Research Nester published a report titled “Cardiac Implants Market : GlobalDemand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global cardiac implants market in terms of market segmentation by product, material, procedure, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global cardiac implant market is projected to grow at a CAGR of ~10% by attaining a noteworthy revenue over the forecast period, i.e., 2022 – 2031. The market is estimated to grow on the back of rising cases of heart diseases, cardiovascular disorders, and growing administrative clearance for cardiac implants. Based on a report provided by World Health Organization (WHO), in 2019, approximately 17.9 million people died owing to CVDs worldwide. A significant number of death due to not getting treatment at the right moment, is also observed in recent decades. As per a report published by American Heart Association, about 90% of people die due to out-0f-hospital cardiac arrest.
Additionally, by procedure, the global cardiac implants market is bifurcated into angioplasty and open-heart surgery. Out of these sub-segments, the angioplasty segment is estimated to hold a notable share in the market. The growth of the segment can be attributed to factors, such as, the accuracy and effectiveness of the procedure and the presence of a large geriatric population. An angioplasty procedure is performed to open closed arteries using special tools such as, a catheter.
Furthermore, the global cardiac implants market, by region, is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, North America is projected to provide a noteworthy opportunity for the market to grow during the forecast period. The growth of the market in the region is accounted to factors such as, increasing cases of death due to CVDs and growing consumption of cigarettes by the young generation. According to data released by Diseases Control and Prevention (CDC), 3,800 younger people start smoking cigarettes in the USA.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Rising Administrative Approval for Cardiac Implants to Propel the Growth of the Market
Government initiatives are constantly increasing in the field of cardiac implants due to the higher number of deaths. Many significant originations are inspecting the new technology and other procedures to evaluate their overall quality and effectiveness and provide them the relatable approval to establish credibility in the market. Such factors are estimated to propel the growth of the market.
However, the possibility of infection on account of implantable pacemakers is expected to operate as a key restraint to the growth of the global cardiac implants market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global cardiac implants market which includes company profiling of Boston Scientific Corporation, BIOTRONIK SE & Co., KG, ZOLL Medical Corporation, Medtronic plc, LivaNova PLC, Abbott Laboratories, MEDICO S.R.L., Lepu Medical Technology Co., Ltd., Cook Group, and Shree Pacetronix Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global cardiac implants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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