Cardiac Surgical Devices Market to Reach $3.1 Bn, Globally, by 2030 at 3.3% CAGR: Allied Market Research
Increase in prevalence of cardiac diseases, diabetes, and lifestyle disorders, rise in sedentary lifestyles, surge in excessive cigarette use, and growing number of people suffering from obesity drive the growth of the cardiac surgical devices market.
PORTLAND, Ore. , May 10, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Cardiac Surgical Devices Market by Product Type (Beating Heart Surgery Systems, Cardiopulmonary Bypass Equipment, Cardiac Ablation Devices, Perfusion Disposable), by Application (Congenital Heart Defects, Cardiac Arrhythmia, Coronary Heart Disease, Congestive Heart Failure, Others), by Age Group (New-born Population, Infant Population, Children Population, Adult Population): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global cardiac surgical devices industry was estimated at $2.2 billion in 2020, and is anticipated to hit $3.1 billion by 2030, registering a CAGR of 3.3% from 2021 to 2030.
Download Sample PDF at: https://www.alliedmarketresearch.com/request-sample/2177
Drivers, restraints, and opportunities-
Increase in prevalence of cardiac diseases, diabetes, and lifestyle disorders, rise in sedentary lifestyles, surge in excessive cigarette use, and growing number of people suffering from obesity drive the growth of the cardiac surgical devices market. On the other hand, high cost of procedures associated with cardiac surgeries restrains the growth to some extent. However, increase in life expectancy is expected to create lucrative opportunities in the industry.
Covid-19 scenario-
- The outbreak of the pandemic had a negative impact on the global surgical devices market, since the implementation of the global lockdown delayed most of the surgeries up to six months. Therefore, there was a declined demand for cardiac surgical devices across the world, especially during the initial period.
- However, the global situation is getting back to normalcy and the market has already started recovering. With this drift on board, the industry is projected to get back on track soon.
The perfusion disposable segment to dominate by 2030-
By product type, the perfusion disposable segment contributed to the major share in 2020, holding nearly three-fourths of the global cardiac surgical devices market. The same segment would also cite the fastest CAGR of 3.4% during the forecast period. Rise in the prevalence of coronary artery bypass grafting and increase in number of heart valve replacement surgeries fuel the segment growth.
Specific Requirement on COVID-19? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/2177
The cardiac arrhythmia segment to maintain the lion's share-
By application, the cardiac arrhythmia segment accounted for the major share in 2020, holding more than two-thirds of the global cardiac surgical devices market. The same segment is also expected to grow at the fastest CAGR of 3.4% from 2021 to 2030, due to surge in incidence of atrial fibrillation among the global population.
North America garnered the major share in 2020-
By region, the market across North America had the lion's share in 2020, generating nearly two-fifths of the global cardiac surgical devices market. The Asia-Pacific region, on the other hand, is projected to portray the fastest CAGR of 4.0% by 2030, due to increase in cases of diabetes, rise in healthcare facilities, and technological advancements in the region.
Key players in the industry-
- Medtronic Inc.
- MAQUET GmbH & Co. KG
- Quest Medical, Inc.
- Angiodynamics, Inc.
- Terumo Cardiovascular Systems Corporation
- Edwards Life Science
- Abbott Vascular
- LivaNova PLC
- Boston Scientific Corporation
- Cook Medical
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter
"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."
Trending Reports in Healthcare Industry (Book Now with 10% Discount):
U.S. Fluoroscopy Equipment Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
Muscle Stimulator - Global Opportunity Analysis and Industry Forecast, 2020-2028
Japan Laboratory Filtration Market - Global Opportunity Analysis and Industry Forecast, 2020–2028
VR In Healthcare Market - Global Opportunity Analysis and Industry Forecast, 2020–2028
In Vitro Diagnostics (IVD) Market - Global Opportunity Analysis and Industry Forecast, 2020–2028
Surgical Equipment Market - Global Opportunity Analysis and Industry Forecast, 2020–2028
Teleradiology Market - Global Opportunity Analysis and Industry Forecast, 2020–2028
Multiplex Assays Market - Global Opportunity Analysis and Industry Forecast, 2020–2028
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/
SOURCE Allied Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article