Discover trends, market shifts, and competitive outlooks for the cardiac prosthetic devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Has The Cardiac Prosthetic Devices Market Size Shifted, And What Is the Outlook Through 2034?

In recent times, the market size for cardiac prosthetic devices has seen a quick expansion. It is projected to surge from $8.2 billion in 2024 to reach $9.15 billion in 2025, representing a compound annual growth rate (CAGR) of 11.5%. Factors contributing to the growth observed in the historic period include an aging population more susceptible to cardiovascular diseases, an increase in cardiovascular disease cases, advancements in surgical procedures, heightened awareness of cardiac health among patients and healthcare providers, and government policies and financing that favor cardiovascular health initiatives.

In the coming years, the market for cardiac prosthetic devices is projected to experience accelerated growth, expected to reach $13.97 billion in 2029, with a compound annual growth rate (CAGR) of 11.2%. The predicted growth within this period can be linked to several factors such as the rising senior population susceptible to heart diseases, enhanced healthcare services and devices, favorable insurance and reimbursement schemes, a greater preference among patients for sophisticated treatment options, and an increased incidence of heart conditions related to lifestyle habits. Key trends within the forecast period encompass the creation of smaller, optimally effective cardiac prosthetic devices for less invasive procedures, innovative biocompatible materials, their amalgamation with wearable technology, upgrading battery technology, and the application of 3D printing technology.

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What Are the Core Growth Drivers Propelling the Cardiac Prosthetic Devices Market Forward?

The cardiac prosthetic devices market is anticipated to grow due to the increasing incidence of cardiovascular diseases. Cardiovascular diseases, which include coronary artery disease, heart attacks, and strokes among other conditions, typically affect the heart and blood vessels. These diseases are commonly the result of unhealthy lifestyles, obesity, a poor diet, lack of exercise, high stress, and an aging population. Cardiac prosthetic devices play a crucial role in managing these diseases by either supporting or replacing the function of the heart or its various components. As an example, in January 2024, the British Heart Foundation, a cardiovascular research charity based in the UK, reported that nearly 7.6 million people in the UK are suffering from heart and circulatory diseases. Among those affected, 4 million are men and 3.6 million are women. These diseases cause roughly 27% of deaths in the UK, which amounts to over 170,000 deaths each year, or approximately 480 deaths every day, meaning one person dies every three minutes. Consequently, these high rates of cardiovascular diseases are fueling the expansion of the cardiac prosthetic devices market.

What Segment Types Define the Cardiac Prosthetic Devices Market Structure?

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 Geographic Areas Hold the Strongest Growth Potential in the Cardiac Prosthetic Devices Market?

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.

What Are the Current Market Growth and Trends in the Cardiac Prosthetic Devices Industry?

Prominent firms active in the cardiac prosthetic device market are prioritizing the formulation of groundbreaking technologies, like transcatheter pacing systems. Their goal is to augment cardiac function, decrease the invasiveness of procedures, and boost patient results in heart rhythm disorder treatment. The transcatheter pacing system is a slightly invasive device introduced through a catheter to control the heart’s electrical activity, eliminating the need for external cables or surgery. To illustrate, Medtronic plc, a medical device corporation based in Ireland, unveiled the Micra AV Transcatheter Pacing System in January 2022. This small and minimally invasive device aims to manage bradycardia or slow heart rate. The Micra AV TPS is equipped with cutting-edge technology to align pacing with the heart’s natural rhythm promising accurate and consistent pacing for patients with bradycardia. Its small size, internal battery, and remote tracking capabilities enhance its life expectancy and equip healthcare providers to monitor the device’s functionality and patient results more proficiently.

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What Is the Definition of the Cardiac Prosthetic Devices Market?

Cardiac prosthetic devices are medical devices designed to support or replace the heart’s function or its components. These devices treat various cardiac conditions and are essential in managing patients with heart failure or structural heart problems.

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