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Report
Cardiovascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 141 Pages I IMARC Group
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 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.
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 report, along with forecasts at the global, regional and country level from 2023-2028. 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:
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
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).
Key Questions Answered in This Report
1. What was the size of the global cardiovascular devices market in 2022?
2. What is the expected growth rate of the global cardiovascular devices market during 2023-2028?
3. What has been the impact of COVID-19 on the global cardiovascular devices market?
4. What are the key factors driving the global cardiovascular devices market?
5. What is the breakup of the global cardiovascular devices market based on the device type?
6. What is the breakup of the global cardiovascular devices market based on the application?
7. What is the breakup of the global cardiovascular devices market based on the end user?
8. What are the key regions in the global cardiovascular devices market?
9. Who are the key players/companies in the global cardiovascular devices market?
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
Figure 1: Global: Cardiovascular Devices Market: Major Drivers and Challenges
Figure 2: Global: Cardiovascular Devices Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Cardiovascular Devices Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Cardiovascular Devices Market: Breakup by Device Type (in %), 2022
Figure 5: Global: Cardiovascular Devices Market: Breakup by Application (in %), 2022
Figure 6: Global: Cardiovascular Devices Market: Breakup by End User (in %), 2022
Figure 7: Global: Cardiovascular Devices Market: Breakup by Region (in %), 2022
Figure 8: Global: Cardiovascular Devices (Diagnostic and Monitoring Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Cardiovascular Devices (Diagnostic and Monitoring Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Cardiovascular Devices (Therapeutic and Surgical Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Cardiovascular Devices (Therapeutic and Surgical Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Cardiovascular Devices (Coronary Artery Disease-CAD) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Cardiovascular Devices (Coronary Artery Disease-CAD) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Cardiovascular Devices (Cardiac Arrhythmia) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Cardiovascular Devices (Cardiac Arrhythmia) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Cardiovascular Devices (Heart Failure) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Cardiovascular Devices (Heart Failure) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Cardiovascular Devices (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Cardiovascular Devices (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Cardiovascular Devices (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Cardiovascular Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Cardiovascular Devices (Specialty Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Cardiovascular Devices (Specialty Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Cardiovascular Devices (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Cardiovascular Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: United States: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: United States: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Canada: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Canada: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Asia-Pacific: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Asia-Pacific: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: China: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: China: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Japan: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Japan: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: India: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: India: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: South Korea: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: South Korea: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Australia: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Australia: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Indonesia: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Indonesia: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Others: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Others: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Europe: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Europe: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Germany: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Germany: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: France: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: France: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: United Kingdom: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: United Kingdom: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Italy: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Italy: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Spain: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Spain: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Russia: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Russia: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Latin America: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Latin America: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Brazil: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Brazil: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Mexico: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Mexico: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Cardiovascular Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Cardiovascular Devices Market: Breakup by Country (in %), 2022
Figure 74: Middle East and Africa: Cardiovascular Devices Market Forecast: Sales Value (in Million US$), 2023-2028
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
Table 1: Global: Cardiovascular Devices Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cardiovascular Devices Market Forecast: Breakup by Device Type (in Million US$), 2023-2028
Table 3: Global: Cardiovascular Devices Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Cardiovascular Devices Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Cardiovascular Devices Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Cardiovascular Devices Market: Competitive Structure
Table 7: Global: Cardiovascular Devices Market: Key Players
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