The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The cardiac prosthetic devices market has seen rapid growth recently, with its size increasing from $7.40 billion in 2023 to $8.20 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. This growth is driven by factors such as the increasing elderly population with a higher prevalence of cardiovascular diseases, rising incidence of these diseases, improved surgical techniques, greater awareness among patients and healthcare providers about cardiac health, and supportive government policies and funding for cardiovascular health programs. Looking ahead, the market is expected to continue expanding rapidly, reaching $12.56 billion by 2028 with a CAGR of 11.3%. This anticipated growth can be attributed to the increasing elderly population prone to cardiovascular diseases, heightened spending on healthcare services and devices, favorable insurance and reimbursement scenarios, increased patient preference for advanced treatment options, and a higher prevalence of lifestyle-related heart conditions. Major trends anticipated during the forecast period include the development of smaller, more efficient cardiac prosthetic devices for minimally invasive procedures, advancements in biocompatible materials, integration with wearable technology, improvements in battery technology, and the use of 3D printing technology.

The prevalence of cardiovascular diseases is expected to drive the growth of the cardiac prosthetic devices market. Cardiovascular diseases (CVDs), which include disorders such as coronary artery disease, heart attacks, and strokes, are largely attributed to unhealthy lifestyles, high obesity rates, poor diets, lack of physical activity, high-stress levels, and an aging population. Cardiac prosthetic devices are crucial for managing these diseases by supporting or replacing the heart’s function or its components. For instance, in December 2022, the Office for National Statistics reported that 3.6 million people in the UK had a cardiovascular ailment, accounting for 6.4% of the population, while 3.7 million had a respiratory disease, representing 6.8%. Additionally, 6.6 million individuals had either cardiovascular or respiratory conditions, making up 12.1% of the population. Therefore, the prevalence of cardiovascular diseases is driving the growth of the cardiac prosthetic devices market.

Get A Free Sample On The Cardiac Prosthetic Devices Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18283&type=smp

What Are The Key Trends That Influence Cardiac Prosthetic Devices Market Share Analysis?
Major companies operating in the cardiac prosthetic devices market are focused on developing innovative technologies, such as transcatheter pacing systems, to enhance cardiac function, reduce procedural invasiveness, and improve patient outcomes in managing heart rhythm disorders. A transcatheter pacing system is a minimally invasive device implanted via a catheter to regulate the heart’s electrical activity without needing external wires or surgery. For instance, in January 2022, Medtronic plc, an Ireland-based medical device company, launched the Micra AV Transcatheter Pacing System, a compact and minimally invasive device designed to address bradycardia (slow heart rate). The Micra AV TPS is designed to provide precise and reliable pacing for patients with bradycardia, incorporating advanced technology to synchronize pacing with the heart’s natural rhythm. Its compact size and internal battery contribute to a longer lifespan, while the remote monitoring capabilities enable healthcare providers to track the device’s performance and patient outcomes more effectively.

How Is The Global Cardiac Prosthetic Devices Market 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

Read The Full Cardiac Prosthetic Devices Market Report Here:
https://www.thebusinessresearchcompany.com/report/cardiac-prosthetic-devices-global-market-report

The Cardiac Prosthetic Devices Global Market Report 2024 provides an overview of the cardiac prosthetic devices market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cardiac prosthetic devices market forecast analyzes cardiac prosthetic devices market size, cardiac prosthetic devices market share, leading competitor and their market positions.

The Table Of Content For The Cardiac Prosthetic Devices Market Include:

Explore Similar Reports From The Business Research Company:
Cardiac AI Monitoring And Diagnostics Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/cardiac-ai-monitoring-and-diagnostics-global-market-report

Cardiac Arrhythmia Monitoring Devices Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/cardiac-arrhythmia-monitoring-devices-global-market-report

Cardiac Assist Devices And Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/cardiac-assist-devices-and-equipment-global-market-report

Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: