Cardiac Surgery Instrument Market, By Product Type, By Application, By End User, By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
The field of cardiac surgery has witnessed significant advancements in recent years, leading to improved patient outcomes and enhanced surgical techniques. Cardiac surgery instruments play a crucial role in these procedures, aiding surgeons in performing intricate surgeries with precision and accuracy. These instruments are designed to assist in various cardiac procedures, including coronary artery bypass grafting, heart valve repair or replacement, and congenital heart defect correction.
Market Dynamics:
The global cardiac surgery instrument market is driven by several factors. Firstly, the increasing prevalence of cardiovascular diseases, such as coronary artery disease and heart failure, is fueling the demand for cardiac surgeries. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally, accounting for approximately 17.9 million deaths each year. This high disease burden necessitates the use of advanced surgical instruments for effective treatment. The global market for cardiac surgery instruments is expected to experience steady growth in the coming years. Factors such as the rising prevalence of cardiovascular diseases, increasing geriatric population, and technological advancements in surgical instruments are driving the market growth. Additionally, the growing demand for minimally invasive procedures and the rising adoption of robotic-assisted surgeries are further propelling the market expansion. Furthermore, the growing geriatric population is contributing to the market growth. With age, the risk of developing cardiovascular diseases increases, leading to a higher demand for cardiac surgeries. According to the United Nations, the global population aged 60 years or above is expected to reach 2.1 billion by 2050, highlighting the need for cardiac surgery instruments. Moreover, technological advancements in surgical instruments are driving market growth. Innovations such as robotic-assisted surgeries and minimally invasive techniques have revolutionized cardiac surgeries, reducing patient trauma and improving surgical outcomes. These advancements require specialized instruments that enable surgeons to perform complex procedures with precision and efficiency.
Despite the positive market outlook, certain factors may restrain market growth. The high cost of cardiac surgery instruments and the lack of skilled professionals to operate these instruments pose challenges to market expansion. Additionally, stringent regulatory requirements for product approval and the risk of complications associated with cardiac surgeries may hinder market growth.
Key features of the study:
This report provides in-depth analysis of the global cardiac surgery instrument market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global cardiac surgery instrument market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Medtronic, Edwards Lifesciences, Abbott Laboratories, Boston Scientific, LivaNova, Sorin Group (now part of LivaNova), Terumo Corporation, Getinge AB, CryoLife, MicroPort Scientific Corporation, B. Braun, Melsungen AG, Maquet (now part of Getinge AB), W. L. Gore & Associates, Stryker Corporation, and Merit Medical Systems
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global cardiac surgery instrument market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cardiac surgery instrument market
Detailed Segmentation:
Global Cardiac Surgery Instrument Market, By Product Type:
Surgical Instruments
Monitoring & Diagnostic Instruments
Cardiopulmonary Bypass Equipment
Sutures & Staples
Catheters & Guidewires
Global Cardiac Surgery Instrument Market, By Application:
Coronary Artery Bypass Grafting (CABG)
Heart Valve Repair/Replacement
Arrhythmia Treatment
Aneurysm Repair
Congenital Heart Defect Repair
Transplants
Global Cardiac Surgery Instrument Market, By End-User:
Hospitals
Ambulatory Surgical Centers
Research Institutes
Global Cardiac Surgery Instrument Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Medtronic
Edwards Lifesciences
Abbott Laboratories
Boston Scientific
LivaNova
Sorin Group (now part of LivaNova)
Terumo Corporation
Getinge AB
CryoLife
MicroPort Scientific Corporation
B.Braun Melsungen AG
Maquet (now part of Getinge AB)
W.L. Gore & Associates
Stryker Corporation
Merit Medical Systems
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Product Type
Market Snapshot, By Application
Market Snapshot, By End-User
Market Snapshot, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Growing Technological Innovation
Limited Reimbursement Policies
Growing popularity of Personalized Medicine
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Cardiac Surgery Instrument Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Cardiac Surgery Instrument Market , By Product Type, 2023-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Surgical Instruments
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Monitoring & Diagnostic Instruments
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Cardiopulmonary Bypass Equipment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Sutures & Staples
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Catheters & Guidewires
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Global Cardiac Surgery Instrument Market , By Application, 2023-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Catheters & Guidewires
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Heart Valve Repair/Replacement
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Arrhythmia Treatment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Aneurysm Repair
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Congenital Heart Defect Repair
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Transplants
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
7. Global Cardiac Surgery Instrument Market , By End-User, 2023-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Hospitals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Ambulatory Surgical Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
Research Institutes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Billion)
8. Global Cardiac Surgery Instrument Market , By Region, 2023-2030, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018 –2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
9. Competitive Landscape
Medtronic
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Edwards Lifesciences
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Abbott Laboratories
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Boston Scientific
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
LivaNova
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Sorin Group (now part of LivaNova)
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Terumo Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Getinge AB
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
CryoLife
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
MicroPort Scientific Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Braun Melsungen AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Maquet (now part of Getinge AB)
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
W.L. Gore & Associates
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Stryker Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Merit Medical Systems
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
10. Section
Research Methodology
About us
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