Cardiac Implants Market Analysis

The global cardiac implants market is segmented and analyzed for demand and supply by end-users into cardiology centers, clinics, hospitals, and others. Out of these, the hospitals segment is attributed to garner the most significant share in the market by the end of 2037. The major factor attributed to the expansion of the segment is the presence of specially trained medical professionals for the usage of cardiac implants and a high number of cardiologists in hospitals across the globe. Also, the high number of hospitals in the world is considered to be another factor for the increased utilization rate of cardiac implants in hospital settings. For instance, the Organization for Economic Co-Operation and Development (OECD) stated that the number of hospitals in the United Kingdom increased from 1,882 in 2015 to 1921 in 2020, whereas, in the United States it rose from 5,564 in 2015 to 6,090 in 2019. In addition, the trust factor associated with the hospitals for proper diagnosis and treatment coupled with favorable policies present in the hospitals is also another factor that is considered to bring growth opportunities for noteworthy revenue generation of the segment. Patients suffering from chronic diseases, cardiovascular disorders, and other lifestyle illnesses often visit hospitals for treatment procedures which in turn is expected to boost segment growth in the next few years.

The global cardiac implants market is also segmented and analyzed for demand and supply by application into acute myocardial infarction, myocardial ischemia, arrhythmias, congestive heart failures, and others. Out of these, the arrhythmias segment is projected to hold the largest share with a notable CAGR during the forecast period. The major factor for segment growth is the rising cases of arrhythmias and related diseases across the globe. For instance, in 2022, it was revealed that the prevalence of arrhythmias is found to be 2% to 5% in the world population. An unhealthy lifestyle and consumption of a poor diet is the reason behind the growth in the occurrence of arrhythmias.

Our in-depth analysis of the global cardiac implants market includes the following segments: