Cardiovascular Device Market: Trends, Opportunities and Competitive Analysis

Cardiovascular Device Market: Trends, Opportunities and Competitive Analysis

The global cardiovascular device market is expected to reach an estimated $115.8 billion by 2030 and it is forecast to grow at a CAGR of 4.8% from 2024 to 2030. The major drivers for market growth are growing demand for minimally invasive surgery, increasing healthcare expenditure, and growing geriatric population.

Emerging trends which have a direct impact on the dynamics of the cardiovascular device industry include increasing demand of portable heart monitoring devices, rising adoption of transcatheter aortic valve replacement (TAVR) procedure, and increasing use of bioresorbable stents.

A total of 112 figures / charts and 84 tables are provided in this 197-page report to help in your business decisions. Sample figures with some insights are shown below.

The study includes the cardiovascular device market size and a forecast for the global cardiovascular device market through 2028, segmented by type, device, and region, as follows:

Cardiovascular Device Market by Type [Value ($ Million) from 2018 to 2030]:

• Cardiac Rhythm Management
• Interventional Cardiac Devices
• Peripheral Vascular Devices
• Cardiac Assist Devices
• Structural Heart Devices
• Cardiovascular Surgery
• Electrophysiology
• Diagnostic & Monitoring Devices

Cardiovascular Device Market by Device [Value ($ Million) from 2018 to 2030]:

• Pacemaker
• Defibrillator
• Stent
• Cardiac Catheter
• Guidewire
• Heart Valve
• ECG
• Event Monitor
• Others

Cardiovascular Device Market by Region [Value ($ Million) from 2018 to 2030]:

• North America
• United States
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• APAC
• Japan
• China
• India
• ROW
• Brazil

Cardiovascular device companies profiled in this market include Medtronic Public Limited Company, Boston Scientific Corporation, Abbott Laboratories, Edwards Lifesciences Corporation, and Johnson & Johnson are among the major suppliers of cardiovascular devices.

On the basis of comprehensive research, Lucintel forecasts that the structural heart device, electrophysiology, cardiac assist device, and diagnostic & monitoring device segments are expected to show above average growth during the forecast period.

Within the global cardiovascular device market, the CRM segment is expected to remain the largest segment. Increasing use of defibrillators mainly due to its cost effectiveness and safety is expected to result in significant growth of the CRM market.

North America is expected to remain the largest market during the forecast period mainly due to presence of a large size target patient pool coupled with high adoption rate for advanced treatments in this region.

Some of the features of this report:

• Market size estimates: Global cardiovascular device market size estimation in terms of value ($M) shipment.
• Trend and forecast analysis:Market trend (2018-2023) and forecast (2024-2030) by segments and region.
• Segmentation analysis: Global cardiovascular device market size by various applications such as type, and device in terms of value and volume shipment.
• Regional analysis: Global cardiovascular device market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions of cardiovascular device market.
• Strategic analysis:This includes M&A, new product development, and competitive landscape of global cardiovascular device market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report addresses the following key questions:

Q.1. What are some of the most promising, high-growth opportunities for global cardiovascular device market by type, which includes cardiac rhythm management, interventional cardiac devices, peripheral vascular devices, cardiac assist devices, structural heart devices, cardiovascular surgery, electrophysiology, and diagnostic & monitoring devices, by device (pacemaker, defibrillator, stent, cardiac catheter, guidewire, heart valve, ECG, event monitor, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which products segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this cardiovascular device market?

Q.5. What are the business risks and competitive threats in this cardiovascular device market?

Q.6. What are the emerging trends in this cardiovascular device market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the cardiovascular device market?

Q.8. What are the new developments in the cardiovascular device market and which companies are leading these developments?

Q.9. Who are the major players in this cardiovascular device market? What strategic initiatives are being taken by key companies for business growth?

Q.10. What are some of the competing products in this cardiovascular device market and how big of a threat do they pose for loss of market share by product substitution?

Q.11. What M&A activity has occurred in thecardiovascular device market during last 5 years?

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