PUBLISHER: Renub Research | PRODUCT CODE: 1452712
PUBLISHER: Renub Research | PRODUCT CODE: 1452712
Cardiovascular Surgical Devices Market, Size, Share, Global Forecast 2024-2032, Industry Trends, Growth, Insight, Top Companies Analysis
Cardiovascular Surgical Devices Market is predicted to reach US$ 2.77 Billion by 2032, according to Renub Research. Lately, cardiovascular surgical gadgets have received prominence inside the healthcare sector thanks to their large impact on affected person remedy. These devices give modern solutions for addressing numerous cardiovascular illnesses, spanning from minimally invasive processes to elaborate surgical procedures. Their precision, effectiveness, and ability to shorten affected person restoration durations have captured the interest of healthcare specialists globally. Moreover, technological progressions have improved the protection and performance of these devices, rendering them increasingly attractive to both practitioners and sufferers looking for top-rated consequences in contemporary cardiovascular healthcare.
Cardiovascular Surgical Devices Market is anticipated to increase at a CAGR of 3.46% from 2024 to 2032
The surge in cardiac illnesses, diabetes, and lifestyle disorders contributes considerably to the growth of the cardiac surgical devices market. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the primary global reason of mortality, claiming approximately 17.9 million lives yearly. Over four-fifths of CVD-related deaths stem from heart attacks and strokes, with a third occurring prematurely in individuals under 70. Key behavioral risk elements for heart sickness and stroke encompass harmful nutritional patterns, a loss of physical activity, tobacco consumption, and excessive alcohol consumption.
Over the past decade, improvements in cardiac device technologies and their warning signs have propelled the cardiovascular surgical devices market. Improved technology yields higher patient outcomes, shorter recovery instances, and higher satisfaction rates. Artificial intelligence is one such technology that substantially enhances cardiology by imparting advanced monitoring abilities. For example, in 2023, Eko launched the SENSORA(TM) Cardiac Disease Detection Platform, which uses AI to detect structural murmurs, aiding in valvular heart disorder diagnosis. Expanded tool indicators widen their scope in addressing diverse cardiovascular issues, fostering market growth and adoption. Hence, the Cardiovascular Surgical Devices Market was worth US$ 2.04 Billion in 2023.
The reaction to heightened demands for cardiovascular surgical devices in developing nations also contributed to the market boom. For instance, in 2022, Abbott launched its contemporary-technology transcatheter aortic valve implantation (TAVI) device, Navitor, which increased access to minimally invasive remedies for intense aortic stenosis patients in India at excessive or intense surgical danger. Aortic stenosis, a general and severe coronary heart valve disorder, frequently lacks considerable signs. However, 4.54 per thousand individuals in India suffer from this condition, according to the National Institutes of Health (NIH).
Moreover, the surge in approvals from the regulatory authorities for groundbreaking products extensively drives the market's growth. Also, product launches, approvals, strategic acquisitions, and improvements are vital enterprise techniques employed by cardiovascular surgical devices market participants to maintain and expand their worldwide presence. For example, in 2023, Abbott and Cardiovascular Systems, Inc. disclosed a definitive agreement for Abbott to gather CSI, a medical device corporation famous for its revolutionary atherectomy machine used in addressing peripheral and artery disease. This acquisition will augment Abbott's leading vascular device portfolio with complementary technologies from CSI.
Cardiac arrhythmia plays a crucial role in the market for cardiovascular surgical devices
Based on Application, the Cardiovascular Surgical Devices Market is categorized into Congenital Heart Defects, Cardiac Arrhythmia, Coronary Heart Disease, Congestive Heart Failure, and Others. Cardiac arrhythmia is pivotal in the cardiovascular surgical devices market because of its prevalence and life-threatening implications. This spurs demand for modern solutions like pacemakers and catheter ablation structures. For instance, in 2024, Boston Scientific Corporation received FDA approval for the FARAPULSE(TM) Pulsed Field Ablation (PFA) System, offering a unique technique for treating drug-refractory, recurrent, symptomatic, paroxysmal atrial fibrillation.
China significantly influences the market for cardiovascular surgical devices
The Cardiovascular Surgical Devices Market is split by country, including North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). China is important in the cardiovascular surgical devices market. This is due to its vast population, rising cardiovascular disorder rates, expanding healthcare infrastructure, increasing healthcare expenditure, and developing need for superior scientific technologies. For instance, in July 2022, China's National Medical Products Administration permitted an artificial coronary heart for excessive heart failure created by the China Academy of Launch Vehicle Technology and TEDA International Cardiovascular Hospital.
Key Players
The Cardiovascular Surgical Devices Market includes companies such as Abbott Laboratories, Boston Scientific Corporation, Edwards Lifesciences, Cardinal Health Inc., Medtronic PLC, GE Healthcare, LivaNova PLC, and Terumo Corporation.
Product Type - Market breakup in 4 viewpoints:
1. Beating Heart Surgery Systems
2. Cardiopulmonary Bypass Equipment
3. Cardiac Ablation Devices
4. Perfusion Disposable
Application - Market breakup in 5 viewpoints:
1. Congenital Heart Defects
2. Cardiac Arrhythmia
3. Coronary Heart Disease
4. Congestive Heart Failure
5. Others
End-User - Market breakup in 3 viewpoints:
1. Hospitals
2. Ambulatory Surgical Centers
3. Others
Country - Market of 25 Countries Covered in the Report:
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherland
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 UAE
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Abbott Laboratories
2. Boston Scientific Corporation
3. Edwards Lifesciences
4. Cardinal Health Inc.
5. Medtronic PLC
6. GE Healthcare
7. LivaNova PLC
8. Terumo Corporation
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Cardiovascular Surgical Devices Market
6. Market Share - Cardiovascular Surgical Devices Market
- 6.1 By Product Type
- 6.2 By Application
- 6.3 By End User
- 6.4 By Countries
7. Product Type - Cardiovascular Surgical Devices Market
- 7.1 Beating Heart Surgery Systems
- 7.2 Cardiopulmonary Bypass Equipment
- 7.3 Cardiac Ablation Devices
- 7.4 Perfusion Disposable
8. Application - Cardiovascular Surgical Devices Market
- 8.1 Congential Heart Defects
- 8.2 Cardiac Arrthymia
- 8.3 Coronary Heart Disease
- 8.4 Congestive Heart Failure
- 8.5 Others
9. End User - Cardiovascular Surgical Devices Market
- 9.1 Hospitals
- 9.2 Ambulatory Surgical Centers
- 9.3 Others
10. Countries - Cardiovascular Surgical Devices Market
- 10.1 North America
- 10.1.1 United States
- 10.1.2 Canada
- 10.2 Europe
- 10.2.1 France
- 10.2.2 Germany
- 10.2.3 Italy
- 10.2.4 Spain
- 10.2.5 United Kingdom
- 10.2.6 Belgium
- 10.2.7 Netherland
- 10.2.8 Turkey
- 10.3 Asia Pacific
- 10.3.1 China
- 10.3.2 Japan
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Thailand
- 10.3.6 Malaysia
- 10.3.7 Indonesia
- 10.3.8 Australia
- 10.3.9 New Zealand
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.2 Mexico
- 10.4.3 Argentina
- 10.5 Middle East & Africa
- 10.5.1 Saudi Arabia
- 10.5.2 UAE
- 10.5.3 South Africa
11. Porter's Five Forces Analysis - Cardiac Surgery Devices Market
- 11.1 Bargaining Power of Buyers
- 11.2 Bargaining Power of Suppliers
- 11.3 Degree of Rivalry
- 11.4 Threat of New Entrants
- 11.5 Threat of Substitutes
12. SWOT Analysis - Cardiac Surgery Devices Market
- 12.1 Strength
- 12.2 Weakness
- 12.3 Opportunity
- 12.4 Threat
13. Key Players Analysis
- 13.1 Abbott Laboratories
- 13.1.1 Overview
- 13.1.2 Recent Development
- 13.1.3 Revenue Analysis
- 13.2 Boston Scientific Corporation
- 13.2.1 Overview
- 13.2.2 Recent Development
- 13.2.3 Revenue Analysis
- 13.3 Edwards Lifesciences
- 13.3.1 Overview
- 13.3.2 Recent Development
- 13.3.3 Revenue Analysis
- 13.4 Cardinal Health Inc.
- 13.4.1 Overview
- 13.4.2 Recent Development
- 13.4.3 Revenue Analysis
- 13.5 Medtronic PLC
- 13.5.1 Overview
- 13.5.2 Recent Development
- 13.5.3 Revenue Analysis
- 13.6 GE Healthcare
- 13.6.1 Overview
- 13.6.2 Recent Development
- 13.6.3 Revenue Analysis
- 13.7 LivaNova PLC
- 13.7.1 Overview
- 13.7.2 Recent Development
- 13.7.3 Revenue Analysis
- 13.8 Terumo Corporation
- 13.8.1 Overview
- 13.8.2 Recent Development
- 13.8.3 Revenue Analysis
List of Figures
- Figure-01: Global - Cardiovascular Surgical Devices Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Cardiovascular Surgical Devices Market (Billion US$), 2024 - 2032
- Figure-03: Product Type - Beating Heart Surgery Systems Market (Million US$), 2019 - 2023
- Figure-04: Product Type - Forecast for Beating Heart Surgery Systems Market (Million US$), 2024 - 2032
- Figure-05: Product Type - Cardiopulmonary Bypass Equipment Market (Million US$), 2019 - 2023
- Figure-06: Product Type - Forecast for Cardiopulmonary Bypass Equipment Market (Million US$), 2024 - 2032
- Figure-07: Product Type - Cardiac Ablation Devices Market (Million US$), 2019 - 2023
- Figure-08: Product Type - Forecast for Cardiac Ablation Devices Market (Million US$), 2024 - 2032
- Figure-09: Product Type - Perfusion Disposable Market (Million US$), 2019 - 2023
- Figure-10: Product Type - Forecast for Perfusion Disposable Market (Million US$), 2024 - 2032
- Figure-11: Application - Congential Heart Defects Market (Million US$), 2019 - 2023
- Figure-12: Application - Forecast for Congential Heart Defects Market (Million US$), 2024 - 2032
- Figure-13: Application - Cardiac Arrthymia Market (Million US$), 2019 - 2023
- Figure-14: Application - Forecast for Cardiac Arrthymia Market (Million US$), 2024 - 2032
- Figure-15: Application - Coronary Heart Disease Market (Million US$), 2019 - 2023
- Figure-16: Application - Forecast for Coronary Heart Disease Market (Million US$), 2024 - 2032
- Figure-17: Application - Congestive Heart Failure Market (Million US$), 2019 - 2023
- Figure-18: Application - Forecast for Congestive Heart Failure Market (Million US$), 2024 - 2032
- Figure-19: Application - Others Market (Million US$), 2019 - 2023
- Figure-20: Application - Forecast for Others Market (Million US$), 2024 - 2032
- Figure-21: End User - Hospitals Market (Million US$), 2019 - 2023
- Figure-22: End User - Forecast for Hospitals Market (Million US$), 2024 - 2032
- Figure-23: End User - Ambulatory Surgical Centers Market (Million US$), 2019 - 2023
- Figure-24: End User - Forecast for Ambulatory Surgical Centers Market (Million US$), 2024 - 2032
- Figure-25: End User - Others Market (Million US$), 2019 - 2023
- Figure-26: End User - Forecast for Others Market (Million US$), 2024 - 2032
- Figure-27: United States - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-28: United States - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-29: Canada - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-30: Canada - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-31: France - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-32: France - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-33: Germany - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-34: Germany - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-35: Italy - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-36: Italy - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-37: Spain - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-38: Spain - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-39: United Kingdom - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-40: United Kingdom - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-41: Belgium - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-42: Belgium - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-43: Netherland - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-44: Netherland - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-45: Turkey - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-46: Turkey - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-47: China - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-48: China - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-49: Japan - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-50: Japan - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-51: India - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-52: India - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-53: South Korea - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-54: South Korea - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-55: Thailand - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-56: Thailand - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-57: Malaysia - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-58: Malaysia - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-59: Indonesia - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-60: Indonesia - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-61: Australia - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-62: Australia - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-63: New Zealand - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-64: New Zealand - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-65: Brazil - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-66: Brazil - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-67: Mexico - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-68: Mexico - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-69: Argentina - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-70: Argentina - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-71: Saudi Arabia - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-72: Saudi Arabia - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-73: UAE - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-74: UAE - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-75: South Africa - Cardiovascular Surgical Devices Market (Million US$), 2019 - 2023
- Figure-76: South Africa - Forecast for Cardiovascular Surgical Devices Market (Million US$), 2024 - 2032
- Figure-77: Abbott Laboratories - Global Revenue (Million US$), 2019 - 2023
- Figure-78: Abbott Laboratories - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-79: Boston Scientific Corporation - Global Revenue (Million US$), 2019 - 2023
- Figure-80: Boston Scientific Corporation - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-81: Edwards Lifesciences - Global Revenue (Million US$), 2019 - 2023
- Figure-82: Edwards Lifesciences - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-83: Cardinal Health Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-84: Cardinal Health Inc. - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-85: Medtronic PLC - Global Revenue (Million US$), 2019 - 2023
- Figure-86: Medtronic PLC - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-87: GE Healthcare - Global Revenue (Million US$), 2019 - 2023
- Figure-88: GE Healthcare - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-89: LivaNova PLC - Global Revenue (Million US$), 2019 - 2023
- Figure-90: LivaNova PLC - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-91: Terumo Corporation - Global Revenue (Million US$), 2019 - 2023
- Figure-92: Terumo Corporation - Forecast for Global Revenue (Million US$), 2024 - 2032
List of Tables
- Table-01: Global - Cardiovascular Surgical Devices Market Share by Product Type (Percent), 2019 - 2023
- Table-02: Global - Forecast for Cardiovascular Surgical Devices Market Share by Product Type (Percent), 2024 - 2032
- Table-03: Global - Cardiovascular Surgical Devices Market Share by Application (Percent), 2019 - 2023
- Table-04: Global - Forecast for Cardiovascular Surgical Devices Market Share by Application (Percent), 2024 - 2032
- Table-05: Global - Cardiovascular Surgical Devices Market Share by End User (Percent), 2019 - 2023
- Table-06: Global - Forecast for Cardiovascular Surgical Devices Market Share by End User (Percent), 2024 - 2032
- Table-07: Global - Cardiovascular Surgical Devices Market Share by Countries (Percent), 2019 - 2023
- Table-08: Global - Forecast for Cardiovascular Surgical Devices Market Share by Countries (Percent), 2024 - 2032
