The global cardiovascular devices market, one of the segments
of healthcare services industry. During the historic period cardiovascular
devices market grew at a compound annual growth rate (CAGR) of around 5%. This was
mainly due to the increased healthcare market and economic growth.
For the forecasted period, the global cardiovascular devices
market size is expected to be over $60 billion by 2021, growing at a CAGR of
nearly 2.5%. The growth rate for forecasted period is lower when compared to
the historic period. This is mainly attributed to increasing awareness of
cardiac diseases and decreased cardiac cases.
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Medtronic was the largest company in the cardiovascular
devices market in 2017, with a 20% share of the market. It is a medical
technology, services and solutions company and serves hospitals, physicians,
clinicians and patients in approximately 160 countries worldwide. Abbott
Laboratories was the second largest company in the cardiovascular devices
market in 2017, with an 14% share of the market. Abbott Laboratories is a USA
based company is involved in the development, manufacture and sale of
healthcare products and operates in more than 150 countries
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