Cardiac Surgery Instruments Market Share, Growth And Size Analysis By Type (Forceps, Graspers, Clamps, Scissors, Retractors, Spreaders, Graspers, And Others); By Application (Coronary Artery Bypass Grafting (Cabg), Valve Repair Or Replacement, Aneurysm Repair, Heart Transplant, And Others); Type Of Material (Stainless Steel, Tungsten Carbide, And Others); By End User (Hospitals And Ambulatory Surgery Centers)- Forecast To 2023
Global Cardiac Surgery Instruments Market size was valued USD 1.1 billion in 2015 and expected to reach USD 1.75 billion at a CAGR of 6.9% during the forecast period (2016-2023). With the increasing number of people suffering from heart problems across the globe, the rate of cardiac surgeries is also on the rise. Cardiac surgery comprises various types of procedures, which are performed by a cardiac surgeon. This type of surgery helps in treating cardiac complications, including atherosclerosis, ischemic heart diseases, heart failure, and coronary artery diseases. The instruments used for performing cardiac surgery are cardiopulmonary bypass equipment, beating heart surgery systems, perfusion disposable and cardiac ablation devices.
Trade pundits have noted a steady growth of the worldwide cardiac surgery instruments market in recent years. The increasing incidences of cardiac diseases, expanding geriatric population and growing investments by government bodies have benefitted the market. But the surge in adoption of alternative surgical techniques could have a debilitating effect on the market in the years ahead.
On the bright side, mounting cases of obesity, technological advancement in cardiac instruments, and poor nutrition are perceived to expand the market’s size in the ensuing years.
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Cardiac Surgery Instruments Market Segmentation
Cardiac surgery Instruments market has been segmented on the basis of type, application, type of material, and end-user.
The types of cardiac surgery instruments are forceps, graspers, clamps, scissors, retractors, spreaders, graspers, and others.
With respect to application, the market caters to coronary artery bypass grafting (CABG), valve repair or replacement, aneurysm repair, heart transplant, and others.
The types of materials covered by the report are stainless steel, tungsten carbide, and others.
The end-user-based segments in the market are hospitals and ambulatory surgery centers.
Cardiac Surgery Instruments Market Key Players:
The key companies competing in the Cardiac Surgery Instruments Market are
- Surtex Instruments Limited (UK)
- Stryker (US)
- STILLE (Sweden)
- Delacroix-Chevalier (France)
- SIM Surgical (US)
- Gebrüder Martin GmbH & Co. KG (Germany)
- Braun Melsungen AG (Germany)
- DEALMED MEDICAL SUPPLIES LLC (US)
- MedServ International (Germany)
- Johnson & Johnson Services, Inc. (US)
Cardiac Surgery Instruments Market Regional Insight
The Cardiac Surgery Instruments Industry is spread across the primary regions of Asia Pacific, Europe, North America, and the rest of the world (RoW).
America is touted to be the leading region in the global cardiac surgery instruments market. In the region, the United States (U.S.) has been identified as the biggest market. The strong growth of the market is the result of the increasing number of awareness programs and a high incidence of cardiac diseases. The region houses a large number of hospitals, in addition to a surge in funding for cardiac research, all of which are working in favor of the cardiac surgery instruments market.
The Europe market is also observing somewhat similar growth, seizing the second-largest share of the global market. Expanding diabetic population paired with rising consumption of alcohol are the prime factors backing the said market growth. The surge in the obese population, burgeoning aging population, and increase in hypertension are additional factors promoting the market development in the region.
With the fastest growth rate, Asia Pacific is expected to be an important region in the global cardiac surgery instruments market in the forthcoming years. The region notes a high prevalence of cardiovascular diseases (CVDs), particularly in emerging nations. This factor helps the market draw massive revenues, as the demand for cardiac surgery instruments is escalating quickly. The presence of a large number of lifestyle-based diseases is increasing the morbidity and mortality of cardiovascular diseases within the region.
Rest of the World is perceived to have a restricted but consistent market growth. The increasing demand for advanced cardiac surgery instruments to improve surgical outcomes is substantiating the cardiac surgery instruments market’s foundation in the region.
1 Report Prologue
2.2 Scope Of The Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.4 Mega Trends
4.5 Macroeconomic Indicators
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger And Acquisition Landscape
5.7 Upcoming Trends
5.7.1 Market Trends
5.7.2 Technological Trends
5.7.3 Insurance & Regulations
6 Cardiac Surgery Instruments Market By Type
7 Cardiac Surgery Instruments Market By Application
8 Cardiac Surgery Instruments Market By Type Of Material
9 Cardiac Surgery Instruments Market By End User
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