Cardiovascular Devices Market Size

Cardiovascular Devices Market Size

Cardiovascular Devices Market size was worth more than USD 5.5 billion in 2022 and is set to expand at over 13% CAGR through 2032 owing to the increasing prevalence of cardiovascular disorders worldwide.

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Widespread adoption of advanced technology to address the growing disease burden is projected to boost industry development. Several factors, such as the prevalence of lifestyle problems characterized by rising alcohol and tobacco use, reduced physical exercise, and environmental changes, are foreseen to increase the procedural volume, raising the need for cardiovascular devices through 2032. In addition, favorable government initiatives are likely to encourage cardiovascular devices market expansion. For instance, in 2021, the U.S. government launched the Million Hearts 2027 program to prevent over 1 million heart attacks in the U.S.

Furthermore, technological developments, coupled with the increasing efforts of major companies to develop modern and highly advanced cardiovascular devices to reduce procedural time and provide better outcomes, are estimated to spur product demand among advanced healthcare settings. In addition, the introduction of advanced endoscopic vessel harvesting technologies in coronary artery bypass graft (CABG) surgery has offered an effective treatment solution with high patient satisfaction, thereby supporting the industry's growth from 2023 to 2032.