Cardiac Implants Market to Hit USD 80.67 Bn by 2032 | Cardiovascular Disease Prevalence & Technological Advancements

"The Cardiac Implants Market is increasing prevalence of cardiovascular diseases, advancements in implant technology and improved healthcare access & awareness"

AUSTIN, TX, UNITED STATES, December 12, 2024 /EINPresswire.com/ -- The Cardiac Implants Market size was valued at USD 37.99 billion in 2023 and is expected to reach USD 80.67 billion by 2032, growing at a CAGR of 8.73% during the forecast period from 2024 to 2032.

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Key Players Listed in Cardiac Implants Market Are:

•BIOTRONIC SE
•Abbott Laboratories
•AMG International Braun Melsungen Ag
•Johnson & Johnson Services Inc
•W L Gore & Associates Inc
•Medtronic Private Limited
•Boston Scientific Corporation
•Sorin Corporation and Others.

Growth and Innovation in the Cardiac Implants Market: Advancements in Patient Care and Treatment Options

The cardiac implants market has seen significant growth, driven by technological advancements that enhance patient outcomes and expand the use of devices like stents, pacemakers, and heart valves. These implants address various cardiovascular conditions, such as arrhythmias, heart valve diseases, and coronary artery blockages. As cardiovascular diseases remain a leading cause of mortality worldwide, healthcare systems are increasingly focused on delivering advanced treatments to improve patients' quality of life. Notable innovations, such as drug-eluting stents and bioresorbable devices, have transformed the treatment of coronary artery diseases by improving device effectiveness and reducing complications, fostering greater adoption of these implants. Additionally, the aging population, rising life expectancy, and growing awareness of heart disease are contributing to a heightened demand for early intervention and life-saving cardiac solutions. As healthcare systems evolve and technologies advance, the cardiac implants market is experiencing rapid expansion.

Recent technological advancements in cardiac implants, including minimally invasive procedures, bioresorbable stents, and next-generation pacemakers, enhance treatment effectiveness, reduce complications, and expand options for patients with arrhythmias

Recent technological advancements in cardiac implants have significantly enhanced their effectiveness and accessibility. Innovations such as minimally invasive procedures allow for smaller incisions, reducing recovery times and complications, while bioresorbable stents offer a temporary solution that dissolves after fulfilling its purpose, eliminating the need for removal surgery. Next-generation pacemakers are now more compact and efficient, providing better pacing and monitoring capabilities with fewer side effects. Additionally, implantable devices that monitor and regulate heart rhythms have expanded treatment options for patients with arrhythmias, offering real-time adjustments to heart activity. These breakthroughs have improved patient outcomes by enhancing the precision and longevity of treatments, making cardiac care more personalized and accessible.

Coronary Stents Lead Market Growth: Dominating the Market with Over 24% Share in 2023

By Device Type: The coronary stents segment dominated the market, holding over 24% of the market share in 2023. This dominance is attributed to their crucial role in treating coronary artery diseases (CAD), a leading cause of cardiovascular-related deaths globally. Coronary stents are used in angioplasty procedures to keep arteries open and restore normal blood flow, preventing heart attacks. With the rise in cardiovascular diseases and aging populations, the demand for coronary stents is expected to grow significantly. Additionally, advancements in stent technologies, such as drug-eluting stents, have improved their effectiveness and safety, further driving the growth of this segment.

Key Market Segmentation:

By Device Type

•Pacemaker’s device
•Cardiac Resynchronization Therapy Devices
•Implantable hemodynamic Monitoring devices
•Implanted heart rhythm monitors
•Coronary stents
•Implantable cardioverter Defibrillator
•Heart Valve
•Others

By Indication

•Arrhythmias
•Myocardial ischemia
•Acute myocardial infarction
•Heart failure'

By Procedure

•Angioplasty
•Open heart surgery

By Material

•Metals and alloys
•Polymers
•Biological Materials

By End Users

•Hospitals
•Specialty Clinics
•Others

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North America Dominates the Cardiac Implants Market, While Asia-Pacific Emerges as the Fastest-Growing Region

North America region dominated with the market share over 38% in 2023, driven by key factors such as advanced healthcare infrastructure, high healthcare spending, and a significant aging population. The United States, in particular, plays a central role in the market, with widespread access to advanced cardiac implant devices. The country’s healthcare system supports the adoption of these devices, and extensive research and development in medical technologies lead to continuous innovation in cardiac implants. The growing prevalence of cardiovascular diseases in the region further fuels the demand for these devices.

The Asia-Pacific region is poised to be the fastest-growing market for cardiac implants. Several countries in the region, particularly China, India, and Japan, are seeing significant investments in healthcare infrastructure, leading to better access to cardiac care. The aging population in these countries, coupled with rising rates of cardiovascular diseases, is propelling the demand for cardiac implants. Japan and China, with their rapidly expanding elderly demographic, are witnessing an increased incidence of cardiovascular diseases, which is creating a high demand for cardiac devices.

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Recent Development

•In February 2024: BIOTRONIK, a leading innovator in implantable medical device technology, announced its decision to exclusively offer its proprietary DX models for all new single-chamber ICD implants. This strategic shift is driven by recent clinical evidence highlighting the DX models' superior diagnostic capabilities and reduced complication risks compared to traditional high-voltage systems.

•In October 2024: Johnson & Johnson (NYSE: JNJ) announced the successful acquisition of V-Wave Ltd., a privately-owned company specializing in innovative treatments for heart failure. Following the acquisition, V-Wave will integrate into Johnson & Johnson MedTech.

Table of Content

1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Cardiac Implants Market Segmentation, By Device Type
8. Cardiac Implants Market Segmentation, By Indication
9. Cardiac Implants Market Segmentation, By Procedure
10. Cardiac Implants Market Segmentation, By Material
11. Cardiac Implants Market Segmentation, By End Users
12. Regional Analysis
13. Company Profile
14. Use Cases and Best Practices
15. Conclusion

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