Stratview Research has launched a new report, titled Heart Implants Market, By Device (Pacemaker Devices, Cardiac Resynchronization Therapy Devices, Implantable Hemodynamic Monitoring Devices, Implanted Heart Rhythm Monitors, Coronary Stents, Implantable Cardioverter Defibrillator, Heart Valve, Others), By Application (Arrhythmias, Myocardial Ischemia, Acute Myocardial Infarction, Congestive Heart Failure, Others), By End User (Hospitals, Emergency Medical Centers, Ambulatory Surgical Center, Home Care Settings, Others) and Region
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
is estimated to grow from USD 36.8 billion in 2020 to USD 71.6 billion by 2026 at a healthy CAGR of 11.9% during the forecast period. 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.
Market Segments' Analysis
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 2020. 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.
The market in North America accounted for the largest share in 2020 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.
The following are the key players in the Heart Implants Market
· 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)
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Heart Implants Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Heart Implants Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
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