Cardiac Prosthetic Devices Market to Get a New Boost
The cardiac prosthetic devices market refers to the industry segment focused on the development, production, and distribution of devices used to replace, support, or enhance the function of the heart and its components. These devices are essential in the treatment of various cardiovascular conditions and heart diseases.
Some of the key players profiled in the study are Medtronic (United States), Abbott Laboratories (United States), Edwards Lifesciences Corporation (United States), Boston Scientific Corporation (United States), Cardiac Assist, Inc. (United States), Biotronik SE & Co. KG (Germany), Terumo Corporation (Japan), Wright Medical Group N.V. (United States), JenaValve Technology, Inc. (Germany), MValve Technologies (France). Additionally, other players that are part of this detailed analysis are Airtech International plc (United Kingdom), ReliantHeart, Inc. (United States), MicroPort Scientific Corporation (China), Others.
According to HTF Market Intelligence, the Global Cardiac Prosthetic Devices market to witness a CAGR of 6.8% during forecast period of 2025-2031. Global Cardiac Prosthetic Devices Market Breakdown by Application (Coronary Artery Disease, Heart Valve Disease, Heart Failure, Arrhythmias, Congenital Heart Defects, Cardiac Surgery, Electrophysiology) by Type (Heart Valves, Ventricular Assist Devices (VADs), Total Artificial Hearts, Cardiac Pacing Devices, Implantable Cardioverter Defibrillators (ICDs), Stents, Vascular Grafts) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2020 to 2024E. Currently, market value is pegged at USD 6.7 Billion.
Market Drivers:
- Increasing prevalence of cardiovascular diseases.
- Advancements in cardiac prosthetic technologies.
Market Opportunities:
- Development of minimally invasive and bioresorbable devices.
- Expansion in emerging markets with rising healthcare access.
Market Challenges:
- High R&D and regulatory approval costs.
- Market competition from established medical device companies.
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