Rising Prevalence Of Cardiovascular Disorders Fuels Growth In The Cardiovascular Device Market: Strengthening the Growth Trajectory of the Cardiovascular Devices Market

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What Is the Expected CAGR for the Cardiovascular Devices Market Through 2025?
In recent times, there has been a significant expansion in the cardiovascular devices market size. It is expected to surge from $73.14 billion in 2024 to $79.78 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.1%. The rise in this sector during the historic term is credited to factors such as diseases linked to lifestyle, a growing seniors population, the popularity of minimally invasive procedures and implantable devices, access to healthcare, and regulatory green lights.

What's the Projected Size of the Global Cardiovascular Devices Market by 2029?
In the coming years, the cardiovascular devices market is anticipated to experience robust expansion. The market valuation is predicted to reach $102 billion by 2029, progressing at a compound annual growth rate of 6.3%. This impending growth in the forecast period can be attributed to the advent of personalized medicine, remote monitoring, market expansion in emerging countries, integration of artificial intelligence (AI), and the emphasis on value-based healthcare. Major trends shaping this sector during the forecast period encompass wearable cardiovascular gadgets, minimally invasive procedures, bio-dissolvable devices, remote consultation and telesurgery procedures, along with sustainable and environmentally friendly devices.

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Top Growth Drivers in the Cardiovascular Devices Industry: What's Accelerating the Market?
The expansion of the cardiovascular device market is largely due to a rise in cases of cardiovascular disorders. These conditions comprise a collection of diseases that impact the heart and blood vessels, inclusive of many different ailments associated to the circulatory system. A cardiovascular device is instrumental in aiding heart functionality and blood circulation in individuals with weakened or failing hearts. For example, the Immigration and Checkpoints Authority, a government agency in Singapore, reported that in 2022, heart and hypertensive diseases were responsible for 6,884 deaths, a 10.35% increase from the 6,238 deaths in 2021. Hence, the surge in cardiovascular disorders is anticipated to stimulate the growth of the cardiovascular device market.

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What Trends Will Shape the Cardiovascular Devices Market Through 2029 and Beyond?
Prominent businesses in the cardiovascular devices market are introducing new products like the balloon ablation catheter to enhance their market profitability. This catheter is the first of its kind to be used for catheter-based cardiac electrophysiological mapping to stimulate and record the atria. For example, Biosense Webster, a US company that specializes in the diagnosis and treatment of heart rhythm disorders, launched the HELIOSTAR Balloon Ablation Catheter in October 2022. This unique catheter, thanks to its one-shot balloon technology, enables pulmonary vein isolation in only 12 seconds, and includes a customised energy delivery along with 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 Top Companies are Driving Growth in the Cardiovascular Devices Market?
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.

Which Regions Will Dominate the Cardiovascular Devices Market Through 2029?
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.

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