Cardiac Prosthetic Devices Market
Cardiac prosthetic devices count prosthetic heart valves like tissue heart valves and mechanical heart valves with artificial heart, ventricular assist devices, tissue patches, defibrillator leads, pacemaker leads, and angioplasty rings.
Globalย Cardiac Prosthetic Devicesย Market: Drivers
Recognition and launch of new devices are likely to drive growth in the global cardiac prosthetic devices market in the foreseeable future. For example, the USFDA approved SynCardia Systems, LLC in March 2020 for its 50cc Temporary Total Artificial Heart (TAH) system as a heart transplant pool.
Globalย Cardiac Prosthetic Devicesย Market: Opportunities
The development of devices with anti-fouling biomaterials is likely to provide beneficial growth opportunities for players in the global cardiac prosthetic devices market. The anti-fouling properties of poly (ethylene glycol), oligo (ethylene glycol) and zwitronic species limit the ability of microorganisms to stick to the surface of transplanted prostheses and form biofilm.
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Globalย Cardiac Prosthetic Devicesย Market: Restraints
Strict approval process for medical devices is likely to hamper market growth. In the US, for example, cardiac prosthetic devices such as heart valves and pacemakers are classified as Class III high-risk medical devices. Therefore, strict safety and efficacy tests are performed before these devices are approved. Furthermore, these devices require pre-market approval, which is an expensive and lengthy process.
Globalย Cardiac Prosthetic Devicesย Market: Key Takeaways
The size of the global cardiac prosthetic devices market was estimated to be consideringย US$ 5,290.0 Millionย in 2019 and during estimated period (2020-2027) it is estimated to witness a value ofย US$ 10,395.9 Million at a CAGR ofย 8.8%. The global cardiac prosthetic devices market is likely to grow in the estimated period due to increasing product approvals and the launch of new equipment.
The pacemaker segment leads the global cardiac prosthetic devices market in 2019, considering 66.4% in terms of value. The growing incidence and prevalence of cardiovascular disease in developing and developing economies is likely to contribute to the growth of the sector.
Globalย Cardiac Prosthetic Devicesย Market: Market Trends
Rising rates of diabetes are likely to increase the global market growth for cardiac prosthetic devices. For example, as per the study, “Global and regional diabetes incidence estimates for 2019 and estimates for 2030 and 2045: results of the International Diabetes Federation Diabetes Atlas, 9th edition”, were published in September 2019 in the journal Diabetes Research and Clinical Practice, 463 million people globally are likely to affect from diabetes in 2019 and this number is likely to witness 578 million and 700 million by 2030 and 2045 respectively.
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The market is looking at clinical trials to evaluate the safety and efficiency of cardiac prosthetic devices. For example, The Cardiac and Vascular Institute, USA announced the successful implementation of the PROMISE II critical study of the lymph flow percutaneous deep vein arterialization system in February 2020, for the treatment of “no choice” chronic limb-threatening ischemia.
Globalย Cardiac Prosthetic Devicesย Market: Key Developments
August 2019: AtriCure, Inc. acquires SentreHEART, Inc., a private developer of percutaneous left atrial appendage management solutions.
April 2020: Microport Scientific Corporation announces that it has completed a new round of funding based on a pre-money valuation of US$ 1.1 billion by Microport Cardioflo Medtech Corporation, a subsidiary of Microport.
Globalย Cardiac Prosthetic Devicesย Market: Competitive Landscape
Key players performing in the global cardiac prosthetic devices market are Vitatron, Venus Medtech, TTK Healthcare, Shree Pacetronix, MicroPort Scientific, Meril Life Sciences, Medtronic plc, LivaNova, Lifetech Scientific, Lepu Medical, Labcor Laboratrios, CryoLife Inc., Braile Biomedica, BIOTRONIK, Edward Lifesciences Corporation, Boston Scientific Corporation, AtriCure Inc., Abiomed Inc., and Abbott Laboratories.
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๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/promo/buynow/3862
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Country
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Product launch
- PEST Analysis
- Technological Advancements
- Regulatory Scenario
- Mergers and Acquisitions
- Market Dynamics
- Global Cardiac Prosthetic Devices Market, By Product Type, 2019 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Heart Valves
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Mechanical Heart Valves
- Tissue Heart Valves
- Transcatheter Heart Valves
- Pacemaker
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Implantable Pacemaker
- External Pacemaker
- Introduction
- Global Cardiac Prosthetic Devices Market, By End User, 2019 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Hospital
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Specialty Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/cardiac-prosthetic-devices-market-3129
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