Cardiac prosthetic devices market to grow 7.08% CAGR growth until 2028

It is driven by a rising demand for alternatives to traditional heart repair methods.

The global market for cardiac prosthetic devices is anticipated to grow by $5.07b at an estimated compound annual growth rate (CAGR) of 7.08% until 2028, according to Technavio.

The market is driven by an increasing demand for alternatives to traditional heart repair methods and the rising prevalence of cardiac disorders.

Meanwhile, advances in interventional cardiology, such as transcatheter aortic valve replacement (TAVR), have made the market shift from traditional open-heart surgeries to minimally invasive valve replacement procedures.

Additional key trends fuelling market expansion include the development of smaller pacemakers and innovations in valve technologies.

By product, the heart valves segment is expected to further drive the market after witnessing substantial growth in 2023.

This is attributed to an increase in procedural volumes, a growing prevalence of valvular heart disease, and the presence of technological advancements within the forecast period.