Cardiovascular Devices Market

The global cardiovascular devices market reach USD 77.71 billion in 2024 and is projected to reach USD 110.39 billion by 2029, at a CAGR of 7.3% during the forecast period.

The growth of the cardiovascular devices market is prompted by a number of factors. Rising rates of cardiovascular diseases, fueled by aging populations, unhealthy lifestyles, and increased prevalence of obesity and diabetes, create a growing demand for minimally invasive treatment options and remote patient monitoring. Technological advancements, such as drug-eluting stents, Bioreabsorbable occluders and transcatheter valves, are enhancing treatment outcomes and patient safety, thus increasing adoption is expected to drive the growth of cardiovascular devices market.

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The prominent players operating in the global cardiovascular devices market are Medtronic Plc (Ireland), Abbott Laboratories (US), Boston Scientific Corporation (US), Terumo Corporation (Japan), GE Healthcare Technologies, Inc. (US), Edward Lifesciences Corporation (US), Siemens Healthineers AG (Germany), Johnson & Johnson (US), Baxter International Inc (US), B. Braun SE (Germany), Getinge AB (Sweden), Koninklijke Philips N.V. (Netherlands), Lepu Medical Technology (Beijing) Co., Ltd (China), Nihon Kohden Corporation (Japan),  MicroPort Scientific Corporation (China), Japan Lifeline Co., Ltd. (Japan), AngioDynamics, Inc.(US), LifeTech Scientific Corporation (China), Artivion Inc (US), Sahajanand Medical Technologies Limited (India), OrbusNeich Medical Group Holdings Limited (China), BPL Medical Technologies (India), BiotroniK. (Germany),), W.L. Gore & Associates, Inc (US), Canon medical systems corporation (Japan),   Picard Medical Company (US).

Abbott Laboratories (US): Abbott Laboratories is a well-known player in the cardiovascular devices market. The company offers a wide variety of innovative cardiovascular health solutions. Its products include leadless pacemaker systems, implantable cardioverter defibrillators, cardiac resynchronization therapy devices, left ventricular assist devices, among many others. Abbott adapts the strategy according to the conditions of each market, using direct sales or distributors to efficiently reach customers. Abbott is very well placed having a much larger global presence,  catering to the cardiovascular devices market, which is of utmost importance, by expanding its network of subsidiaries.

Boston Scientific Corporation (US): Boston Scientific is a leader in cardiovascular devices with innovative solutions towards advancing cardiovascular health and improving patient outcomes. It has extensive portfolio of cardiovascular devices, such as drug-eluting stents up to balloon catheters, delivering accuracy and effectiveness. Boston Scientific focuses on minimally invasive technologies which enables optimization of procedural efficiency as well as recovery times to ensure safety. Well established R&D at a global level, the company ensures providing revolutionary innovations at times, catering to the needs of both the healthcare professionals and patients.

Medtronic (US): Medtronic is one of the most recognized leaders in the cardiovascular devices market, offering extensive solutions for the treatment of heart and vascular diseases with innovative products. It covers drug-eluting stents, balloon catheters, guide wires, and systems for transcatheter aortic valve replacement. Its portfolio also includes structural heart interventions and peripheral vascular solutions. The company aims at developing minimally invasive techniques in order to enhance patient outcome and procedure efficiency. It has a global presence, therefore ensuring extensive access to its life-saving technologies, thus making Medtronic a trusted name in cardiovascular care.

Related Reports:

Cardiovascular Devices Market by Product (Cardiac Imaging, Rhythm Management, Cardiac Assist Devices, Interventional Cardiology, Electrophysiology, Monitoring ), Indication (CAD, MI, CHF), End User (Hospitals & Clinics) - Global Forecast to 2029

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