The global cardiac prosthetic devices market will exhibit a growth at the rate of 9.3% CAGR during 2018 to 2026.
While cardiac diseases are on the rise due to many issues including genetic and lifestyle disorder, the cardiac valve dysfunction is the most common which would amplify the cardiac prosthetic devices market over the years.
ResearchMoz puts forth a detailed report and insights into the cardiac prosthetic devices market inclusive of market size, opportunities, growth drivers, trends, challenges, and competitive edge.
Technology to Uphold Cardiac Prosthetic Devices Market
Cardiac surgeries are no more the hardest and traditional which puts surgeons and patients at high stress. The researchers are always focusing on innovative product development using technology and leveraging its benefits. One such technology led the engineers and researchers to come up with Bionic Heart also known as ‘Biorobotic Hybrid Heart’ which acts as a real biological heart which removes the issues such as valve leakage prevalent in traditional devices. This device is also said to reduce the cost of device development, thus amplifying the market for cardiac prosthetics.
Mitral Valve Insufficiency to Bolster Demand for Cardiac Prosthetic Devices
American College of Cardiology says, around 4 million patients suffer from mitral valve disorder leading to demand for cardiac prosthetic devices. This trend would continue in the coming years. Alternatively, many benefits such as calcifications preventions, free from infections, etc would also make them preferred devices, resulting in boost in demand in the coming years.
Growing cases of abnormal heart rhythm in paediatric cases to accelerate the growth possibilities further.
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Analysts Views
Technology lays a strong foundation for the cardiac prosthetic devices market and the best example to cite here is ‘Bionic Heart’ which has the capabilities to overcome the challenges faced in the conventional devices. Increasing research and development and government support is providing the much backbone for the market to grow exponentially in the coming years.
In the age of technology, robotic surgeries are gaining traction, the surgeon uses robotic tools for precision and minimally invasive giving utmost comfort to the patients. The trend of robotic surgeries would amplify the global cardiac prosthetic devices market over the next few years, opines ResearchMoz
Voluminous Heart Replacements to Upsurge North America
So far North America led the global cardiac prosthetic devices market due to prevailing cases of cardiovascular diseases. This region will continue its dominance in the global market as compared to other regions. The growth in the region can be accounted to volume of patients undergoing valve replacement surgeries.
Asia Pacific will emerge as growing market as it continues to grow significantly during the forecast years. The growth of Asia Pacific will be primarily due to rising number of transcatheter aortic valve replacement surgeries. Also, the growth can be accounted to rising lifestyle diseases that leads to range of cardiovascular diseases.
Competitive Landscape
ResearchMoz in its report enunciates the details of competitive edge of the global cardiac prosthetic devices market. The report explains about the prevailing competition and various innovative strategies adopted by the market players to thrive in the global arena.
These market players get a grip over the market through product innovation, acquisition, mergers, etc.
These market players in the cardiac prosthetic devices market are –
- Medtronic, Inc.
- Boston Scientific Corporation
- Abbott Vascular
- Sorin Group
- Boston Scientific Corporation
- Jude Medica
- Siemens Healthcare GmbH
Product Outlook (Revenue, USD Million)
- Heart 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 pacemaker
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Table Of Content
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4. Global Cardiac Prosthetic Devices Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Cardiac Prosthetic Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Product Outlook
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Product Outlook, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Product Outlook, 2022-2032
5.3.1. Heart valves
5.3.2. Mechanical valve
5.3.3. Tissue valve
5.3.3.1. Stented tissue valve
5.3.3.2. Stentless tissue valve
5.3.4. Transcatheter valve
5.3.5. Pacemakers
5.3.6. Implantable pacemakers
5.3.6.1. Single-Chamber Battery Pacemaker
5.3.6.2. Dual-Chamber Battery Pacemaker
5.3.6.3. Triple-Chamber Battery Pacemaker
5.3.6.4. External pacemaker
5.4. Y-o-Y Growth Trend Analysis By Product Outlook, 2017-2021
5.5. Absolute $ Opportunity Analysis By Product Outlook, 2022-2032
6. Global Cardiac Prosthetic Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
6.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. East Asia
6.3.5. South Asia
6.3.6. Oceania
6.3.7. MEA
6.4. Market Attractiveness Analysis By Region
Continue…
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