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, By Source, By Region, Competition Forecast & Opportunities, FY2027

The Indian Cardiovascular Devices Market value stood at USD1413.15 million in the year FY2021 and it is anticipated to grow further with a CAGR of 7.87% during the forecast period, 2023-2027, that may achieve the market value of USD2151.57 million by 2027F. Increasing instances of cardiovascular diseases and growing mortality rate due to cardiovascular diseases & disorder is anticipated to drive the growth of the Indian Cardiovascular Devices Market in the upcoming five years. Surging demands for the early diagnosis and effective treatments for the heart attacks, strokes, etc. is also anticipated to support the growth of the Indian Cardiovascular Devices Market in the next five years. Increasing instances of lifestyle diseases due to increasing cases of obesity, blood pressure, diabetes, etc. further aid the growth of the Indian Cardiovascular Devices Market in the future five years.



Rapidly expanding healthcare industry in the country due to consistent research, innovative medical device development along with the increasing investments in the healthcare sector and research institutes are also aiding the growth of the Indian Cardiovascular Devices Market in the forecast years through 2027. Additionally, increasing imports of the medical devices from the multinational companies supplying cardiovascular devices in the country further substantiate the growth of the Indian Cardiovascular Devices Market in the forecast period.

The Indian 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. Diagnostic & monitoring devices are anticipated to hold the largest revenue shares of the market in the upcoming five years on the grounds of increasing demand for the early diagnosis of the cardiovascular diseases. Heart attacks and strokes instances are rapidly increasing in the country. Moreover, growing demand from the population for early diagnosis and regular monitoring devices that help keeping check over the health conditions of chronic patients are further anticipated to aid the growth of the market. Surgical devices are expected to follow the growth of the dominating segment. This significant growth of the surgical devices can be attributed to increasing number of the heart transplants, and surgical approaches for the treatment of heart conditions.

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.

Years considered for this report:

• Historical Years: FY2017- FY2020
• Base Year: FY2021
• Estimated Year: FY2022
• Forecast Period: FY2023 – FY2027

Objective of the Study:

• To analyze the market size of the Indian Cardiovascular Devices Market from FY2017 to FY2020.
• To estimate and forecast the market size of the Indian Cardiovascular Devices Market from FY2021 to FY2022 and growth rate until FY2027.
• To classify and forecast the Indian Cardiovascular Devices Market based on type, application, end-user, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Indian Cardiovascular Devices Market.
• To identify drivers and challenges for the Indian Cardiovascular Devices Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Cardiovascular Devices Market.
• To identify and analyze the profile of leading players operating in the Indian Cardiovascular Devices Market.
• To identify key sustainable strategies adopted by the market players in the Indian Cardiovascular Devices Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the service providers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across India.

The publisher calculated the market size of the Indian Cardiovascular Devices Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to cardiovascular devices
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Indian 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
• Stents
• Pacemakers
• Valves
• Defibrillators
• Other

India Cardiovascular Devices Market, By Application:

• Coronary Artery Disease
• Cardiac Arrhythmia
• Heart Failure
• 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 the Indian Cardiovascular Devices Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.