CARDIOVASCULAR DEVICES MARKET ANALYSIS

Cardiovascular Devices MarketSize and Trends

The global cardiovascular devices market was valued at US$ 53,020.7 Mn in 2022 and is forecast to reach the value of US$ 89,719.7 Mn by 2030 at a CAGR of 7.80%between 2023 and 2030.

Global Cardiovascular Devices Market Trends:

Increase in focus on disease diagnosis is a recent trend

Due to rise in burden of cardiovascular diseases, the demand for early diagnosis is also increasing, which in turn has increased the demand for cardiovascular devices worldwide. Moreover, advances in diagnostics and treatment options have spurred a better understanding of types of cardiovascular diseases, allowing for the development of precision devices to treat such diseases and also giving a patient a wide spectrum of treatment options. This trend is expected to continue over the forecast period, driving the growth of the cardiovascular devices market.

Rise in usage of electrocardiograms (ECGs) is another trend

More people worldwide are using ECGs for diagnostic and monitoring purposes and are especially popular in the home healthcare market. An ECG is often used alongside other tests to help diagnose and monitor conditions affecting the heart. Moreover, market players are focusing on developing and launching wearable ECG monitoring solutions to wirelessly capture ECG and heart rate. Rise in product launches and approvals has increased the usage of ECG. This trend is also expected to continue during the forecast period, driving the market growth.