Market Outlook

According to Future Market Consulting analysis, Cardiovascular Devices Market size was valued at USD 53.45 Billion in 2021 and is projected to reach USD 91.22 Billion by 2030, growing at a CAGR of 6.3% from 2022 to 2030.

Together with the introduction of modern therapies for diagnosis of cardiac problems, is opening up significant economic potential. Furthermore, rising awareness and actions by regional authorities are projected to boost the market forward. Furthermore, significant investments are being made to meet the growing demand of cardiovascular surgical devices, which will help the market gain traction throughout the forecast period. Due to the rising prevalence of cardiovascular disorders including coronary artery diseases, cardiac arrest, congenital heart defects, myocardial infarction, cardiomyopathy & others market will cater its growth in upcoming timeframe. The growing number of elderly people and their vulnerability to different chronic diseases, particularly heart disorders, is a driving factor behind the growth of the market.

Conversely, the market may be affected if vendors are unable to invest in cardiovascular system research and development due to inefficiencies in government funding schemes. Nonetheless, the introduction of increased security and monitoring systems in the most recent technologies is expected to result in lucrative growth potential for the industry in the long run.

Key Players

• B Braun Melsungen AG
• Abbott
• Johnson & Johnson Services, Inc.
• Medtronic
• Boston Scientific Corporation
• LivaNova Plc
• Edwards Lifesciences Corporation
• GE Healthcare
• Siemens Healthcare GmbH
• Terumo Cardiovascular Systems Corporation

Segmentation

By Device Type

• Diagnostic & Monitoring
• ECG
• Holter Monitors
• Event Monitors
• Implantable Loop Recorders
• Echocardiogram
• Pet Scan
• MRI
• Cardiac CT
• Doppler Fetal Monitors
• Therapeutic & Surgical Devices
• Pacemakers
• Stents
• Catheters and accessories
• Guidewires
• Cannulae
• Electrosurgical Procedures
• Valves
• Occlusion Devices
• Others

By Application

• Cardiac Arrhythmia
• Coronary Artery Disease
• Heart Failure
• Others

By End User

• Hospitals
• Specialty Clinics
• Others

By Region

South America (Brazil, Argentina, Rest of South America);
North America (US, Canada, Mexico);
Europe (UK, Germany, France, Italy, Spain, Rest of Europe);
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific);
Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa);