Global Market Insights, Inc. - logo

Cardiac Prosthetic Devices Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, China, India, Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Report ID: GMI1965

Inquiry Before Buying   Table of Contents

Cardiac Prosthetic Devices Market size is projected to experience significant growth from 2017 to 2024.
 

Increasing prevalence of cardiovascular disease is one of the foremost factor driving cardiac prosthetic devices market size over the forecast period. As per the Centers for Disease Control and Prevention (CDC), about 610,000 people are stated to die annually in the U.S. due to cardiovascular diseases. CDC also reported, that each year about 735,000 Americans suffered from a heart attack. Of them, 210,000 cases occur in people who have already suffered a heart attack and 525,000 have a first heart attack.
 

Disorders like cardiac valve failure and stroke lead to high mortality rates, that will positively impact the market, thereby, boost demand for valve replacement devices and pacemakers. Stroke is reported to be one of the most commonly occurring major cardiovascular disorder amongst the geriatric population that causes acute prosthetic heart failure. Factors such as need of repetitive surgeries and high cost of implantation can restraint the business growth.
 

Geriatric population play pivotal role in the growing demand for cardiac prosthetic devices. They are more likely to develop degenerative cardiac diseases, which is expected to positively impact the cardiac prosthetic devices market size. Risk of cardiovascular diseases is estimated to rise with increasing baby boomers population.
 

Growing incidence of heart attack due to stroke and other chronic cardiovascular disorders is projected to result in significant growth of the pacemaker segment. Moreover, introduction of technologically advanced products is anticipated to further drive industry growth over the forecast period.
 

Heart valve replacement devices are highly effective for cardiovascular diseases, due to its benefits in patients suffering from extensive congenital malformation, calcification, or infection.  Transcatheter heart valve replacement will gain significant growth over the forecast period owing to its less invasive nature compared to alternative surgical procedures. The replacement device is considered as a highly potent alternative for patients at greater risk from the standard valve replacement surgery.
 

Mechanical valves should foresee a substantial growth owing to the lifelong solution for the patient due to the durable raw materials used in manufacturing. Moreover, polymeric materials are widely used as raw materials, that minimize the clinical problems associated with mechanical valves. There is lesser requirement for repetitive surgeries with this type of valve.
 

U.S. cardiac prosthetic devices market led the regional segment due to increasing awareness levels among the affected population. The American Heart Association is focusing on cardiovascular disease prevention through promotion of positive health. The prevalence of cardiovascular diseases is higher among the children and young adults in U.S. owing to their unhealthy lifestyle. Asia Pacific will show significant growth over the forecast timeframe. The growth is mainly attributed to increased prevalence of target diseases in this region, which in turn is raising the mortality rate.
 

Some of the companies operating include Medtronic, Sorin Group, Boston Scientific, Siemens Healthcare, Edwards Lifesciences, St. Jude Medical and Abbott Vascular. Most of the companies are focusing on technological advancements and increasing safety of the cardiac prosthetic devices, this will increase demand for such products. The companies are also focusing on new product development, geographical expansion, and mergers & acquisitions. For instance, in 2016, St. Jude Medical launched Trifecta Valve with Glide Technology in the U.S. that utilize advanced technology, which is further expected to foster the industry growth.
 


What Information does this report contain?

What was the historic market data from 2013 to 2016, what is the industry growth forecast from 2017 to 2024?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security

Connect with our sales team