Heart disease is a global health concern primarily caused by factors such as unhealthy dietary habits, sedentary lifestyles, and mental stress. The World Health Organization (WHO) reports a staggering 17.9 million deaths annually from cardiovascular diseases, representing around 31.0 percent of all global deaths. Projections estimate that by 2030, approximately 23.6 million individuals will succumb to cardiovascular diseases. Additionally, smoking and tobacco consumption contribute significantly to these fatalities, emphasizing the urgent need for lifestyle modifications, public health interventions, and awareness campaigns to combat this alarming trend.
According to Data Bridge Market Research, the Global Cardiac Surgery Instruments Market is expected to reach the value of USD 2.41 billion by the year 2029, at a CAGR of 3.50% during the forecast period of 2022 to 2029.
"Increasing prevalence of cardiac disorders surge market demand"
The increasing prevalence of cardiac disorders, such as cardiovascular diseases, has increased demand for cardiac surgical interventions. As heart-related conditions become more widespread globally, healthcare providers require advanced and specialized cardiac surgery instruments to perform precise surgical procedures effectively. These instruments are crucial in improving patient outcomes and reducing the burden of cardiac diseases. The rising need for cardiac surgery instruments is driven by the necessity to cater to the growing number of patients requiring cardiovascular interventions.
What restraints the growth of the global cardiac surgery instruments market?
"High cost can impede the market growth”
The high cost of advanced cardiac surgery instruments poses a challenge for healthcare facilities, particularly those with budget constraints. The initial investment required to procure these sophisticated instruments can strain limited financial resources, hindering their accessibility. Due to budgetary limitations, smaller hospitals or healthcare centers may face difficulties acquiring the latest and most innovative cardiac surgery instruments. This cost constraint may limit the adoption of cutting-edge technologies, potentially impacting patient care and surgical outcomes in certain healthcare settings.
Segmentation: Global Cardiac Surgery Instruments Market
The cardiac surgery instruments market is segmented on the basis of instrument type, sales channel, application and end user.
- On the basis of instrument type, the cardiac surgery instruments market is segmented into forceps, scissors, clamps and dilators, needle holders and needles, retractors and rongeurs, and others.
- On the basis of sales channel, the cardiac surgery instruments market is segmented into online retailing, and offline retailing.
- On the basis of application, the cardiac surgery instruments market is segmented into coronary artery bypass grafting (CABG), heart valve repair and replacement, Implantable Cardioverter Defibrillator (ICD), paediatric cardiac surgery, heart transplant, and others.
- On the basis of end user into hospitals, cardiac clinics, ambulatory surgery centres, and others.
Regional Insights: North America dominates the Global Cardiac Surgery Instruments Market
North America's dominance in the cardiac surgery instruments market is driven by the region's high prevalence of cardiac disorders and the growing adoption of advanced surgical tools and devices. The region's well-established healthcare infrastructure and access to cutting-edge technologies contribute to its leadership. A rising aging population and lifestyle-related risk factors fuel the demand for cardiac surgeries. These factors position North America at the forefront of the market, facilitating better patient outcomes and fostering continuous advancements in cardiac surgery techniques.
Asia-Pacific's anticipated fast growth in the cardiac surgery instruments market is attributed to the region's expanding geriatric population and the rising prevalence of cardiac surgeries. As the aging population increases, so does the incidence of cardiac disorders, leading to higher demand for cardiac surgical interventions. Additionally, improvements in healthcare infrastructure and access to advanced medical technologies further accelerate the growth. These factors position Asia-Pacific as a key market for cardiac surgery instruments, driving advancements and meeting the region's healthcare needs.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-cardiac-surgery-instruments-market
Recent Developments in Global Cardiac Surgery Instruments Market
- In 2020, In India, Medtronic Private Limited will introduce Azure Pacemaker BlueSync technology in October 2020. Direct communication between this technology and patient tablets and smartphones is possible.
- In 2020, the US FDA approved the world's smallest pacemaker with atrioventricular (AV) synchrony, the Leadless Micra AV from Medtronic PLC.
The Prominent Key Players Operating in the Global Cardiac Surgery Instruments Market Include:
- STERIS. (U.S.)
- Steelco S.p.A. (Italy)
- Schülke & Mayr GmbH (Germany)
- O&M Halyard (U.S.)
- Bergen Group of Companies (India)
- Ecolab (U.S.)
- Tristel (U.S.)
- Belimed (Switzerland)
- ASP (U.S.)
- Getinge AB. (Sweden)
- JAYCO, INC. (U.S.)
- MMM Group (Germany)
- MATACHANA GROUP (Spain)
- Huaiyin Medical Instruments Co.,Ltd (China)
- TSO3 (Canada)
- SAKURA SI CO., LTD. (Japan)
- Crest Ultrasonics Corporation (China)
- McKesson Medical-Surgical Inc. (U.S.).
Above are the key players covered in the report, to know about more and exhaustive list of global cardiac surgery instruments market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cardiac Surgery Instruments Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
