Cardiac Prosthetic Devices Market - Industry Analysis, Market Size , Market Research Report by Arizton, Forecast 2025

The global cardiac prosthetic devices market is expected to grow at a significant rate during the forecast period. The growing incidence of arrhythmia caused by arterial fibrillation (AF), structural heart diseases, especially heart valve diseases worldwide, is the major factor contributing to the growth. As the occurrence of AF in the general population in developed countries is between 1.5% and 3%, and in the elderly population around 20%, the market is likely to increase its market share considerably. Moreover, the prevalence of several valvular disorders such as aortic stenosis (AS), mitral regurgitation, pulmonary stenosis, tricuspid regurgitation, and congenital heart defects has increased at a significant rate over the past few years globally.

Global Cardiac Prosthetics Devices Market : Key Highlights

The demand for implantable cardiac prosthetic devices is expected to witness the highest incremental growth of $10 billion during the forecast period.

Vendors are likely to focus on developing leadless cardiac pacemaker devices as well as transcatheter mitral valve replacement products to increase the effectiveness of these products.

The demand for technically advanced prosthetics devices is likely to be increased at a significant rate in the coming years worldwide due to the continuous focus on technological advances and improvements, which include MRI-conditional pacemakers and transcatheter replacement devices.

While North America, especially the US, is likely to dominate the market during the forecast period, APAC is expected to grow at the fastest rate.

According to Arizton's report the cardiac prosthetic devices market is expected to grow at a CAGR of over 14% during the period 2019-2025.

The following factors are likely to contribute to the growth of the cardiac prosthetic devices market during the forecast period:

Arrival of Leadless Cardiac Pacemakers

High Growth Potential of Transcatheter Mitral Valve Replacement Devices

The emergence of Next-generation Heart Valve Replacement Devices

Rise in Strategic Acquisitions

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The study considers the present scenario of the cardiac prosthetic devices market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Key Vendors

Medtronic
Boston Scientific
Abbott
Edwards Lifesciences
BIOTRONIK

Other Vendors

Braile Biomédica
Braile Biomédica
CryoLife
Labcor Laboratórios
Lepu Medical
Lifetech Scientific
LivaNova
MicroPort Scientific
Meril Life Sciences
MEDICO
Shree Pacetronix
TTK Healthcare
VENUS MEDTECH
Vitatron

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Market Segmentation by Products

Cardiac Peacemakers
Conventional Cardiac Peacemakers
Cardiac Resynchronization Therapy Peacemakers (CRT-Ps)
Heart Valve Replacement Devices
Transcatheter Heart Valves
Tissue Heart Valves
Mechanical Heart Valve

Market Segmentation by End-user

Hospitals
Specialty Cardiac Centers
ASCs

Market Segmentation by Geography

Europe
Spain
Germany
Italy
France
UK
North America
US
Canada
APAC
South Korea
China
Japan
Australia
India
Latin America
Brazil
Argentina
Mexico
MEA
Turkey
Saudi Arabia
South Africa

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About Arizton Advisory & Intelligence
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