Cardiovascular Devices Market

The Global Cardiovascular Devices Market size was estimated at USD 59,065.9 million in 2024 and is projected to reach USD 109,369.3 million in 2031 at a CAGR of 9.2% during the forecast period 2025-2031.

The cardiovascular devices market refers to the industry involved in the manufacturing, distribution, and innovation of medical devices used in the diagnosis, treatment, and prevention of cardiovascular diseases (CVDs). This market includes a wide range of products such as stents, pacemakers, heart valves, defibrillators, catheters, and diagnostic imaging devices. As cardiovascular diseases remain one of the leading causes of death worldwide, the demand for effective and advanced medical solutions has driven the growth of this market. 

The scope of the cardiovascular devices market extends across a variety of applications, including diagnostics, treatment, and monitoring of heart conditions. These devices are used in both surgical and non-surgical procedures, helping physicians to diagnose issues like coronary artery disease, heart failure, arrhythmias, and valve disorders.

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Key drivers of the cardiovascular devices market include the aging global population, increasing urbanization, and the rise in lifestyle-related diseases, which are contributing to a higher incidence of cardiovascular conditions. Additionally, advancements in healthcare infrastructure and the availability of better reimbursement policies in various countries are supporting market growth. 

Key Findings:

In terms of product segments, the market is divided into diagnostic & monitoring devices and surgical devices. The surgical devices segment, which includes products like cardiac resynchronization therapy devices, pacemakers, coronary stents, and valves, currently holds the largest revenue share. This growth is driven by an increasing number of companies introducing new products, such as Abbott's launch of the XIENCE Sierra Everolimus-Eluting Coronary Stent System in India.

The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America region is projected to hold the largest market share. Factors such as rising prevalence of cardiovascular diseases, aging population, demand for minimally invasive procedures, technological advancements, improved healthcare infrastructure, increased awareness, favourable reimbursement policies, lifestyle risk factors, advancements in personalized medicine, and regulatory support have triggered the Global Cardiovascular Devices Market in the region.

Recent Developments

In October 2024, Koninklijke Philips N.V. showcased its innovative cardiology solutions at the Transcatheter Cardiovascular Therapeutics (TCT) annual meeting. These advancements were designed to boost clinical confidence, improve procedural efficiency, and enhance patient outcomes in interventional procedures, with the goal of providing better care to a broader patient population.

In April 2024, Medtronic launched its latest breakthrough in cardiac surgery, the Avalus Ultra valve. This advanced surgical aortic tissue valve is designed to simplify implantation and optimize long-term patient management.

In March 2024, Stryker unveiled the LIFEPAK CR2 AED and an Evacuation Chair for cardiac care. The LIFEPAK CR2 aids rescuers in delivering rapid CPR and shock during sudden cardiac arrest, featuring QUIK-STEP electrodes for quick placement and a Shock Advisory System for ECG analysis.

Competitive Landscape

• Abbott
• GE HealthCare
• Edwards Lifesciences Corporation
• W. L. Gore & Associates, Inc.
• Siemens Healthcare GmbH
• BIOTRONIK SE & Co. KG
• Canon Medical Systems Asia Pte. Ltd.
• B. Braun SE
• LivaNova PLC
• Cardinal Health
• Medtronic
• Boston Scientific Corporation

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Regional Analysis:

North America to Dominate the Market

• North America dominates the cardiovascular devices market, holding the largest revenue share, driven by the rising prevalence of Atrial Fibrillation (AFib) and cardiovascular diseases (CVD), strong government initiatives, and technological advancements.
• In Europe, the market is experiencing significant growth due to the high mortality rates from CVDs, which remain the leading cause of death in the region.

The Cardiovascular Devices Market is segmented into various segments such as Product and Region.

Based on Product

• Diagnostic & Monitoring Devices
• Surgical Devices

Based on region:

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

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