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DUBLIN--(BUSINESS WIRE)--Oct 26, 2022--
The "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, By Source, By Region, Competition Forecast & Opportunities, FY2027" report has been added to ResearchAndMarkets.com's offering.
The Indian Cardiovascular Devices Market value stood at USD1413.15 million in the year FY2021 and it is anticipated to grow further with a CAGR of 7.87% during the forecast period, 2023-2027, that may achieve the market value of USD2151.57 million by 2027F.
Increasing instances of cardiovascular diseases and growing mortality rate due to cardiovascular diseases & disorder is anticipated to drive the growth of the Indian Cardiovascular Devices Market in the upcoming five years.
Surging demands for the early diagnosis and effective treatments for the heart attacks, strokes, etc. is also anticipated to support the growth of the Indian Cardiovascular Devices Market in the next five years. Increasing instances of lifestyle diseases due to increasing cases of obesity, blood pressure, diabetes, etc. further aid the growth of the Indian Cardiovascular Devices Market in the future five years.
Rapidly expanding healthcare industry in the country due to consistent research, innovative medical device development along with the increasing investments in the healthcare sector and research institutes are also aiding the growth of the Indian Cardiovascular Devices Market in the forecast years through 2027.
Additionally, increasing imports of the medical devices from the multinational companies supplying cardiovascular devices in the country further substantiate the growth of the Indian Cardiovascular Devices Market in the forecast period.
Diagnostic & monitoring devices are anticipated to hold the largest revenue shares of the market in the upcoming five years on the grounds of increasing demand for the early diagnosis of the cardiovascular diseases. Heart attacks and strokes instances are rapidly increasing in the country.
Moreover, growing demand from the population for early diagnosis and regular monitoring devices that help keeping check over the health conditions of chronic patients are further anticipated to aid the growth of the market. Surgical devices are expected to follow the growth of the dominating segment.
This significant growth of the surgical devices can be attributed to increasing number of the heart transplants, and surgical approaches for the treatment of heart conditions.
Objective of the Study:
Competitive Landscape
New market players are actively entering the market in the recent years and further strengthening the growth of the future market growth.
Company Profiles: Detailed analysis of the major companies present in the Indian Cardiovascular Devices Market.
Report Scope:
Years considered for this report:
India Cardiovascular Devices Market, By Type:
India Cardiovascular Devices Market, By Application:
India Cardiovascular Devices Market, By End-User:
India Cardiovascular Devices Market, By Source:
India Cardiovascular Devices Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/bgkgia
View source version on businesswire.com:https://www.businesswire.com/news/home/20221026005656/en/
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KEYWORD: INDIA ASIA PACIFIC
INDUSTRY KEYWORD: HEALTH SURGERY CARDIOLOGY MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/26/2022 09:56 AM/DISC: 10/26/2022 09:57 AM
http://www.businesswire.com/news/home/20221026005656/en