USD 6.93 billion
Report ID:
SQMIG35A3042 |
Region:
Global |
Published Date: May, 2025
Pages:
193
|Tables:
94
|Figures:
71
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
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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.
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.
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.
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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.
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 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.
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 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 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.
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.
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 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 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.
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Rising Cardiovascular Diseases
Technological Advancements in Medical Devices
Complicated Regulatory Approvals
Risk of Complications and Side Effects
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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.
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 |
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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 |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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