Global Cardiac Implants Market 2018-2022
Globally, the prevalence of CVDs is steadily increasing. CVDs are estimated caused to approximately 19 million death globally by 2021. The prevalence of CVDs increases significantly with the age. According to World Bank grownup, the population aged 65 years and above increased from 7.64% in 2010 to 8.7%in 2017 globally. These factors are expected to raise the demand for cardiac implants which in turn drive the market growth. According to industry experts, the slit lamps market, will grow at a CAGR of about 4% during the forecast period.
Increasing prevalence of CVDs
The prevalence of CVDs in increasing which dependent on the age. Furthermore, the associated risk factor of CVDs such as blood pressure, obesity, smoking and alcohol consumption are also on the rise. Such factors propelled the demand for cardiac implants.
High cost of cardiac implants and implantation procedures
Vendors offering implantable devices can maintain high prices are part due to structural barriers to competition such as complex, cost regulatory approval process, and patient protection. Therefore, the high cost of cardiac implants and procedures is hampering the growth of the market during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the cardiac implants market during the 2018-2022, view our report.
The cardiac implants market is highly concentrated with the presence of a few cardiac implant manufacturers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Cardiac Implants Market 2018-2022
Technavio recognizes the following companies as the key players in the global cardiac implants market: Abbott, BIOTRONIK, Boston Scientific, Medtronic.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the vendors are increasingly focus in their R&D efforts for the development of innovative cardiac impacts.”
According to the report, one of the major drivers for this market is the growing awareness initiatives and access to healthcare.
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