The global cardiovascular repair and reconstruction devices market is expected to grow significantly, from US$ 8,241.1 million in 2023 to US$ 25,122.3 million by 2033. From 2023 to 2033, the market for cardiovascular repair and reconstruction devices is expected to develop at an effective compound annual growth rate (CAGR) of 11.8%.
Heart valve issues, coronary artery disease, and congenital heart anomalies are just a few of the cardiovascular disorders that can be treated with devices for cardiovascular reconstruction and repair. As the global burden of cardiovascular disorders rises as a result of aging populations, sedentary lifestyles, and rising prevalence of risk factors like diabetes and hypertension, the need for advanced cardiovascular devices is expected to soar..
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Key Players:
- APPLE INC.
- SONOVA
- ABBOTT
- SAMSUNG ELECTRONICS CO., LTD.
- MEDTRONIC
- ACTIVINSIGHTS LTD.
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Recent Developments in the Cardiovascular Repair & Reconstruction Devices Industry:
- Medtronic:
- Introduction of the Next-Generation Transcatheter Heart Valve System, offering improved procedural outcomes and enhanced durability.
- Collaboration with prominent research institutions to advance regenerative medicine therapies for cardiovascular repair.
- Abbott Laboratories:
- Launch of the MitraClip G4, a minimally invasive device for mitral valve repair, providing enhanced precision and patient outcomes.
- Investment in research and development for bioresorbable stents, aiming to revolutionize the field of cardiovascular reconstruction.
- Edwards Lifesciences:
- Development of innovative technologies, such as the SAPIEN 3 Ultra transcatheter aortic valve, delivering enhanced performance and durability.
- Strategic partnerships with leading healthcare providers to streamline the adoption of advanced cardiovascular repair devices.
Key segments:
By Product:
- Valve repair devices
- TAVR
- TMVR
- Vascular Grafts
- Peripheral vascular grafts
- Aortic Graft
- Cardiovascular Patches
By End User:
- Hospitals
- Independent Cardiac Catheterization Labs
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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