Market Scenario:
Cardiac Surgery Instruments Market share is expected to grow significantly over the forecast period. The Global Cardiac Surgery Instruments Market was valued at approximately USD 1,160 Million in 2017 and is projected to register a 7.5% CAGR over the forecast period.
Cardiac surgery instruments are special tools used during heart surgeries. These devices are used in operating heart-related problems such as blockages in arteries and veins, improper functioning of aortic valve, arrhythmia, and heart attacks.
The key factors driving the market growth are the increasing prevalence of cardiac diseases, growing geriatric population with either one of heart diseases, sedentary lifestyles, and a lack of exercise. Moreover, the stress and hectic lifestyle causing heart diseases also boost the cardiac surgery instruments market.
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However, factors such as stringent government regulation associated with medical devices and price capping for medical devices are expected to hamper the market growth.
Segmentation
The global cardiac surgery instruments market has been segmented into product, application, and end users, and region.
Based on product, the global market has been segmented into forceps, clamps, scalpels, scissors, spreaders, needle holders, and others. On the basis of forceps, the market has been further sub-segmented into vascular forceps, grasping forceps, and other forceps.
Based on application, the global market has been divided into coronary artery bypass grafting, heart, valve surgery, pediatric surgery, heart transplant, and others.
The global market, by end user, has been segmented into hospitals & clinics, ambulatory surgical centers, and others.
The global cardiac surgery instruments market, by region, has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The cardiac surgery instruments market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.
The European cardiac surgery instruments market has been segmented into Western Europe and Eastern Europe. Western Europe has segmented into the UK, Germany, France, Spain, Italy, and the rest of Western Europe.
The Asia-Pacific cardiac surgery instruments market has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
The cardiac surgery instruments market in the Middle East & Africa has been segmented into the Middle East and Africa. The increasing development in healthcare infrastructure and the growing economy in countries such as Kuwait, Iran, Israel, and Iraq drive the market growth in this region.
Key Players
B.Braun Melsungen AG (Germany), KIS Martin Group(Germany), Sklar Surgical Instruments (US), Teleflex Incorporated (US), Symmetry Surgical Inc (US), Medicon eG (Germany), STILLE (US), Delacroix-Chevalier (US) , Cardivon Surgical Inc. (China), Boss Instruments Ltd (US) , Wexler Surgical (US), and Scanlan International (US) are some of the key players operating in the global cardiac surgery instruments market.
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