With the emergence and long-term Impact of COVID-19, the Global Cardiovascular Surgical Devices Market is to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Cardiovascular Surgical Devices Market is poised to raise up to USD XX Billion by 2030. Cardiovascular surgical devices are medical instruments and tools used in surgical procedures involving the cardiovascular system, which includes the heart and blood vessels. These devices are designed to assist surgeons in diagnosing and treating various cardiovascular conditions and diseases. The market for cardiovascular surgical devices is anticipated to be driven by the increase in vascular problems and congenital anomalies among the elderly population. Globally, the prevalence of cardiovascular disorders is increasing as a result of aging populations, poor nutrition, and rising obesity rates, all of which are predicted to boost the demand for cardiovascular procedures.
Also, the growing prevalence of chronic heart diseases and the increasing availability of efficient devices are anticipated to support the market growth during the forecast period. Moreover, the growing prevalence of cardiovascular disorders, along with advancements in surgical techniques, an aging population, rising healthcare expenditure, and increased awareness, collectively contribute to the growth of the Cardiovascular Surgical Devices Market. The demand for these devices is expected to continue to rise as the burden of cardiovascular diseases persists. According to the American Heart Association, cardiovascular diseases are projected around 17.3 million deaths globally every year. And the cases are estimated to rise about 23.6 million by 2030.
Additionally, rising technological advancement in devices and growing research and development activities related to cardiovascular surgical devices are anticipated to create lucrative opportunities for the market during the forecast period. However, the stringent and longer approval processes by the regulatory authorities stifle market growth throughout the forecast period of 2023-2030.
Geographically, the global Cardiovascular Surgical Devices Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the presence of key market players, the growing prevalence of heart diseases in the U.S. and Canada, rising technological advancement, and growing product innovation and development in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rising geriatric population, growing prevalence of chronic heart diseases, rising public-private investments in the healthcare sector, and cohesive government initiatives that are anticipated to support the market growth during the forecast period.
The global Cardiovascular Surgical Devices Market is highly competitive owing to the presence of several key manufacturers such as Medtronic Inc, Maquet GmbH & Co. KG, Sorin Group, Terumo Corp, C.R. Bard Inc, SEMMT Inc, and others.
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Key findings of the study suggest:
- Global Cardiovascular Surgical Devices Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the Technology segment, cardiopulmonary bypass equipment emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the growing product innovation and development.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Type:
- Interventional Cardiac Surgery
- Cardiac Rhythm Management
- Traditional Cardiac Surgery
- Others
By Technology:
- Perfusion Disposables
- Cardiopulmonary Bypass Equipment
- Beating Heart Surgery Treatment
- Ventricular Assist Device
- Cardiac Ablation Devices
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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