·        GE Healthcare (General Electric Co.)

·        Johnson & Johnson Services, Inc.

·        Koninklijke Philips N.V.

·        Medtronic PLC

·        Siemens AG

·        Smith & Nephew PLC

·        Stryker Corp.

·        Terumo Corp.

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