Cardiac Implants Market Size

Cardiac Implants Market size was over USD 27.1 Billion in 2023 and is anticipated to cross USD 77.33 Billion by the end of 2036, witnessing more than 8.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cardiac implants is estimated at USD 29.15 Billion. The major factor for the growth of the global cardiac implants market in the upcoming years is the rising prevalence of cardiovascular diseases and heart diseases among the global population owing to the rapid shift towards unhealthy lifestyles and consumption of junk. As per the World Health Organization (WHO), cardiovascular diseases are considered to be one of the major causes of death worldwide. Further, a recent report stated that approximately 17.9 million people across the world lost their lives in 2019 which is equivalent to 32% of the entire global deaths owing to growing cardiovascular diseases.

Apart from the aforementioned factors, one of the other major factors that are attributed to market growth is the rapid escalation of heart failure cases which is expected to positively influence the demand for cardiac implants around the world. Also, the surge in the number of heart attacks, heart strokes, and other chronic heart ailments is anticipated to bring lucrative growth opportunities for market growth during the forecast period. Moreover, the change in lifestyles such as unhealthy dietary patterns, high-stress levels, excessive alcohol consumption, increase in cigarette usage, and reduced physical activity has also propelled several heart disorders and is also estimated to boost the expansion of market growth in the next few years. The occurrence of lifestyle disorders such as diabetes and obesity is also forecasted to generate a demand for cardiac implants which in turn is expected to aid market growth. In addition to that, the growing geriatric population which is more prone to medical conditions along with significant improvements in the healthcare infrastructure is also contributing to the market growth. Additionally, the preference for minimally invasive surgeries and integration of artificial intelligence (AI) for advanced algorithms for early detection of heart disease, enhanced treatment of strokes, and faster diagnostic radiology capabilities are also estimated to create a positive outlook for the market. In addition to the other factors, the surge in the awareness levels about the numerous benefits of cardiac implants coupled with the recent advancements in the medical sector and increasing research and development (R&D) activities are offering favorable growth opportunities to market key players.