Market Overview:
The global cardiovascular surgical devices market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in cardiac surgical devices, and rising geriatric population. The global cardiovascular surgical devices market is segmented by type, application, and region. By type, the market is divided into perfusion disposables, cardiopulmonary bypass equipment, ventricular assist device (VAD), cardiac ablation devices, and others. By application, the market is classified into interventional cardiac surgery (ICS), cardiac rhythm management (CRM), traditional cardiac surgery (TCS), and others.
Product Definition:
A cardiovascular surgical device is a tool that is used during a cardiovascular surgery. These devices can include scalpels, retractors, clamps, and sutures. Cardiovascular surgical devices are important because they allow surgeons to perform various procedures on the heart and other blood vessels.
Perfusion Disposables:
Perfusion disposables are used to cover the surgical site and prevent contamination. It is a non-woven fabric, which helps in creating a moist environment around the surgery site. The growth factor for this market is increasing demand for minimally invasive surgeries globally, along with technological advancements such as introduction of disposable devices that help avoid infections and reduce hospital stay duration.
The global Perfusion Disposables Market size was valued at USD 537 million in 2015.
Cardiopulmonary Bypass Equipment:
Cardiopulmonary bypass (CPB) is a surgical procedure that involves the extraction of blood from the body and its replacement with an artificial medium, which helps in increasing the oxygen level in the blood. CPB equipment includes heart-lung machine, cardiopulmonary bypass circuit, and extracorporeal CO2 circuits.
Application Insights:
The interventional cardiac surgery segment dominated the global card cardiovascular surgical devices market in 2017 owing to factors such as increasing number of patients suffering from heart diseases and growing adoption of these devices for treatment. According to a study published by the National Center for Biotechnology Information, around 5% - 15% of people in developed countries suffer from some form of arrhythmia.
According to another study published by NCBI, out of which 37% - 75% cases are undiagnosed and go undetected due to lack or unavailability of diagnostic facilities. Thus, increasing prevalence as well as incidence rate associated with various heart diseases is expected to drive demand over the forecast period. Moreover, key players are entering into strategic partnerships with other companies that have expertise in designing advanced products while keeping affordability at its highest priority level which is further anticipated to propel growth over the next few years.
The traditional cardiac surgery segment held a significant share owing also due traditional reasons such as availability.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as favorable reimbursement policies, increasing geriatric population, and rising awareness about advanced technologies. Moreover, growing preference for minimally invasive surgeries is also expected to drive the demand for ECVSD devices in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to factors such as improving healthcare infrastructure and economic development. In addition, a large patient pool suffering from cardiac disorders is also expected to boost revenue generation in this region during the forecast period. The Middle East & Africa (MEA) region has witnessed an increase in demand for ECVSD devices owing its high prevalence of cardiovascular diseases like stroke and heart failure among others which are major driving forces behind regional growth rate.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising demand for minimally invasive surgeries
- Technological advancements in cardiovascular surgical devices
- increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardiovascular Surgical Devices Market Research Report
By Type
Perfusion Disposables, Cardiopulmonary Bypass Equipment, Ventricular Assist Device, Cardiac Ablation Devices, Others
By Application
Interventional Cardiac Surgery, Cardiac Rhythm Management, Traditional Cardiac Surgery, Others
By Companies
Medtronic, Sorin, Terumo Corp, C.R. Bard, SEMMT, Abbott, Medwaves Incorporated, Edward Lifesciences, EndoPhotonix, Krdium, Medtronic, Nipro, Microport, Lepu Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Cardiovascular Surgical Devices Market Report Segments:
The global Cardiovascular Surgical Devices market is segmented on the basis of:
Types
Perfusion Disposables, Cardiopulmonary Bypass Equipment, Ventricular Assist Device, Cardiac Ablation Devices, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Interventional Cardiac Surgery, Cardiac Rhythm Management, Traditional Cardiac Surgery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Sorin
- Terumo Corp
- C.R. Bard
- SEMMT
- Abbott
- Medwaves Incorporated
- Edward Lifesciences
- EndoPhotonix
- Krdium
- Medtronic
- Nipro
- Microport
- Lepu Medical
Highlights of The Cardiovascular Surgical Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Perfusion Disposables
- Cardiopulmonary Bypass Equipment
- Ventricular Assist Device
- Cardiac Ablation Devices
- Others
- By Application:
- Interventional Cardiac Surgery
- Cardiac Rhythm Management
- Traditional Cardiac Surgery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardiovascular Surgical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cardiovascular surgical devices are medical devices that are used to treat cardiovascular diseases. These devices can include stents, bypass surgery, and pacemakers.
Some of the key players operating in the cardiovascular surgical devices market are Medtronic, Sorin, Terumo Corp, C.R. Bard, SEMMT, Abbott, Medwaves Incorporated, Edward Lifesciences, EndoPhotonix, Krdium, Medtronic, Nipro, Microport, Lepu Medical.
The cardiovascular surgical devices market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardiovascular Surgical Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cardiovascular Surgical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cardiovascular Surgical Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cardiovascular Surgical Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cardiovascular Surgical Devices Market Size & Forecast, 2020-2028
4.5.1 Cardiovascular Surgical Devices Market Size and Y-o-Y Growth
4.5.2 Cardiovascular Surgical Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Perfusion Disposables
5.2.2 Cardiopulmonary Bypass Equipment
5.2.3 Ventricular Assist Device
5.2.4 Cardiac Ablation Devices
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Interventional Cardiac Surgery
6.2.2 Cardiac Rhythm Management
6.2.3 Traditional Cardiac Surgery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardiovascular Surgical Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardiovascular Surgical Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Perfusion Disposables
9.6.2 Cardiopulmonary Bypass Equipment
9.6.3 Ventricular Assist Device
9.6.4 Cardiac Ablation Devices
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Interventional Cardiac Surgery
9.10.2 Cardiac Rhythm Management
9.10.3 Traditional Cardiac Surgery
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Perfusion Disposables
10.6.2 Cardiopulmonary Bypass Equipment
10.6.3 Ventricular Assist Device
10.6.4 Cardiac Ablation Devices
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Interventional Cardiac Surgery
10.10.2 Cardiac Rhythm Management
10.10.3 Traditional Cardiac Surgery
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Perfusion Disposables
11.6.2 Cardiopulmonary Bypass Equipment
11.6.3 Ventricular Assist Device
11.6.4 Cardiac Ablation Devices
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Interventional Cardiac Surgery
11.10.2 Cardiac Rhythm Management
11.10.3 Traditional Cardiac Surgery
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Perfusion Disposables
12.6.2 Cardiopulmonary Bypass Equipment
12.6.3 Ventricular Assist Device
12.6.4 Cardiac Ablation Devices
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Interventional Cardiac Surgery
12.10.2 Cardiac Rhythm Management
12.10.3 Traditional Cardiac Surgery
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Perfusion Disposables
13.6.2 Cardiopulmonary Bypass Equipment
13.6.3 Ventricular Assist Device
13.6.4 Cardiac Ablation Devices
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Interventional Cardiac Surgery
13.10.2 Cardiac Rhythm Management
13.10.3 Traditional Cardiac Surgery
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardiovascular Surgical Devices Market: Competitive Dashboard
14.2 Global Cardiovascular Surgical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Sorin
14.3.3 Terumo Corp
14.3.4 C.R. Bard
14.3.5 SEMMT
14.3.6 Abbott
14.3.7 Medwaves Incorporated
14.3.8 Edward Lifesciences
14.3.9 EndoPhotonix
14.3.10 Krdium
14.3.11 Medtronic
14.3.12 Nipro
14.3.13 Microport
14.3.14 Lepu Medical
