Cardiac Surgery Instruments Market worth 1.63 Billion USD by 2022
According
to the new market research "Cardiac
Surgery Instruments Market by Product (Clamps, Forceps,
Scalpel, Scissors, Needle Holder), Application (Coronary Artery Bypass Graft,
Heart Valve Surgery, Pediatric Surgery, Heart Transplant), & End User
(Hospital, ASC) - Global Forecast to 2022" published by MarketsandMarkets, analyzes and studies the major market
drivers, restraints, opportunities, and challenges in North America, Europe,
Asia, and Rest of the World (RoW)
Don’t miss out on business opportunities in Cardiac Surgery
Instruments Market.
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business grow:
The
global cardiac surgery instruments market is expected to reach USD 1.63 Billion
by 2022 from USD 1.16 Billion in 2017, at a CAGR of 7.1%. The growth of the
market is mainly driven by factors such as growing prevalence of cardiac
conditions and subsequent increase in the number of surgical procedures, rising
geriatric population, and growing investments, funds, and grants by government
bodies worldwide. However, adoption of alternative surgical methods and lack of
Medicare payments are the major factors that may restrain the growth of this
market to a certain extent during the forecast period.
The report segments the market based on products, applications, end
user, and region. On the basis of products, the market is segmented into
forceps, scissors, needle holders, clamps, and other cardiac surgery
instruments. Forceps are expected to account for the largest share of the
market, in 2017. The growth of the forceps segment is attributed to the
increase in the number of cardiac surgery procedures and the repeated use of
forceps in most surgeries.
Based on application, the market is further segmented into coronary
artery bypass graft (CABG), heart valve surgery, pediatric cardiac surgery, and
other applications. CABG segment is expected to grow at the highest CAGR during
the forecast period. CABG forms the largest and fastest-growing application
segment of the market. This is mainly attributed to the high incidence of
cardiac diseases and resulting increase in the number of surgical procedures.
Browse and in-depth TOC on “Cardiac Surgery
Instruments Market" 82 – Tables, 34
– Figures, 150 - Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/cardiac-surgery-instrument-market-162566843.html
Based on region,
the market is segmented into North America, Europe, Asia, and the Rest of the
World (RoW). North America accounted for the largest share of this market in
2017. However, the Asian market is expected to grow at the highest CAGR mainly
due to the increasing awareness programs, high incidence of cardiac diseases,
rising funding for cardiac research, and improvements in the healthcare sector
of Asian countries.
Market Players
Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany),
Teleflex Incorporated (U.S.), Medline Industries, Inc. (U.S.), KLS Martin Group
(U.S.), Stille (Sweden), Sklar Surgical Instruments (U.S.), Symmetry Surgical
Inc. (U.S.), Delacroix-Chevalier (France), Wexler Surgical (U.S.), Surgins
(U.K.), Surtex Instruments Ltd. (U.K.), Cardivon Surgical Inc. (China), Rumex
International Corporation (U.S.), and Scanlan International (U.S.).
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