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.
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Historical Year
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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 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.
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.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End User
Market Breakup by Region
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.
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.
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 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 is one of the leading companies in the global cardiovascular repair and reconstruction devices market. The company was established in 1921 and headquartered in Tokyo, Japan. The company focuses on life-saving technologies including heart-lung machines, ECMO systems, and regenerative cardiac therapies through its Cardiovascular Division and HeartSheet Division. These innovations are critical for further advances in the treatment of heart failure and cardiac surgeries.
W.L. Gore & Associates is well-positioned in the global market for cardiovascular repair and reconstruction devices. It was established in 1958 and has its headquarters in Newark, Delaware. A leader in innovative products such as Goretex vascular grafts and Gore Excluder stent grafts, it provides advanced solutions to complex cardiovascular procedures that achieve better patient outcomes globally.
Getinge AB is a strategic leader in the global cardiovascular repair and reconstruction devices market. It was established in 1904, it has its headquarters in Gothenburg, Sweden. The company provides cutting-edge solutions to perform some of the most important cardiovascular procedures, including surgical perfusion, endoscopic vessel harvesting, and CABG. These interventions have the potential to affect patient outcomes while minimizing complications due to these interventions.
*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.
*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 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:
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| Breakup by Product |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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