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Global Cardiac Surgery Instruments Market Outlook to 2029

Market Research Report | 2024 Edition | Report ID: BQ02816
Global Cardiac Surgery Instruments Market Outlook to 2029

Report Description

Cardiovascular surgery devices and equipment are utilized in cardiac surgery and other cardiovascular procedures to repair structural defects of the cardiovascular system and blocked valves and vessels. According to BlueQuark the Global Cardiac Surgery Instruments Market is expected to grow considerably during the forecasted period. Factors such as the increased prevalence of cardiac diseases, diabetes, and lifestyle disorders are expected to drive the Cardiac Surgery Instruments Market in the forecasted period. Further, the growing adoption of advanced medical products, improvements in the healthcare sector, and a rising number of technological advancements are predicted to drive the Cardiac Surgery Instruments Market in the forecasted period. Furthermore, the surge in the geriatric population with rising co-morbidities, rise in excessive cigarette use and increase in the number of people suffering from obesity are expected to drive the Cardiac Surgery Instruments Market in the forecasted period. However, Stringent government regulation of medical devices and price caps for medical devices are expected to restrain the Cardiac Surgery Instruments Market in the forecasted period.

Cardiac surgery devices are devices used during an open-heart procedure to repair structural defects in the cardiovascular system, such as coronary artery bypass grafting, congenital heart defects, abdominal aortic aneurysm pair, ventricular remodelling, and implantation of cardiac assist devices. Devices such as heart-lung machines are used during cardiothoracic surgery and are most commonly used to perform a cardiopulmonary bypass.

The extension in the prevalence of cardiovascular diseases (CVDs) globally is one of the major factors propelling the growth of the cardiac surgery instruments market. The initiation of technologically advanced pacemakers, such as leadless pacemakers and MRI-safe pacemakers, as well as favourable government policies, propels the market forward. The drivers of the worldwide demand for cardiovascular surgical devices are the growing incidence of cardiovascular illnesses and the ageing population. In addition, it is expected that rising sedentary lifestyles, co-morbidities, excessive cigarette use, diabetes, and an increase in the number of obese individuals would drive the worldwide market for cardiovascular surgical devices. Additionally, new developments in medical device technology are boosting the industry's expansion. Heart disease and other medical disorders are detected and treated using cardiac surgical Devices. Heart surgeons must conduct cardiac surgery to treat heart difficulties or illnesses such as valvular heart disease and congenital heart disease. The term "cardiac surgical device" refers to any surgical operation involving the heart or a blood artery and the use of equipment. Cardiopulmonary bypass equipment, disposables for perfusion, cardiac ablation tools, and beating heart surgery systems are a few examples of surgical instruments. Due to the rising frequency of heart disorders worldwide, there are cardiac operations performed, which subsequently raises the need for cardiac surgery instruments. A therapy used to treat cardiac arrhythmias is catheter ablation. With the availability of a wide range of catheter ablation products from Medtronic, it is anticipated that demand for cardiac surgical devices will grow in the years to come as atrial fibrillation rates rise. There are several significant companies in the cardiac surgical devices market.

North America leads the cardiac surgery instruments market owing to the prevalence of cardiac disorders and the increasing adoption of advanced surgery tools and devices in the region. In contrast, Asia-Pacific is expected to grow fastest during the forecasted period due to the region's increasing geriatric population and the growing number of cardiac surgeries. With an increasing number of cardiac surgeries and a rising senior population with a higher predisposition, the need for cardiac surgeons is anticipated to double over the forecasted period, based on growth & ageing, if current healthcare demand and service patterns continue. More people are using ECGs for diagnostic and monitoring purposes thanks to the latest generation of lightweight and compact devices, which are especially popular in the home healthcare market. Rising rates of cardiovascular disease (CVD) necessitate continuous ECG monitoring. In addition, the development of wireless ECG has allowed for real-time patient monitoring and diagnosis, contributing to the market's growth. With cardiac surgery equipment, structural flaws in the circulatory system can be fixed during open-heart surgery. These procedures include coronary artery bypass grafting, abdominal aortic aneurysm repair, congenital heart problems, ventricular remodelling, and installing cardiac assist devices. This advancement fuels the demand for specialized equipment for minimally invasive heart surgery. Technology advancements, such as the introduction of robotic-assisted surgeries, contribute to the market's revenue growth. Cardiothoracic surgery involves equipment like heart-lung machines, which are most frequently utilized to execute a cardiopulmonary bypass. Additionally, there is a global need for practising cardiac surgeons. Gadgets for cardiac surgery are being produced in response to patient needs due to industry technological breakthroughs.

The market key players are STERIS., Steelco S.p.A.Schülke & Mayr GmbHO&M Halyard, and Bergen Group of Companies.

In 2022, Medtronic purchased Boston-based medical device manufacturer Affera Inc. Affera develops and produces catheter-based cardiac ablation technologies and electrophysiology (EP) cardiac mapping and navigation devices to increase the variety of cardiac ablation procedures it offers. To increase the variety of cardiac ablation procedures, Medtronic purchased Boston-based medical device manufacturer Affera Inc. Affera develops and produces catheter-based cardiac ablation technologies and electrophysiology (EP) cardiac mapping and navigation devices.

In June 2021, Boston Scientific Exercises the Option to Acquire Farapulse, Inc. The acquisition complements the company's electrophysiology portfolio by including the only commercially available cardiac pulsed-field ablation technology.

Global Cardiac Surgery Instruments Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the Cardiac Surgery Instruments market by segmenting based on the Instrument Type (Forceps, Scissors, Clamps and Dilators, Needle Holders and Needles, Retractors and Rongeurs, Others), Sales Channel (Online Retailing, Offline Retailing), Application (Coronary Artery Bypass Grafting (CABG), Heart Valve Repair and Replacement, Implantable Cardioverter Defibrillator (ICD), Paediatric Cardiac Surgery, Heart Transplant, Others), End User (Hospitals, Cardiac Clinics, Ambulatory Surgery Centres, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Global Cardiac Surgery Instruments Market
  • Equip yourself with rigorous analysis and forward-looking insight into the Cardiac Surgery Instruments Market across various regions
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop strategy
  • Gain understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand for Cardiac Surgery Instruments Market evolve over the next five years across various regions
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Tables and charts

Global Cardiac Surgery Instruments Market, in USD Million, 2019-2029

Global Cardiac Surgery Instruments Market - Market Dynamics, 2024-2029

Global Cardiac Surgery Instruments Market - Supply Chain Analysis

Global Cardiac Surgery Instruments Market - Porters Five Forces Analysis

North America - Cardiac Surgery Instruments Market, in USD Million, 2019-2029

Europe - Cardiac Surgery Instruments Market, in USD Million, 2019-2029

Asia-Pacific - Cardiac Surgery Instruments Market, in USD Million, 2019-2029

South America - Cardiac Surgery Instruments Market, in USD Million, 2019-2029

Middle East & Africa - Cardiac Surgery Instruments Market, in USD Million, 2019-2029

Cardiac Surgery Instruments Market - Infographics

Other Charts

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  What's included

Report - Global Cardiac Surgery Instruments Market Outlook to 2029.pdf
Market Data - Global Cardiac Surgery Instruments Market Outlook to 2029.xls

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