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Report Overview

The global cardiovascular repair and reconstruction devices market was valued at USD 9.11 Billion in 2024, driven by the advancements in heart valve technology across the globe. The market is anticipated to grow at a CAGR of 9.10% during the forecast period of 2025-2034, with the values likely to reach USD 21.77 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • The market is expected to grow significantly because of the rising prevalence of cardiovascular diseases, an aging population, and technological advancements in medical devices.
  • In April 2024, Abbott received FDA approval for its TriClip, a minimally invasive device for tricuspid regurgitation treatment. This approval fills a significant unmet need, which is expected to spur growth in the cardiovascular repair and reconstruction devices market.
  • North America is one of the most significant contributors to the market share, which can be attributed to its advanced healthcare infrastructure and high healthcare spending.

Cardiovascular Repair and Reconstruction Devices Market Overview

Cardiovascular repair and reconstruction devices are technological tools used in diagnosing, treating, and preventing heart valve diseases, blood vessel injuries, and other related cardiovascular diseases. They are used to restore the normal functioning of the heart and blood vessels by repairing or replacing the affected areas. The increasing incidence of cardiovascular diseases and advancing medical technology are augmenting market demand. Innovations in minimally invasive procedures, increased healthcare spending, and an aging population are poised to further propel the market growth.

Cardiovascular Repair and Reconstruction Devices Market Growth Drivers

Advancements in Heart Valve Technology to Elevate the Market Value

Advancements in heart valve technology are resulting in substantial growth in the cardiovascular repair market. In January 2024, researchers at Imperial College engineered a living heart valve using biodegradable polymers that grow with the patient. This development is a long-term solution, overcoming some of the mechanical and biological valve limitations. Such innovations can be potentially curable for congenital heart defects, thereby significantly contributing to market growth.

Cardiovascular Repair and Reconstruction Devices Market Trends

Cardiovascular Repair and Reconstruction Devices Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

  • Heart Valve Repair
    • Transcatheter Aortic Valve Replacement (TAVR)
    • Transcatheter Mitral Valve Replacement (TMVR)
  • Vascular Graft
    • Peripheral vascular grafts
    • Aortic Graft
  • Cardiovascular Patches
    • Cardiac Repair Patches
    • Vascular Repair Patches

Market Breakup by End User

  • Hospitals
  • Cardiac Catheterization Labs
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Cardiovascular Repair and Reconstruction Devices Market Share

Segmentation Based on Product to Witness Substantial Growth

Based on the product the market is segmented into heart valve repair, vascular graft, and cardiovascular patches. Heart valve repair devices are expected to hold a significant market share due to a growing prevalence of valvular diseases, such as aortic stenosis and mitral regurgitation. Improvement in valve repair technology and minimally invasive surgical approach increases the accessibility and effectiveness of heart valve repair, which is likely to further boost the growth of this segment in the market.

Cardiovascular Repair and Reconstruction Devices Market Analysis by Region

The market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to hold a significant share of the market due to robust healthcare infrastructure, increased patient awareness, and high demand for new treatments. Europe closely follows, driven by the rapidly increasing aging population, rise in cardiovascular diseases, and initiatives from governments to advance medical care.

Leading Players in the Cardiovascular Repair and Reconstruction Devices Market

The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:

Medtronic plc

Medtronic was established in 1949 and has headquarters in Minneapolis, Minnesota, USA. Due to numerous innovations in cardiovascular technologies, the company operates a comprehensive portfolio of products in the field, such as guidewires, catheters, stents, and chronic occlusion devices, driving the market growth.

Terumo Corporation

Terumo Corporation is one of the leading companies in the global cardiovascular repair and reconstru...

W. L. Gore & Associates, Inc.

W.L. Gore & Associates is well-positioned in the global market for cardiovascular repair and reconst...

Getinge AB

Getinge AB is a strategic leader in the global cardiovascular repair and reconstruction devices mark...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the market include Becton, Dickinson and Company, Artivion, Inc., Edwards Lifesciences Corporation, Baxter, Abbott, and CryoLife, Inc.

Key Questions Answered in the Cardiovascular Repair and Reconstruction Devices Market Report

  • What was the cardiovascular repair and reconstruction devices market value in 2024?
  • What is the cardiovascular repair and reconstruction devices market forecast outlook for 2025-2034?
  • What are the regional markets covered in the EMR report?
  • What is the market segmentation based on the product?
  • What is the market breakup based on the end user?
  • What major factors are expected to aid the cardiovascular repair and reconstruction devices market demand?
  • How has the market performed so far and how is it anticipated to perform in the coming years?
  • What are the major drivers, opportunities, and restraints in the market?
  • What are the major trends influencing the market?
  • Which regional market is expected to dominate the market share in the forecast period?
  • Which country is likely to experience elevated growth during the forecast period?
  • Who are the key players involved in the cardiovascular repair and reconstruction devices market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • End User
  • Region
Breakup by Product
  • Heart Valve Repair
  • Vascular Graft
  • Cardiovascular Patches
Breakup by End User
  • Hospitals
  • Cardiac Catheterization Labs
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • Medtronic plc
  • Becton, Dickinson and Company
  • Terumo Corporation
  • W. L. Gore & Associates, Inc.
  • Getinge AB
  • Artivion, Inc
  • Edwards Lifesciences Corporation
  • Baxter
  • Abbott
  • CryoLife, Inc.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124