The cardiovascular devices industry includes arrhythmia detectors, noninvasive blood pressure measurement systems, diagnostic intravascular catheters, external cardiac compressors, coronary vascular physiologic simulation software devices, external programmable pacemaker pulse generators, cardiac monitors, cardiopulmonary bypass defoamers, echocardiographs, vascular graft prostheses, electrocardiographs, defibrillators and others.
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The market is valued at nearly $56 billion in 2017.
The cardiovascular devices market in The Business Research Company’s report is segmented into eight segments. The first two segments namely, cardiovascular surgery devices and cardiac rhythm management (CRM) devices account for more than half of the market share, the remaining share is attributed to the other six segments, namely, interventional cardiology devices, defibrillator devices, peripheral vascular devices, prosthetic heart valve devices, electrophysiology devices, defibrillator devices, and cardiac assist devices segments.
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The USA was the largest country in the cardiovascular devices market in 2017, accounting for more than one-fifth of the market share. The USA was followed by China and Japan as the next largest countries in the market.
Medtronic plc was the largest competitor in the cardiovascular devices market, followed by Abbott Laboratories and Boston Scientific Corporation. Medtronic was founded in 1949 and is headquartered in Dublin, Ireland. It is a medical technology, services and solutions company and serves hospitals, physicians, clinicians and patients in approximately 160 countries worldwide.
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