Cardiology Devices - Netherlands | Statista Market Forecast

The projected revenue in the Cardiology Devices market market in the Netherlands is expected to reach US$693.30m in 2024.
This represents a significant market size within the country.
Furthermore, the revenue is anticipated to exhibit a steady annual growth rate (CAGR 2024-2029) of 4.93%.
As a result, the market volume is projected to reach US$881.90m by 2029.
This demonstrates a positive trend and potential for further expansion the in the Netherlands.
In a global comparison, it is worth noting that the United States is expected to generate the highest revenue in the Cardiology Devices market market, reaching a substantial amount of US$25.77bn in 2024.
This indicates the dominance and economic significance of the United States in this market.
The Netherlands is at the forefront of innovative cardiology device development, driving advancements in minimally invasive procedures.

Definition:
The Cardiology Devices market includes diagnostic, monitoring, and surgical devices that are used to treat heart diseases and heart-related problems.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Abbott Laboratories, Boston Scientific, Edwards Lifesciences.
Further information on the key players can be found in the Market Shares boxes.

Cardiology diagnostic & monitoring devices
Cardiology surgical devices
Implants such as pacemakers

Cardiology drugs
Cardiology supplements

The Cardiology Devices market in Netherlands has been experiencing steady growth in recent years. Customer preferences for advanced and innovative cardiology devices, along with local special circumstances and underlying macroeconomic factors, have contributed to this development. Customer preferences in the Netherlands have shifted towards more advanced and innovative cardiology devices. Patients and healthcare professionals are increasingly seeking devices that offer improved accuracy, reliability, and ease of use. This has led to a growing demand for cutting-edge technologies such as implantable cardioverter-defibrillators (ICDs), cardiac catheters, and pacemakers. Additionally, there is a rising interest in minimally invasive procedures, which require specialized devices for effective treatment. As a result, the market for cardiology devices in the Netherlands has witnessed a surge in the adoption of these advanced technologies. Trends in the market indicate a growing focus on preventive cardiology measures. The Netherlands has a well-developed healthcare system that emphasizes early detection and prevention of cardiovascular diseases. This has led to an increased demand for diagnostic devices such as electrocardiographs (ECGs) and Holter monitors, which are used for monitoring and detecting cardiac abnormalities. Furthermore, there is a rising trend of telemedicine and remote patient monitoring, which allows healthcare professionals to monitor patients' cardiac health remotely. This trend is expected to further drive the growth of the cardiology devices market in the Netherlands. Local special circumstances also play a role in the development of the cardiology devices market in the Netherlands. The country has a high prevalence of cardiovascular diseases, with a significant portion of the population being affected by conditions such as hypertension, coronary artery disease, and heart failure. This has created a need for advanced cardiology devices for both diagnosis and treatment purposes. Additionally, the Netherlands has a well-established healthcare infrastructure and a favorable reimbursement system, which encourages the adoption of innovative medical technologies. These factors have contributed to the growth of the cardiology devices market in the country. Underlying macroeconomic factors have also influenced the development of the cardiology devices market in the Netherlands. The country has a stable economy and a high level of healthcare expenditure, which allows for investments in advanced medical technologies. Furthermore, the aging population in the Netherlands has led to an increased demand for cardiology devices, as older individuals are more susceptible to cardiovascular diseases. The government's focus on healthcare and the availability of healthcare insurance coverage for the majority of the population have also contributed to the growth of the market. In conclusion, the Cardiology Devices market in the Netherlands is developing due to customer preferences for advanced and innovative devices, a focus on preventive cardiology measures, local special circumstances such as the high prevalence of cardiovascular diseases, and underlying macroeconomic factors including a stable economy and a high level of healthcare expenditure. These factors have created a favorable environment for the growth of the cardiology devices market in the country.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.