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Cardiac Prosthetic Devices Market Trends

Report ID: GMI1965 Published Date: November 2024Report Format: PDF
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Cardiac Prosthetic Devices Market Trends

The market is experiencing several market trends that are shaping its growth and development. Factors such as increasing adoption of transcatheter heart valve devices, development of durable and biocompatible materials, growing focus on hybrid prosthetic devices, and rising demand for AI and machine learning for improved device design, among other factors, are boosting industry growth.

  • There is a growing demand for minimally invasive procedures, such as transcatheter heart valve replacement and transcatheter mitral valve repair (TMVR). These methods are less invasive than traditional open-heart surgery, reduce recovery time, and are particularly suited for high-risk or elderly patients who may not be candidates for open surgery.
  • Additionally, integration of cardiac prosthetics with wearable heart monitoring devices is emerging as a trend. By syncing with patient monitoring systems, prosthetic devices can transmit real-time data, allowing healthcare providers to monitor device performance and patient heart health, and intervene when necessary. These factors are expected to drive the market.
Author: Mariam Faizullabhoy , Gauri Wani
Frequently Asked Question(FAQ) :

Who are some of the prominent players in the cardiac prosthetic devices industry?+

Key players in the industry include Abbott Laboratories, Abiomed, AtriCure, Biotronik, Boston Scientific Corporation, CryoLife, Edwards Lifesciences Corporation, Labcor Laborat

How much is the North America cardiac prosthetic devices industry worth?+

The North America cardiac prosthetic devices market recorded USD 3.7 billion in 2024 and is anticipated to grow at a CAGR of 7.7% between 2025 and 2034, led by a high burden of cardiovascular diseases and contributing lifestyle factors.

Why is the use of pacemakers rising?+

The pacemaker segment generated USD 5.7 million in 2024, driven by the rising incidence of arrhythmias, including bradycardia, atrial fibrillation, and heart block.

How big is the cardiac prosthetic devices market?+

The global cardiac prosthetic devices industry was valued at USD 8.6 billion in 2024 and is expected to grow at a CAGR of 8.4% from 2025 to 2034, driven by continuous technological advancements in medical devices.

Cardiac Prosthetic Devices Market Scope

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