Cardiac Prosthetic Devices Market Size, Companies Share, Growth, Opportunities and Competitive Outlook 2021-2026

According to the latest report by IMARC Group, titled “Cardiac Prosthetic Devices Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026”, the global cardiac prosthetic devices market reached a value of US$ 5.4 Billion in 2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of 8.6% during 2021-2026.

Cardiac prosthetic devices are artificial devices implanted temporarily or permanently for supporting the proper functioning of damaged heart tissues. They are also used for maintaining blood flow, preventing blockage in arteries and improving the overall quality of life in patients. Some of the commonly utilized cardiac prosthetic devices include pacemakers, ventricular assist devices, defibrillators, annuloplasty rings and heart valves.

On account of the sedentary lifestyles and unhealthy dietary patterns, there is an increase in the prevalence of cardiovascular diseases (CVDs) and other heart ailments, such as coronary artery disease (CAD). This represents one of the significant factors bolstering the growth of the cardiac prosthetic devices market. Moreover, advancements in heart valve replacement devices and the introduction of compact-sized pacemakers are impelling the market growth. Other factors, such as the rising trend of minimally invasive surgery (MIS), growing geriatric population and extensive research and development (R&D) activities, are expected to drive the market further in the coming years.

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Cardiac Prosthetic Devices Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the cardiac prosthetic devices market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Siemens Healthcare GmbH
Sorin Group
St. Jude Medical Inc.
Biotronik
Medtronic Inc.
Boston Scientific Corporation
Meril Life Sciences Pvt. Ltd.
Abbott Laboratories
Lepu Medical Technology Co. Ltd.
Edwards Lifesciences Corporation

The report has segmented the global cardiac prosthetic devices market on the basis of region, product type and end user.

Breakup by Product Type:
Valves:
Mechanical Valve
Tissue Valve
Stented Tissue Valve
Stentless Tissue Valve
Transcatheter Valve

Pacemakers:

Implantable Pacemakers
Single-Chamber Battery Pacemaker
Dual-Chamber Battery Pacemaker
Triple-Chamber Battery Pacemaker

External Pacemakers

Breakup by End-User:
Hospitals, Clinics and Cardiac Centers
Ambulatory Surgical Centers
Others

Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Explore full report with table of contents: https://www.imarcgroup.com/cardiac-prosthetic-devices-market

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
Historical, Current and Future Trends
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

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

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.