Cardiovascular Surgical Devices Market, Size, Share, Global Forecast 2024-2032, Industry Trends, Growth, Insight, Top Companies Analysis
Cardiovascular Surgical Devices Market Outlook
Cardiovascular Surgical Devices Market is predicted to reach US$ 2.77 Billion by 2032, according to Renub Research. In contemporary healthcare, cardiac surgical procedure devices play a pivotal role in enabling the diagnosis, remedy, and control of various cardiovascular situations. These devices, from stents and pacemakers to catheters and bypass grafts, are critical tools cardiac surgeons use to perform complicated tactics with precision and effectiveness. As cardiovascular illnesses continue to pose significant fitness challenges globally, the significance of those superior gadgets in improving patient outcomes, lowering mortality costs, and enhancing overall quality of life cannot be overstated, making them quintessential in modern-day healthcare practice.
Cardiovascular Surgical Devices Market is anticipated to increase at a CAGR of 3.46% from 2024 to 2032
The primary drivers of the global cardiovascular surgical devices market expansion are the increasing prevalence of cardiovascular sicknesses and the growing older population. According to the British Heart Foundation, about 620 million individuals globally have heart and circulatory illnesses, with approximately 60 million new instances bobbing up yearly. Further, factors such as sedentary lifestyles, co-morbidities, immoderate cigarette use, diabetes, and growing obesity rates are predicted to propel the global cardiac surgery device market. Moreover, advancements in clinical tool technology are contributing to the industry's enlargement.
Further, massive technological improvements by leading businesses contribute substantially to driving market growth, translating research breakthroughs into improved treatments and enhanced care for tens of millions suffering from coronary heart illnesses. For instance, the innovation of a suture-less big bore closure tool is anticipated to propel the global market for cardiovascular surgical devices. Reimbursement rules play a pivotal function in this market, considering elements like process complexity, catheter type, and healthcare sources utilized. These elements impact healthcare companies' coverage and monetary reimbursement for cardiac catheterization strategies. Hence, the Cardiovascular Surgical Devices Market was valued at US$ 2.04 Billion in 2023.
Moreover, favorable authorities' investments and strategic product launches are set to propel the cardiac surgery device market. Initiatives in nations like India, China, and Japan stimulate industrial growth for startups and multinational groups. Leading clinical tool companies collaborate with governments to strengthen their cardiac surgery device market presence, reinforced through improved investment. This collaborative attempt is poised to force market expansion. Besides, producers innovate constantly, introducing efficient devices and spurring the worldwide cardiac surgery device market boom with superior products and extended launches.
Perfusion disposables might hold a significant portion of the cardiac surgery device market
By Product Type, the Cardiovascular Surgical Devices Market is fragmented into Beating Heart Surgery Systems, Cardiopulmonary Bypass Equipment, Cardiac Ablation Devices, and Perfusion Disposable. Perfusion disposables claim a substantial share of the cardiac surgery device market. This is attributed to their vital function in preserving the optimal blood flow during cardiac strategies. As an essential component of extracorporeal flow structures, perfusion disposables, including oxygenators and tubing sets, are integral for heart surgeries like bypass strategies. The increasing occurrence of cardiovascular illnesses necessitates a constant demand for these disposable devices, making perfusion disposables one of the cardiac surgery device market's vast segments due to their imperative feature in assisting effective and safe cardiac surgeries.
Coronary Heart Disease (CHD) ranks prominently among the global cardiac surgery device market elements
Based on Application, the Cardiac Surgery Device Market is segmented into Congenital Heart Defects, Cardiac Arrhythmia, Coronary Heart Disease, Congestive Heart Failure, and Others. Coronary Heart Disease (CHD) is among the prominent cardiac surgery device market segments. This is owed to its huge incidence and the ensuing demand for interventions. With CHD being a leading cause of mortality worldwide, the need for surgical methods like coronary artery bypass grafting (CABG) and angioplasty stays excessive. As a result, there may be a continuous requirement for superior cardiac surgical treatment devices like stents, catheters, and grafts to manage and treat CHD efficaciously. Thus positioning it as a critical cardiac surgery device market section.
Hospitals can potentially become crucial participants in the worldwide Cardiovascular Surgical Devices Market
The Cardiovascular Surgical Devices Market is organized into Hospitals, Ambulatory Surgical Centers, and Others among the end-users. Hospitals could emerge as pivotal players in the global cardiac surgery device market. This is because they are the primary centers for diagnosing and treating cardiovascular illnesses. With a surge in demand for cardiac surgical procedures, hospitals require an extensive selection of advanced surgical devices to cater to sufferers' desires efficiently. Their continuous investments in current technology and devices, in addition, solidify their position as leading cardiac surgical procedure tool market contributors.
United States is leading the cardiac surgery device market
The Cardiovascular Surgical Devices Market is categorized 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, South Korea, Thailand, Malaysia, Indonesia, Australia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (Saudi Arabia, the United Arab Emirates, and South Africa). The United States dominated the cardiac surgery device market. The demand is projected to rise due to the increasing prevalence of cardiovascular sicknesses, notably by growing weight problem rates. A large part of the population undergoes cardiac surgical operations, fueling the need for superior surgical devices. Moreover, elements such as escalating healthcare expenses and the alarming incidence of heart disorders remain the leading reason for deaths across genders and racial groups within the United States, further bolstering the cardiac surgery device market. According to the Centers for Disease Control and Prevention, heart-related deaths inside the United States reached nearly 697,000.
Key Players
The Cardiovascular Surgical Devices Market comprises businesses like Abbott Laboratories, Boston Scientific Corporation, Edwards Lifesciences, Cardinal Health Inc., Medtronic PLC, GE Healthcare, LivaNova PLC, and Terumo Corporation.
- In May 2023 - The U.S. Food and Drug Administration (FDA) approved Abbott Laboratories for their TactiFlex Ablation Catheter, distinguished as the inaugural sensor-enabled ablation catheter globally, featuring a flexible tip and contact force technology.
- In June 2023 - Terumo Aortic initiated its global post-approval study (PAS), titled EXTEND, for Thoraflex Hybrid, which is the sole frozen elephant trunk (FET) device sanctioned by the US Food and Drug Administration (FDA) for addressing complex aortic arch disease in patients.
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
Report Details:
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2019 – 2023 |
| Forecast Period | 2024 – 2032 |
| Market | US$ Billion |
| Segment Covered | Product Type, Application, End User, Countries |
| Countries Covered | United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, Saudi Arabia, United Arab Emirates, and South Africa |
| Companies Covered | Abbott Laboratories, Boston Scientific Corporation, Edwards Lifesciences, Cardinal Health Inc., Medtronic PLC, GE Healthcare, LivaNova PLC, and Terumo Corporation |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
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
6.1 By Product Type
6.2 By Application
6.3 By End User
6.4 By Countries
7. Product Type
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
9.1 Hospitals
9.2 Ambulatory Surgical Centers
9.3 Others
10. Countries
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
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
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
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