India Cardiovascular Devices Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 7.20% (2024-2032)

Market Size in 2023: USD1.9 Billion

Market Size in 2032: USD 3.6 Billion

The India cardiovascular devices market is growing rapidly, driven by increasing cardiovascular diseases, technological advancements, and healthcare infrastructure improvements. According to the latest report by IMARC Group, the market size reached USD 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 3.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.20% during 2024-2032.

India Cardiovascular Devices Market Trends and Drivers:

The growing prevalence of cardiovascular diseases as well as the rising consciousness of early diagnosis and treatment options are the factors responsible for the growth of the India cardiovascular devices market. Additionally, the market is propelling owing to the lifestyle changes that have led to a surge in cases of heart-related ailments, prompting a greater demand for advanced cardiovascular devices.

Government initiatives to strengthen healthcare infrastructure and promote affordable treatment options, along with the rising penetration of health insurance, are further boosting market growth. Moreover, the aging population and the increasing burden of chronic diseases have heightened the need for diagnostic tools, therapeutic devices, and surgical interventions to manage cardiovascular conditions effectively.

The adoption of minimally invasive procedures and advanced technologies such as AI-driven diagnostics and remote monitoring systems is augmenting the India cardiovascular devices market. In addition to this, devices like stents, pacemakers, and defibrillators are becoming highly sophisticated, offering improved outcomes and patient comfort. The integration of telemedicine with cardiovascular care is enabling real-time monitoring and timely intervention, particularly in remote and underserved areas.

The market is also witnessing a shift towards home-based diagnostic devices, such as portable ECG monitors and wearable devices, catering to the growing demand for convenience and preventive care. Furthermore, collaborations between global manufacturers and domestic healthcare providers are facilitating technology transfer and making advanced devices more affordable and accessible. Increasing investments in research and innovation are anticipated to sustain the robust growth of the India cardiovascular devices market in the coming years, enhancing patient outcomes and advancing the healthcare ecosystem.

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India Cardiovascular Devices Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Device Type:

• Diagnostic and Monitoring Devices
  • Electrocardiogram (ECG)
  • Remote Cardiac Monitoring
  • Others
• Therapeutic and Surgical Devices
  • Cardiac Rhythm Management (CRM) Devices
  • Catheter
  • Stents
  • Heart Valves
  • Others

Breakup by Application:

• Coronary Artery Disease (CAD)
• Cardiac Arrhythmia
• Heart Failure
• Others

Breakup by End User:

• Hospitals
• Specialty Clinics
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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