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Prominent Cardiovascular Surgery Devices And Equipment Market Trend for 2025: GE HealthCare Launches CardioVisio for AFib to Enhance Precision Care and Streamline Clinical Workflows
Prominent Cardiovascular Surgery Devices And Equipment Market
The market for cardiovascular surgery devices and equipment has been expanding robustly in the most recent years. It's projected to increase from $1.89 billion in 2024 to $1.99 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. This significant growth in the historical period can be credited to the increasing prevalence of cardiovascular illnesses, advancements in technology, an aging population, and the management of chronic diseases.
In the coming years, a slight expansion is projected in the market size for cardiovascular surgery devices and equipment. It is estimated to escalate to $2.15 billion by 2029 with a compound annual growth rate (CAGR) of 1.9%. Factors contributing to the growth forecasted for this period include minimally invasive surgery, cutting-edge imaging, tailored medicine, and the rise of telemedicine and teleconsultations. Emerging trends anticipated throughout this period incorporate hybrid operating rooms, transcatheter procedures, the incorporation of artificial intelligence (AI) in surgery, and remote surgical training.
What Is Driving the Growth Trajectory of the Cardiovascular Surgery Devices And Equipment Market?
The cardiovascular surgical devices market is being propelled by the increasing older population and the growing death rate associated with cardiovascular ailments. The American Heart Association (AHA) reports that around 43.7 million individuals over the age of 60 in the US have cardiovascular disorders. They also state that cardiac disease-related deaths amount to 17.3 million each year and are projected to surge to over 23.6 million globally by 2030. These factors contribute to a greater frequency of surgeries being carried out, thus propelling the market forward.
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Which Leading Companies Are Shaping the Growth of the Cardiovascular Surgery Devices And Equipment Market?
Major companies operating in the cardiovascular surgery devices and equipment market include Abbott Laboratories, Boston Scientific Corporation, Cook Medical, Abiomed Inc., Angiodynamics, Transmedics, Terumo cardiovascular systems corporation, Edwards Life Science Corporation, Medtronic plc, Cardinal Health, Cyberheart Incorporated, Medwaves Incorporated, Thoratec Corporation, Cordis Corporation, Getinge Group, Atrion Corporation, Sorin S.P.A., Biosensors International, Bioventrix Inc., Maquet GmbH & Co. KG, EndoPhotonix Inc., Krdium Inc., SEMMT Inc., Amaranth Medical, 3M Health Care, Abaxis Inc., Atlas Genetics, Becton Dickinson and Company, BioFire Diagnostics, bioMérieux, Bio-Rad Laboratories, Cepheid, Chembio Diagnostic Systems, EKF Diagnostics, GenMark Diagnostics, Hologic, LumiraDx, Mesa Biotech (a subsidiary of Thermo Fisher Scientific), Nova Biomedical, NOWDiagnostics, Opko Health, OraSure Technologies, QIAGEN, Roche Diagnostics, Sekisui Diagnostics, Siemens Healthineers, Sysmex Corporation, Thermo Fisher Scientific, Trividia Health, Trivitron Healthcare, Werfen S.A.
What Are the Major Trends Shaping the Cardiovascular Surgery Devices And Equipment Market?
Leading corporations are making strategic investments in entities functioning in the Cardiovascular Surgery Devices and Equipment market. These businesses are primarily focusing on the development of progressive solutions like CardioVisio for Atrial Fibrillation (AFib). Such solutions aim to boost early detection, enhance patient results, and simplify treatment procedures. CardioVisio for Atrial Fibrillation (AFib) is a high-level diagnostic and observation solution explicitly made for the detection and management of AFib, a frequent form of uneven heart rhythm. For example, GE HealthCare, a US medical technology corporation, launched CardioVisio for Atrial Fibrillation (AFib) in August 2023. This digital clinician decision-support tool is designed to improve the precision of care for AFib patients. The solution was unveiled at the ESC Congress 2023 and efficiently combines longitudinal patient data from different sources, allowing medical professionals to gain an extensive understanding of cardiac health. CardioVisio offers recommendations based on clinical evidence and aligned with AFib standards that simplify clinical workflows while ensuring adherence to best practices.
What Are the Key Segments of the Cardiovascular Surgery Devices And Equipment Market?
The cardiovascular surgery devices and equipment market covered in this report is segmented -
1) By Product Type: Beating heart surgery systems, Cardiopulmonary Bypass Equipment, Cardiac Ablation Devices, Perfusion Disposables
2) By Application: Congenital Heart Defects, Cardiac Arrhythmia, Coronary Heart Disease, Congestive Heart Failure, Other Applications
3) By End User: Home and Ambulatory care, Hospitals, Diagnostic laboratories, Research Laboratories
Subsegments:
1) By Beating Heart Surgery Systems: Stabilization Systems, Tissue Stabilizers, Coronary Artery Bypass Surgery Systems, Other Beating Heart Surgery Devices
2) By Cardiopulmonary Bypass Equipment: Heart-Lung Machines, Oxygenators, Cannulas, Tubing Packs, Cardioplegia Delivery Systems, Other Cardiopulmonary Bypass Equipment
3) By Cardiac Ablation Devices: Radiofrequency Ablation Devices, Cryoablation Devices, Laser Ablation Devices, Microwave Ablation Devices, Other Cardiac Ablation Devices
4) By Perfusion Disposables: Blood Oxygenators, Perfusion Cannulas, Tubing Sets, Filters, Blood Reservoirs, Other Perfusion Disposables
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Which Region Dominates the Cardiovascular Surgery Devices And Equipment Market?
North America was the largest region in the global cardiovascular surgery devices and equipment market in 2023. Western Europe was the second-largest region in the global cardiovascular surgery devices and equipment market. The regions covered in the cardiovascular surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Cardiovascular Surgery Devices And Equipment Global Market Report?
- Market Size Analysis: Analyze the Cardiovascular Surgery Devices And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cardiovascular Surgery Devices And Equipment 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 Surgery Devices And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cardiovascular Surgery Devices And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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