Global Cardiac Surgery Device Market Outlook

The global cardiac surgery instruments market size was estimated at USD 1.6 billion in 2018 and is projected to grow at a CAGR of 6.6% over the forecast period. According to the American Heart Association, at least 48.0% of adults have some form of the cardiovascular condition in the U.S. Increasing prevalence of cardiovascular disease, rising incidence of diabetes, growing healthcare investment, and technological advancements can be attributed to growth.

Top Driver: Growing number of heart failure cases, heart attack, and other heart-related illness
A growing number of heart failure cases, heart attacks, and other heart-related illnesses should further drive cardiac surgery instruments market growth. Direct and indirect cost related to heart diseases is around USD 320 billion which includes health spending and also productivity. Manufacturers of cardiac devices are developing novel instruments and tools along with traditional devices to offer more usable products. The growing number of obesity among people, poor nutrition, technological advancement in cardiac instruments, and various other heart-health stressors should drive industry growth over the forecast period
Physical inactivity and an unhealthy lifestyle are also increasing the incidence of cardiovascular conditions. Consumption of junk food, a sedentary lifestyle, and mental stress are the primary reasons for heart diseases in individuals around the world. According to WHO, approximately 17.9 million people die from cardiovascular diseases; an estimated 31.0% of all deaths worldwide. By 2030, around 23.6 million people are expected to die due to cardiovascular disorders. Moreover, a substantial number of these deaths may be attributed to smoking and tobacco consumption.

Forceps to Make Crucial Contribution to Growth of Global Cardiac Surgery Device Market
Based on the product, the market is segmented into forceps, graspers, clamps, scissors, needle holders, and others. The forceps segment accounted for the largest share and is also projected to experience the highest growth rate. This can be attributed to the rising number of cardiac surgeries and the availability of different types of these instruments, such as grasping & vascular forceps. This growth is further aided by the frequent use of forceps in many cardiac surgeries. The needle holder segment is also held a considerable share and the segment is expected to grow at a CAGR of 8.4% over the forecast period. Needle holders are used by surgeons and doctors for holding a suturing needle for closing wounds.

The scissors segment is also expected to grow at a rapid pace and is identified as the second fastest-growing segment after forceps. This market is expected to grow at a CAGR of 6.9% over the forecast period owing to its use in various cardiac surgeries, such as heart transplants and coronary artery, heart valve, and pediatric surgeries. These scissors are available in different sizes and shapes for various types of surgeries.

On the basis of application, the cardiac surgery instrument market is segmented into heart valve surgery, Coronary Artery Bypass Grafting (CABG), pediatric cardiac surgery, heart transplant, and others. CABG dominated the market and is expected to witness lucrative growth over the forecast period. In 2018, the CABG segment captured the highest share and is expected to grow significantly over the forecast period. Coronary artery disease is a narrowing of coronary arteries, caused by a buildup of fatty material within the arteries. The treatment for this condition involves surgical intervention, and hence, the increasing incidence of the disease is anticipated to aid growth.

Heart valve surgery devices are used for treating heart failure, heart stroke, and blood clots. The primary method of treating a diseased heart valve is through open surgery by placing a replacement valve. This is the second largest segment of this market, owing to the increasing number of heart valve surgeries, and is expected to grow at a CAGR of 6.81% over the forecast period. The segment is primarily driven by lifestyle, such as consumption of alcohol & physical inactiveness; hypertension; diabetes; and hyperlipidemia.

The rising pool of patient population, the prevalence of cardiovascular diseases, and government investments for the development of better healthcare facilities and R&D to Benefit North America Market
Geographically, the global cardiac surgical devices market is segmented into North America, Europe, Asia-Pacific, and the Rest Of the World.
North America held the largest share of the market in 2016, followed by Europe. On the other hand, Asia is anticipated to be the fastest-growing regional segment during the analysis period. The key factors that drive the growth of this market include an increase in the pool of patient population, rise in prevalence of cardiovascular diseases, and rise in government investments for the development of better healthcare facilities and R&D. Asia-Pacific is expected to emerge as the area with maximum growth potential due to the focus of key players in the emerging economies and improving healthcare infrastructure.

Players to Focus on Expanding Applications in the global Cardiac Surgery Device Market
The global cardiac surgery instruments market size was estimated at USD 1.6 billion in 2018 and is projected to grow at a CAGR of 7.6% over the forecast period. According to the American Heart Association, at least 48.0% of adults have some form of the cardiovascular condition in the U.S. Increasing prevalence of cardiovascular disease, rising incidence of diabetes, growing healthcare investment, and technological advancements can be attributed to growth.

The globally increasing aging population is one of the major drivers of this market. According to WHO, the worlds geriatric population is expected to nearly double from 13.0% to 22.0% between 2015 and 2050. The market is expected to be driven by a vascular malfunction in the geriatric population and a rise in congenital defects. Furthermore, physical inactivity and an unhealthy lifestyle are also increasing the incidence of cardiovascular conditions.

Scope of the Report
By Product Type
Forceps
Clamps
Scalpels
Scissors
Needle Holders
Others
By Application
Coronary Artery Bypass Grafting
Heart Valve Surgery
Pediatric Surgery
Heart Transplant
Others

By End-User
Hospitals
Ambulatory Surgical Centers
By Region
North America
Europe
Asia Pacific
Rest Of World

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.

2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.

3. It renders a definite analysis for changing competitive dynamics.

4. It builds a seven-year estimate based on how the market is predicted to grow.

Chapter 1 Overview And Scope
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation

Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted

Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis

Chapter 5 Global Cardiac Surgery Device Market Forces
5.1 Whats Driving the Market
5.2 Porters Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition

Chapter 6 Global Cardiac Surgery Device Market -Industry Snapshots
6.1 Overview
6.1.1 Global Cardiac Surgery Device Market Value, 2019 - 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis

Chapter 7 Global Cardiac Surgery Device Market Analysis, by Type
7.1 Overview
7.2 Key Findings for Cardiac Surgery Device Market- By Type
7.2.1 Cardiac Surgery Device Market- Thermosets
7.2.2 Cardiac Surgery Device Market- Thermoplastics
7.2.3 Cardiac Surgery Device Market- Others

Chapter 8 Global Cardiac Surgery Device Market Analysis, by Product Type
8.1 Overview
8.2 Key Findings for Cardiac Surgery Device Market- By Product Type
8.2.1 Cardiac Surgery Device Market- polyurethane
8.2.2 Cardiac Surgery Device Market- polyethylene terephthalate (pet)
8.2.3 Cardiac Surgery Device Market- Polyethylene
8.2.4 Cardiac Surgery Device Market- polypropylene
Chapter 9 Global Cardiac Surgery Device Market Analysis, by End User
9.1 Overview
9.2 Key Findings for Cardiac Surgery Device Market- By End User
9.2.1 Cardiac Surgery Device Market- polyurethane
9.2.2 Cardiac Surgery Device Market- polyethylene terephthalate (pet)
9.2.3 Cardiac Surgery Device Market- Polyethylene
9.2.4 Cardiac Surgery Device Market- polypropylene

Chapter 10 Cardiac Surgery Device Market Analysis by Region
10.1 Key Findings for Cardiac Surgery Device Market- By region
10.2 Overview
10.2.1 Global Cardiac Surgery Device Market Analysis, By Type, 2019 - 2028
10.2.2 Global Cardiac Surgery Device Market Analysis, By Product Type, 2019 - 2028
10.2.3 Global Cardiac Surgery Device Market Analysis, By End User, 2019 - 2028
10.3 Cardiac Surgery Device Market North America
10.3.1 Overview
10.3.2 U.S.
10.3.3 Canada
10.3.4 Mexico
10.3.5 North America Market, By Type
10.3.6 North America Market, By Product Type
10.3.7 North America Market, By End User
10.4 Cardiac Surgery Device Market Europe
10.4.1 Overview
10.4.2 Germany
10.4.3 United Kingdom
10.4.4 France
10.4.5 Italy
10.4.6 Rest Of Europe
10.4.7 Europe Market, By Type
10.4.8 Europe Market, By Product Type
10.4.9 Europe market by, End User
10.5 Cardiac Surgery Device Market Asia Pacific
10.5.1 Overview
10.5.2 China
10.5.3 Japan
10.5.4 India
10.5.5 Rest of APAC
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Product Type
10.5.8 Asia Pacific Market, By End User
10.6 Cardiac Surgery Device Market Rest Of World
10.6.1 Overview
10.6.2 Middle East & Africa (MEA)
10.6.3 South America
10.6.4 Rest Of World
10.6.5 South America, Middle East and Africa Market, By Type
10.6.6 South America, Middle East and Africa Market, By Product Type
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
11.1.3 Recent Developments

Chapter 12 Company Profiles- Snapshot
12.1 The Dow Chemical Company
12.1.1 Business Fundamentals
12.1.2 Financial Snapshots
12.1.3 Product Portfolio
12.1.4 Recent Developments
12.2 China Petrochemical Corporation (Sinopec)
12.3 BASF SE
12.4 Borealis AG
12.5 Covestro AG
12.6 Lanxess
12.7 Chevron Phillips Chemical Company LLC
12.8 Company 1
12.9 Company 2
12.10 Company 2
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies

Chapter 13 Appendix

List Of Tables

TABLE 1 Cardiac Surgery Device market by Type 1, 2019 - 2028 (USD Million)
TABLE 2 Cardiac Surgery Device market by Type 2, 2019 - 2028 (USD Million)
TABLE 3 Cardiac Surgery Device market by Type 3, 2019 - 2028 (USD Million)
TABLE 4 Cardiac Surgery Device market by Product Type 1, 2019 - 2028 (USD Million)
TABLE 5 Cardiac Surgery Device market by Product Type 2, 2019 - 2028 (USD Million)
TABLE 6 Cardiac Surgery Device market by Product Type 3, 2019 - 2028 (USD Million)
TABLE 7 Cardiac Surgery Device market by Product Type 4, 2019 - 2028 (USD Million)
TABLE 8 Cardiac Surgery Device market by End User 1, 2019 - 2028 (USD Million)
TABLE 9 Cardiac Surgery Device market by End User 2, 2019 - 2028 (USD Million)
TABLE 10 Cardiac Surgery Device market by End User 3, 2019 - 2028 (USD Million)
TABLE 11 Cardiac Surgery Device market by End User 4, 2019 - 2028 (USD Million)
TABLE 12 Global Cardiac Surgery Device Market Value, By Type, 2019 - 2028 (US$ Bn)
TABLE 13 Global Cardiac Surgery Device Market Value, By Product Type, 2019 - 2028 (US$ Bn)
TABLE 14 Global Cardiac Surgery Device Market Value, By End User, 2019 - 2028 (US$ Bn)
TABLE 15 Cardiac Surgery Device Market Analysis by North America (USD Million), 2019 - 2028
TABLE 16 U.S. Cardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 17 U.S. Cardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 18 U.S. Cardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 19 U.S. Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 20 Canada Cardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 21 Canada Cardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 22 Canada Cardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 23 Canada Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 24 MexicoCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 25 MexicoCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 26 MexicoCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 27 Mexico Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 28 Cardiac Surgery Device Market Analysis by Europe (USD Million), 2019 - 2028
TABLE 29 GermanyCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 30 GermanyCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 31 GermanyCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 32 Germany Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 33 United KingdomCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 34 United KingdomCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 35 United KingdomCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 36 United Kingdom Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 37 FranceCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 38 FranceCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 39 FranceCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 40 France Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 41 ItalyCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 42 ItalyCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 43 ItalyCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 44 Italy Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 45 Rest Of EuropeCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 46 Rest Of EuropeCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 47 Rest Of EuropeCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 48 Rest of Europe Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 49 Cardiac Surgery Device Market Analysis by Asia Pacific (USD Million), 2019 - 2028
TABLE 50 ChinaCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 51 ChinaCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 52 ChinaCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 53 China Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 54 JapanCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 55 JapanCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 56 JapanCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 57 Japan Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 58 IndiaCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 59 IndiaCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 60 IndiaCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 61 India Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 62 Rest of APACCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 63 Rest of APACCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 64 Rest of APACCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 65 Rest of APACCardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 66 Cardiac Surgery Device Market Analysis by Rest Of World (USD Million), 2019 - 2028
TABLE 67 Middle East & Africa (MEA)Cardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 68 Middle East & Africa (MEA) Cardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 69 Middle East & Africa (MEA) Cardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 70 Middle East & Africa (MEA) Market, By End User, 2019 - 2028 (USD Million)
TABLE 71 South AmericaCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 72 South AmericaCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 73 South AmericaCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 74 SouthAmerica Cardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)
TABLE 75 Rest Of WorldCardiac Surgery Device Market, 2019 - 2028 (USD Million)
TABLE 76 Rest Of WorldCardiac Surgery Device Market, By Type, 2019 - 2028 (USD Million)
TABLE 77 Rest Of WorldCardiac Surgery Device Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 78 Rest Of WorldCardiac Surgery Device Market, By End User, 2019 - 2028 (USD Million)

List Of Figures

FIG. 1 Global Cardiac Surgery Device : Market Segmentation
FIG. 2 Global Cardiac Surgery Device Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Market Snapshot
FIG. 5 Porters Five Forces Analysis
FIG. 6 Global Cardiac Surgery Device Market Value, 2019 - 2028, (US$ Bn)
FIG. 7 Supply Chain/Value Chain Analysis
FIG. 8 Global Cardiac Surgery Device Market Value Contribution, By Type, 2019 & 2026 (%)
FIG. 9 Global Cardiac Surgery Device Market Value Contribution, By Product Type, 2019 & 2026 (%)
FIG. 10 Global Cardiac Surgery Device Market Value Contribution, By End User, 2019 & 2026 (%)
FIG. 11 Global Cardiac Surgery Device Market Value, 2019 - 2028, (US$ Bn)
FIG. 12 North America Cardiac Surgery Device Market Value, 2019 - 2028, (US$ Bn)
FIG. 13 Cardiac Surgery Device Market Segment 1 North America
FIG. 14 Cardiac Surgery Device Market Segment 2 North America
FIG. 15 Cardiac Surgery Device Market Segment 3 North America
FIG. 16 Cardiac Surgery Device U.S. outlook, 2019 & 2026
FIG. 17 Cardiac Surgery Device Canada outlook, 2019 & 2026
FIG. 18 Cardiac Surgery Device Mexico outlook, 2019 & 2026
FIG. 19 Europe Cardiac Surgery Device Market Value, 2019 - 2028, (US$ Bn)
FIG. 20 Cardiac Surgery Device Market Segment 1 Europe
FIG. 21 Cardiac Surgery Device Market Segment 2 Europe
FIG. 22 Cardiac Surgery Device Market Segment 3 Europe
FIG. 23 Cardiac Surgery Device Germany outlook, 2019 & 2026
FIG. 24 Cardiac Surgery Device United Kingdom outlook, 2019 & 2026
FIG. 25 Cardiac Surgery Device France outlook, 2019 & 2026
FIG. 26 Cardiac Surgery Device Italy outlook, 2019 & 2026
FIG. 27 Cardiac Surgery Device Rest Of Europe outlook, 2019 & 2026
FIG. 28 Asia Pacific Cardiac Surgery Device Market Value, 2019 - 2028, (US$ Bn)
FIG. 29 Cardiac Surgery Device Market Segment 1 Asia Pacific
FIG. 30 Cardiac Surgery Device Market Segment 2 Asia Pacific
FIG. 31 Cardiac Surgery Device Market Segment 2 Asia Pacific
FIG. 32 Cardiac Surgery Device China outlook, 2019 & 2026
FIG. 33 Cardiac Surgery Device Japan outlook, 2019 & 2026
FIG. 34 Cardiac Surgery Device India outlook, 2019 & 2026
FIG. 35 Cardiac Surgery Device Rest of APAC outlook, 2019 & 2026
FIG. 36 Rest Of WorldCardiac Surgery Device Market Value, 2019 - 2028, (US$ Bn)
FIG. 37 Cardiac Surgery Device Market Segment 1 Rest Of World
FIG. 38 Cardiac Surgery Device Market Segment 2 Rest Of World
FIG. 39 Cardiac Surgery Device Market Segment 3 Rest Of World
FIG. 40 Cardiac Surgery Device Middle East & Africa (MEA) outlook, 2019 & 2026
FIG. 41 Cardiac Surgery Device South America outlook, 2019 & 2026
FIG. 42 Cardiac Surgery Device Rest Of World outlook, 2019 & 2026