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, IMARC Group expects the global cardiac prosthetic devices 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 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.
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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Cardiac Prosthetic Devices Market 2021-2026 Competitive Analysis and Segmentation:
The competitive landscape of the global 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:
- St. Jude Medical Inc.
- Medtronic Inc.
- Siemens Healthcare GmbH
- Edwards Lifesciences Corporation
- Sorin Group
- Meril Life Sciences Pvt. Ltd.
- Abbott Laboratories
- Lepu Medical Technology Co. Ltd.
- Boston Scientific Corporation
The report has segmented the global cardiac prosthetic devices market on the basis of product type, end user and region.
Breakup by Product Type:
- Mechanical Valve
- Tissue Valve
- Stented Tissue Valve
- Stentless Tissue Valve
- Transcatheter Valve
- 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
Breakup by Region:
- North America
- Asia Pacific
- 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
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
- The Impact of COVID-19 on the Global Market
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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Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800