Cardiovascular devices are considered to be used to diagnose and treat heart disease and related health problems. Due to increasing prevalence and risk rate of cardiovascular diseases, the demand for cardiovascular devices has increased in Spain. As a result, there are also many technological advancements that have been made in the development of cardiovascular devices that are more efficient and accurate.

However there is an increasing demand that has also made Spain a lucrative market for the global players, which has helped the market growth in recent years. Moreover, increasing demand for minimally invasive cardiac procedures for treatment has also propelled the market growth. However, high cost of devices and procedures have been restraining the market growth.

Key Market Trends

Electrocardiogram (ECG) is Expected to Dominate the Market

Electrocardiography (ECG) is the process of producing an electrocardiogram of the electrical activity of the heart. These electrodes detect the small electrical changes that are a consequence of cardiac muscle depolarization followed by repolarization during each cardiac cycle. Changes in the normal ECG pattern occur in numerous cardiac abnormalities, including cardiac rhythm disturbances (such as atrial fibrillation and ventricular tachycardia), inadequate coronary artery blood flow (such as myocardial ischemia and myocardial infarction), and electrolyte disturbances (such as hypokalemia and hyperkalemia).

As per a 2015 report by OECD, the mortality from Cardiovascular disease (CVD) in Spain has is 204 per 100,000 population. Although this prevalence is lower as compared to OECD average, the prevalence is still considered high. Hence the high prevalence of CVD is expected to help the growth of the market.

Competitive Landscape

Spain is a developed country and also surroumeded other developed European nations. As a result, it enjoys the presence of most of the global players in the cardiovascular devices market. Medtronic, Inc., Boston Scientific Corporation, Abbott Laboratories are some of the key players present in the country.

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