Global Cardiac Surgery Instruments Market By Product {Clamps, Forceps (Vascular Forceps, Grasping Forceps, Other Forceps, Scalpel, Scissors, Needle Holder}, Application (Coronary Artery Bypass Graft, Heart Valve Surgery, Pediatric Surgery, Heart Transplant), Type of Material (Stainless Steel, Tungsten Carbide, and others) End User (Hospital, ASC), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global Cardiac Surgery Instruments Market

Global Cardiac Surgery Instruments Market accounted to USD 1.70 billion in 2018 growing at a significant CAGR of 6.9% during the forecast period of 2019 to 2026 and expected to reach USD 2.90 billion by 2026.

Market Definition: Global Cardiac Surgery Instruments Market

Cardiac surgery instruments are the specialized instruments and products which are designed to meet the demanding needs of cardiovascular surgeons. The instrument must maintain its quality and design along with fine delicate microsurgical instruments for precise procedure. Some of the instruments are needle holder, scissors, retractors, peripheral vascular, aorta and anastomosis clamps, pediatric instrument, titanium micro instruments and many more.

According to World Health Organization, there were an estimated 17.9 million people die which accounts for 31% of all deaths worldwide, almost more than half of these deaths could have been avoided with the availability of proper medical equipment and devices for healthcare procedures. This significant number is expected to act as a driver to the market growth.

Market Drivers

Increase in diabetic population, increased consumption of alcohol, rising obese population, increase in hypertension, aging population are the main drivers of the market.

Increasing number of surgical procedure will drive the market.

Market Restraints

Strict regulations by the government bodies will hamper the market.

Adoption of alternative surgical methodology will restrain the growth of market.

Segmentation: Global Cardiac Surgery Instruments Market

By Product

Clamps

Forceps Vascular Forceps Grasping Forceps Other Forceps

Scalpel

Scissors

Needle Holder

By Application

Coronary Artery Bypass Graft

Heart Valve Surgery

Pediatric Surgery

Heart Transplant

By Type of Material

Stainless Steel

Tungsten Carbide

and others

By End-user

Hospital

ASC

By Geography

North America S. Canada Mexico

South America Brazil Argentina Rest of South America

Europe Germany France United Kingdom Italy Spain Russia Turkey Belgium Netherlands Switzerland Rest of Europe

Asia-Pacific Japan China South Korea India Australia Singapore Thailand Malaysia Indonesia Philippines Rest of Asia Pacific

Middle East & Africa South Africa Egypt Saudi Arabia United Arab Emirates Israel Rest of Middle East & Africa



Key Developments in the Market:

In July, 2018, Symmetry Surgical Inc. has acquired the electrosurgical business and related intellectual property of Bovie® brand, from Bovie Medical Corporation (“Bovie Medical”) for a total enterprise value of $97 million. It will increase the overall sales of the company as well as expand its market.

Boss instruments launched a new product called Boss MIS retractor, made of surgical grade titanium which makes it better than its competitor product and the company further working on the R&D to expand the business.

Competitive Analysis: Global Cardiac Surgery Instruments Market

The global cardiac surgery instruments market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cardiac surgery instruments market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Cardiac Surgery Instruments Market

Few of the major competitors currently working in the cardiac surgery instruments market are B. Braun Melsungen AG (Germany), BD (US), KLS Martin Group (US), Sklar Surgical Instruments (US), Teleflex Incorporated (US), SYMMETRY SURGICAL INC (US), STILLE (Sweden), Delacroix-Chevalier (France), Cardivon Surgical Inc. (China), Boss Instruments, Ltd (US) Wexler Surgical (US), Medicon eG (Germany), Surgins (UK), Scanlan International (US), Rumex International Co. (US), SIM Surgical (US), Gebrüder Martin GmbH & Co. KG (Germany), MedServ International (Germany), Surtex Instruments Limited (UK) and Taurus Instruments AG (Germany) among others

Research Methodology: Global Cardiac Surgery Instruments Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

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, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

Current and future of global cardiac surgery instruments market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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