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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cardiovascular Prosthetic Devices Market
Request Now !Cardiovascular prosthetic devices are developed to replace the damaged heart tissues. These devices are so designed that they mimic the working of normal cardiovascular organs. Cardiac prosthetic devices have allowed the heart surgeons to improve the treatment for heart blockages. Heart valves and pacemakers are the majorly used cardiac prosthetic devices. The increase in the number of cardiac disorder cases will drive the market for the cardiac prosthetic devices.
Cardiac prosthetic devices is an ever-growing market due to increasing prevalence of cardiac disorders. For instance, around 5 million American population is diagnosed with heart valve disorders every year. Moreover increasing adoption rate for these devices along with increasing geriatric population and the unhealthy living style of the current generation will propel the growth of market. Whereas high cost of these devices restrains the growth of market.
The report segments the cardiovascular prosthetic devices market on the basis of type and geography. On the basis of type, the market is segmented into cardiac prosthetic devices and vascular prosthetic devices.
Furthermore, cardiac prosthetic devices are sub classified into prosthetic heart valves, annuloplasty rings, pacemaker leads, defibrillator leads, tissue patches, ventricular assist devices and artificial hearts. Vascular prosthetic devices are sub-segmented into synthetic grafts, pericardial tissue patches, synthetic patches, vascular stents and endovascular devices. On the geographical basis, the breakdown of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
World cardiovascular prosthetic devices market has witnessed many developments led by the key market players. The major companies of the market are adopting product approval and acquisition to strengthen their R&D department to develop better cardiovascular prosthetic devices. For instance, on April 2016 Abbott Laboratories announced a definitive agreement to acquire St. Jude Medical to strengthen its product offerings.
Comprehensive competitive analysis and profiles of major market players including Abbott Laboratories, Edwards Lifesciences Corp., W. L. Gore & Associates, Inc., Medtroic plc, Sorin Group, St. Jude Medical, Inc., B. Braun Melsungen AG, Meril Life Sciences Pvt. Ltd., SYMETIS SA and Lifetech Scientific (Shenzhen) Co., Ltd. is also provided in this report.
KEY BENEFITS FOR STAKEHOLDERS:
KEY MARKET SEGMENTS:
By Type
By Geography
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