Cardiovascular Devices Market Size, Share & Report 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 refer to a category of medical instruments and equipment specifically designed for diagnosing, treating, and managing conditions related to the cardiovascular system. They are made from biocompatible materials to minimize adverse reactions and promote safety. They include diagnostic equipment like electrocardiogram (ECG) machines and therapeutic devices like pacemakers and stents. They provide precise and accurate measurements and ensure reliable diagnostic information and treatment delivery. They aid in the early detection of heart-related conditions, allowing for prompt intervention and improved patient outcomes. They enable targeted treatment that minimizes the risk of complications and improves the effectiveness of angioplasty and heart valve replacement procedures.

Global Cardiovascular Devices Market Trends and Drivers:

The rising prevalence of numerous cardiovascular diseases, such as hypertension and coronary artery diseases, especially among the aging population, represents one of the key factors catalyzing the demand for cardiovascular devices. Additionally, continuous innovations in cardiovascular devices, including minimally invasive techniques, novel materials, and improved imaging technologies, are attracting a wider consumer base. Apart from this, sedentary lifestyles, poor dietary habits, and rising stress levels are resulting in lifestyle-related cardiovascular diseases, which are favoring the market growth. Furthermore, advancements in genomics and personalized medicine are enabling tailored treatment plans for cardiovascular patients, which is supporting the development of patient-specific cardiovascular devices. Moreover, the integration of electronic health records (EHRs) and data analytics is enhancing patient care and treatment outcomes and driving the adoption of cardiovascular devices that can connect with digital health platforms.

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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)

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

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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.

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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