Cardiac surgery Instruments Market Highlights
Cardiac surgery instruments are used during the heart surgery or related medical procedures. There are about 5000 heart transplant occurs each year worldwide. Increasing cases of heart failure, heart attack and other heart related diseases are leading the growth for the market of cardiac surgery instruments. Heart disease is one of the leading cause of deaths worldwide. Changing lifestyle, eating habits and stress is leading to various heart diseases and ultimately leading to cardiac surgery. Direct and indirect cost related to heart diseases is about US$ 320 billion which not only includes spending on health but also includes productivity. cardiac medical device development manufacturers are developing new instruments and tools along with traditional instruments to provide more usable product in the market. Availability of skilled cardiac surgeons, advanced healthcare facilities and developing infrastructure are key market drivers in most of the North American and European countries however lack of skilled medical professionals, slow adoptability of new instruments, availability of instruments, high cost of surgery are prohibiting the growth for the market.
The global Cardiac surgery Instruments market research report has been evaluated as moderately growing market and it is expected that the market will continue to grow similarly soon. Cardiac surgery instruments play important role in medical procedures. Cardiac surgery instruments are mainly divided into two types, general surgical tools and surgical instruments that specially designed for cardiac surgery.
Cardiac Surgery Instruments Market Size was valued at USD 1.7 billion in 2022 and is projected to grow from USD 1.8377 Billion in 2023 to USD 2.9324 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.10% during the forecast period (2023 - 2030).
Regional Analysis:
Depending on geographic region, Cardiac surgery instruments market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America is believed to be the largest market for Cardiac surgery Instruments. Moreover, the European market is also growing and second largest Cardiac surgery Instruments market share. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the Cardiac surgery Instruments during the forecasted period. Rest of the World is likely to have a limited but steady growth in the market.
Segmentation:
Cardiac surgery Instruments market has been segmented based on type which comprises Forceps, Graspers, Clamps, Scissors, Retractors, Spreaders, Graspers, and others. Based on application, the market is segmented into Coronary artery bypass grafting (CABG), Valve repair or replacement, aneurysm repair, Heart transplant, and others. Based on type of material market is segmented into Stainless Steel, Tungsten Carbide, and Others. Based on end user market segmented into Hospitals and Ambulatory surgery centres.
Cardiac Surgery Instruments Market Players
The Cardiac surgery instruments market players which operate in this market all over the globe. Johnson & Johnson Services, Inc. (US), DEALMED MEDICAL SUPPLIES LLC (US), Stryker (US), B. Braun Melsungen AG (Germany), STILLE (Sweden), MedServ International (Germany), Delacroix-Chevalier (France), SIM Surgical (US), Gebrüder Martin GmbH & Co. KG (Germany), Surtex Instruments Limited (UK)
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