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    Heart Implants Market Report

    Heart Implants Market Report
    Report code - SR1549 Delivery - 2 Weeks
    Heart Implants Market Size, Share, Trend, Forecast, & Competitive Analysis: 2022-2028
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    Market Insights

    The Heart Implants Market is estimated to grow from USD 41.25 billion in 2021 to USD 90.38 billion by 2028 at a healthy CAGR of 11.82% during the forecast period of 2022-2028.

    Heart Implants Market Size

    What are cardiac implants?

    Cardiac Implants are devices that can monitor the normal functions of the heart, detect fluctuations, and provide information about the heart. These implants are implanted in the heart to know the information about the heart. Moreover, the cardiac monitoring device implants can be primarily used in the treatment of heart diseases such as myocardial ischemia, arrhythmias, and acute myocardial infarction, among others.

    Market Dynamics

    The growing incidence of cardiovascular disease is one of the major factors intensifying the growth and demand of the heart implants market in the coming years. Rapid growth in technology, increasing awareness about health care in people, and rising geriatric population, further augments the market growth. With favorable reimbursement policies by the government agencies, these devices are increasingly adopted by healthcare professionals which further boosts the product demand in the coming years.

    COVID-19 Impact on Heart Implants Market

    The COVID-19 outbreak positively influenced the growth of the heart implants market. Rising cases of coronavirus across the globe put a heavy strain on the healthcare sector. Rise in heart patients and cardiovascular diseases and as they are highly prone to get infected by COVID-19, there is strong growth of heart implants during the pandemic.

    Heart Implants Market Snapshot

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    Key Players

    Key players operating in the heart implants market are-

    • Medtronic, Inc. (US)
    • Boston Scientific Corporation (US)
    • Abbott Vascular Inc. (US)
    • Edwards Life-sciences Corporation (US)
    • St. Jude Medical, Inc. (US)
    • Thoratec Corporation (US)
    • SynCardia Systems, Inc. (US)

    Target Audience

    Here is the list of the group of customers that the Heart Implants Market hopes to have the greatest opportunity to convert-

    • Heart Implants distributors
    • Heart Implants suppliers
    • Heart Implants manufacturers
    • Hospitals
    • Government bodies

    Segment Analysis

    Application Trends

    Based on application, the market has been classified into arrhythmias, myocardial ischemia, acute myocardial infarction, congestive heart failure, and others. The arrhythmias segment accounted for a substantial market share in 2021. Growing incidences of Cardiovascular Diseases (CVDs), increasing cost of cardiac disease management, favorable government policies; and excessive alcohol consumption, smoking, lifestyle disorders, and obesity are contributing to the prevalence of cardiac arrhythmia, further bolstering the segment growth.

    Regional Trends

    The market in North America accounted for the largest share in 2021 and is projected to continue its dominance during the review period. This is mainly attributed to the strong presence of well-developed healthcare infrastructure, increasing investment in R&D activities, the strong prevalence of cardiovascular diseases, higher adoption of these technologies, and favorable government initiatives. Moreover, the favorable reimbursement policies, high rate of R&D activities, easy availability of advanced technology, and enhanced patient knowledge within the region, further proliferates the regional growth.

    Segmentation

    The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Report Feature

    Market Segmentation

    4

    Regions Covered

    5

    Countries/Subregions Covered

    16

    Figures & Tables

    >90

    Company Profile

    7

     

    The market is segmented into the following categories.

    By Device Type

    • Pacemaker Devices
    • Cardiac Resynchronization Therapy Devices
    • Implantable Hemodynamic Monitoring Devices
    • Implanted Heart Rhythm Monitors
    • Coronary Stents
    • Implantable Cardioverter Defibrillator
    • Heart Valve
    • Others

    By Application Type

    • Arrhythmias
    • Myocardial Ischemia
    • Acute Myocardial Infarction
    • Congestive Heart Failure
    • Others

    By End User Type

    • Hospitals
    • Emergency Medical Centers
    • Ambulatory Surgical Center
    • Home Care Settings
    • Others

    By Region:

    • North America
    • Europe
    • Asia-Pacific
    • Middle East & Africa
    • South America

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    Current market segmentation of any one of the product types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The heart implants market is expected to witness an impressive growth of 11.82% CAGR in the coming years.

    Medtronic, Inc. (US), Boston Scientific Corporation (US), Abbott Vascular Inc. (US), Edwards Life-sciences Corporation (US), St. Jude Medical, Inc. (US), Thoratec Corporation (US), and Syn-Cardia Systems, Inc. (US) are among the key players in the heart implants market.

    The heart implants market size is expected to reach USD 90.38 billion in 2028.

    The arrhythmias segment accounted for a substantial share in the heart implants market in 2021.

    North America is expected to remain dominant in the heart implants market in the next five years.

    Heart Implants distributors, Heart Implants suppliers, Heart Implants manufacturers, Hospitals, Government bodies are the target audience in the heart implants market.