Cardiac Prosthetic Devices Market Size and Share
Cardiac Prosthetic Devices Market Analysis by Mordor Intelligence
The cardiac prosthetic devices market size reached USD 8.49 billion in 2025 and is forecast to expand to USD 12.96 billion by 2030, registering an 8.83% CAGR during the period. Rising life expectancy, expanding indications for transcatheter procedures, and continuous device miniaturization collectively underpin this steady advance. Manufacturers are capitalizing on the rapid uptake of catheter-based aortic and mitral valve replacements, which enable treatment of elderly or high-risk patients who previously lacked surgical options [1]Edwards Lifesciences, "Edwards’ EVOQUE Valve Replacement System First Transcatheter Therapy to Earn FDA Approval for Tricuspid Valve," edwards.com. At the same time, remote monitoring software embedded in next-generation pacemakers is unlocking subscription-type revenues for device makers while reducing follow-up burdens on cardiology clinics. Competitive pressure is intensifying around pulsed-field ablation platforms that promise shorter treatment times and fewer complications, forcing incumbents to accelerate R&D road-maps. Finally, hospitals and ambulatory centers alike are benefiting from payer support for same-day discharge, a policy trend that amplifies procedure volumes without proportionally raising facility overheads.
Key Report Takeaways
- By product type, pacemakers led the cardiac prosthetic devices market share with 60.61% in 2024, whereas heart valves are projected to post the fastest 9.56% CAGR through 2030.
- By material, metal alloys accounted for 57.89% of the cardiac prosthetic devices market size in 2024, while biological tissue is set to advance at a 9.75% CAGR to 2030.
- By end user, hospitals handled 65.44% of total implant volume in 2024; ambulatory surgical centers are expected to record the highest 9.69% CAGR over the forecast horizon.
- By geography, North America captured 41.29% revenue share in 2024, whereas Asia-Pacific is on track for a 9.91% CAGR through 2030.
Global Cardiac Prosthetic Devices Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rise in prevalence of cardiac diseases & ageing population | +1.8% | Global, most acute in North America & Europe | Long term (≥ 4 years) |
| Rapid adoption of minimally-invasive TAVR procedures | +2.1% | North America & EU lead, Asia-Pacific follows | Medium term (2-4 years) |
| Continuous technology upgrades in leadless & MRI-safe pacemakers | +1.2% | Global, early uptake in developed markets | Medium term (2-4 years) |
| Favourable reimbursement pathways in US, EU & Japan | +0.9% | North America, Europe, Japan | Short term (≤ 2 years) |
| AI-driven remote programming & monitoring of pacemakers | +1.1% | North America & EU core, spill-over to Asia-Pacific | Long term (≥ 4 years) |
| Polymeric RESILIA-like valves extending durability beyond 25 years | +0.7% | Premium global segment | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Rise in prevalence of cardiac diseases & ageing population
Cardiovascular disease incidence climbs steeply after age 65, and the share of citizens in that age bracket now exceeds 17% in the United States, 21% in Japan and 20% across Western Europe. Higher life expectancy therefore enlarges the pool of patients living long enough to develop severe aortic stenosis, atrial fibrillation or heart failure that necessitate implant therapy. Longer survivorship also raises clinical expectations for device longevity, which pushes vendors to engineer valves that can last decades without re-operation. Geriatric patients tend to favor minimally-invasive therapies that shorten hospital stays, reinforcing demand for transcatheter solutions. Together these demographic forces are expanding procedure volumes as well as unit prices, supporting sustained revenue growth for the cardiac prosthetic devices market.
Rapid adoption of minimally-invasive TAVR procedures
Transcatheter aortic valve replacement (TAVR) has shifted from a high-risk niche therapy to a mainstream option endorsed for low-risk patients after five-year data confirmed comparable survival versus open surgery. Hospitals gain operational efficiencies because typical length of stay falls below two days, freeing capacity in crowded cardiac wards. Valve-in-valve techniques further widen the addressable pool by treating degenerated bioprostheses without sternotomy, a capability especially valued by elderly patients. Next-generation platforms now feature enlarged commissural alignment and easier coronary access, ensuring future percutaneous coronary interventions remain feasible. As payer policies increasingly reimburse TAVR outside tertiary centers, procedure counts accelerate, amplifying the positive impact on the cardiac prosthetic devices market CAGR.
Continuous technology upgrades in leadless & MRI-safe pacemakers
Traditional transvenous leads are implicated in nearly 55% of long-term pacemaker complications, including fracture, infection and venous occlusion. Leadless systems eliminate these risks by positioning the pulse generator directly inside the ventricle and anchoring via nitinol tines. Dual-chamber variants, now commercially available in Europe, replicate physiologic pacing while preserving the cosmetic and infection advantages of their single-chamber predecessors. MRI-conditional designs allow full-body scans at 1.5 T and 3 T fields, a feature increasingly critical because over 70% of cardiac device patients will need magnetic resonance imaging within their lifetime. Collectively, these iterative upgrades refresh the mature pacemaker segment and sustain premium price points within the cardiac prosthetic devices market.
Favourable reimbursement pathways in US, EU & Japan
Medicare expanded coverage of TAVR to low-surgical-risk patients in 2024, instantly enlarging the billable population by an estimated 30%. Parallel decisions by the German G-BA and the French HAS confirmed public payment for transcatheter mitral and tricuspid valves that meet strict clinical-evidence thresholds. In Japan, the Ministry of Health, Labour and Welfare provides separate reimbursement for AI-enabled pacemaker remote monitoring services, thereby transforming what was once a cost center for hospitals into an attractive revenue stream. These policy endorsements compress adoption curves for innovative implants, reinforcing topline growth across every major regional slice of the cardiac prosthetic devices market.
Restraints Impact Analysis
| Restraint | (≈) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Stringent multi-region regulatory approvals | –0.8% | Global, acute in EU under MDR | Medium term (2-4 years) |
| High procedure & device cost, limited access in LMICs | –1.2% | Primarily LMICs, knock-on effects in emerging markets | Long term (≥ 4 years) |
| Dependency on bovine & porcine tissue supply chains | –0.6% | Global, concentrated among biological valve makers | Short term (≤ 2 years) |
| Catheter-based ablation therapies delaying implant need | –0.4% | North America & EU, gradual Asia-Pacific uptake | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Stringent multi-region regulatory approvals
The European Medical Device Regulation (MDR) enforces clinical-evidence requirements that roughly triple the documentation burden relative to the former CE-mark process, adding 18-24 months to typical approval timelines and inflating pre-market costs by USD 12 million per high-risk device according to company filings [2]Bijaya Chettri, "A comparative study of medical device regulation between countries based on their economies," Expert Review of Medical Devices, tandfonline.com. Simultaneously, the U.S. FDA’s requirement for long-term post-approval studies places ongoing resource demands on manufacturers. Smaller innovators struggle to finance these obligations, leading several to out-license promising technologies or exit the field entirely. Multinational players can absorb the expense, but the longer path to revenue delays return on R&D spending, marginally dampening the CAGR of the cardiac prosthetic devices market during the forecast window.
High procedure & device cost, limited access in LMICs
A TAVR implantation package, including diagnostics, valve, delivery catheter and hospitalization, typically exceeds USD 40,000 in the United States, a figure beyond the reach of many healthcare systems in low- and middle-income countries. Even where public insurance exists, co-payments can equal several months of household income, forcing patients to defer treatment until symptom escalation mandates emergency care. Hospitals in these regions also face capital constraints that limit acquisition of hybrid operating rooms and advanced imaging modalities needed to run transcatheter programs efficiently. Consequently, penetration rates remain low in populous territories such as India, Nigeria and Indonesia, capping the global revenue potential of the cardiac prosthetic devices market despite its compelling clinical value.
Segment Analysis
By Product Type: Heart Valves Drive Premium Growth
Heart valves contributed 9.56% CAGR through 2030, outpacing every other category even though pacemakers retained a 60.61% cardiac prosthetic devices market share in 2024. TAVR, TMVR and emerging transcatheter tricuspid systems have expanded the treatable patient pool while commanding high average selling prices that lift overall revenue. Hospitals prize the rapid recovery dynamics of these implants, and patients value the avoidance of sternotomy, fueling sustained double-digit annual procedure growth. Pacemaker sales remain resilient due to the sheer size of the bradyarrhythmia population, yet their mature status and pricing compression restrain segment expansion. The others segment, including ventricular assist devices, continues to receive breakthrough-device designations, suggesting a long-term upswing that could diversify revenue beyond the core rhythm-management base, but near-term contribution remains modest.
Second-generation tissue valves integrating anti-calcification chemistry now capture share from mechanical valves, especially in patients aged 50-65 who prefer to avoid lifelong anticoagulation. Simultaneously, leadless pacemakers with AI-enabled analytics are carving a premium sub-segment even within a plateauing category. The combined effect is a gradual tilt of the product mix toward higher-margin, technology-rich solutions that sustain the broader cardiac prosthetic devices market growth trajectory.
Note: Segment shares of all individual segments available upon report purchase
By Material: Biological Tissue Innovation Accelerates
Biological tissue recorded a 9.75% CAGR, eclipsing the growth of metal alloys that still represent 57.89% of 2024 revenue. The shift is linked to improved leaflet preservation processes that extend implant life and broaden clinical eligibility down to younger patients. Polymeric-hybrid valves under development may further accelerate biologic displacement by delivering both durability and hemodynamic excellence. However, pacemaker generators and ICD cans will continue to rely on titanium alloys because of their superior corrosion resistance and electromagnetic shielding, ensuring metals retain a large absolute share of the cardiac prosthetic devices market size. Advanced surface coatings that reduce biofilm formation could bolster the competitiveness of metallic implants, but the primary growth spotlight will stay on biologic innovations.
Metal component suppliers face margin pressure as competition from lower-cost contract manufacturers in Southeast Asia intensifies. To differentiate, leading firms are integrating additive-manufacturing techniques that shorten development cycles for complex delivery-system parts. Composite materials are gaining traction in delivery catheters where stiffness and flexibility must coexist, illustrating that material-science progress is permeating every corner of the cardiac prosthetic devices market [3]Raquel Ahnert Aguiar Evangelista, "A chronological history of heart valve prostheses to offer perspectives of their limitations," Frontiers in Bioengineering and Biotechnology, frontiers.org.
By End User: ASCs Capture Procedural Migration
Ambulatory surgical centers (ASCs) registered the fastest 9.69% CAGR, riding policy waves that reimburse same-day TAVR and leadless pacemaker procedures outside traditional hospital walls. Purpose-built catheter suites foster high throughput with lean staffing, allowing ASCs to price competitively while maintaining attractive margins. Hospitals still command 65.44% of volume because they manage complex multi-valve cases, emergent situations and patients with significant co-morbidities. Nevertheless, administrators are redesigning inpatient programs to emulate ASC efficiency, creating a blended care continuum that shares clinical protocols and data platforms. Specialty clinics focusing on heart-rhythm disorders or valve disease are also proliferating and act as referral hubs that funnel well-optimized candidates into ASC pipelines, further amplifying outpatient growth momentum.
The procedural migration exerts design pressure on device makers to simplify deployment and shorten learning curves. Companies that embed step-by-step imaging guidance into delivery handles or integrate hemostatic sealing into introducer sheaths gain a competitive edge in resource-constrained ASC environments. Over time, the outpatient shift is expected to redistribute capital-equipment spending toward compact fluoroscopy units and cloud-connected monitoring stations, extending ripple effects beyond the core implant devices within the cardiac prosthetic devices market.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
North America leads global revenue, accounting for 41.29% in 2024 as Medicare broadened TAVR coverage to low-risk cohorts and approved ambulatory billing codes. The presence of vast clinical-trial networks facilitates first-in-human studies, often granting U.S. facilities 12–18-month lead time over international peers in new-technology adoption. Regulatory programs such as the FDA Breakthrough Device pathway shorten time-to-market for transformative platforms, further cementing the region’s leadership. Yet margin compression is inevitable as value-based purchasing agreements and bundled payments expand; leading manufacturers hedge by bundling digital services and extended warranties into pricing proposals to preserve ASPs.
Asia-Pacific is the fastest climber at 9.91% CAGR, supported by governmental push to modernize tertiary care and a burgeoning middle class able to self-pay for advanced interventions. Chinese Centers for Excellence grants subsidize the capital expenditure for hybrid operating suites, unlocking latent demand. Japan’s revised reimbursement schedule recognizes AI-driven remote monitoring codes, creating recurring revenue that stabilizes vendor cash flows. Although per-patient spend is lower than in North America, population scale compensates, and local manufacturing partnerships reduce import tariffs, improving affordability.
Europe demonstrates steady mid-single-digit expansion as universal-payer models shield procedure volumes from economic volatility. Germany’s DRG system rewards shorter length of stay, directly benefiting transcatheter approaches. The MDR imposes up-front costs but enhances patient confidence in device safety, indirectly supporting adoption. Meanwhile, the United Kingdom’s Medicines & Healthcare products Regulatory Agency is piloting an expedited review for implantables post-Brexit, offering an alternate fast-track to market for companies willing to invest in localized evidence generation. Collectively, these regional dynamics shape a balanced growth mosaic that underpins the upward trajectory of the cardiac prosthetic devices market.
Competitive Landscape
The market is moderately concentrated: top five suppliers account for roughly 72% of global revenue, creating meaningful entry barriers yet leaving room for nimble innovators. Incumbents deploy full-line portfolios spanning valves, rhythm products and heart-failure solutions, enabling multiproduct contracts that lock in provider loyalty. Edwards Lifesciences deepens its moat with continuous valve-platform evolution, evidenced by the 2025 CE-mark approval of its SAPIEN M3 mitral system. Medtronic answers with the Evolut FX+ valve featuring oversized coronary access ports that appeal to interventional cardiologists planning future PCI procedures. Abbott and Boston Scientific continue to invest in leadless and battery-less pacing concepts, hoping to leapfrog competitors in miniaturization and longevity.
Meanwhile, Chinese players such as MicroPort are scaling aggressively at home and submitting dossiers to Western regulators, introducing price tension in tender markets. Strategic collaboration between western OEMs and contract manufacturers in Malaysia and Vietnam aims to sharpen cost positions without compromising quality. Start-ups specializing in polymeric valves or wirelessly powered CRT devices often seek licensing deals rather than solo commercialization, reinforcing incumbent dominance. The data-analytics layer is emerging as a new battleground, with proprietary algorithms delivering predictive alerts that differentiate devices beyond raw hardware metrics, tightening vendor lock-in across the cardiac prosthetic devices market.
Cardiac Prosthetic Devices Industry Leaders
-
Abbott Laboratories
-
LivaNova PLC
-
Medtronic plc
-
Boston Scientific Corporation
-
Edwards Lifesciences Corporation
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- April 2025: Edwards Lifesciences secured a CE mark for the SAPIEN M3 transcatheter mitral valve, adding a crucial product to its structural-heart portfolio
- March 2025: MicroPort CRM launched the TEN pacemaker family in China, marking the firm’s first domestically manufactured MRI-safe generator line.
- October 2024: Medtronic obtained CE mark for the Evolut FX+ TAVR system, featuring expanded coronary access windows for easier future interventions.
- February 2024: Edwards Lifesciences received FDA approval for the EVOQUE tricuspid replacement valve, the first transcatheter therapy sanctioned for functional tricuspid regurgitation.
Global Cardiac Prosthetic Devices Market Report Scope
As per the scope of the report, cardiac prosthetic devices are used to replace or support the function of damaged or infirm heart tissues or organs that help the cardiac functioning of the patients. Heart valve replacement devices and pacemakers have drawn a major attraction, with a steep rise in cardiac failure cases in recent years driving the market for cardiac prosthetic devices. The Cardiac Prosthetic Devices Market is Segmented by Product (Heart Valves and Pacemakers) and Geography (North America, Europe, Asia-Pacific, Middle East, Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| Heart Valves | Mechanical Valves |
| Tissue Valves | |
| Transcatheter Valves | |
| Pacemakers | Leaded |
| Leadless | |
| Others |
| Metal Alloys |
| Biological Tissue |
| Polymeric and Hybrid |
| Hospitals |
| Specilaty Clinics |
| Ambulatory Surgical Centres |
| Others |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Rest of Europe | |
| Asia-Pacific | China |
| Japan | |
| India | |
| Australia | |
| South Korea | |
| Rest of Asia-Pacific | |
| Middle East and Africa | GCC |
| South Africa | |
| Rest of Middle East and Africa | |
| South America | Brazil |
| Argentina | |
| Rest of South America |
| By Product Type | Heart Valves | Mechanical Valves |
| Tissue Valves | ||
| Transcatheter Valves | ||
| Pacemakers | Leaded | |
| Leadless | ||
| Others | ||
| By Material | Metal Alloys | |
| Biological Tissue | ||
| Polymeric and Hybrid | ||
| By End User | Hospitals | |
| Specilaty Clinics | ||
| Ambulatory Surgical Centres | ||
| Others | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Middle East and Africa | GCC | |
| South Africa | ||
| Rest of Middle East and Africa | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
Key Questions Answered in the Report
How large is the cardiac prosthetic devices market in 2025?
The cardiac prosthetic devices market size reached USD 8.49 billion in 2025.
What is the expected growth rate for cardiac prosthetic implants to 2030?
Revenue is projected to rise at an 8.83% CAGR, taking the market to USD 12.96 billion by 2030.
Which product category leads in revenue?
Pacemakers held 60.61% of 2024 revenue, making them the largest cardiac prosthetic segment.
Which region is expanding fastest?
Asia-Pacific is forecast to post a 9.91% CAGR through 2030, the highest among all regions.
What driver most affects future demand?
The rapid shift toward catheter-based valve replacements adds 2.1% to the forecast CAGR.
How strong is competition among suppliers?
The top five companies control roughly 72% of revenue, giving the market a moderate concentration score of 7.
Page last updated on: