Cardiac Surgery Devices Market Size, Share & Global Analysis 2024-2031
The Cardiac Surgery Devices Market study by DataM Intelligence provides a comprehensive analysis of the market, delivering valuable insights, detailed statistics, historical trends, and industry-backed market data. The report explores the competitive landscape, focusing on key players in the industry. It evaluates aspects such as product offerings, pricing models, financial performance, product portfolios, growth strategies, and regional expansion to offer a thorough understanding of market dynamics and future trends.
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What is the projected growth of the Global Cardiac Surgery Devices market?
Global Cardiac Surgery Devices Market reached US$ 2.1 billion in 2022 and is expected to reach US$ 3.2 billion by 2030 growing with a CAGR of 3.4% during the forecast period 2024-2031.
What is Cardiac Surgery Devices Market?
The Cardiac Surgery Devices market focuses on medical instruments and technologies used in heart surgeries, including bypass grafts, heart valves, and assistive devices. Driven by the rising prevalence of cardiovascular diseases, advancements in minimally invasive procedures, and aging populations, the market is expanding. However, high costs, regulatory approvals, and surgical risks remain key challenges.
Who are the major players in the Cardiac Surgery Devices market?
The prominent players in Cardiac Surgery Devices market research report are:
Medtronic Plc., Terumo Corporation, LivaNova Plc., Abbott Laboratories, Murray Surgical Limited, Boston Scientific Corporation, Getinge AB, Wexler Surgical, Lepu Medical Technology Co. Ltd, and Gore Medical Inc. among others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In March 2023, Shockwave Medical introduced its new peripheral IVL catheter, the Shockwave L6. Designed specifically to address calcification in challenging lesions, the catheter is optimized for use in large peripheral vessels, such as the iliac and common femoral arteries.
In June 2023, Terumo Aortic launched EXTEND, a global post-approval study (PAS) for its Thoraflex Hybrid device. As the only frozen elephant trunk (FET) device approved by the U.S. FDA for treating complex aortic arch disease, this study aims to further evaluate its effectiveness in real-world clinical settings.
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Market Segments
By Product: Beating Heart Surgery Systems, Cardiopulmonary Bypass Equipment, Catheters, and Perfusion Disposables.
By Procedure: Coronary artery bypass grafting, Minimally invasive surgery.
By Application: Congenital Heart Disease, Coronary Artery Disease, Arrhythmias, Heart Valve Disease.
By End-user: Hospitals, Cardiac Centers, Ambulatory surgical Centers, Others.
The Cardiac Surgery Devices industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Cardiac Surgery Devices Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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