Cardiovascular Devices Market To Reach $83.56 Billion By 2030

November 2023 | Report Format: Electronic (PDF)

Cardiovascular Devices Market Growth & Trends

The global cardiovascular devices market size is anticipated to reach USD 83.56 billion by 2030, registering a CAGR of 7.1%, according to a new report by Grand View Research, Inc. Increasing geriatric population, sedentary life style coupled with unhealthy dietary habits is spurring the prevalence of cardiovascular diseases. Constant rise in the patients suffering from cardiovascular diseases and is expected to drive market growth during the forecast period.

Governments are trying to limit hospital readmissions to reduce the prevalence of hospital acquired infections (HAIs) by imposing penalties on hospitals. As a result, adoption of home healthcare, remote patient monitoring, and long term care services is rapidly increasing. Thus, demand for cardiovascular devices is increasing from hospitals, patients based in home settings, and long term care centers.

In addition, favorable government policies such as reimbursement coverage are fueling adoption of these devices. Thus, increasing target patient population, rising acceptance of home healthcare, and favorable government policies are some of the major factors driving the growth of the global cardiovascular devices market.

On the other hand, high device cost and stringent regulatory approval procedure are some of the prime factors challenging the growth of the market. In addition, lack of skilled professionals to perform surgical procedures using advanced devices is impeding the adoption of new devices.

 Request a free sample copy or view report summary: Cardiovascular Devices Market Report

Cardiovascular Devices Market Report Highlights

  • Availability of minimally invasive surgical devices coupled with high surgical cost is resulting in higher revenue share of surgical devices. As a result, surgical devices segment dominated the overall market in 2022

  • Diagnostics and monitoring device segment is anticipated to grow at the fastest growth rate of 7.6% during the forecast period. Government initiatives to promote early diagnosis of the diseases, increasing adoption of home healthcare services and long term care centers is primarily affecting the growth of diagnostic and monitoring segment positively.

  • North America dominated with market share of 35.0% of the global market in 2022. Presence of large pool of target population, reimbursement coverage and high adoption rate for advanced treatments are some of the factors driving the growth of the cardiovascular devices market in North America.

  • Furthermore, favorable government policies and presence of well-defined regulatory framework are some of the factors augmenting the market growth in North America.

  • Asia Pacific is anticipated to register significant growth during the forecast period. Growth of the region would primarily attribute to anticipated rise in geriatric population prone to cardiac diseases and booming medical tourism in Asia Pacific.

  • Moreover, presence of rapidly developing countries such as India and China are expected to render positive growth to the Asia Pacific market. Government initiatives to improve healthcare infrastructure, increasing healthcare expenditure and increasing demand for advanced healthcare facilities are some of the factors anticipated to push the market in India and China towards swift growth.

  • Major players contributing to the global market include, Medtronic plc, Becton Dickinson Competition among the key players would depend upon several factors included but not limited to manufacturing capacity, strong distribution network, pricing strategy and product innovation

Cardiovascular Devices Market Segmentation

Grand View Research has segmented the global cardiovascular devices market report based on product, and region:

Cardiovascular Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Diagnostic & Monitoring Devices

    • ECG

    • Holter Monitors

    • Event Monitors

    • Implantable Loop Recorders

    • Echocardiogram

    • PET Scan

    • MRI

    • Cardiac CT

    • Doppler Fetal Monitors

    • Cardiac Diagnostic Catheters 

  • Surgical Devices

    • Pacemakers

    • Stents

    • Catheters & Accessories

    • Guidewires

    • Cannulae

    • Electrosurgical Procedures

    • Valves

    • Occlusion Devices

Cardiovascular Devices Regional Outlook (Revenue in USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Sweden

    • Norway

    • Denmark

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • South Africa

    • UAE

    • Kuwait

List of Key Players in Cardiovascular Devices Market

  • Abbott

  • GE HealthCare

  • Edwards Lifesciences Corporation

  • W. L. Gore & Associates, Inc.

  • Siemens Healthcare GmbH


  • Canon Medical Systems Asia Pte. Ltd.

  • B. Braun SE

  • LivaNova PLC

  • Cardinal Health

  • Medtronic

  • Boston Scientific Corporation

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.