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Metal Implants Medical Alloys Market Growth Projections and Opportunities
The worldwide market for cardiovascular applications is growing steadily. It is predicted to reach USD 36,730.5 million by 2023, up from USD 20,750.0 million in 2016. This growth is happening at a rate of 7.24% every year from 2017 to 2023. The global market for cardiovascular applications is mainly divided based on the device used, the end user, and the region where it is being used.
When we look at the devices used in cardiovascular applications, they are categorized into cardiac monitors, cardiac pacemakers, cardiac defibrillators, and others. In the cardiac monitor category, we have Resting ECG, ECG Monitors, Holter Monitors, and Implantable loop Recorder. For cardiac pacemakers, we have implantable cardiac pacemakers and external cardiac pacemakers. Implantable cardiac pacemakers are further divided into single chamber pacemakers, double chamber pacemakers, and biventricular pacemakers. Lastly, cardiac defibrillators are divided into implantable cardioverter defibrillators and external defibrillators.
Among these, the cardiac defibrillators category holds the largest share in the global cardiovascular application market, making up 41.3% of the total market in 2016. The cardiac defibrillator market is expected to grow, reaching USD 14,735.7 million by 2023, compared to USD 8,569.9 million in 2016. This growth is anticipated to happen at a rate of 6.86% annually from 2017 to 2023.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 8.4% (2023-2032 |
Metal Implants Medical Alloys Market Highlights:
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