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 (Hospitals & Clinics, Diagnostic Centers, Others), By Source (Import v/s Domestic), By Region, Competition Forecast & Opportunities, FY2027

India cardiovascular devices market stood at USD1413.15 million in FY2021 and is anticipated to grow with a CAGR of 7.87% during the forecast period, on account of the growing prevalence of cardiovascular diseases and associated deaths in India. According to Global Burden of Disease around 24.8% of all deaths in India is due to cardiovascular diseases.

Increasing Prevalence of Diabetes Drive Market Growth

Diabetes is one such condition which further leads to cardiovascular diseases or increase in incidence rate of cardiovascular diseases. The growing prevalence of diabetes is expected to support the growth of India Cardiovascular Devices Market. Approximately, over 72 million active cases of diabetes in the Indian population recorded in the years 2020.

Increasing Number of Smokers

The growing number people having a tobacco smoking habit both male and female is expected to support the growth of India Cardiovascular Devices Market. Tobacco consumption is one of the largest modifiable and reversible risk factors attributable to cardiovascular diseases. It has been witnessed that changing lifestyle patterns, growing influence of social media, among others has significantly contributed to an increase in the numbers of young smokers, thereby increasing the number of individuals with cardiovascular diseases in India.

Growing Prevalence of Obesity

The unhealthy eating habits among the individuals in the country especially the youth has significantly increased the prevalence of obesity within the country. Obesity increases the risk of diabetes, hypertension, cardiovascular diseases, and associated morbidities. This in turn is expected to support the growth of India Cardiovascular Devices Market through 2027.

Genetic Factors

Several cardiovascular diseases have genetic association also. For instance, coronary artery diseases are caused due to the presence of specific ‘candidate genes’ which are associated with pathways leading to coronary heart disease. Hence, increasing prevalence of cardiovascular diseases caused due to genetic factors is expected to support the growth of India cardiovascular devices market growth through 2027.

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Market Segmentation

The India cardiovascular devices market segmentation is based on type, application, end user, competitional landscape, and regional distribution. Based on type, the market is further fragmented into diagnostic & monitoring devices and surgical devices. Based on application, the market is segmented into coronary artery disease, cardiac arrhythmia, heart failure, and others. The market segmentation based on end user is bifurcated into hospitals & clinics, diagnostic centers, and others. Based on source, the market is also differentiated between domestic and import. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North India region, South India region, East India region, and West India region.

Company Profile

India Medtronic Pvt Ltd, Siemens Healthineers India, Wipro GE Healthcare Pvt. Ltd., Boston Scientific India Private Limited, Philips Healthcare India, B. Braun Medical (India) Pvt. Ltd., Abbott India Ltd., Terumo India Private Limited, BIOTRONIK Medical Devices India Private Ltd., BPL Medical Technologies Private Limited, among others, are some of the major market players in the country that lead the market growth analysis. New market players are also actively entering the market in the recent years and further strengthening the growth of the future market growth.

Report Scope:

In this report, India Cardiovascular Devices market is segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Cardiovascular Devices Market, By Type:
• Diagnostic & Monitoring Devices
• ECG
• Echocardiogram
• Cardiac Monitor
• Holter Monitor
• Others
• Surgical Devices
• Stent
• Pacemaker
• Valve
• Defibrillator
• Others
• India Cardiovascular Devices Market, By Application:

o   Coronary Artery Disease

o   Cardiac Arrhythmia

o   Heart Failure

o   Others

• India Cardiovascular Devices Market, By End User:
• Hospitals & Clinics
• Diagnostic Centers
• Others
• India Cardiovascular Devices Market, By Source:
• Import
• Domestic
• India Cardiovascular Devices Market, By Region:
• South
• West
• North
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India cardiovascular devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information