Cardiology is emerging as the medical device segment to watch in 2026, with several recent earnings calls highlighting its momentum across the industry.
The cardiac space saw rapid transformation in 2025, from the dominant reign of PFA offerings, to a
growing interest in TAVR procedures
.
Now, four major medtech companies are crediting their recent financial success to strong performance in cardiac segments.
Edwards Lifesciences
Edwards Lifesciences had a monumental Q4 and full year 2025, growing sales 13.3% to $1.57 billion in the last quarter of the year.
The company
credited TAVR and TMTT
performance for driving these financial gains. In Q4, TAVR sales grew 12.0% to $1.16 billion 1, while TMTT sales grew more than 40% to $156 million from repair and replacement therapies.
Full-year TAVR 2025 global sales of $4.5 billion increased 8.6% year-over-year on a constant currency basis.
In the U.S., the company saw intentional and urgent treatment of patients with severe aortic stenosis, fueled by a
large and growing body of positive
evidence on the SAPIEN platform.
In May 2025, Edwards won a nod from FDA to approve the Sapien 3 platform, a transcatheter aortic valve replacement therapy to treat patients without symptoms, suffering from severe aortic stenosis.
This was the first time FDA approved TAVR for asymptomatic patients. The Sapien 3 platform (Sapien 3, Sapien 3 Ultra, and Sapien 3 Ultra Resilia) has been approved based on data from the EARLY TAVR trial, which demonstrated that asymptomatic severe AS patients randomized to Edwards TAVR experienced superior outcomes compared to guideline-recommended clinical surveillance (watchful waiting).
In April, the company secured a CE mark for the Sapien M3 mitral valve. The approval was for the transcatheter treatment of patients with symptomatic (moderate-to-severe or severe) mitral regurgitation (MR) who are deemed unsuitable for surgery or transcatheter edge-to-edge (TEER) therapy.
ArtiCure
Mason, Ohio-based AtriCure, a specialist in surgical treatments and therapies for atrial fibrillation, left atrial appendage management, and post-operative pain management,
saw substantial revenue growth in Q4 2025
.
The company saw a 13.1% year-over-year growth for the quarter, reaching worldwide revenues of $140.5 million. Full year 2025 worldwide revenue reached $534.5 million, an increase of 14.9% year-over-year.
The AtriClip FLEX MINI and AtriClip PRO MINI were credited as key drivers due to the low profile of the “mini” devices. The company exited 2025 with more than 300 active accounts purchasing FLEX MINI, which contributed 18% of worldwide left atrial appendage management revenue in 2025.
In open AFib ablation, revenue grew 17%, primarily driven by the Encompass clamp. Encompass was present in more than 830 accounts worldwide, and U.S. open ablation sales were $143.8 million, up 16.3% year over year, with Encompass contributing more than 60% of U.S. open ablation revenue in 2025.
The company also noted it has several clinical trials in the pipeline, on top of new product developments for 2026.
Its ongoing LEAPS trial, which currently has 6,573 patients enrolled, is aimed at expanding treatment in cardiac surgery patients without pre-existing AFib.
Its 960 patient BOX X NoAF trial is evaluating ablation intended to reduce postoperative AFib in cardiac surgery patients without pre-existing AFib.
ArtiCure is also working on a dual-energy EnCompass clamp intended to shorten RF ablation times and add PFA as a complementary energy source.
Boston Scientific
Boston Scientific saw a profit
boom in the third quarter of
2025, making the lion's share of its revenue in Q3 through the heart device market, benefitting from pacemaker and stent sales.
The company's cardiovascular unit posted quarterly sales of $3.34 billion, beating estimates of $3.27 billion. Its cardiovascular segment saw 22.4% net sales growth.
In April, Boston Scientific’s Farapulse pulsed field ablation system triumphed over the PFA systems of major competitors, including Medtronic, as the company has
continued to assert its dominance
in the cardiovascular space.
In July, the company
secured label expansion
from FDA for its Watchman FLX and Watchman FLX Pro. Boston Scientific estimates that expanding the Watchman label to post-ablation patients would expand its patient population by 1 to 2 million globally.
Medtronic
Medtronic’s financial results for the second quarter of 2026, ending October 24, 2025,
demonstrated a revenue increase
of 6.6%.
The successful quarter was led by its cardiovascular and diabetes segments, which have continued to triumph over competitors despite the overcrowded markets.
Medtronic’s cardiovascular portfolio revenue reached $3.436 billion, an increase of 10.8%, led by its cardiac rhythm & heart failure, structural heart & aortic, and coronary & peripheral vascular brands.
Medtronic’s PFA portfolio also led the company’s cardiac ablation solutions revenue to grow 71% worldwide, and 128% in the U.S. The quarter saw Medtronic’s strongest cardiovascular revenue growth in over a decade.
Q3 was just as successful for the company. Medtronic
achieved 8.7% revenue growth
during its third quarter of fiscal year 2026, reaching $9 billion to achieve its highest revenue growth in 10 quarters.
The company’s PFA portfolio led a 137% growth in the U.S. specifically, while its Cardiac Ablation Solutions segment grew by 80%.
The company also expanded its presence in the cath lab market, exercising its option to acquire CathWorks in a deal valued at up to $583 million. In January, it saw major clearance milestones for PFA, and the same month it invested $90M in Anteris Technologies for DurAVR TAVR device development.
“Our PFA trajectory is strong, and we're progressing on multiple billion-dollar opportunities. We're reinforcing our future pipeline, and we're committed to organic and inorganic investment to further bolster the portfolio. Bottom line, we are delivering,” Geoff Martha, Medtronic chairman and CEO, said in a prepared statement.