Cardiac Surgical Devices Market Report 2025 (Global Edition)

Global Cardiac Surgical Devices Market Report 2025 Market Size Split by Product (Heart Lung Machine, Breathing Heart Surgery Systems, Stabilizers, Positioners, Catheters, Ablation Catheter, Drainage C...

Cardiac Surgical Devices Market Report Description

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Cardiac Surgical Devices Market Insights Video

Competitive Landscape of the Cardiac Surgical Devices Market

The market for cardiac surgical equipment is highly competitive, with a number of major global companies coexisting with smaller regional and specialty businesses. These businesses compete with one another on the basis of things like new product development, pricing, technology advancement, distribution networks, and strategic alliances. In the market for cardiac surgical equipment, the major players and a plethora of other businesses battle to satisfy the changing demands of patients and healthcare providers, spur innovation, and hold onto market leadership through strategic initiatives and differentiation. The market also comprises a number of up-and-coming firms and emerging players who are concentrated on creating innovative technology and specialized cardiac surgery solutions.

February 2023: Cardiovascular Systems, Inc. and Abbott have announced a final agreement for Abbott to purchase CSI, a medical device business that offers a cutting-edge atherectomy system for treating coronary and peripheral artery disease. With the purchase of CSI, Abbott will expand its portfolio of cutting-edge vascular devices with new, complimentary technologies. (Source: https://abbott.mediaroom.com/2023-02-08-Abbott-to-Acquire-Cardiovascular-Systems,-Inc)

Top Companies Market Share in Cardiac Surgical Devices Industry: (In no particular order of Rank)

• Abbott Laboratories
• Terumo Corporation
• LivaNova Plc
• Medtronic Plc
• Murray Surgical Limited
• Boston Scientific Corporation
• Lepu Medical Technology Co. Ltd.
• Wexler Surgical
• Getinge AB
• Gore Medical Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Cardiac Surgical Devices Market

Which Region Dominates the Cardiac Surgical Devices Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The regional growth of the market is ascribed by several factor which includes the rising prevalence of cardiovascular disease and the presence of major players. Moreover, the favorable regulatory policies also favor the growth of the market in the region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Cardiac Surgical Devices market. The regional growth is attributed to the growing healthcare expenditure and the rising cases of CVD in a major nation of Asia Pacific such as India, China and others. Furthermore, growing urbanization and increasing sedentary lifestyles are one of the major factor propelling the market in the Asia Pacific region..

 

The current report Scope analyzes Cardiac Surgical Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cardiac Surgical Devices

According to Cognitive Market Research, the global Cardiac Surgical Devices market size was estimated at USD 2251.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 900.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Cardiac Surgical Devices market with a market size of USD 710.48 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The country's growth is owing to technological advancements.
• The Canada Cardiac Surgical Devices market had a market share of USD 108.06 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's growth is attributed to the rising investment in advanced technology.
• The Mexico Cardiac Surgical Devices market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 81.94 million in 2024.

Europe Cardiac Surgical Devices

According to Cognitive Market Research, the global Cardiac Surgical Devices market size was estimated at USD 2251.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 675.36 million in 2024 and will grow at compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Cardiac Surgical Devices market had a market share of USD 113.46 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Cardiac Surgical Devices sales witness an upswing due to the rising collaboration.
• The France Cardiac Surgical Devices market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 62.13 million in 2024.
• According to Cognitive Market Research, the Germany Cardiac Surgical Devices market size was valued at USD 133.72 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Cardiac Surgical Devices sales have surged due to technological advancements.
• The Italy Cardiac Surgical Devices market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD 58.08 million in 2024.
• The Russia Cardiac Surgical Devices market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 104.68 million in 2024.
• The Spain Cardiac Surgical Devices market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 55.38 million in 2024
• The Luxembourg Cardiac Surgical Devices market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 20.94 million in 2024.
• The Portugal Cardiac Surgical Devices market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 14.18 million in 2024.
• The Greece Cardiac Surgical Devices market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 8.10 million in 2024.
• Rest of Europe Cardiac Surgical Devices market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 104.68 million in 2024.

Asia Pacific Cardiac Surgical Devices

According to Cognitive Market Research, the global Cardiac Surgical Devices market size was estimated at USD 2251.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 517.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Cardiac Surgical Devices market size was valued at USD 233.00 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. The growing technological advancements.
• The Japan Cardiac Surgical Devices market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 71.45 million in 2024.
• The India Cardiac Surgical Devices market had a market share of USD 62.13 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. The demand is augmented by India's growing urbanization.
• The South Korea Cardiac Surgical Devices market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 51.78 million in 2024.
• The Australian Cardiac Surgical Devices market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 26.92 million in 2024.
• The South East Asia Cardiac Surgical Devices market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 35.73 million in 2024.
• The Rest of the Asia Pacific Cardiac Surgical Devices market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 36.76 million in 2024.

South America Cardiac Surgical Devices

According to Cognitive Market Research, the global Cardiac Surgical Devices market size was estimated at USD 2251.2 Million out of which the Latin America market of more than 5% of the global revenue with a market size of USD 112.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Cardiac Surgical Devices market size was valued at USD 48.18 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Cardiac Surgical Devices sales flourish in Brazil due to the increasing investment.
• Argentina Cardiac Surgical Devices market had a market share of USD 18.91 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand is augmented by Argentina's technological advancements.
• Colombia Cardiac Surgical Devices market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 10.02 million in 2024.
• Peru Cardiac Surgical Devices market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 9.23 million in 2024.
• Chile Cardiac Surgical Devices market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 8.10 million in 2024.
• The Rest of the Latin America Cardiac Surgical Devices market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 18.12 million in 2024.

Middle East and Africa Cardiac Surgical Devices

According to Cognitive Market Research, the global Cardiac Surgical Devices market size was estimated at USD 2251.2 Million out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 45.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Cardiac Surgical Devices market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 19.27 million in 2024. Cardiac Surgical Devices sales flourish due to the growing demand for advanced technology.
• The Egypt Cardiac Surgical Devices market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 4.73 million in 2024.
• The South Africa Cardiac Surgical Devices market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 7.11 million in 2024. Cardiac Surgical Devices sales flourished in South Africa due to the rising investment.
• The Turkey Cardiac Surgical Devices market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 3.87 million in 2024.
• The Nigeria Cardiac Surgical Devices market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 4.73 million in 2024.
• The Rest of MEA Cardiac Surgical Devices market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 5.31 million in 2024.

Cardiac Surgical Devices Market Analysis

Cardiac Surgical Devices Market Product Segment Analysis

According to Cognitive Market Research, the Catheters product stands out as the dominating category. Compared to open cardiac surgery, catheter-based techniques are less intrusive and result in quicker recovery times, shorter hospital stays, and better patient comfort. The market for cardiac surgical devices is experiencing revenue growth due to the increasing inclination of patients and healthcare professionals towards minimally invasive procedures, which is propelling the adoption of catheter-based techniques.

Breathing Heart Surgery Systems product emerges as the fastest-growing category in the Cardiac Surgical Devices market. The need for cardiac surgical treatments is driven by the rising global burden of cardiovascular disorders, such as valvular heart disease, congenital heart defects, and coronary artery disease. Systems for breathing heart surgery are essential to these operations because they help the heart function and make surgical interventions easier, which promotes segment expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cardiac Surgical Devices Industry. Request a Free Sample PDF!

Cardiac Surgical Devices Market Procedure Segment Analysis

According to Cognitive Market Research, the dominating category is Minimally Invasive Surgery. Patients are increasingly choosing minimally invasive surgical procedures because of the advantages they offer over open heart surgery, including faster recovery periods, less pain after surgery, smaller incisions, and a decreased chance of problems. The use of MIS in cardiac surgery is growing, which propels segment growth, as patient knowledge and desire for less invasive choices rise.

The fastest-growing category in the Cardiac Surgical Devices market is Coronary Artery Bypass Grafting. The safety, effectiveness, and results of CABG procedures are improved by ongoing improvements in surgical techniques, including as robotic-assisted CABG, minimally invasive CABG, and off-pump CABG. These breakthroughs lessen surgical trauma, speed up recuperation, and increase patient satisfaction—all of which promote adoption and market expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cardiac Surgical Devices Age Segment Analysis

Cardiac Surgical Devices Market Age Group Segment Analysis

According to Cognitive Market Research, the dominating category is Adult Population. The increasing prevalence of CVD in adult population driving the market growth.

The fastest-growing category in the Cardiac Surgical Devices market is Children Population. The most prevalent kind of birth defect, congenital heart defects (CHDs) impact a sizable segment of the pediatric population globally. The demand for cardiac surgical procedures, including the repair or correction of congenital heart problems, rises as medical innovations raise the early detection and survival rates of children with CHDs. This surge in demand fuels the segment's revenue growth.

• New-born Population
• Infant Population
• Children Population
• Adult Population

Cardiac Surgical Devices End User Segment Analysis

Cardiac Surgical Devices Market End User Segment Analysis

According to Cognitive Market Research, the dominating category is Hospitals. The increasing prevalence of CVD and the growing pool of patients in the hospitals drive the market growth.

The fastest-growing category in the Cardiac Surgical Devices market is Ambulatory Surgical Centres. The increasing popularity of outpatient operations, such as some heart surgeries that don't require an overnight stay in a hospital, is catered to by ambulatory surgery facilities. The need for cardiac surgical devices in ASCs rises as more surgeries may be completed as outpatients because to technological and surgical technique developments, which fuels revenue growth.

• Hospitals
• Ambulatory Surgical Centres

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion