The global cardiac prosthetic devices market will exhibit a growth at the rate of 9.3% CAGR during 2018 to 2026.
While cardiac diseases are on the rise due to many issues including
genetic and lifestyle disorder, the cardiac valve dysfunction is the most
common which would amplify the cardiac prosthetic devices market over the
years.
ResearchMoz puts forth a detailed report and insights into the cardiac
prosthetic devices market inclusive of market size, opportunities, growth
drivers, trends, challenges, and competitive edge.
Technology to
Uphold Cardiac Prosthetic Devices Market
Cardiac surgeries are no more the hardest and traditional which puts
surgeons and patients at high stress. The researchers are always focusing on
innovative product development using technology and leveraging its benefits.
One such technology led the engineers and researchers to come up with Bionic
Heart also known as ‘Biorobotic Hybrid Heart’ which acts as a real biological
heart which removes the issues such as valve leakage prevalent in traditional
devices. This device is also said to reduce the cost of device development,
thus amplifying the market for cardiac prosthetics.
Mitral Valve
Insufficiency to Bolster Demand for Cardiac Prosthetic Devices
American College of Cardiology says, around 4 million patients suffer
from mitral valve disorder leading to demand for cardiac prosthetic devices.
This trend would continue in the coming years. Alternatively, many benefits
such as calcifications preventions, free from infections, etc would also make
them preferred devices, resulting in boost in demand in the coming years.
Growing cases of abnormal heart rhythm in paediatric cases to accelerate
the growth possibilities further.
Analysts Views
Technology lays a strong foundation for the cardiac prosthetic devices
market and the best example to cite here is ‘Bionic Heart’ which has the
capabilities to overcome the challenges faced in the conventional devices.
Increasing research and development and government support is providing the
much backbone for the market to grow exponentially in the coming years.
In the age of technology, robotic surgeries are gaining traction, the
surgeon uses robotic tools for precision and minimally invasive giving utmost
comfort to the patients. The trend of robotic surgeries would amplify the
global cardiac prosthetic devices market over the next few years, opines
ResearchMoz
Voluminous Heart
Replacements to Upsurge North America
So far North America led the global cardiac prosthetic devices market
due to prevailing cases of cardiovascular diseases. This region will continue
its dominance in the global market as compared to other regions. The growth in
the region can be accounted to volume of patients undergoing valve replacement
surgeries.
Asia Pacific will emerge as growing market as it continues to grow
significantly during the forecast years. The growth of Asia Pacific will be
primarily due to rising number of transcatheter aortic valve replacement
surgeries. Also, the growth can be accounted to rising lifestyle diseases that
leads to range of cardiovascular diseases.
Competitive
Landscape
ResearchMoz in its report enunciates the details of competitive edge of
the global cardiac prosthetic devices market. The report explains about the
prevailing competition and various innovative strategies adopted by the market
players to thrive in the global arena.
These market players get a grip over the market through product
innovation, acquisition, mergers, etc.
These market players in the cardiac prosthetic devices market are –
- Medtronic,
Inc.
- Boston
Scientific Corporation
- Abbott
Vascular
- Sorin
Group
- Boston
Scientific Corporation
- Jude
Medica
- Siemens
Healthcare GmbH
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