Cardiovascular Surgery Devices And Equipment Market Outlook 2025–2034: Identifying Growth Drivers, Technology Trends, and Policy Impact
Discover trends, market shifts, and competitive outlooks for the cardiovascular surgery devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What is the Projected CAGR for the Cardiovascular Surgery Devices And Equipment Market Size from 2025 to 2034?
In recent times, there has been a notable expansion in the market size of cardiovascular surgery devices and equipment. The market value is projected to increase from $1.89 billion in 2024 to $1.99 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 5.3%. The substantial growth witnessed in the historical period can be associated with factors such as the widespread occurrence of cardiovascular illnesses, advancements in technology, an aging demographic, and management of chronic diseases.
Predictions illustrate that the market for cardiovascular surgery devices and equipment is set to witness slight expansion over the coming years, with its value increasing to $2.15 billion in 2029 by a compound annual growth rate (CAGR) of 1.9%. Factors such as the adoption of minimally invasive surgical methods, utilization of advanced imaging, personalized healthcare approaches, as well as telemedicine and teleconsultations contribute to this anticipated growth within the forecasted period. Newer trends like hybrid operating spaces, transcatheter procedures, application of artificial intelligence (AI) in surgical practices, and remote surgical education also play a significant role in shaping the growth.
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What Are the Core Market Drivers Propelling Growth in the Cardiovascular Surgery Devices And Equipment Industry?
The increase in the elderly population combined with a surge in fatalities owing to cardiovascular ailments is propelling the cardiovascular surgical devices market. Data from the American Heart Association (AHA) indicates that about 43.7 million individuals over the age of 60 in the US are afflicted with cardiovascular conditions. The AHA also reports that annual deaths from heart-related diseases tally up to 17.3 million, a figure projected to escalate to over 23.6 million globally by 2030. This rise in health issues has led to an increased frequency of surgical procedures, thus boosting the market.
How Is the Cardiovascular Surgery Devices And Equipment Market Segmented?
The cardiovascular surgery devices and equipment market covered in this report is segmented –
1) By Product Type: Beating heart surgery systems, Cardiopulmonary Bypass Equipment, Cardiac Ablation Devices, Perfusion Disposables
2) By Application: Congenital Heart Defects, Cardiac Arrhythmia, Coronary Heart Disease, Congestive Heart Failure, Other Applications
3) By End User: Home and Ambulatory care, Hospitals, Diagnostic laboratories, Research Laboratories
Subsegments:
1) By Beating Heart Surgery Systems: Stabilization Systems, Tissue Stabilizers, Coronary Artery Bypass Surgery Systems, Other Beating Heart Surgery Devices
2) By Cardiopulmonary Bypass Equipment: Heart-Lung Machines, Oxygenators, Cannulas, Tubing Packs, Cardioplegia Delivery Systems, Other Cardiopulmonary Bypass Equipment
3) By Cardiac Ablation Devices: Radiofrequency Ablation Devices, Cryoablation Devices, Laser Ablation Devices, Microwave Ablation Devices, Other Cardiac Ablation Devices
4) By Perfusion Disposables: Blood Oxygenators, Perfusion Cannulas, Tubing Sets, Filters, Blood Reservoirs, Other Perfusion Disposables
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Which Regions Are Driving the Next Phase of the Cardiovascular Surgery Devices And Equipment Market Growth?
North America was the largest region in the global cardiovascular surgery devices and equipment market in 2023. Western Europe was the second-largest region in the global cardiovascular surgery devices and equipment market. The regions covered in the cardiovascular surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Key Trends Are Shaping the Future of the Cardiovascular Surgery Devices And Equipment Market?
Significant corporations are putting resources into businesses in the Cardiovascular Surgery Devices and Equipment market, with a particular interest in those concentrating on creating groundbreaking solutions like CardioVisio for Atrial Fibrillation (AFib). They are doing so to upgrade early diagnosis procedures, better patient outcomes, and simplify treatment pathways. CardioVisio for Atrial Fibrillation (AFib) is a sophisticated diagnostic and monitoring solution made to detect and manage AFib, which is a prevalent irregular heart rhythm pattern. As an illustration, GE HealthCare, an American medical technology firm, in August 2023, unveiled CardioVisio for Atrial Fibrillation (AFib). It’s a digital support tool for clinical decisions made to enhance precision care for AFib patients and was first introduced during the ESC Congress 2023. This pioneering solution amalgamates longitudinal patient data from diverse sources, granting clinicians a detailed view of cardiac health. By providing recommendations based on solid evidence and in line with AFib guidelines, CardioVisio enhances clinical workflows and promotes adherence to top-level practices.
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How Is the Cardiovascular Surgery Devices And Equipment Market Defined and What Are Its Core Parameters?
Cardiovascular surgery devices and equipment are used in cardiac surgery and other cardiovascular procedures performed to repair structural defects of the cardiovascular system and damaged or blocked valves and vessels.
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