Cardiac prosthetic devices are artificial devices implanted temporarily or permanently for supporting the proper functioning of damaged heart tissues. They are also used for maintaining blood flow, preventing blockage in arteries and improving the overall quality of life in patients. Some of the commonly utilized cardiac prosthetic devices include pacemakers, ventricular assist devices, defibrillators, annuloplasty rings and heart valves.
Some of the key players operating in the market include Abbott Laboratories (ABT), St. Jude Medical Inc. (STJ), Boston Scientific Corporation (BCX), Edwards Lifesciences Corporation (EW), Medtronic Inc (MDT)., Meril Life Sciences Pvt. Ltd., Siemens Healthcare GmbH (SHL), Sorin Group, Biotronik, Lepu Medical Technology Co. Ltd.,etc.
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On account of the sedentary lifestyles and unhealthy dietary patterns, there is an increase in the prevalence of cardiovascular diseases (CVDs) and other heart ailments, such as coronary artery disease (CAD). This represents one of the significant factors bolstering the growth of the cardiac prosthetic devices market. Moreover, advancements in heart valve replacement devices and the introduction of compact-sized pacemakers are impelling the market growth. Other factors, such as the rising trend of minimally invasive surgery (MIS), growing geriatric population and extensive research and development (R&D) activities, are expected to drive the market further in the coming years.
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Cardiac Prosthetic Devices Market Segmentation
Breakup by Product Type:
- Mechanical Valve
- Tissue Valve
- Stented Tissue Valve
- Stentless Tissue Valve
- Transcatheter Valve
- Implantable Pacemakers
- Single-Chamber Battery Pacemaker
- Dual-Chamber Battery Pacemaker
- Triple-Chamber Battery Pacemaker
- External Pacemakers
Breakup by End-User:
- Hospitals, Clinics and Cardiac Centers
- Ambulatory Surgical Centers
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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