Market Trends of Germany Cardiovascular Devices Industry
This section covers the major market trends shaping the Germany Cardiovascular Devices Market according to our research experts:
Catheter is Expected to Dominate the Cardiovascular Devices Market Over the Forecast Period
A catheter is a thin, flexible tube that is guided through a blood vessel to the heart to diagnose or treat certain heart conditions, such as clogged arteries or irregular heartbeats. The segment is expected to observe good growth due to the increasing burden of cardiovascular, diseases, increasing usage of minimally invasive procedures, and the rising demand for antimicrobial catheters.
The article titled "Epidemiology of heart failure" published in the European Journal of Heart Failure in June 2020 stated that the estimated prevalence of heart failure in Germany based on health care claims data of over 3 million inhabitants was 4% for both men and women. The high burden of heart-related diseases is expected to augment the segment's growth in the coming years.
The rising advancements in cardiac catheters, approvals, launches, partnerships, and acquisitions by the key market players are fueling the segment's growth over the forecast period. For instance, in July 2021 Medtronic plc launched its Prevail drug-coated balloon (DCB) Catheter in the European region including Germany following the CE (Conformité Européene) mark.
Thus, owing to the growing demand for minimally invasive surgeries and technological advancements, there is a growth in the catheter segment of the studied market.
