The global cardiovascular repair and reconstruction devices market is anticipated to increase dramatically, reaching USD 25,122.3 million by 2033 from USD 8,241.1 million in 2023. The cardiovascular repair and reconstruction devices market is projected to increase at an effective compound annual growth rate (CAGR) of 11.8% between 2023 and 2033.
Cardiovascular reconstruction and repair devices can be used to treat a variety of cardiovascular illnesses, including heart valve problems, coronary artery disease, and congenital heart defects. The need for improved cardiovascular devices is predicted to skyrocket as the burden of cardiovascular illnesses rises globally due to aging populations, sedentary lifestyles, and increased prevalence of risk factors including diabetes and hypertension.
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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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