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Cardiac Prosthetic Devices Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Cardiac Prosthetic Devices Market
What Is the Current Cardiac Prosthetic Devices Market Size and Its Estimated Growth Rate?
The cardiac prosthetic devices market has grown quickly in recent years. It is projected to grow from $8.2 billion in 2024 to $9.15 billion in 2025, with a CAGR of 11.5%. This expansion is attributed to an aging population with a higher prevalence of cardiovascular diseases, improved surgical techniques, increasing awareness, and supportive government policies.
The cardiac prosthetic devices market is set to grow to $13.97 billion by 2029, at a CAGR of 11.2%. The growth is driven by the rising elderly population prone to cardiovascular diseases, increased healthcare spending, favorable insurance and reimbursement, higher patient preference for advanced treatments, and a rise in lifestyle-related heart conditions. Major trends include smaller and more efficient devices for minimally invasive procedures, biocompatible materials, integration with wearable technology, improved battery technology, and 3D printing in prosthetics.
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How Are Emerging Segments Shaping the Cardiac Prosthetic Devices Market Landscape?
The cardiac prosthetic devices market covered in this report is segmented -
1) By Type: Valves, Pacemakers
2) By Applications: Surgery, Research
3) By End User: Hospitals, Clinics Or Cardiac Centers, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Valves: Mechanical Valves, Tissue Valves, Transcatheter Heart Valves
2) By Pacemakers: Single-Chamber Pacemakers, Dual-Chamber Pacemakers, Biventricular Pacemakers
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Which Growth Factors Are Influencing Cardiac Prosthetic Devices Market Expansion?
The rise in cardiovascular diseases is expected to propel the growth of the cardiac prosthetic devices market. Cardiovascular diseases (CVDs), which affect the heart and blood vessels, are becoming more widespread due to unhealthy lifestyles, obesity, poor diets, and aging populations. Cardiac prosthetic devices help manage these conditions by supporting or replacing heart functions. For instance, the British Heart Foundation reports that around 7.6 million people in the UK are affected by heart and circulatory diseases. With cardiovascular diseases causing over 170,000 deaths annually in the UK, the prevalence of these diseases is driving the demand for cardiac prosthetic devices.
Who Are the Dominant Players Across Different Cardiac Prosthetic Devices Market Segments?
Major companies operating in the cardiac prosthetic devices market are Abbott Laboratories, Medtronic plc, Siemens Healthcare GmbH, Boston Scientific Corporation, Laboratory Corporation of America Holdings, Terumo Corporation, Edwards Lifesciences Corporation, BIOTRONIK SE & Co. KG, Lepu Medical Technology (Beijing) Co. Ltd., Hansen Medical Inc., Abiomed Inc., LivaNova PLC, Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, ATRICURE INC., CryoLife Inc., LifeTech Scientific Corporation, TTK Healthcare Limited, Venus Medtech (Hangzhou) Inc., Braile Biomedica, Kawasumi Laboratories Inc., St. Jude Medical Inc., Sorin Group, Aortic Innovations Inc., Mic Pacetronixro
What Are the Latest Developing Trends in the Cardiac Prosthetic Devices Market?
Companies in the cardiac prosthetic devices market are focusing on innovative technologies like transcatheter pacing systems to improve cardiac function and patient outcomes. These devices regulate the heart's electrical activity with minimal invasiveness. In January 2022, Medtronic launched the Micra AV Transcatheter Pacing System, a compact device for treating bradycardia. The device's internal battery and remote monitoring capabilities ensure long-term patient care and better outcomes.
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Which Geographic Regions Are Expected to Dominate the Cardiac Prosthetic Devices Market in the Coming Years?
North America was the largest region in the cardiac prosthetic devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiac prosthetic devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cardiac Prosthetic Devices Market?
2. What is the CAGR expected in the Cardiac Prosthetic Devices Market?
3. What Are the Key Innovations Transforming the Cardiac Prosthetic Devices Industry?
4. Which Region Is Leading the Cardiac Prosthetic Devices Market?
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