Market Research Future (MRFR) has thoroughly studied the trends and patterns in the Global Cardiac Implants Market and portends the market to expand at a CAGR of 7.2% over the forecast period of 2020-2023.
Market Research Future (MRFR) has announced a new release on the Global Cardiac Implants Market. The report values the global cardiac implants market at USD 8.91 bn in 2017 and forecasts a steady rise at a 7.2% CAGR over the forecast period from 2018 to 2023. The global cardiac implants market is expected to rise to a valuation of USD 13.6 bn by 2023.
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Cardiac Implants Market Overview
Cardiac implants are specifically designed to monitor irregular heartbeats in people with heart rhythm disorders. Such disorders are mainly caused by problems associated with the heart’s electrical system, which signals the heart to pump blood throughout the body. Devices comprise implantable cardioverter defibrillators, pacemakers, implantable hemodynamic monitoring, cardiac resynchronization therapy, and implantable heart rhythm monitors, which are also referred to as loop recorders. The global cardiac implants market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.82%, surpassing a valuation of USD 38,054.3 million during the forecast period (2020-2023).
Global Cardiac Implants Market: Segmental Analysis
The cardiac implants device market has been segmented on the basis of device, indication, and end users.
By device, the market is segmented into prosthetic heart valve devices, coronary stents, and others.
By indication, the market is classified into heart failure, arrhythmias, and others.
Considering the end use segment, the market is segmented into cardiac care centers, hospitals, and others. Of these, the hospital segment is likely to gain prominence due to favorable reimbursement policies.
Cardiac Implants Market Regional Frontiers
Geographically, the cardiac implants market spans across America, Europe, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, America is predicted to command the largest market share, mainly due to the soaring incidences of cardiac diseases, coupled with the increased adoption rate of cardiac implantable electronic devices in the region. Moreover, increased demand for the pacemaker, especially in North America will contribute to the market’s growth.
The market in Europe will experience considerable growth owing to increased funding from the government for, healthcare, coupled with the rising initiatives by the insurance companies for heart patients.
The Asia Pacific will expand at the fastest rate during the foreseeable future. The growth can be credited to the rising geriatric population, increasing popularity of medical tourism, and changing lifestyle of the population. Surging preferences for technologically advanced products for cardiac rhythm management and increased concerns regarding healthcare for stroke prevention will encourage the regional market’s growth.
Industry Updates
August 2020: The U.S. FDA has recently approved a heart implant, which offers therapeutic stimulation to the patients suffering from advanced heart failure. The device named the Barostim Neo System is a cardiac neuromodulator, which helps to stimulate the baroreceptors of patients not suited for heart failure treatments such as cardiac resynchronization therapy.
Competitive Dashboard
The top players operating in the cardiac implants market include Amg International (Germany), Abbott (US), B. Braun Melsungen AG (Germany), Edwards Lifesciences Corporation (US), Boston Scientific Corporation (US), Biotronik (US), Medtronic Plc (US), LivaNova PLC (UK), Terumo Corporation (Japan), and SynCardia Systems, Inc. (Arizona).
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Market Research Future (MRFR) has announced a new release on the Global Cardiac Implants Market.
The report values the global cardiac implants market at USD 8.91 bn in 2017 and forecasts a steady rise at a 7.2% CAGR over the forecast period from 2018 to 2023.
Request Free Sample Copy at https://www.marketresearchfuture.com/sample_request/6726 Cardiac Implants Market OverviewCardiac implants are specifically designed to monitor irregular heartbeats in people with heart rhythm disorders.
Such disorders are mainly caused by problems associated with the heart’s electrical system, which signals the heart to pump blood throughout the body.
Devices comprise implantable cardioverter defibrillators, pacemakers, implantable hemodynamic monitoring, cardiac resynchronization therapy, and implantable heart rhythm monitors, which are also referred to as loop recorders.
The global cardiac implants market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.82%, surpassing a valuation of USD 38,054.3 million during the forecast period (2020-2023).Global Cardiac Implants Market: Segmental AnalysisThe cardiac implants device market has been segmented on the basis of device, indication, and end users.By device, the market is segmented into prosthetic heart valve devices, coronary stents, and others.By indication, the market is classified into heart failure, arrhythmias, and others.Considering the end use segment, the market is segmented into cardiac care centers, hospitals, and others.
The global ENT devices market is expected to grow at an approximate CAGR of 6.2% during forecast period, 2018–2023.
However, low high cost of CO2 lasers, and high cost of devices can hinder the market growth over the forecast period.
Karl Storz Gmbh & Co. Kg
The global ENT devices market is segmented based on product, end user, and region.
The global market for ENT devices, by product is segmented into diagnostic devices, surgical devices, hearing aids, hearing implants, Co2 lasers, and image-guided surgery systems.
The surgical devices segment is further classified as powered surgical instruments, radiofrequency (RF) handpieces, handheld instruments, balloon sinus dilation devices, ENT supplies, ear tubes, voice prosthesis devices.
