Global Medical Device, per Frost & Sullivan, Sep 2026 (commissioned by a company).
Source: Frost & Sullivan, Sep 2026 [1]
The global cardiovascular medical devices market is driven by expanding prevalence of ischemic heart disease, increasing PCI procedure volumes, and adoption of next-generation drug-eluting stents and structural heart therapies. [2]
The global medical device market was valued at USD 540.3 billion in 2025 and is projected to reach USD 729.8 billion by 2030 at a CAGR of 6.2%. Cardiovascular devices represent the largest product segment, accounting for 12.5% of the total market (valued at USD 67.5 billion in 2025). The global vascular interventional device market is expected to expand from USD 14.24 billion in 2025 to USD 20.72 billion by 2030 at a CAGR of 7.8%, while the structural heart device market is projected to reach USD 17.07 billion by 2030 at a 7.1% CAGR. [1]
| Figure | Period | Value |
|---|---|---|
| Global Medical Device Market Size [1] | 2025 | US$540.3 billion |
| Global Medical Device Market Size Forecast [1] | 2030 | US$729.8 billion forecast |
| Global Medical Device Market CAGR [1] | 2025–2030 | 6.2% forecast |
| Global Vascular Interventional Market Size [1] | 2025 | US$14.24 billion |
| Global Structural Heart Market Size [1] | 2025 | US$12.09 billion |
The Indian medical device market is estimated to reach USD 50.1 billion by 2030 at a CAGR of 26.9% from USD 15.2 billion in 2025. Implants (including drug-eluting stents and heart valves) represent a USD 1.4 billion segment in 2025, forecasted to expand to USD 4.49 billion by 2030 at a 26.9% CAGR. The Indian vascular interventional device market is projected to reach USD 542.4 million by 2030 at a 7.2% CAGR, while the Indian structural heart device market is expected to grow at a 23.3% CAGR to reach USD 152.0 million by 2030. [1]
| Figure | Period | Value |
|---|---|---|
| Indian Medical Device Market Size [1] | 2025 | US$15.2 billion |
| Indian Medical Device Market Forecast [1] | 2030 | US$50.1 billion forecast |
| Indian Medical Device Market CAGR [1] | 2025–2030 | 26.9% forecast |
| Indian Vascular Interventional Market Size [1] | 2025 | US$382.6 million |
| Indian Structural Heart Market Size [1] | 2025 | US$53.3 million |
The global vascular device market is led by MNCs such as Medtronic, Abbott, and Boston Scientific. SMT is among a select few Class III Indian medical device companies with a comprehensive portfolio across drug-eluting stents, balloon catheters, TAVI, and occluders. SMT holds approximately 25% market share in India by DES sales volume in FY26, and ranks among the top 5 companies by DES sales volume in Germany, Spain, Poland, and Brazil. [1]
| Figure | Period | Value |
|---|---|---|
| SMT DES Market Share in India [1] | FY2026 | 25% |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Market size and growth | Global Medical Device Market Size [1] | 2025 | US$540.3 billion |
| Market size and growth | Global Medical Device Market Size Forecast [1] | 2030 | US$729.8 billion forecast |
| Market size and growth | Global Medical Device Market CAGR [1] | 2025–2030 | 6.2% forecast |
| Market size and growth | Global Vascular Interventional Market Size [1] | 2025 | US$14.24 billion |
| Market size and growth | Global Structural Heart Market Size [1] | 2025 | US$12.09 billion |
| Segments | Indian Medical Device Market Size [1] | 2025 | US$15.2 billion |
| Segments | Indian Medical Device Market Forecast [1] | 2030 | US$50.1 billion forecast |
| Segments | Indian Medical Device Market CAGR [1] | 2025–2030 | 26.9% forecast |
| Segments | Indian Vascular Interventional Market Size [1] | 2025 | US$382.6 million |
| Segments | Indian Structural Heart Market Size [1] | 2025 | US$53.3 million |
| Competition and structure | SMT DES Market Share in India [1] | FY2026 | 25% |
According to Frost & Sullivan (September 2026), the global medical device market was US$540.3 billion in 2025.
Frost & Sullivan projects US$729.8 billion by 2030, a growth rate of 6.2% a year over 2025–2030. Forecasts are the source's, not FinMinutes'.
The global vascular device market is led by MNCs such as Medtronic, Abbott, and Boston Scientific. SMT is among a select few Class III Indian medical device companies with a comprehensive portfolio across drug-eluting stents, balloon catheters, TAVI, and occluders. SMT holds approximately 25% market share in India by DES sales volume in FY26, and ranks among the top 5…
Built from 2 sources: 2 company-commissioned reports. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →