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A Deep Dive into Cardiovascular Devices Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Cardiovascular Devices Market Size
In recent times, the market size of cardiovascular devices has seen significant growth. The market is poised to expand from a valuation of $73.14 billion in 2024 to a robust $79.78 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. Factors such as lifestyle-related illnesses, the aging population, the rise of minimally invasive procedures and implantable devices, increased accessibility to healthcare, and regulatory approvals have contributed to its growth during the historic period.
In the upcoming years, a significant expansion is anticipated in the cardiovascular devices market, which is projected to balloon to $102 billion in 2029, with a compound annual growth rate of 6.3%. Factors contributing to this projected growth within the forecast period include the advent of personalized medicine, remote monitoring procedures, growth in emergent markets, incorporation of artificial intelligence (AI), and a shift towards value-based healthcare. Key trends to look out for within this period encompass wearable cardiovascular gadgets, minimal invasive interventions, the rise of bioresorbable devices, remote consultations combined with telesurgery, and emergence of sustainable and environmentally-friendly devices.
What Is Contributing to the Growth of the Cardiovascular Devices Market?
The cardiovascular device market has been experiencing growth due to the rising occurrence of cardiovascular disorders. These disorders are a collection of medical conditions impacting the heart and blood vessels, covering a range of illnesses and issues related to the circulatory system. Cardiovascular devices are employed to aid heart function and blood flow for individuals with weak or failing hearts. For example, in June 2023, the Immigration and Checkpoints Authority, a government agency based in Singapore, reported 6,884 fatalities due to heart and hypertensive diseases in 2022. This marked a rise of 10.35% compared to the 6,238 deaths recorded in 2021. Consequently, the mounting prevalence of cardiovascular disorders is anticipated to fuel the expansion of the cardiovascular device market.
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Which Key Market Leaders Are Driving Cardiovascular Devices Industry Growth?
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, CeloNovaBioSciences Inc., LeMaitre Vascular Inc., Nano Therapeutics Pvt. Ltd.
What Are the Emerging Trends in the Cardiovascular Devices Industry?
Key players within the cardiovascular devices market are introducing new products such as the balloon ablation catheter, with an aim to enhance their market profitability. The balloon ablation catheter, a first-of-its-kind radiofrequency balloon ablation catheter, is used for catheter-based cardiac electrophysiological mapping, which includes stimulation and recording of the atria. To illustrate this, Biosense Webster, an American company specializing in the diagnosis and treatment of heart rhythm disorders, launched the HELIOSTAR Balloon Ablation Catheter in October 2022. The unique features of the HELIOSTAR Balloon Ablation Catheter include a one-shot balloon technology that enables pulmonary vein isolation in as little as 12 seconds, along with customized energy delivery and a built-in 3D mapping solution.
What Are the Main Segments in the Cardiovascular Devices Market?
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 Or Equipment, Disposables
Subsegments:
1) By Cardiovascular Surgery Devices And Equipment: Coronary Artery Bypass Graft (CABG) Equipment, Heart Valve Repair And Replacement Devices, Aortic Aneurysm Repair Devices, Cardiopulmonary Bypass Equipment, Other Cardiovascular Surgery Devices
2) By Cardiac Rhythm Management (CRM) Devices And Equipment: Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT) Devices
3) By Interventional Cardiology Devices And Equipment: Stents (Drug-Eluting, Bare-Metal), Catheters (Balloon, Diagnostic, Guiding), Angioplasty Equipment, Guidewires, Other Interventional Cardiology Devices
4) By Defibrillator Devices And Equipment: Implantable Cardioverter Defibrillators (ICDs), Automated External Defibrillators (AEDs), Wearable Defibrillators, External Defibrillators
5) By Peripheral Vascular Devices And Equipment: Peripheral Stents, Balloons (Peripheral Angioplasty), Embolic Protection Devices, Endovenous Laser Devices, Other Peripheral Vascular Devices
6) By Prosthetic Heart Valve Devices And Equipment: Mechanical Heart Valves, Biological Heart Valves, Transcatheter Heart Valves (TAVR), Other Prosthetic Heart Valve Devices
7) By Electrophysiology Devices And Equipment: Ablation Catheters, Electrophysiology Mapping Systems, ECG And EKG Systems, Cardiac Mapping And Navigation Systems, Other Electrophysiology Devices
8) By Cardiac Assist Devices And Equipment: Ventricular Assist Devices (LVADs), Intra-Aortic Balloon Pumps, Total Artificial Heart, Extracorporeal Membrane Oxygenation (ECMO), Other Cardiac Assist Devices
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Which Geographic Area Leads the Cardiovascular Devices Market?
North America was the largest region in the global cardiovascular devices market in 2023. Western Europe was the second largest region in the global cardiovascular devices market. Africa. was the smallest region in the global cardiovascular devices market. The regions covered in the cardiovascular devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Cardiovascular Devices Global Market Report?
- Market Size Analysis: Analyze the Cardiovascular Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cardiovascular Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cardiovascular Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cardiovascular Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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