Press release
Cardiovascular Device Market Projected to Reach USD 128.23 Billion by 2034 | CAGR: 8.4%
The global cardiovascular device market was valued at USD 57.35 billion in 2024. At a CAGR of 8.4%, the market is anticipated to grow from USD 62.05 billion in 2025 to USD 128.23 billion in 2034.
Market Overview
Cardiovascular devices are medical tools used to diagnose and treat heart and blood vessel conditions, including devices like pacemakers, implantable cardioverter-defibrillators (ICDs), and ventricular assist devices (VADs). VADs and other devices assist the heart in pumping blood effectively, especially in cases of heart failure. Stents and other devices are used to open blocked or narrowed arteries and improve blood flow. Wearable cardiac devices use motion and biometric sensors to capture physiologic parameters, including step count, activity intensity, heart rate, heart rhythm, blood pressure (BP), oxygen saturation (SpO2), sleep, maximum oxygen uptake (VO2 max), and temperature. Stents and other devices are used to open blocked or narrowed arteries and improve blood flow.
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Growth Drivers
• The increasing incidence of cardiovascular diseases (CVDs) globally is fueling the demand for cardiovascular devices.
• Rising investments by governments and private sectors in healthcare infrastructure aid in the growth of the cardiovascular device market.
• Growing elderly populations, unhealthy living habits, inadequate nutrition, and rising obesity levels are driving the expansion of the market.
• The rise in CVD cases urges healthcare providers to seek innovative approaches for diagnosing, treating, and managing these conditions more efficiently, thus fueling the growth of the cardiovascular devices market.
Cardiovascular Device Market Report Highlights
• Based on end use, in 2024, the hospital segment dominated the cardiovascular device market share due to the large number of footfall of patients in the hospital settings.
• The diagnostics and monitoring device segment, by device type, is expected to witness fastest growth during the forecast period due to rising focus on preventive healthcare.
• In 2024, North America dominated the global cardiovascular device market revenue share, due to the presence of a large number of hospitals equipped with advanced medical technologies.
• Asia Pacific is expected to record a significant share during the forecast period, driven by an increase in heart disease cases and advancements in healthcare infrastructure.
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Key Players in Market
The market for cardiovascular devices is continuously advancing, with many companies working to create innovations and set themselves apart. A few of these major contributors are:
• Abbott Laboratories
• B. Braun Melsungen AG
• Biotronik SE & Co.KG
• Boston Scientific Corporation
• C. R. Bard, Inc.
• Cook Medicals
• Edward lifesciences corporation
• Jude Medical, Inc.
• Lepu Medicals
• Liaoning Biomedical Materials
• Medtronic Plc
• Meril Life Sciences
• MicroPort Scientific Corporation
• Terumo Corporation
• Translumina GmbH
• Vascular Concepts
Segmental Overview
• The cardiovascular device market is segmented primarily based on application, device type, end use, and region.
• The hospital segment, based on end USE, led the market share in 2024 because of the large influx of patients seeking heart-related treatments.
Cardiovascular Devices Market, Device Type Outlook (Revenue - USD Billion, 2020-2034)
• Diagnostic And Monitoring Devices
o Electrocardiogram
o Remote Cardiac Monitoring
o MRI
o Others
• Therapeutic And Surgical Devices
o Ventricular Assist Devices
o Cardiac Rhythm Management Devices
o Catheter
o Stents
o Others
Cardiovascular Devices Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• Heart Failure
• Cardiac Arrhythmia
• Coronary Artery Disease
• Others
Cardiovascular Devices Market, End-Use Outlook (Revenue - USD Billion, 2020-2034)
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
Regional Analysis
• In 2024, North America led the cardiovascular device market share owing to the abundance of hospitals featuring state-of-the-art medical technologies.
• Asia Pacific is anticipated to capture a significant global market share during the forecast period, propelled by a rise in heart disease incidences and improvements in healthcare infrastructure.
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
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Top Key Player:-
Abbott Laboratories
Braun Melsungen AG
Boston Scientific Corporation
R. Brad, Inc.
Cardinal Health, Inc.
Medtronic plc.
Cook Medical, Inc.
Teruma Corporation
Jude Medical, Inc.
The Spectranetics Corporation
Volcano Corporation
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