The global demand for Cardiovascular Needle Market is presumed to reach the market size of nearly USD 168.2 MN by 2028 from USD 95.2 MN in 2021 with a CAGR of 8.5% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Cardiovascular needles have round bodies that puncture and disseminate the tissues with little cutting and are used in internal anastomosis of blood arteries to avoid leaking. These needles are classified as single-use needles or eyeless needles and multiple-use needles or eyed needles. Cardiovascular needles are used in various operations, including open heart surgery, coronary artery bypass graft surgery, cardiac valve treatments, and heart transplant procedures. Chemotherapy and other medications are administered intravenously along with fluids.
Market Dynamics
Cardiovascular diseases are becoming more prevalent daily, posing a health threat. An aging population, obesity, tobacco usage, and a sedentary lifestyle are the prominent contributing factors to these diseases. The increased demand for cardiovascular needles in hospitals and clinics due to the device's enhanced performance in several cardiovascular surgeries is anticipated to generate significant profits for traders and manufacturers of cardiovascular needles. The market has evolved due to the rising demand for minor surgery therapies. Particularly for patients representing low- and middle-income populations, the high cost of operating suite duration and significant management costs have created a considerable burden that may restrain the market's expansion.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cardiovascular needle. The growth and trends of Cardiovascular Needle Industry provide a holistic approach to this study.
Market Segmentation
This section of the cardiovascular needle market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Round Bodied Needles
- Cutting Needles
By Application
- Open-Heart Surgery
- Coronary Artery Bypass Graft Surgery
- Cardiac Valve Procedures
- Heart Transplant
- Others
By Usage
By End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cardiovascular Needle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cardiovascular Needle Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cardiovascular needle market include Medline Industries Inc., KLS Martin Group, Sklar Surgical Instruments, Delacroix-Chevalier, Teleflex Incorporated, Wexler Surgical, Becton, Dickinson and Company, Surgins, Surtex Instruments Ltd., STILLE, Cardivon Surgical Inc., Symmetry Surgical Inc., B. Braun Melsungen AG, Rumex International Corporation, Scanlan International. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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