Cardiac Prosthetic Devices Market Size, Share, Structure, Demands, Challenges and Opportunities by 2026

According to IMARC Group's latest report, titled "Cardiac Prosthetic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global cardiac prosthetic devices market reached a value of US$ 5.4 Billion in 2020. Looking forward, the market is expected to reach a value of US$ 8.9 Billion by 2026, expanding at a CAGR of 8.60% 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

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 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 global cardiac prosthetic devices market further in the coming years.

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

Competitive Landscape With Key Players:

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:

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

Key Market Segmentation:

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

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
Others

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

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Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
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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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.