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(Medical-NewsWire.com, December 17, 2018 ) 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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Source: EmailWire.Com 
Source: EmailWire.com
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