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Global Cardiovascular Prosthetic Devices Market to reach USD 52.12 billion by the end of 2030.

Global Cardiovascular Prosthetic Devices Market Size study & Forecast, by Type( Cardiac prosthetic devices, Vascular Prosthetic Devices) by End User (Hospitals, Clinics, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-71142489
Publish Date: 20-05-2023
Page: 200

Global Cardiovascular Prosthetic Devices Market is valued approximately USD 26.94 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.6% over the forecast period 2023-2030. Cardiovascular prosthetic devices are medical devices designed to replace or support the function of the cardiovascular system. They are primarily used in the treatment of various heart conditions and diseases. The Cardiovascular Prosthetic Devices market is expanding because of factors such as an increase in the prevalence of cardiovascular disorders and surgeries and growing geriatric population.

For instance, according to a data released by the Centres for Disease Control and Prevention (CDC), coronary heart disease is the most prevalent form of the disease and claimed 382,820 lives in the United States in 2020. Additionally, about 2 in 10 deaths from coronary artery disease (CAD) in adults under 65 years of age will occur in 2020. The use of cardiovascular prosthetic devices is expected to be driven by the rise in cardiovascular procedures, which will also fuel market expansion. For instance, the National Library of Medicine announced in September 2022 that more than 200,000 heart valve replacement procedures are carried out annually worldwide, with an increase to 8,50,000 per year expected by 2050. Additionally, nearly 400,000 coronary artery bypass grafting (CABG) surgeries are performed annually, making it the most common major surgical procedure. Thus, rising prevelance of cardiac disorders and the increase in number of surgeries performed is fostering the market growth. In addition, rising technological advancements and favorable Health Reimbursement Policies are creating a lucrative opportunity to the market. However, the high cost of Cardiovascular Prosthetic Devices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cardiovascular Prosthetic Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising prevelance cardiac disorders, presence of key market players, and rising technological advancements in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric and diseases prevelance, an increase in the number of collaborations for product development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market player included in this report are:
B Braun Melsungen AG
Boston Scientific Corporation
Artivion, Inc.
Meril Life Sciences Pvt. Ltd.
Edwards Lifesciences Private Ltd
Medtronic plc
Johnson and Johnson Pvt Ltd
W. L. Gore & Associates, Inc.
Abbott Laboratories Inc
Biotronic Inc
Recent Developments in the Market:
Ø In September 2021, The FDA has authorized the company’s Epic Plus and Epic Plus Supra Stented Tissue Valves, expanding the range of treatment choices for patients with aortic or mitral valve dysfunction, according to Abbott Laboratories, a manufacturer of pharmaceuticals and medical equipment.
Ø In January 2022, The School of Medical Research and Technology (SMRT) of IIT Kanpur launched the Hridyantra challenge-based programme to develop an advanced artificial heart, also known as a Left Ventricular Assist device (LVAD), for patients with end-stage heart failure.
Global Cardiovascular Prosthetic Devices Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Typeofferings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Cardiac prosthetic devices
Vascular Prosthetic Devices

By End User:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Cardiovascular Prosthetic Devices Market, by Region, 2020-2030 (USD Billion)
1.2.2. Cardiovascular Prosthetic Devices Market, by Type, 2020-2030 (USD Billion)
1.2.3. Cardiovascular Prosthetic Devices Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cardiovascular Prosthetic Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cardiovascular Prosthetic Devices Market Dynamics
3.1. Cardiovascular Prosthetic Devices Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increase in the prevalence of cardiovascular disorders and surgeries Growing Geriatric Population
3.1.2. Market Challenges High Cost of Cardiovascular Prosthetic Devices
3.1.3. Market Opportunities Rising technological advancements Favourable Health Reimbursement Policies
Chapter 4. Global Cardiovascular Prosthetic Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Cardiovascular Prosthetic Devices Market, by Type
5.1. Market Snapshot
5.2. Global Cardiovascular Prosthetic Devices Market by Type, Performance – Potential Analysis
5.3. Global Cardiovascular Prosthetic Devices Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Cardiovascular Prosthetic Devices Market, Sub Segment Analysis
5.4.1. Cardiac prosthetic devices
5.4.2. Vascular Prosthetic Devices
Chapter 6. Global Cardiovascular Prosthetic Devices Market, by End User
6.1. Market Snapshot
6.2. Global Cardiovascular Prosthetic Devices Market by End User, Performance – Potential Analysis
6.3. Global Cardiovascular Prosthetic Devices Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Cardiovascular Prosthetic Devices Market, Sub Segment Analysis
6.4.1. Hospitals
6.4.2. Clinics
6.4.3. Others
Chapter 7. Global Cardiovascular Prosthetic Devices Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Cardiovascular Prosthetic Devices Market, Regional Market Snapshot
7.4. North America Cardiovascular Prosthetic Devices Market
7.4.1. U.S. Cardiovascular Prosthetic Devices Market Type breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Cardiovascular Prosthetic Devices Market
7.5. Europe Cardiovascular Prosthetic Devices Market Snapshot
7.5.1. U.K. Cardiovascular Prosthetic Devices Market
7.5.2. Germany Cardiovascular Prosthetic Devices Market
7.5.3. France Cardiovascular Prosthetic Devices Market
7.5.4. Spain Cardiovascular Prosthetic Devices Market
7.5.5. Italy Cardiovascular Prosthetic Devices Market
7.5.6. Rest of Europe Cardiovascular Prosthetic Devices Market
7.6. Asia-Pacific Cardiovascular Prosthetic Devices Market Snapshot
7.6.1. China Cardiovascular Prosthetic Devices Market
7.6.2. India Cardiovascular Prosthetic Devices Market
7.6.3. Japan Cardiovascular Prosthetic Devices Market
7.6.4. Australia Cardiovascular Prosthetic Devices Market
7.6.5. South Korea Cardiovascular Prosthetic Devices Market
7.6.6. Rest of Asia Pacific Cardiovascular Prosthetic Devices Market
7.7. Latin America Cardiovascular Prosthetic Devices Market Snapshot
7.7.1. Brazil Cardiovascular Prosthetic Devices Market
7.7.2. Mexico Cardiovascular Prosthetic Devices Market
7.8. Middle East & Africa Cardiovascular Prosthetic Devices Market
7.8.1. Saudi Arabia Cardiovascular Prosthetic Devices Market
7.8.2. South Africa Cardiovascular Prosthetic Devices Market
7.8.3. Rest of Middle East & Africa Cardiovascular Prosthetic Devices Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. B Braun Melsungen AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Boston Scientific Corporation
8.3.3. Artivion, Inc.
8.3.4. Meril Life Sciences Pvt. Ltd.
8.3.5. Edwards Lifesciences Private Ltd
8.3.6. Medtronic plc
8.3.7. Johnson and Johnson Pvt Ltd
8.3.8. W. L. Gore & Associates, Inc.
8.3.9. Abbott Laboratories Inc
8.3.10. Biotronic Inc
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Market driving trends and favorable economic conditions
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