Global Cardiovascular Medical Lasers Market 2022 – Market Opportunities And Strategies
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The cardiovascular medical lasers market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 45%, as per The Business Research Company’s market report!
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The Cardiovascular Medical Lasers Market Size In 2022 And Forecast
The global cardiovascular medical lasers market is expected to grow from $0.10 billion in 2021 to $0.15 billion in 2022 at a compound annual growth rate (CAGR) of 44.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The market is expected to grow to $0.66 billion in 2026 at a CAGR of 45.6%.
The cardiovascular medical lasers market consists of the sale of cardiovascular medical lasers and related services by entities that manufacture them.
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Rise In Prevalence Of Cardiovascular Diseases Is Driving The Growth Of The Cardiovascular Medical Lasers Market
For instance, according to the World Health Organization, in 2019, 17.9 million people died from cardiovascular diseases worldwide. According to the British Heart Foundation, coronary heart disease is responsible for around 64,000 deaths in the UK each year, an average of 180 people each day, or one death around every eight minutes. One in seven men and one in 12 women in the UK die from coronary heart disease. Therefore, the increasing prevalence of cardiovascular diseases is expected to drive the growth of cardiovascular medical lasers.
Competitive Landscape And The Regional Analysis Of The Cardiovascular Medical Lasers Market
Major players in the cardiovascular medical lasers market are Boston Scientific Corp, Cardiovascular Systems, AngioDynamics, Royal Philips NV, and RA Medical Systems.
Additionally, as per TBRC’s research – North America was the largest region in the cardiovascular medical lasers market in 2021 holding the largest market share.
The Cardiovascular Medical Lasers Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cardiovascular medical lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cardiovascular medical lasers market.
Technological Advancement – A Key Trend In The Cardiovascular Medical Lasers Market
Cardiovascular medical laser manufacturers are constantly investing in technologies for faster diagnosis and efficient treatment of heart conditions. Areas of technological advances include new wavelengths, more rugged setups, lower-cost systems, and other advancements are being combined with minimally invasive techniques.
Cardiovascular Medical Lasers Market Segmentation By The Business Research Company
1) By Type: Excimer Laser, Carbon Dioxide Laser
2) By Application: Laser Vascular Anastomosis, Transmyocardial Laser Revascularization, Laser Angioplasty For Peripheral Arterial Diseases
3) By End Use: Hospitals, Specialty Clinics, Ambulatory Surgery Centers
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Cardiovascular Devices Global Market Report 2022
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