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Progressive Markets added a report, "Cardiac Surgery Instruments Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025" which says that the global cardiac surgery instruments market is expected to grow at a CAGR of 3.2 % from 2017 to 2025.
As the number of people affected by heart problems is growing day by day, the rate of cardiac surgeries is also increasing. Cardiac surgery incorporates several types of procedures that are performed by a cardiac surgeon.
Cardiac surgery is used to treat cardiac complications such as ischemic heart diseases, atherosclerosis, coronary artery diseases, and heart failure. The instruments used to perform cardiac surgery include beating heart surgery systems, cardiopulmonary bypass equipment, cardiac ablation devices, and perfusion disposable.
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Market Drivers and Restraints
The global cardiac surgery instruments market is witnessing a steady growth over the years. The factors contributing to the growth include the growing incidences of cardiac diseases, the rise in the geriatric population, increase in demand for surgical procedures, and growing investments by government bodies worldwide.
Nonetheless, adoption of alternative surgical techniques and lack of awareness of cardiac surgery among the population are impeding the growth of the market.
Cardiac Surgery Instruments Market Key Segmentation:
The report segments the global cardiac surgery instruments market based on the type of product, application, end user, and geography. By product type, the global cardiac surgery instruments market is bifurcated into forceps, needle holders, scissors, clamps, and other instruments.
The forceps segment is again classified as vascular forceps, grasping forceps, and others. Based on application, the market is divided into coronary artery bypass graft (CABG), heart valve surgery, pediatric cardiac surgery, and others.
Based on the end user, the market is divided into hospitals & cardiac centers, and ambulatory surgery centers. Based on geography, the cardiac surgery instruments industry report studies the industry across regions such as North America, Asia-Pacific, LAMEA, and Europe.
In North America, the market covers regions such as the U.S., Canada, and Mexico. In Asia-Pacific, the market covers the regions such as India, China, Japan, Australia, South Korea, and the other parts of Asia-Pacific.
In LAMEA, the market covers regions such as South Africa, Saudi Arabia, Brazil, and the other parts of LAMEA. In Europe, the cardiac surgery instruments industry covers the regions such as Germany, Italy, UK, France, Spain, and the other parts of Europe.
Key Market Players
The top players operating in the global cardiac surgery instrument market include Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Teleflex Incorporated (U.S.), Medline Industries, Inc. (U.S.), KLS Martin Group (U.S.), STILLE (Sweden), Sklar Surgical Instruments (U.S.), Symmetry Surgical Inc. (U.S.), Delacroix-Chevalier (France), and Wexler Surgical (U.S.)
The report offers an overall cardiac surgery instruments industry analysis and forecast. It incorporates the cardiac surgery instruments market size, cardiac surgery instruments market share analysis (2014-2025), major market segments, cardiac surgery instruments market survey, the top market players, market dynamics, scope and definitions, competitive analysis and recent industry development analysis, and market trends.
The information in this report is a result of a rigorous primary & secondary market research with inputs from industry experts. It focuses on the vital factors such as drivers, restraints, and opportunities that are responsible for the growth of the cardiac surgery instruments market.
Market trends analysis of the market has been included in the study which helps gauge the future of the market.
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The market size and share analysis are included for every segment and sub-segment in the report. This helps determine how well the market is doing.
The Porter's Five Forces Analysis helps determine the competition amongst the leading industry players and the factors that affect the profitability of businesses. The five forces of the analysis include the bargaining power of buyers, the bargaining power of suppliers, the threat of substitutes, industry rivalry, and the threat of new entrants.
The market studied across the different regions help identify the opportunities existing in the cardiac surgery instruments industry.
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