The Germany cardiovascular devices market size is expected to expand at a high CAGR of more than 5.6% during the forecast period, 2021–2028. Growth of the market is attributed to technological advancement and the increasing cardiovascular diseases and popularity of minimally invasive surgery.

Cardiovascular disease is a disease that affects the structure and function of organs related to heart and its prevalence is increasing dramatically. With regard to cardiovascular diseases such as peripheral arterial occlusive disease coronary artery disease, congenital heart disease, and lung disease the focus has shifted to preventive health care. Cardiovascular diseases are diagnosed with the help of cardiovascular devices which are used to control, prevent, diagnose, and treat cardiovascular or heart diseases.

Market Trends, Drivers, Restraints, and Opportunities
• Rising incidence of cardiovascular diseases is expected to boost the market during the forecast period.
• Rapid growth of the healthcare industry due to increase in geriatric population with cardiac abnormalities is major factor fueling the market.
• Growing technological advancements and adoption of minimally invasive surgery is anticipated to drive the market during forecast period.
• High cost of cardiovascular devices such as pacemakers is expected to restrict the market growth.
• Stringent government regulations for product approval and lack of reimbursement policies act as major factor that can hamper the market growth during the forecast period.
• R&D investment and technological advancement in cardiovascular devices for minimally invasive surgery techniques and improvisation of healthcare infrastructure is projected to offer significant opportunities for the market players.

Market Segment Insights

The electrocardiogram segment is projected to account for a major market share
Based on types of devices, the cardiovascular devices market is bifurcated into diagnostic & monitoring devices and therapeutics & surgical devices. The diagnostics and monitoring segment is further sub-segmented into electrocardiogram (ECG), remote cardiac monitoring, and others. The therapeutics and surgical device segment is further sub-segmented into cardiac assist devices, cardiac rhythm management devices, catheter, grafts, stents, heart valves, and others. The electrocardiogram segment is expected to represent a key share of the market during the forecast period. This is a common painless test used to detect heart problems and monitor your health.

The hospital segment is anticipated to expand at a rapid CAGR
Based on end-users, the cardiovascular devices market is fragmented into hospitals, ambulatory surgery centers, clinics, and others. The hospital segment is expected to represent a key share of the market during the forecast period. The hospital segment is expected to represent a key share of the market during the forecast period. Factors such as rising incidence of CVD, increasing number of patient visits to hospitals for diagnosis, rising number of cardiac implant operations, and availability of payment for these treatments drives the market.

Compititive Landscape
Key players competing in the cardiovascular devices market include Boston Scientific Corporation, Edwards Lifesciences, Abbott Laboratories, Medtronic PLC, and Cardinal Health Inc.

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