Knowledge Sourcing Intelligence Blog

Introduction The global market size for the cardiac implant devices market is projected to grow with a decent CAGR during the forecast period(2018-2024). Growing global geriatric population is one of the major drivers of the cardiac implant devices market. The rising aging population is boosting the demand for cardiac transplants as the demographic shift towards an older population is putting a higher burden of coronary heart disease worldwide. Factors such as increased life expectancy and declining fertility are the key factors behind the growing aging population across the globe.                                    According to the United Nations statistics, the number of people aged 60 years or above is projected to increase from 962.3 million in 2017 to 2080.5 million by 2050. Since aged people are the most susceptive to suffer from heart diseases, the demand for cardiac disease implants is growing significantly, thus positively impacting the growth of cardiac implant dev

By the end of 2024, the global market size for the cardiac implant devices market is projected to grow with a CAGR of 4.30 percent to reach USD40.300 billion from USD31.300 billion in 2018. The growing burden of cardiovascular diseases worldwide along with growing health expenditure are the major drivers driving the growth of the global cardiac implant devices market during the forecast period. Additionally, the growing geriatric population is further propelling the market growth owing to the growing age-associated cardiac diseases, thus, creating the demand for the cardiac implant devices during the forecast period.                               Moreover, technological advancements will provide an opportunity for the market to thrive in the upcoming years owing to the growing number of clinical trials worldwide. Geographically, North America is expected to hold the largest market share of the global cardiac implant devices market owing to the highest health expenditure of the U