US: 1.917.963.8646 (24x5)
UK: 44.330.808.0580 (24x5)
Worldwide: 91.703.051.960 (24x7)
Global Cardiac Surgery Instruments Market 2021: By Product (Forceps, Clamps, Scalpels, Scissors, Needle Holders, Others), By Application (Coronary Artery Bypass Grafting, Heart Valve Surgery, Pediatric Surgery, Heart Transplant, Others), By End-use (Hospitals, Ambulatory Surgical Centers)Global Cardiac Surgery Instruments Market is the title of an upcoming market research report, which will be ready and available at Trusted Business Insights shortly. The report majorly focuses on leveraging expert inputs and opinions, as well as on exhaustive primary and secondary data gathered through in-depth research. Sales and revenue are based on projected, estimated and historical revenue. In the report, an extensive range of data and information have been considered to reach at intelligent conclusions and to present the findings for the global market. In addition, critical information and data have been considered about market growth, threats, key trends, potential revenue opportunities, driving factors, and potential restraints in regions and countries. The report also contains detailed information and data on key players of the global market such as strategies, recent developments, mergers, and acquisitions, etc. The report is segmented on the basis of product, application, end-use, and region. The Global Cardiac Surgery Instruments market size was valued at USD $1.68 Billion in 2020, USD $1.78 Billion in 2021, forecasted to reach USD $1.88 Billion in 2022, and is projected to reach USD $2.99 Billion by 2030, and is anticipated to expand at a CAGR of 5.7% over the forecast period from 2020 to 2030.
OverviewCardiac surgery is surgery that is performed on the heart or the great vessels by cardiac surgeons. The surgery also includes transplantation of the heart. Usually, there are three types of surgical instruments, which are used for any surgery. Cutting instruments are surgical blades, scissors, scalpels, and knives. Holding or grasping instruments include tissue forceps or hemostatic forceps. Retractors, which are used to keep an organ open, include weitlaner, gelpi, and US army style instruments. Cardiovascular instruments are instruments used to treat heart, veins, and arteries. Instruments known as cardiothoracic instruments are primarily used to treat heart, lungs, esophagus, and many other organs that are within the chest. Cardiovascular instruments include high- quality microsurgical instruments such as forceps, scissors, needle holders, clamps such as bulldog, vascular, aorta, and anastomosis, occlusion clips, titanium instruments, rib spreaders, valve retractors, and more. These instruments for cardiac surgery are designed according to the use of it. Most of the surgical instruments are designed for specific operation or surgery while some are designed for general use.
DynamicsAccording to the US heart association, around 50% of adult population IN US has some kind of cardiovascular issue. Among some of the major factors driving growth of the global cardiac surgery instruments market are increasing prevalence of cardiovascular disease, growing healthcare investment, rising incidence of diabetes, and technological advancements. Another major factor driving growth of the global market is increasing aging population. Attributed to rising vascular malfunction and rise in congenital defects in geriatric population, demand for the product is expected to further drive in the global cardiac surgery instruments market during the forecast period. Moreover, unhealthy lifestyle and physical inactivity has been increasing the number of serious incidence of cardiovascular conditions. In addition, sedentary lifestyle, consumption of junk food, and mental stress are expected to drive the global market during the forecast period. Owing to growing number of cardiac surgeries and increasing number of geriatric population, the demand for cardia surgeons is expected to be doubled during the forecast period, which in turn is expected to drive growth of the global cardiac surgery instruments market. Growing adoption of advanced medical products and improving the healthcare sector are other factors increasing demand for the product.
Global Cardiac Surgery Instruments Market Segment Analysis:By Product: Among the product segments, the forceps segment is expected to account for majority revenue share in the global cardiac surgery instruments market during the forecast period. This growth is attributed to rising number of cardiac surgeries and growth in availability of various types of these instruments such as vascular forceps & grasping. By Application: The coronary artery bypass grafting segment among the application segments is projected to account for highest compounded annual growth rate in the global cardiac surgery instruments market, and the trend is expected to continue over the forecast period. This is attributed to increasing number of coronary artery disease globally, which needs surgery.
Global Cardiac Surgery Instruments Market Regional Analysis:The market in North America continues to account for highest revenue share, and the trend is expected to continue over the forecast period, and this growth is attributed to the well-established healthcare sector in the region. In addition, growth of the market in the region is attributed to increasing prevalence of cardiac disorders and surgeries and high adoption of advanced tools and devices.
Below are the leading companies profiled in this Cardiac Surgery Instruments Market Report:
Chapter 1 Methodology and Scope