Cardiac Prosthetic Devices Market Size, Share, and Growth Analysis

Global Cardiac Prosthetic Devices Market

Cardiac Prosthetic Devices Market By Product Type (Heart Valves, Pacemakers), By Material Type (Biological Materials, Synthetic Materials), By End-Use (Hospitals, Cardiac Centers and Clinics), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A3042 | Region: Global | Published Date: May, 2025
Pages: 193 |Tables: 94 |Figures: 71

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Cardiac Prosthetic Devices Market Insights

Global Cardiac Prosthetic Devices Market size was valued at USD 6.93 billion in 2023 and is poised to grow from USD 7.47 billion in 2024 to USD 13.62 billion by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).

The major force behind the global market for cardiac prosthetic devices is the fast-expanding population of old age. With increasing age, the cardiovascular system undergoes structural and functional alterations rendering the individual vulnerable to the development of diseases such as aortic stenosis, arrhythmias, and heart failure. This vulnerability results in a greater prevalence of degenerative heart diseases which are frequently treated with surgical or percutaneous procedures involving prosthetic valves or pacemakers. Consequently, the need for sophisticated cardiac prosthetic devices has increased to address the healthcare needs of this growing population directly, driving market growth through the rising level of hospital admissions and medical procedures.

Technological innovation is the key driver driving the global cardiac prosthetic devices sector. Breakthroughs like minimally invasive transcatheter aortic valve replacement (TAVR), biocompatible materials, and 3D-printed personalized heart valves have greatly improved the safety, longevity, and effectiveness of cardiac prosthetics. These innovations minimize risks during surgery, shorten recovery periods, and enhance long-term results, making such devices more desirable to patients and healthcare professionals alike. Moreover, intelligent prosthetics with sensors for real-time monitoring facilitate improved post-operative care. As a result, ongoing technological advancements boost device uptake, expand treatment options, and maintain market growth by addressing changing patient and clinician needs.

In What Ways has AI Shortened the Time for Designing Personalized Heart Valve Prosthetics?

Artificial intelligence (AI) is playing a strong role in revolutionizing the global cardiac prosthetic devices market through personalized augmentation, diagnosis, and surgical planning. Deep learning models driven by AI are able to interpret patient-specific imaging data in order to create patient-specific fit prosthetic heart valves that are more durable and less prone to complications. For example, scientists at Iowa State University used AI to quickly create personalized valve geometries using MRI or CT scans, reducing design time from days to hours. Also, AI algorithms enhance diagnostic precision by reading ECGs and imaging for valvular disease early, enabling timely interventions. These advances result in improved patient outcomes, higher prosthetic device adoption, and propel market expansion.

In March 2025, MIT startup Spheric Bio unveiled AI-driven personalized heart implants that mold exactly to a patient's individual heart anatomy. The growing implants, which close the left atrial appendage, a source of clots in atrial fibrillation patients, with perfect closure, will prevent strokes.

Market snapshot - 2025-2032

Global Market Size

USD 6.93 billion

Largest Segment

Heart Valves

Fastest Growth

Vascular Grafts

Growth Rate

7.8% CAGR

Global Cardiac Prosthetic Devices Market ($ Bn)
Country Share by North America (%)

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Cardiac Prosthetic Devices Market Segments Analysis

Global Cardiac Prosthetic Devices Market is segmented by Product Type, Material Type, End-Use and region. Based on Product Type, the market is segmented into Heart Valves, Pacemakers and Others. Based on Material Type, the market is segmented into Biological Materials, Synthetic Materials and Hybrid Materials. Based on End-Use, the market is segmented into Hospitals, Cardiac Centers and Clinics, Ambulatory Surgical Centers and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

What Role does Personalized Medicine Play in Advancing Heart Valve Prosthetics?

Based on the global cardiac prosthetic devices market forecast, heart valve prosthetics are at the forefront of innovation in the industry, driven by advancements in minimally invasive procedures and personalized medicine. Transcatheter aortic valve replacement (TAVR) has transformed the treatment of high-risk patients by ensuring lower recovery times and better outcomes. Organizations such as Edwards Lifesciences have witnessed impressive growth in TAVR sales, reflecting robust market take-up. The supremacy of heart valves in this market is due to the widespread incidence of valvular heart diseases.

Vascular grafts are likely to be the fastest-growing segment in the market for cardiac prosthetic devices globally due to the rising incidence of cardiovascular disease, atherosclerosis, and end-stage renal disease. Technical advancements in graft materials, including polytetrafluoroethylene (PTFE), and the introduction of minimally invasive procedures such as endovascular aneurysm repair (EVAR) improve patient outcomes and decrease recovery times.

How does Tissue Engineering Play a Role in the Development of Biologic Heart Valves?

Biologics are dominating the global cardiac prosthetic devices market in terms of breakthroughs in regenerative medicine and tissue engineering. The recent achievement of having growing heart valves in the body that integrate the patient's cells in the scaffolding, thus making a living growing valve which remodels and gets bigger, illustrates this pattern. This method is especially useful in pediatric patients, lowering the number of surgical interventions required.

Synthetic materials are emerging as the fastest-growing segment in the global cardiac prosthetic devices market, driven by advancements in material science and the increasing demand for durable, cost-effective solutions. Advances in synthetic polymers, including polytetrafluoroethylene (PTFE), have improved the compatibility and durability of prosthetic devices to the extent that they can be used for a wider population of patients.

Global Cardiac Prosthetic Devices Market By Device Type (%)

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Cardiac Prosthetic Devices Market Regional Insights

What Factors Contribute to North America's Leadership in the Global Cardiac Prosthetic Devices Market?

As per the global cardiac prosthetic devices market analysis, North America is in the leading position in the industry because of its well-developed healthcare infrastructure, high incidence of cardiovascular diseases, and early acceptance of new medical technologies. Strong regulatory systems, growing healthcare expenditure, and aging population are also the advantages that this region enjoys. Moreover, the presence of major market players and active clinical trials for future-generation prosthetic devices are adding strength to North America's on-going dominance and technological superiority in this space.

US Cardiac Prosthetic Devices Market

The United States is a major contributor to North America’s cardiac prosthetic devices market, driven by high healthcare expenditures, a large aging population, and the growing incidence of cardiovascular diseases. With well-developed healthcare infrastructure, the U.S. is at the forefront of research, development, and implementation of new cardiac prosthetic technologies. The regulatory framework, coupled with the well-established presence of global players such as Edwards Lifesciences, supports the dominance of the country's market.

Canada Cardiac Prosthetic Devices Market

Canada contributes significantly to the North America’s cardiac prosthetic devices market through its strong healthcare system, emphasis on medical research, and sophisticated clinical trials. The growth of Canada's market is fueled by a highly qualified healthcare workforce and partnerships among top research institutions. The nation's investment in embracing state-of-the-art technologies, including transcatheter valve replacements, also plays an important role in the growth and development of the market.

How does the Uptake of Advanced Cardiac Technologies in Asia-Pacific Drive the Growth of the Market?

Asia-Pacific is emerging as a rapidly growing region in the global cardiac prosthetic devices market, driven by rising cardiovascular disease prevalence, a large aging population, and improving healthcare infrastructure. China, India, and Japan are dominating the market with more healthcare investments, higher uptake of advanced cardiac technologies, and widening access to medical procedures. Evolutions in minimally invasive treatments and rising awareness are additionally fueling the region's market growth.

Japan Cardiac Prosthetic Devices Market

Japan is a key contributor to the Asia Pacific's cardiac prosthetic devices market, driven by its advanced healthcare system, aging population, and technological innovations. The country is ahead of the pack when it comes to adopting minimally invasive procedures such as TAVR and LAAC. Japan's regulatory regime is very strong and complemented by various partnerships amongst global companies the country is able to stay far ahead in the development and usage of more advanced cardiac prosthetics.

South Korea Cardiac Prosthetic Devices Market

South Korea is fast becoming a key player in the Asia Pacific’s cardiac prosthetic devices market. South Korea has a highly developed healthcare infrastructure and rising demand for sophisticated cardiovascular therapies. With rising implementation of minimally invasive techniques like TAVR and LAAC, the South Korean market keeps growing with the support of technological developments and partnerships with major medtech companies.

How are Continued Investments in R&D Benefiting the Cardiac Prosthetic Devices Market in Europe?

Europe is a major contributor to the global cardiac prosthetic devices market, fueled by the aging population and high prevalence of cardiovascular diseases. The continent is aided by superior healthcare systems, cutting-edge research, and robust medical device regulations. Germany, France, and the UK are among the main contributors, with continued investments in R&D in advanced prosthetics. Europe's market is also aided by increased demand for minimally invasive interventions and improved patient outcomes.

UK Cardiac Prosthetic Devices Market

The United Kingdom is a prominent contributor to the Europe’s cardiac prosthetic devices market, owing to its established healthcare infrastructure and cutting-edge research in medical devices. The UK's National Health Service (NHS) is also a key driver of the uptake of cardiac prosthetics, especially in heart valve replacement procedures. Besides, continued emphasis on enhancing patient access to cutting-edge medical interventions in the nation contributes further to the growth of the market.

France Cardiac Prosthetic Devices Market

France makes a valuable contribution to Europe's cardiac prosthetic devices market with its world-class healthcare system and top cardiovascular research. France's hospitals and research centers are leaders in clinical trials and cardiac device innovations. France's emphasis on enhancing patient outcomes through minimally invasive procedures and collaborations with international medical device companies further solidifies its position in the market.

Germany Cardiac Prosthetic Devices Market

Germany is a prominent market in Europe's cardiac prosthetic devices market, with its well-established healthcare infrastructure, sophisticated medical technology, and high research and development expenditure. The focus of the country on precision medicine and its strong regulatory framework makes it a forerunner in developing and embracing novel cardiac prosthetic technologies, particularly in heart valve technologies and mechanical circulatory support devices.

Global Cardiac Prosthetic Devices Market By Geography
  • Largest
  • Fastest

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Cardiac Prosthetic Devices Market Dynamics

Cardiac Prosthetic Devices Market Drivers

Rising Cardiovascular Diseases

  • The rising incidences of cardiac diseases globally represent one of the biggest drivers in the global cardiac prosthetic devices market growth. As cardiac issues such as heart valve disease and coronary artery diseases rise, more prosthetic devices like heart valves and vascular grafts are required, which translates into greater opportunities for innovation and growth in the market.

Technological Advancements in Medical Devices

  • Advances in cardiac prosthetic devices, including minimally invasive procedures and the creation of biocompatible materials, are driving market growth. Advances such as transcatheter valve replacement and tissue-engineered heart valves have enhanced patient outcomes and increased treatment options, making these devices more accessible and effective in treating cardiovascular diseases.

Cardiac Prosthetic Devices Market Restraints

Complicated Regulatory Approvals

  • The long and multidisciplinary regulatory approval pathways for cardiac prosthetic devices are a major challenge. Destructive regulatory requirements, combined with extensive clinical trials and testing stages, can hinder the availability of new devices on the market. This retards innovation and may restrict access to recent technologies for patients.

Risk of Complications and Side Effects

  • Cardiac prosthetic devices, such as heart valves and vascular grafts, carry risks of complications like infection, thrombosis, and device failure. These risks can lead to patient discomfort, prolonged recovery times, and the need for additional surgeries, which may discourage both patients and healthcare providers from opting for these devices.

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Cardiac Prosthetic Devices Market Competitive Landscape

The global cardiac prosthetic devices market competitive scenario is dominated by Edwards Lifesciences, Medtronic, Abbott Laboratories, and Boston Scientific. These firms operate with innovation, mergers and acquisitions to keep the leadership intact. Edwards Lifesciences leads with research efforts in heart valve technologies, Medtronic continues to expand minimally invasive surgery solutions, and Abbott supplements its product portfolio with strategic acquisitions for a wide offering of advanced cardiac solutions.

The startup ecosystem in the global cardiac prosthetic devices market outlook is expanding fast, with new-age companies launching cutting-edge solutions for heart valve replacement and vascular repair. These startups are developing minimally invasive treatments, bioresorbable technologies, and personalized medicine to enhance patient outcomes. They are leading tremendous R&D breakthroughs, making cardiovascular therapies more affordable, effective, and cost-saving for a larger patient base.

  • Founded in 2015, Xeltis is a medical device startup pioneering bioresorbable cardiac implants. Their flagship product, the Bioabsorbable Heart Valve, is designed to replace damaged heart valves and gradually absorb over time, allowing natural tissue growth. This pioneering technology encourages the body's own natural healing process, without the need for subsequent surgeries and offering long-term, sustainable solutions to valve replacement, particularly for younger patients.
  • Established in 2016, CardioMech focuses on minimally invasive solutions for mitral valve repair. Their CardioMech Mitral Valve Repair System uses a catheter-based procedure to restore valve function without open-heart surgery. The company's breakthrough R&D is aimed at creating a device that improves outcomes for patients with heart valve disease, particularly those at high surgical risk, by offering a safer, less invasive treatment with faster recovery times and reduced complications.

Top Player’s Company Profiles

  • Abbott Laboratories (USA) 
  • Medtronic plc (Ireland) 
  • Boston Scientific Corporation (USA) 
  • Edwards Lifesciences Corporation (USA) 
  • LivaNova PLC (UK) 
  • Biotronik (Germany) 
  • MicroPort Scientific Corporation (China) 
  • Meril Life Sciences Pvt. Ltd. (India) 
  • Lepu Medical Technology Co., Ltd. (China) 
  • CryoLife, Inc. (USA) 
  • AtriCure, Inc. (USA) 
  • Braile Biomedica (Brazil) 
  • Labcor Laboratórios Ltda. (Brazil) 
  • Lifetech Scientific Corporation (China) 
  • Shree Pacetronix Ltd. (India) 
  • TTK Healthcare Ltd. (India) 
  • Colibri Heart Valve LLC (USA) 
  • Berlin Heart GmbH (Germany) 
  • SynCardia Systems LLC (USA) 
  • Venus Medtech (Hangzhou) Inc. (China)

Recent Developments in Cardiac Prosthetic Devices Market

  • In February 2024, Edwards Lifesciences won FDA approval for its EVOQUE tricuspid valve replacement system, the first transcatheter treatment for tricuspid regurgitation in the U.S. The system employs a nitinol self-expanding frame and bovine pericardial tissue leaflets. It provides a minimally invasive alternative for high-risk patients, changing treatment for this underserved patient population.
  • In March 2024, Medtronic introduced the Avalus Ultra Valve, a bioprosthetic heart valve designed for durability and ease of use. The valve has improved tissue technology and a flexible stent, enhancing patient outcomes and surgical practice. It is a significant step forward in transcatheter heart valve replacement with long-term durability and great clinical performance.
  • In January 2025, Abbott launched the Navitor Vision transcatheter aortic valve implantation (TAVI) system in India. It carries radiopaque markers for better contrast, allowing enhanced accuracy in deploying the valve. The device works to deliver more efficient and safe treatment to stenotic aortic patients to ensure improved outcome and quicker healing.

Cardiac Prosthetic Devices Key Market Trends

Cardiac Prosthetic Devices Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global cardiac prosthetic devices industry is witnessing strong growth due to an aging population and advances in technology. The rising incidence of cardiovascular diseases and the need for innovative solutions, including minimally invasive procedures and AI-based personalized devices, are major drivers of the market. Advances in biocompatible and synthetic materials further improve the durability and efficacy of prosthetic devices.

While the market faces challenges such as complicated regulatory approvals and potential risks of complications, the continuous progress in device technology, coupled with a focus on patient-specific treatments, ensures promising market expansion. Major players and startups alike are contributing to a dynamic, evolving industry that offers hope for better patient outcomes globally.

Report Metric Details
Market size value in 2023 USD 6.93 billion
Market size value in 2032 USD 13.62 billion
Growth Rate 7.8%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Heart Valves
    • Pacemakers
    • Others
  • Material Type
    • Biological Materials
    • Synthetic Materials
    • Hybrid Materials
  • End-Use
    • Hospitals
    • Cardiac Centers and Clinics
    • Ambulatory Surgical Centers
    • Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Abbott Laboratories (USA) 
  • Medtronic plc (Ireland) 
  • Boston Scientific Corporation (USA) 
  • Edwards Lifesciences Corporation (USA) 
  • LivaNova PLC (UK) 
  • Biotronik (Germany) 
  • MicroPort Scientific Corporation (China) 
  • Meril Life Sciences Pvt. Ltd. (India) 
  • Lepu Medical Technology Co., Ltd. (China) 
  • CryoLife, Inc. (USA) 
  • AtriCure, Inc. (USA) 
  • Braile Biomedica (Brazil) 
  • Labcor Laboratórios Ltda. (Brazil) 
  • Lifetech Scientific Corporation (China) 
  • Shree Pacetronix Ltd. (India) 
  • TTK Healthcare Ltd. (India) 
  • Colibri Heart Valve LLC (USA) 
  • Berlin Heart GmbH (Germany) 
  • SynCardia Systems LLC (USA) 
  • Venus Medtech (Hangzhou) Inc. (China)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Cardiac Prosthetic Devices Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Cardiac Prosthetic Devices Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Cardiac Prosthetic Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cardiac Prosthetic Devices Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cardiac Prosthetic Devices Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Cardiac Prosthetic Devices Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Cardiac Prosthetic Devices Market size was valued at USD 74.03 Billion in 2023 poised to grow from USD 77.53 Billion in 2024 to USD 112.21 Billion by 2032, growing at a CAGR of 4.73% in the forecast period (2025-2032).

The global cardiac prosthetic devices market competitive scenario is dominated by Edwards Lifesciences, Medtronic, Abbott Laboratories, and Boston Scientific. These firms operate with innovation, mergers and acquisitions to keep the leadership intact. Edwards Lifesciences leads with research efforts in heart valve technologies, Medtronic continues to expand minimally invasive surgery solutions, and Abbott supplements its product portfolio with strategic acquisitions for a wide offering of advanced cardiac solutions. 'Edwards Lifesciences (USA)', 'Medtronic (Ireland)', 'Abbott Laboratories (USA)', 'Boston Scientific (USA)', 'CryoLife (USA)', 'Terumo Corporation (Japan)', 'Johnson & Johnson (USA)', 'Sorin Group (Italy)', 'LivaNova (UK)', 'Cardinal Health (USA)', 'Biotronik (Germany)', 'Tendyne (USA)', 'Aortic Medical (USA)', 'Mitsubishi Tanabe Pharma Corporation (Japan)', 'Vascular Solutions (USA)'

The rising incidences of cardiac diseases globally represent one of the biggest drivers in the global cardiac prosthetic devices market growth. As cardiac issues such as heart valve disease and coronary artery diseases rise, more prosthetic devices like heart valves and vascular grafts are required, which translates into greater opportunities for innovation and growth in the market.

Advancements in Minimally Invasive Procedures: The global cardiac prosthetic devices market trends are directing toward minimally invasive procedures, which reduce recovery times and risks. These kinds of devices, for example, transcatheter heart valves and catheter-based repair systems, are getting popular due to smaller incisions and faster recovery time.

What Factors Contribute to North America's Leadership in the Global Cardiac Prosthetic Devices Market?

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