Cardiovascular Devices Market Overview, Trend, Growth, Forecast 2024-2033

The Cardiovascular Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Cardiovascular Devices Global Market Report 2024, The cardiovascular devices market size has grown strongly in recent years. It will grow from $66.15 billion in 2023 to $72.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%.  The  growth in the historic period can be attributed to lifestyle-related diseases, aging population, minimally invasive procedures and implantable devices, healthcare access, regulatory approvals.

The cardiovascular devices market size is expected to see strong growth in the next few years. It will grow to $98.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.  The growth in the forecast period can be attributed to personalized medicine, remote monitoring, emerging markets growth, artificial intelligence (AI) integration, value-based healthcare. Major trends in the forecast period include wearable cardiovascular devices, minimally invasive interventions, bioresorbable devices, remote consultations and telesurgery, sustainable and eco-friendly devices.

An increase in the prevalence of cardiovascular disorders contributes to the growth of the cardiovascular device market. Cardiovascular disorders refer to a group of medical conditions that affect the heart and blood vessels, encompassing various diseases and disorders that involve the circulatory system. A cardiovascular device is a device used to support heart function and blood flow in people with weak or failing hearts. For instance, in June 2023, according to the Immigration and Checkpoints Authority, a Singapore-based government agency, there were 6,884 deaths attributed to heart and hypertensive diseases in 2022, an increase of 10.35% compared to 6,238 deaths recorded in 2021. Therefore, the increase in the prevalence of cardiovascular disorders is expected to drive the growth of the cardiovascular device market.

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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/Equipment; Disposables

Top Major Players

Medtronic PLC,

Boston Scientific Corporation,

Abbott Laboratories,

Edwards Lifesciences Corporation,

Johnson & Johnson

The cardiovascular devices market report table of contents includes:
1. Executive Summary

2. Cardiovascular Devices Market Characteristics
3. Cardiovascular Devices Product/Service Analysis -Product/Service Examples
4. Cardiovascular Devices Market Trends And Strategies
5. Cardiovascular Devices Market – Macro Economic Scenario
6. Global Cardiovascular Devices Market Size and Growth
7. Cardiovascular Devices Market Segmentation
   …….
8. Key Mergers And Acquisitions In The Cardiovascular Devices Market
9. Cardiovascular Devices Market Future Outlook and Potential Analysis
10. Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Cardiovascular Devices Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Cardiovascular Devices Market, Segmentation By Type of Expenditure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Cardiovascular Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 145: Medtronic plc Financial Performance

Table 146: Boston Scientific Corporation Financial Performance

Table 147: Abbott Laboratories Financial Performance

Table 148: Edwards Lifesciences Corporation Financial Performance

Table 149: Johnson & Johnson Financial Performance

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