1. Market Research
  2. > Healthcare
  3. > Medical Device Market Trends
  4. > Cardiovascular Devices

Cardiovascular Devices: Comprehensive Market Analysis

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

More market segments:

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.

 Pacemaker

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 »

Customer Support

Talk to Sam

+1 646 893 5945

3 Reports
Demand, Company, Demographic
2 Statistics
Demand, Market Size, Finance
3 Reports
Forecast, Company, Demographic
2 Statistics
Finance, Company Financials, Demand
3 Reports
Company, Demographic, Market Description
10 Reports
Demographic, Company Financials, Company
Search in Cardiovascular Devices Industry (About 100 reports)
Parent industry: Medical Device
Related industries: In Vitro Diagnostics, Diagnostic Imaging, Orthopedics, Respiratory Device, Surgical Equipment, Dialysis Device, Endoscopic Device, Patient Monitoring

About 700 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 995 - $ 10995)

US Market Report Suite For Interventional Cardiology Devices 2018 - MedSuite

US Market Report Suite For Interventional Cardiology Devices 2018 - MedSuite

  • $ 10995
  • Industry report
  • December 2017
  • by iData Research, Inc.

Cardiovascular disease (CVD) is a common illness, afflicting one in every three individuals in the United States. The effects of CVD can vary from simple high-blood pressure to a fatal stroke. Interventional ...

Japan Market Report Suite for Interventional Cardiology ... $ 10995 September 2017

Angioplasty of arteries of lower extremities for periph ... $ 10450 April 2017

Percutaneous Transluminal Coronary Angioplasty (PTCA) C ... $ 7500 September 2017

Arteriotomy Closure Devices - Cardiovascular Market Ana ... $ 7500 September 2017

Coronary Stents - Cardiovascular Market Analysis and Fo ... $ 7500 September 2017

Percutaneous Transluminal Angioplasty (PTA) Drug Elutin ... $ 7500 September 2017

Peripheral Guidewires - Cardiovascular Market Analysis ... $ 7500 September 2017

Coronary Guidewires - Cardiovascular Market Analysis an ... $ 7500 September 2017

Embolectomy Balloon Catheters (EBC) - Cardiovascular Ma ... $ 7500 September 2017


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

Make sure you don’t miss any news and follow us on