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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.
Key players in the industry include Abbott Laboratories, Abiomed, AtriCure, Biotronik, Boston Scientific Corporation, CryoLife, Edwards Lifesciences Corporation, Labcor Laborat
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.
The pacemaker segment generated USD 5.7 million in 2024, driven by the rising incidence of arrhythmias, including bradycardia, atrial fibrillation, and heart block.
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.