Cardiovascular Devices Market Size, Share & Forecast 2023-2028

Global Cardiovascular Devices Market Overview 2023-2028

The global cardiovascular devices market size reached US$ 55.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 82.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

Cardiovascular devices encompass a diverse array of medical instruments tailored for the diagnosis, treatment, or management of heart and blood vessel-related ailments. These devices are surgically implanted to address heart conditions and serve as integral tools in contemporary healthcare, enhancing medical practitioners ability to deliver efficacious treatments and enhance the well-being of patients grappling with cardiovascular illnesses.

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Global Cardiovascular Devices Market Trends and Drivers:

The increasing incidence of heart failure, driven by the rising prevalence of cardiovascular diseases (CVDs), stands as a primary catalyst for the global demand for cardiovascular devices. This trend is also linked to sedentary lifestyles, unhealthy dietary habits, elevated stress levels, diabetes, and obesity within the general population. Furthermore, the expanding elderly demographic, which is more susceptible to medical conditions, and significant enhancements in healthcare infrastructure are fostering market expansion. Additionally, the growing preference for minimally invasive surgeries (MIS), owing to their associated benefits, is further fueling market growth. Moreover, the integration of advanced technologies such as artificial intelligence (AI), machine learning (ML), predictive analytics, sensors, and sophisticated algorithms for early heart disease detection, faster stroke treatment, and enhanced diagnostic radiology capabilities is contributing to market expansion. Beyond this, increased investments in research and development (R&D) endeavors by key industry players are driving market growth.

Global Cardiovascular Devices Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Abbott Laboratories, B. Braun Melsungen AG, Biotronik, Boston Scientific Corporation, Canon Medical Systems Corporation, Cardinal Health Inc., Edwards Lifesciences Corporation, General Electric Company, LivaNova PLC, Medtronic PLC, Siemens Healthineers GmbH (Siemens AG) and Terumo Cardiovascular Systems Corporation (Terumo Corporation)

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The report segmented the market on the basis of region, device type, application and end user.

Breakup by Device Type:

• Diagnostic and Monitoring Devices
• Electrocardiogram (ECG)
• Remote Cardiac Monitoring
• Others
• Therapeutic and Surgical Devices
• Cardiac Rhythm Management (CRM) Devices
• Catheter
• Stents
• Heart Valves
• Others

Breakup by Application:

• Coronary Artery Disease (CAD)
• Cardiac Arrhythmia
• Heart Failure
• Others

Breakup by End User:

• Hospitals
• Specialty Clinics
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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