1. Market Research
  2. > Medical Devices Market Trends
  3. > Cardiovascular Devices

All the information you were looking for to start your analysis of heart medicine equipment industry

  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
5 votes

Global Cardiovascular Device Industry

The global cardiovascular device industry (part of the medical devices market) is growing rapidly and exhibits signs that it will continue to evolve and expand to reach over $97 billion by 2015, up from nearly $85 billion in 2010 according to a study from BCC Research. This boom is strongly supported by a variety of heart health-related problems that are steadily increasing in number around the world: Over 80 million people suffer from cardiovascular diseases (CVDs) globally reports the American Heart Association, with more than 17 million deaths every year.

Changes in lifestyle habits, particularly related to diet, are impacting population health profiles. The 2011 US National Health and Nutrition Survey found that added sugars accounted for more than 21% of US teenagers’ total daily calorie consumption. With the next generation showing no desire to stop passing the sugar, diet-related CVDs look set to continue to rise.

These conditions have ranked heart disease as the world’s leading killer, with governments and investors now motivated to invest in cardiovascular device research and development.

Key Segments & Products

The two leading market segments driving value are interventional devices and diagnostic devices, which are expected to hit $74 billion and $16 billion, respectively, in the next four years. Support-related products make up the rest of total market value. 

On the product-specific side, stents are key. Coronary artery bypass grafts (CABG) were used in the treatment of coronary artery disease in the 1960s, replaced by the less-invasive balloon angioplasty (percutaneous transluminal coronary angioplasty or PTCA) a decade later. Bare Metal Stents replaced PTCA in the early 1990s, following widespread cases of restenosis (narrowing of a blood vessel, restricting blood flow) in patients the year after surgery. Medical device industry analysis shows that this change helped restenosis fall from 40% to less than 25%.

Drug eluting stents (DES) were developed in the 1990s and were used in 87% of angioplasty treatments by 2004. Research from Axis Research Mind shows that DESs are forecast to account for 65% of the stents market by 2015.

Other important cardiovascular device products include: guiding catheters, which are forecast to represent 55% of the combined emerging market value in Brazil, Russia, India, China, South Korea and South Africa by 2015; pacemakers; defibrillators; valves; artificial hearts; guidewires; ventrical support systems; and echocardiography.


Regional Market Leaders

The American Heart Association reports that over 67% of the population is classified as overweight and over a third as obese, which might be why North America accounts for close to 35% of the global interventional cardiovascular device market value. Europe ranks second with 25% of market value, and Asia-Pacific follows behind with nearly 12%, as reported by Axis Research Mind.

Market Competition

With demand growing rapidly, the market for cardiovascular devices is lucrative, and therefore fiercely competitive. Rival products, or lack thereof, can set a company’s profits soaring or plummeting.

Medtronic, Boston Scientific and St. Jude Medical top the chart of cardiovascular device companies. In 2009, the trio accounted for over 60% of the market combined, says Business Insights. Medtronic was in the lead with device revenue reaching $8.6 billion. St. Jude could well come to dominate Boston Scientific and Medtronic in the future, with its innovative implantable cardiac resynchronization therapy defibrillator Quadra poised to become the next star of the cardiovascular device market.

Defibrillator & Intensive care units 

Read more »

24/7 Customer Support

Talk to Sam

+44 20 8816 8032

1-10 of 83 reports

Global Cardiovascular Devices Industry Forecast

  • January 2015
    7 pages
  • Cardiovascular  

  • World  

View report >

Cardiovascular Devices Industry in the US

  • November 2015
    9 pages
  • Cardiovascular  

  • United States  

View report >

Cardiovascular Devices Industry in Europe

  • January 2013
    5 pages
  • Cardiovascular  

  • Europe  

View report >

Cardiovascular Devices Industry in Japan

  • January 2014
    7 pages
  • Cardiovascular  

    Aortic Valve Re  

  • Japan  

    United States  

View report >

Pacemaker Industry in the US

  • June 2015
    12 pages
  • Pacemaker  


  • United States  

View report >

Stent Graft Statistics in the US

  • April 2015
    55 pages
  • Stent Graft  


  • United States  


View report >

Pathology Description in the US

  • March 2015
    181 pages
  • Cardiovascular  



  • United States  

View report >

Defibrillator Industry in Denmark

  • January 2015
    42 pages
  • Defibrillator  

  • Denmark  

View report >

Cardiovascular Devices Markets in the US

  • January 2015
    14 pages
  • Cardiovascular  

  • United States  

View report >

Stent Graft Industry in the US

  • January 2015
    4 pages
  • Stent Graft  


  • United States  

View report >

Search in Cardiovascular Devices Industry (83 reports)
Parent industry: Medical Devices
Related industries: Dental Equipment, Medical Equipment and Supply, Ophthalmic Devices, Orthopedic, Respiratory Devices, Surgical Equipment, Diagnostics

About 900 reports

Purchase Reports From Reputable Market Research Publishers
(From € 600 - € 3 836)

Cardiac Pacemaker Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Cardiac Pacemaker Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

  • € 3 836
  • Industry report
  • December 2015
  • by Transparency Market Research

Cardiac pacemakers are battery-operated medical devices, when placed inside the chest or abdomen, helps controlling arrhythmia. It contains two parts: generator and leads. The battery contains leads and ...

Patient Monitoring Device/equipment/system Market By Pr ...

January 2016 € 3 720

Mhealth Solutions Market By Connected Devices, Apps, Se ...

November 2015 € 3 720

Global Market Study On Hemodynamic Monitoring System: G ...

January 2016 € 3 680

Cardiovascular Prosthetic Devices - Medical Devices Pip ...

January 2016 € 3 200

Cardiac Rhythm Management Devices - Medical Devices Pip ...

January 2016 € 3 200

Electrophysiology Devices - Medical Devices Pipeline As ...

January 2016 € 3 200

Aortic Stent Grafts - Medical Devices Pipeline Assessme ...

January 2016 € 3 200

Bioabsorbable Stents - Medical Devices Pipeline Assessm ...

December 2015 € 3 200

Global Defibrillator Sales 2015 Market Research Report

November 2015 € 3 200

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.