Cardiovascular | Advanced Manufacturing Minneapolis

Cardiovascular Industry Outlook

The global cardiovascular devices market size is expected to reach $86.27 billion by 2028 from $54.08 billion in 2021, exhibiting a CAGR of 6.9% during the period. ₁
Innovative treatment technologies in cardiovascular disease (CVD), such as transcatheter aortic valve replacement (TAVR) and 3D printing are expanding the market for MedTech manufacturers.₂
Digital solutions, ranging from mobile cardiac telemetry to Apple Watches, serve as clinical-decision support tools for providers inputting patient data to generate treatment recommendations, as well as data gathers for cardio device designers.₂
Consumer wearables and medical-grade wearables continue to intersect with an increasing number of companies pursuing FDA clearance to support claims of AFib monitoring and other cardiovascular measures on devices such as the Apple Watch, Fitbit, etc. ₃
Pacemakers are getting smaller and going leadless (wire free) – thanks to miniaturization advancements in manufacturing ₃
The role of robotics increasing in interventional cardiology in the future, calling for more design and manufacturing expertise.₄

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Cardiovascular Industry in Minnesota

In 1957, Earl E. Bakken, the founder of Medtronic Inc., invented the first wearable, battery-operated pacemaker in his Minnesota garage.₅
Minnesota has more than 470 medical device establishments, with over 32,600 people working in the industry.₆
Minnesota ranks 1st In medical device patents per capita and 2nd In total medical device patents overall in the United States.₆

Featured Cardiovascular Content in 2022

Application of AI in Data Fusion for Improving Clinical Decisions with Rohit Jain, NeuTrace, and Michael Chan, NDI
Biocompatibility Evaluation Across a Medical Device’s Life-Cycle: Industry Best Practices Small for Approaching Clause 4.7 of ISO 10993-1:2018 with Daniel Oseid, MicroBio Consulting
Case Study – Use of 3D Printing & Virtual Reality Visualization to Plan Separation of Conjoined Twins with Art Erdman, University of Minnesota
Medical-grade Material Options for Sustainable Medical Device Designs with Spencer Siegel, Arkema
Automating Catheter Manufacture: How Lasers are Solving Key Challenges with Paul Fitzsimons, Laser Wire Solutions
Fostering Medical Device Innovation Through Constructive Engagement with Regulators with James Kleinedler, Boston Scientific
User-Centered Design for MedTech Devices: Lessons Learned in Human Factors with Albert Rodriguez, Velentium
Small Batteries Enable Miniaturization of Active Implanted Medical Devices with Denis Pasero, Ilika Technologies Ltd.

These sessions are part of the education program at MD&M Minneapolis, part of Advanced Manufacturing Minneapolis. Click here for more information.

Tech Tour

Advanced Manufacturing Minneapolis and our official media partner, MD+DI, is bringing this attendee tour of cardiovascular exhibits to the expo floor! This hour-long tour is starting at the IME Engineering Media Lounge, Booth 2137, on Wednesday, November 2nd at 1:30 p.m. and will be led by Omar Ford, Editor-in-Chief at MD+DI. Add to your show planner.