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Cardiovascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cardiovascular devices market reached a value of US$ 51.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 77.92 Billion by 2027 exhibiting a CAGR of 6.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Cardiovascular devices refer to various medical instruments that are employed for diagnosing and treating heart diseases and related health problems. They are designed to aid in disease monitoring and surgical interventions. Some commonly used cardiovascular devices include stents, heart valves, grafts, catheters, electrocardiogram (ECG), remote cardiac monitoring, and cardiac assist devices. Cardiovascular devices find extensive applications across the healthcare sector as they assist in managing life-threatening conditions effectively, minimizing patient discomfort, and enhancing the quality of life. Nowadays, manufacturers are focusing on developing advanced implantable cardiovascular devices, which is escalating their demand across the globe. 

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Cardiovascular Devices Market Trends:

The widespread prevalence of cardiovascular diseases (CVDs) on account of sedentary lifestyles, and unhealthy dietary patterns and habits, such as smoking and alcohol consumption, represents the primary factor driving the market growth. Besides this, the growing geriatric population is another major growth-inducing factor as they are more susceptible to chronic heart ailments. Additionally, there has been a significant increase in the adoption of home healthcare devices. Along with this, the rising need for compact cardiovascular devices that enable patient mobility and simultaneously provide real-time data is augmenting the product demand. Furthermore, the leading players are focusing on research and development (R&D) activities to launch innovative product variants integrated with advanced technologies and features, thereby contributing to the market growth. Moreover, the rising awareness regarding the available cardiovascular devices among the masses and the shifting preferences toward minimally invasive (MI) procedures are accelerating the product adoption rates. Other factors, including the launch of wireless ECG, growing demand for continuous and home-based monitoring, and technological advancements, are also creating a positive market outlook. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cardiovascular devices market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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:

 

 
 

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

Breakup by End User:

  • Hospitals
  • Specialty Clinics
  • Others
     

Breakup by Region:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Device Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Cardiovascular Devices Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Device Type
    6.1    Diagnostic and Monitoring Devices
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Electrocardiogram (ECG)
           6.1.2.2 Remote Cardiac Monitoring
           6.1.2.3 Others
        6.1.3 Market Forecast
    6.2    Therapeutic and Surgical Devices
        6.2.1 Market Trends
        6.2.2 Key Segments 
           6.2.2.1 Cardiac Rhythm Management (CRM) Devices
           6.2.2.2 Catheter
           6.2.2.3 Stents
           6.2.2.4 Heart Valves
           6.2.2.5 Others
        6.2.3 Market Forecast
7    Market Breakup by Application
    7.1    Coronary Artery Disease (CAD)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cardiac Arrhythmia
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Heart Failure
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End User
    8.1    Hospitals
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Specialty Clinics
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Abbott Laboratories
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    B. Braun Melsungen AG
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 SWOT Analysis
        14.3.3    Biotronik
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 SWOT Analysis
        14.3.4    Boston Scientific Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Canon Medical Systems Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 SWOT Analysis
        14.3.6    Cardinal Health Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Edwards Lifesciences Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    General Electric Company
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    LivaNova PLC
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Medtronic PLC
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Siemens Healthineers GmbH (Siemens AG)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Terumo Cardiovascular Systems Corporation (Terumo Corporation)
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Cardiovascular Devices Market: Major Drivers and Challenges
Figure 2: Global: Cardiovascular Devices Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cardiovascular Devices Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Cardiovascular Devices Market: Breakup by Device Type (in %), 2021
Figure 5: Global: Cardiovascular Devices Market: Breakup by Application (in %), 2021
Figure 6: Global: Cardiovascular Devices Market: Breakup by End User (in %), 2021
Figure 7: Global: Cardiovascular Devices Market: Breakup by Region (in %), 2021
Figure 8: Global: Cardiovascular Devices (Diagnostic and Monitoring Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Cardiovascular Devices (Diagnostic and Monitoring Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Cardiovascular Devices (Therapeutic and Surgical Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Cardiovascular Devices (Therapeutic and Surgical Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Cardiovascular Devices (Coronary Artery Disease-CAD) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cardiovascular Devices (Coronary Artery Disease-CAD) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cardiovascular Devices (Cardiac Arrhythmia) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cardiovascular Devices (Cardiac Arrhythmia) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cardiovascular Devices (Heart Failure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cardiovascular Devices (Heart Failure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cardiovascular Devices (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cardiovascular Devices (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cardiovascular Devices (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cardiovascular Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cardiovascular Devices (Specialty Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cardiovascular Devices (Specialty Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cardiovascular Devices (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cardiovascular Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Cardiovascular Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Cardiovascular Devices Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Cardiovascular Devices Industry: SWOT Analysis
Figure 76: Global: Cardiovascular Devices Industry: Value Chain Analysis
Figure 77: Global: Cardiovascular Devices Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Cardiovascular Devices Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cardiovascular Devices Market Forecast: Breakup by Device Type (in Million US$), 2022-2027
Table 3: Global: Cardiovascular Devices Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Cardiovascular Devices Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Cardiovascular Devices Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Cardiovascular Devices Market: Competitive Structure
Table 7: Global: Cardiovascular Devices Market: Key Players


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Key Questions Answered in This Report

The global cardiovascular devices market was valued at US$ 51.34 Billion in 2021.

 

We expect the global cardiovascular devices market to exhibit a CAGR of 6.70% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic had led to postponement of elective heart treatments and procedures to reduce the risk of the coronavirus infection upon hospital visits or interaction with healthcare professionals and medical equipment, thereby negatively impacting the global market for cardiovascular devices.

 

The rising demand for cardiovascular devices to manage life-threatening conditions effectively, minimize patient discomfort, and enhance the quality of life, is primarily driving the cardiovascular devices market.

Based on the device type, the global cardiovascular devices market can be segmented into diagnostic and monitoring devices and therapeutic and surgical devices. Currently, therapeutic and surgical devices hold the majority of the total market share.

Based on the application, the global cardiovascular devices market has been divided into Coronary Artery Disease (CAD), cardiac arrhythmia, heart failure, and others. Among these, Coronary Artery Disease (CAD) currently exhibits a clear dominance in the market.

 

Based on the end user, the global cardiovascular devices market can be categorized into hospitals, specialty clinics, and others. Currently, hospitals account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global cardiovascular devices market include 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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