The cardiac prosthetic devices market refers to the medical devices used to replace or repair damaged or diseased heart valves, which include mechanical heart valves, tissue heart valves, and transcatheter heart valves. These devices are used to treat various heart conditions, such as aortic stenosis, mitral regurgitation, and congenital heart disease.
The global cardiac prosthetic devices market is expected to grow significantly in the coming years due to the increasing prevalence of cardiovascular diseases, technological advancements in the field of cardiac surgery, and the rising geriatric population. According to a report by Grand View Research, the global cardiac prosthetic devices market size was valued at $3.1 billion in 2020 and is expected to grow at a CAGR of 7.3% from 2021 to 2028.
Mechanical heart valves are the most commonly used prosthetic devices, and they offer durability and longevity. However, they require lifelong anticoagulation therapy, which can increase the risk of bleeding and other complications. Tissue heart valves, on the other hand, do not require anticoagulation therapy, but they have a limited lifespan.
Transcatheter heart valves are a newer type of cardiac prosthetic device that can be implanted without open-heart surgery. They are less invasive and have a shorter recovery time compared to traditional surgical procedures. The market for transcatheter heart valves is expected to grow significantly due to their increasing adoption in high-risk patients and the development of new technologies.
Overall, the cardiac prosthetic devices market is expected to continue to grow in the coming years due to the increasing prevalence of cardiovascular diseases and the development of new technologies that offer better patient outcomes and improved quality of life.
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Key findings of the Cardiac Prosthetic Devices market study:
· The report provides a present market outlook on Cardiac Prosthetic Devices. Additionally, the Cardiac Prosthetic Devices market share is anticipated to grow with a CAGR of 7.6% in the forecast period.
· Regional breakdown of the Cardiac Prosthetic Devices market based on predefined taxonomy.
· Innovative manufacturing processes implemented by Cardiac Prosthetic Devices vendors in detail.
· Region-wise and country-wise fragmentation of the Cardiac Prosthetic Devices market to grasp the revenue, and growth outlook in these areas.
· Changing preferences among consumers across various regions and countries.
· Factors (Positive and Negative) impacting the growth of the global Cardiac Prosthetic Devices market.
· Cardiac Prosthetic Devices price, market share, and Trends forecast for assessment period 2022-2027
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Cardiac Prosthetic Devices market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Cardiac Prosthetic Devices market including
CryoLife, Inc.
TTK Healthcare
Venus Medtech
Vitatron
Abiomed, Inc.
AtriCure, Inc.
Biotronik
Boston Scientific Corporation
Braile Biomedica
Abbott Laboratories
Edwards Lifesciences Corporation
Labcor Laboratrios
Lepu Medical Technology Co. Ltd.
Lifetech Scientific
Report benefits & key questions answered
· Cardiac Prosthetic Devices historical market outlook: the market intelligence survey report discloses the demand and sales projections of Cardiac Prosthetic Devices over the last forecast period 2016 to 2020.
· Post impact of covid on the Cardiac Prosthetic Devices market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Cardiac Prosthetic Devices, thus affecting the market growth.
· Cardiac Prosthetic Devices market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Cardiac Prosthetic Devices market to assist the businesses to formulate their strategies for expansion.
· Cardiac Prosthetic Devices category & segment level analysis: fact.mr's category & segment level analysis provides insights into Cardiac Prosthetic Devices sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
· Cardiac Prosthetic Devices company & brand share analysis: the report discloses the competitiveness of the Cardiac Prosthetic Devices market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
Cardiac Prosthetic Devices Industry Research Segments
· By Product Type :
Implantable Pacemakers
External Pacemakers
Transcatheter Heart Valves
Tissue Heart Valves
Mechanical Heart Valves
· By End User :
Hospitals
Specialty Centers
Ambulatory Surgical Centers
Others
· By Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa