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What is the Expected Growth Rate of the Cardiovascular Implants Market from 2024 to 2033?

The cardiovascular implants market has grown considerably, projected to reach $26.8 billion in 2024 from $24.81 billion in 2023 at a CAGR of 8.0%. Key growth factors include aging-related cardiovascular risks, lifestyle factors, diagnostic advancements, and government health initiatives.

The cardiovascular implants market is projected to grow strongly, reaching $34.59 billion by 2028 at a CAGR of 6.6%. Growth is driven by personalized medicine, minimally invasive procedures, global cardiovascular research collaboration, and preventive healthcare policy emphasis. Trends include advancements in drug-eluting stents, next-generation heart valves, AI integration, minimally invasive implantation techniques, personalized implants, and leadless pacemaker development.

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What Key Factors Are Fueling the Growth of the Cardiovascular Implants Market?

The rising prevalence of heart disorders is projected to propel the growth of the cardiovascular implants market. Heart disorders, including coronary artery disease and heart failure, increase the demand for cardiovascular implants, such as stents and pacemakers. These implants help manage heart conditions by supporting circulation and monitoring heart rhythm. In April 2023, the British Heart Foundation reported 17,639 deaths from heart and circulatory illnesses in Scotland in 2021, up from 17,448 in 2020. As a result, the rising prevalence of heart disorders is expected to drive the growth of the cardiovascular implants market.

What Are the Major Segments of the Cardiovascular Implants Market?

1) By Product: Coronary Stent, Implantable Cardioverter Defibrillator (ICD), Heart Valve, Implanted Cardiac Pacemaker, Cardiac Resynchronization Therapy (CRT) Devices, Peripheral Stent

2) By Material: Metals and Alloys, Polymers, Biological Materials

3) By Application: Arrhythmias, Acute Myocardial Infarction, Myocardial Ischemia, Other Applications

4) By End-Users: Hospitals, Ambulatory Surgical Centers, Cardiac Centers

What New Trends Are Transforming the Cardiovascular Implants Market?

Leading companies in the cardiovascular implants market are adopting advanced artificial intelligence (AI) technologies to enhance patient care and improve treatment precision. For instance, in June 2023, BIOTRONIK SE & Co. KG, a Germany-based medical technology company, introduced its BIOMONITOR IV implantable cardiac monitor (ICM). This ICM combines SmartECG technology and AI to reduce false-positive detections by 86%, while retaining 98% of real episodes. The device also features a long battery life and wireless connectivity for smooth data transmission and remote monitoring, reducing the need for in-person visits.

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Which Regions Are Driving Growth in the Cardiovascular Implants Market?

North America was the largest region in the cardiovascular implants market in 2023. The regions covered in the cardiovascular implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Cardiovascular Implants Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the cardiovascular implants market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Cardiovascular Implants Market Include

1. Cardiovascular Implants Market Executive Summary

2. Cardiovascular Implants Market Segments

3. Cardiovascular Implants Market Size And Template Market Growth Rate

4. Key Cardiovascular Implants Market Trends

5. Major Cardiovascular Implants Market Drivers

……

25. Key Mergers And Acquisitions In The Cardiovascular Implants Market

26. Top Cardiovascular Implants Companies

27. Cardiovascular Implants Market Opportunities And Strategies

28. Cardiovascular Implants Market, Conclusions And Recommendations

29. Appendix

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