Throughout the projected period, the increasing risk of cardiovascular disease due to changes in lifestyle and dietary patterns is likely to fuel market growth. Throughout the projection period, technological developments in the field of cardiac implants are predicted to expand at a rapid pace. The worldwide cardiac implants market is likely to slow in the near future as a result of rising product recalls and cardiac implant-related infections.
According to Coherent Market Insights, Global Cardiac Implants Market is estimated to be valued at US$ 35,795.6 million in 2022 and is expected to exhibit a CAGR of 8.1% during the forecast period (2022-2030).
Major Players in the Cardiac Implants Industry:
1. Abbott Laboratories
Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. Abbott Laboratories was founded in 1888 and is based in North Chicago, Illinois.
2. B. Braun Melsungen AG
The company was founded in 1838, headquartered in Melsungen, Germany. Manufacturer of healthcare supplies dedicated to protecting and improving people's health. The company offers products and product systems for anesthesia, intensive care, cardiology, extracorporeal blood treatment and surgeries, thereby enabling healthcare professionals and patients to make the right decisions in specific health-related conditions.
3. Boston Scientific Corporation
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg and Cardiovascular segments. The company was incorporated in 1979 and is headquartered in Marlborough, Massachusetts.
4. Edwards Lifesciences Corporation
Edwards Lifesciences Corporation provides products and technologies for structural heart disease, and critical care and surgical monitoring in the United States, Europe, Japan, and internationally. Edwards Lifesciences Corporation was founded in 1958 and is headquartered in Irvine, California.
5. Meril Life Sciences Pvt. Ltd.
The company was founded in 2006, Manufacturer of medical devices and consumables based in Vapi, Gujarat. The company designs, produces and distributes clinically relevant medical devices ranging from vascular interventional devices to orthopedics, in-vitro diagnostics and endo-surgery through extensive research and development and collaboration, enabling healthcare professionals to alleviate suffering and improve the patients' life.
6. Lepu Medical Technology (Beijing) Co., Ltd.
Lepu Medical Technology (Beijing) Co., Ltd. develops, produces, and sells medical devices and equipment. The company was founded in 1999 and is headquartered in Beijing, China.
7. BIOTRONIK SE & Co. KG
The company was founded in 1963, headquartered in Berlin, Germany. It is Developer of cardiac rhythm management, electrophysiology and vascular intervention solutions intended to save and improve the lives of patients. The company's solutions enable physicians around the world to provide patients suffering from cardiovascular and endovascular diseases
8. MicroPort Scientific Corporation
MicroPort Scientific Corporation, an investment holding company, manufactures, and markets, and distributes medical devices in the People's Republic of China, North America, Europe, other Asian countries, South America, and internationally. The company's Cardiovascular Devices segment offers products and services for the treatment of coronary artery-related diseases; coronary stents and related delivery systems; and balloon catheters and accessories. MicroPort Scientific Corporation was founded in 1998 and is headquartered in Shanghai, the People's Republic of China.
*Definition- Cardiac implants are implanted medical devices that correct arrhythmias in patients with cardiac problems such as ventricular tachycardia, ventricular fibrillation, and heart failure. To identify aberrant heart rate and cardiac illnesses, implanted cardiac electronic devices such as biventricular pacemakers, cardiac loop recorders, implantable cardioverter defibrillator (ICD), and pacemakers are created.
