Germany Cardiovascular Devices Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 5.51% from 2023 to 2033
• The Germany Cardiovascular Devices Market Size is Expected to Hold a Significant Share by 2033.

The Germany Cardiovascular Devices Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 5.51% from 2023 to 2033.  

Market Overview

Implanted cardiac devices, such as implanted pacemakers cardiovascular loop recorders, implanted cardioverter defibrillators (ICDs), and biventricular pacemakers, were developed to assist individuals suffering from cardiovascular disease and specific abnormalities of heart rhythm managing or keep an eye on their irregular heartbeats. A medical device with an oxygenator and pump that mimics the physiological functions of the heart and lungs. Cardiopulmonary bypass grafting (CPB) is utilized in difficult cardiac procedures such valve replacements and congenital heart problem repairs. Additionally, these devices help cure structural issues with the heart's circulation system, such as damaged or clogged arteries and valves.

Report Coverage

This research report categorizes the market for the Germany cardiovascular devices market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the French cardiovascular devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany cardiovascular devices market.

Driving Factors

Devices employed during cardiac operations include those utilized in ventricular reconstruction, hereditary heart problems, abdominal aneurysm of the aorta repair, bypass grafting of the coronary arteries, and the placement of cardiac support implants. These devices are utilized throughout open heart procedures to correct structural faults in the cardiopulmonary system. The demand for devices used in cardiac surgery is mostly driven by the rising number of persons suffering from coronary heart disease (CHD). The 2022 Deutscher Herzbericht demonstrates that CHD remains the primary cause of death in Germany. 121,172 persons died of CHD in 2021 alone; 45,181 of those deaths were from heart attacks. This equals 129.7 fatalities for every 100,000 individuals. The need for heart surgery instruments is growing as more people receive CHD diagnoses and as medical technology advances, assisting healthcare systems in managing the growing number of heart disease cases.

Restraining Factors

A dynamic R&D environment is one of the limitations preventing the development of novel and technologically sophisticated cardiovascular devices.

Market Segmentation

The Germany cardiovascular devices market share is classified into product and application.

• The cardiopulmonary bypass devices segment is expected to hold a significant market share through the forecast period.   

The Germany cardiovascular devices market is segmented by product into beating heart surgery systems and cardiopulmonary bypass devices. Among these, the cardiopulmonary bypass devices segment is expected to hold a significant market share through the forecast period. In order for the patient's body to continue pumping blood and taking in oxygen after surgery, the heart and lungs are temporarily replaced with a machine. Companies like Sorin, Terumo, and Medtronic manufacture important cardiopulmonary bypass machines.

• The coronary artery disease segment is expected to hold a significant share of the Germany cardiovascular devices market during the forecast period.       

Based on the application, the German cardiovascular devices market is divided into congenital heart defects, cardiac arrhythmia, and coronary artery disease. Among these, the coronary artery disease segment is expected to hold a significant share of the Germany cardiovascular devices market during the forecast period. Since coronary artery disease (CAD) is a particularly common heart condition in Germany and frequently necessitates the application of cardiac interventional techniques to unblock blocked arteries, CAD is treated with cardiovascular devices most frequently through procedures such as angioplasty and placement of stents.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany cardiovascular devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Biotronik
• Siemens Healthineers AG
• B. Braun SE
• Getinge (Maquet Holding BV & Co. KG)
• Drägerwerk AG & Co. KGaA
• Fresenius Medical Care AG & Co. KGaA
• JenaValve Technology, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2022, Right Heart Catheter (RHC) simulator manufacturer CATHI, with headquarters in Germany, has introduced the CATHIS RHC 2, the first model of the latest generation of RHC simulations.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Cardiovascular Devices Market based on the below-mentioned segments:

Germany Cardiovascular Devices Market, By Product

• Beating Heart Surgery Systems
• Cardiopulmonary Bypass Devices

Germany Cardiovascular Devices Market, By Application

• Congenital Heart Defects
• Cardiac Arrhythmia
• Coronary Artery Disease