Cardiovascular devices are a type of medical instrument used for the diagnosis and surgical treatment of cardiovascular diseases, including diagnostic & monitoring devices and treatment & surgical devices. Treatment & surgical devices further include interventional cardiovascular surgical devices, support devices, and repair materials.

The Global Market Size is Expected to Reach $63.405 Billion in 2023, with Treatment and Surgical Devices Dominating the Market.

Cardiovascular disease is one of the diseases with the highest mortality rate worldwide, so the cardiovascular device market has enormous development potential. According to our research data, the global cardiovascular device market is expected to reach $63.41 billion in 2023, among which the market size of treatment and surgical devices is estimated to reach $55.61 billion, with a market share of 87.71%, occupying a dominant position in the market.

Source: www.globalmarketmonitor.com

North America is the Largest Revenue Market, with a Market Revenue Share Exceeding 40%.

From the perspective of regional development, North America is the largest revenue market for the global cardiovascular device industry, mainly driven by the United States as the world's largest medical market. Data shows that the revenue of the North American cardiovascular device market is expected to reach $28.25 billion in 2023, with an estimated global market share of 44.56%; The European market is expected to rank second with revenue of $20.96 billion and a share of 33.06%. In addition, driven by the rapid development of economies such as China, Japan, and India, the Asia-Pacific region is expected to become the fastest-growing market in the global cardiovascular device industry.

Global Cardiovascular Device Market Size and Share by Region/Country in 2023

Regions/Countries	Market Revenue (Billion USD)	Market Share
North America	28.25	44.56%
Europe	20.96	33.06%
China	11.56	18.23%
Japan	3.59	5.67%
India	1.25	1.97%
Southeast Asia	1.30	2.05%
Middle East & Africa	0.86	1.36%

Source: www.globalmarketmonitor.com

In the next few years, with the acceleration of global population aging, the rise of cardiovascular disease incidence rate, and the continuous innovation of technology, the cardiovascular device market will continue to maintain a steady growth trend. It is expected that the global market size will increase to $67.24 billion by 2025.