Latest News- Cardiovascular Medical Devices Market: Diagnostic systems is expected to lead the Product segment during 2025-2029

The Cardiovascular Medical Devices Market is being driven by Rising incidence of cardiac diseases and growth of insurance providers

The Cardiovascular Medical Devices Market is expected to grow at a CAGR of 7.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 21706.1 million. In the global cardiovascular medical devices market, companies are implementing innovative business strategies to enhance their competitive edge. Stryker, a leading US-based corporation, is one such organization that reprocesses single-use medical devices, including cardiovascular diagnostic catheters, through its subsidiary, Stryker Sustainability Solutions. This practice allows hospitals to reduce costs, ultimately leading to lower cardiovascular procedure expenses, benefiting both patients and healthcare providers. Stryker Sustainability Solutions offers reprocessed catheter introducer sheaths, such as Agilis NxT, which is manufactured by St. Jude Medical and utilized in Electrophysiology (EP) procedures. This strategic approach not only reduces costs but also contributes to sustainability efforts within the healthcare industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Diagnostic systems
  • Surgical devices
• Disease Type
  • Coronary artery disease
  • Arrhythmia
  • Heart failure
  • Structural heart disease
  • Others
• End-user
  • Hospitals
  • ASCs
  • Specialty clinics
  • Home healthcare settings
  • Rehabilitation centers
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising incidence of cardiac diseases and growth of insurance providers
• Availability of advanced diagnostic methods
• Increased preference for minimally invasive procedures

However, the market also witnesses some limitations, which are as follows:

• High cost of cardiovascular procedures
• Stringent regulatory and compliance requirements for manufacturing cardiovascular medical devices
• Product recalls

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Market Scope in Cardiovascular Medical Devices Market Research Report

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Research Analysis Overview

The Cardiovascular Devices Market encompasses a range of medical equipment used in the diagnosis, monitoring, and treatment of cardiovascular diseases, including heart failure, heart disorders, and fatal conditions like cardiomyopathy and stroke. Minimally invasive procedures have led to an increase in demand for cardiovascular devices, such as cardiology devices like coronary artery stents, ECG machines, Holter monitors, and Al-based electrocardiogram technology. The World Health Organization reports that cardiovascular diseases are the leading cause of healthcare resources being spent and mortality worldwide. Emerging nations are expected to drive growth in this market due to rising healthcare expenditures and increasing prevalence of heart-related disorders. Surgical devices and diagnostic monitoring devices are also key segments of this market.

Market Research Overview

The Cardiovascular Medical Devices Market is a significant segment of the global Healthcare Equipment Market, focusing on advanced, differentiated, and clinically tested cardiovascular devices. These devices cater to various heart disorders, including heart failure and fatal conditions, and facilitate minimally invasive procedures such as coronary artery stenting. Technavio, a leading technology research agency, calculates the size of the global Healthcare Equipment Market based on the combined revenue generated by manufacturers of diagnostic equipment and devices. This market encompasses capital equipment, instruments, implants, accessories, and consumables used for disease diagnosis, monitoring, and treatment. The Cardiovascular Medical Devices Market is a crucial contributor to this industry segment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/