Press release
Cardiovascular Devices Market to Reach $98.57 Billion by 2028, Driven by Rising Prevalence of Cardiovascular Disorders
Cardiovascular Devices Market Report
The cardiovascular devices market size is expected to see strong growth in the next few years. It will grow to $98.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to personalized medicine, remote monitoring, emerging markets growth, artificial intelligence (AI) integration, value-based healthcare. Major trends in the forecast period include wearable cardiovascular devices, minimally invasive interventions, bioresorbable devices, remote consultations and telesurgery, sustainable and eco-friendly devices.
Market Overview -
Cardiovascular devices are used to monitor and control irregular heartbeats and heart rhythm disorders.
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Rising Prevalence Of Cardiovascular Disorders Fuels Growth In The Cardiovascular Device Market
An increase in the prevalence of cardiovascular disorders contributes to the growth of the cardiovascular device market. Cardiovascular disorders refer to a group of medical conditions that affect the heart and blood vessels, encompassing various diseases and disorders that involve the circulatory system. A cardiovascular device is a device used to support heart function and blood flow in people with weak or failing hearts. For instance, in June 2023, according to the Immigration and Checkpoints Authority, a Singapore-based government agency, there were 6,884 deaths attributed to heart and hypertensive diseases in 2022, an increase of 10.35% compared to 6,238 deaths recorded in 2021. Therefore, the increase in the prevalence of cardiovascular disorders is expected to drive the growth of the cardiovascular device market.
Competitive Landscape -
Major companies operating in the cardiovascular devices market include Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Edwards Lifesciences Corporation, Johnson & Johnson, Terumo Corporation, Getinge AB, Teleflex Incorporated, Becton, Dickinson and Company, Siemens Healthineers AG, Fresenius SE & Co. KGaA, GE HealthCare Technologie Inc., Stryker Corporation, B. Braun Medical Pvt. Ltd., Baxter International Inc., Danaher Corporation, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, MicroPort Scientific America Inc., W L Gore & Associates Inc., AngioDynamics Inc., CryoLife Inc., Endologix LLC, Lombard Medical Limited, Avinger Inc., Abiomed Inc., Biosensors International Group Ltd., Biotronik SE and Co. KG, CeloNova BioSciences Inc., LeMaitre Vascular Inc., Nano Therapeutics Pvt. Ltd.
Leading Cardiovascular Device Companies Enhance Profitability With Innovative Heliostar Balloon Ablation Catheter
Major companies operating in the cardiovascular devices market are launching new products, such as the balloon ablation catheter, to increase their profitability in the market. The balloon ablation catheter is the initial radiofrequency balloon ablation catheter designed for catheter-based cardiac electrophysiological mapping, involving both stimulation and recording of the atria. For instance, in October 2022, Biosense Webster, a US-based company operating in the science of diagnosing and treating heart rhythm disorders, launched the HELIOSTAR Balloon Ablation Catheter. The HELIOSTAR Balloon Ablation Catheter features exclusive one-shot balloon technology that allows for pulmonary vein isolation in just 12 seconds, complete with tailored energy delivery and an integrated 3D mapping solution.
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Key Segments -
The cardiovascular devices market covered in this report is segmented -
1) By Type: Cardiovascular Surgery Devices And Equipment, Cardiac Rhythm Management (CRM) Devices And Equipment, Interventional Cardiology Devices And Equipment, Defibrillator Devices And Equipment, Peripheral Vascular Devices And Equipment, Prosthetic Heart Valve Devices And Equipment, Electrophysiology Devices And Equipment, Cardiac Assist Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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Top Key Player:-
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Braun Melsungen AG
Boston Scientific Corporation
R. Brad, Inc.
Cardinal Health, Inc.
Medtronic plc.
Cook Medical, Inc.
Teruma Corporation
Jude Medical, Inc.
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