Cardiovascular Devices Market Size

Cardiovascular Devices Market size was over USD 62.95 billion in 2024 and is set to exceed USD 147.68 billion by the end of 2037, growing at over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cardiovascular devices is evaluated at USD 66.37 billion. The rising of cardiovascular disease risk across followed by an increasing old age population is estimated to propel the market growth during the forecast period. As per the World Health Organization, the number of old people aged 60 and above in the U.S. is greater than the number of children less than 5 years of age as of 2020. Also, the number of old people aged 60 and over will double by 2050 to reach 2.1 billion, and the number of old people aged 80 years and above is estimated to grow thrice from 2020 to 2050 and reach 426 million.

In addition to these factors such as the increase in over-the-counter medicine availability, rising investments, and the expanding number of awareness campaigns on the administration of cardiovascular devices are thought to be driving the market growth of global cardiovascular devices market during the anticipated time. In the upcoming years, it is anticipated that the market for cardiovascular medical devices would expand owing to an increase in incidences of cardiac diseases such as heart attacks, coronary heart disease, and cardiac arrhythmia. According to the Centers for Disease Control and Prevention, heart disease claimed the lives of almost 697,000 Americans in 2020.