Cardiovascular Surgery Devices And Equipment Global Market Report 2023

Description

“Cardiovascular Surgery Devices And Equipment Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cardiovascular surgery devices and equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for cardiovascular surgery devices and equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cardiovascular surgery devices and equipment market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Beating heart surgery systems; Cardiopulmonary Bypass Equipment; Cardiac Ablation Devices; Perfusion Disposables

2) By End User: Home and Ambulatory care; Hospitals; Diagnostic laboratories; Research laboratories

3) By Application: Congenital Heart Defects; Cardiac Arrhythmia; Coronary Heart Disease; Congestive Heart Failure; Other Applications

Companies Mentioned: Abbott Laboratories; Boston Scientific Corporation; Cook Medical; C.R.Bard; Abiomed

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the cardiovascular surgery devices and equipment market are: Abbott Laboratories, Boston Scientific Corporation, Cook Medical, C.R.Bard, Abiomed, St.Jude medical, Angiodynamics Inc., Transmedics, Terumo cardiovascular systems corporation, and Edwards Life Science Corporation.

The global cardiovascular surgery devices and equipment market will grow from $1.68 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The cardiovascular surgery devices and equipment market is expected to grow to $1.91 billion in 2027 at a CAGR of 2.2%.

The cardiovascular surgery devices and equipment market consist of sales of perfusion disposables, beating heart surgery systems, cardiopulmonary bypass equipment, and cardiac ablation devices that are used for cardiovascular surgeries. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Cardiovascular surgery devices and equipment are used in cardiac surgery and other cardiovascular procedures performed to repair structural defects of the cardiovascular system and damaged or blocked valves and vessels.

The main product types in the cardiovascular surgery devices and equipment are beating heart surgery systems, cardiopulmonary bypass equipment, cardiac ablation devices, and perfusion disposables. Cardiopulmonary bypass equipment is used in open-heart surgeries and is operated by perfectionists. The various applications are congenital heart defects, cardiac arrhythmia, coronary heart disease, congestive heart failure, and other applications. These are used in home and ambulatory care, hospitals, diagnostic laboratories, and research laboratories.

North America was the largest region in the cardiovascular surgery devices and equipment market in 2022. Western Europe was the second-largest region in the cardiovascular surgery devices and equipment market. The regions covered in the cardiovascular surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The rising geriatric population along with the rising deaths related to cardiovascular disorders is driving the cardiovascular surgical devices market. According to American Heart Association (AHA), in the US, approximately 43.7 million aged above 60 suffered from cardiovascular disorders. It is also reported by AHA that death related to cardiac diseases amount to 17.3 million per year and is expected to rise to more than 23.6 million by 2030, worldwide. Due to these factors, a higher number of surgeries are being performed, thereby driving the market.

The cardiovascular surgical devices market may be restrained due to stringent and longer approval processes by the regulatory authorities. According to a researcher from Harvard Business School, innovative first-mover products such as implantable defibrillators or transcatheter heart valves are delayed for approvals by FDA, thereby adding to the development cost to the manufacturer. For new cardiovascular devices (first-entrants), the innovator spends 7.2 months longer than the first follow-on innovator. For example, Edwards Lifesciences trans-catheter heart valve was approved in Europe 4 years before it was approved in the USA. The study also estimated the financial loss associated with the delay in getting the approval. The delay may cost firms an average of $6.7 million to the already existing $94 million average prices to introduce a new medical device to market, thereby hampering companies' pursuit of innovations.

Companies in the cardiovascular surgery devices and equipment market are investing in second-generation bioresorbable stents and as well rectifying the glitches which occurred in the earlier version of bioresorbable stents. This advancing segment is poised to garner $247 million by 2025. Due to the all-new device features such as thinner strut thicknesses, faster resorption times, and better radial force, these are expected to grow at a higher growth rate. A higher elective procedure volume due to the less-invasive nature of PCIs, when compared to coronary artery bypass grafting, is expected to drive bioresorbable stents adoption. For instance, Amaranth Medical has developed three medical devices with thinner strut thickness, the latest bearing a magnitude of 100 microns.

The U.S. Food and Drug Administration's (FDA) Center for Devices and Radiological Health (CDRH) made public, its priority list for medical device guidance documents. This would allow the companies in promoting innovation and as well save them from the stringent consequences of non-approval of any product. Thus, a clearer and transparent approval method would drive the cardiovascular surgical devices market in the future.

The countries covered in the cardiovascular surgery devices and equipment market are: Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The cardiovascular surgery devices and equipment market research report is one of a series of new reports from The Business Research Company that provides cardiovascular surgery devices and equipment market statistics, including cardiovascular surgery devices and equipment industry global market size, regional shares, competitors with a cardiovascular surgery devices and equipment market share, detailed cardiovascular surgery devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the cardiovascular surgery devices and equipment industry. This cardiovascular surgery devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r1877

1. Executive Summary

2. Cardiovascular Surgery Devices And Equipment Market Characteristics

3. Cardiovascular Surgery Devices And Equipment Market Trends And Strategies

4. Cardiovascular Surgery Devices And Equipment Market - Macro Economic Scenario

4.1 COVID-19 Impact On Cardiovascular Surgery Devices And Equipment Market

4.2 Ukraine-Russia War Impact On Cardiovascular Surgery Devices And Equipment Market

4.3 Impact Of High Inflation On Cardiovascular Surgery Devices And Equipment Market

5. Cardiovascular Surgery Devices And Equipment Market Size And Growth

5.1. Global Cardiovascular Surgery Devices And Equipment Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Cardiovascular Surgery Devices And Equipment Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Cardiovascular Surgery Devices And Equipment Market Segmentation

6.1. Global Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Beating heart surgery systems
Cardiopulmonary Bypass Equipment
Cardiac Ablation Devices
Perfusion Disposables
6.2. Global Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Home and Ambulatory care
Hospitals
Diagnostic laboratories
Research laboratories
6.3. Global Cardiovascular Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Congenital Heart Defects
Cardiac Arrhythmia
Coronary Heart Disease
Congestive Heart Failure
Other Applications

7. Cardiovascular Surgery Devices And Equipment Market Regional And Country Analysis

7.1. Global Cardiovascular Surgery Devices And Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Cardiovascular Surgery Devices And Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Cardiovascular Surgery Devices And Equipment Market

8.1. Asia-Pacific Cardiovascular Surgery Devices And Equipment Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Cardiovascular Surgery Devices And Equipment Market

9.1. China Cardiovascular Surgery Devices And Equipment Market Overview
9.2. China Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Cardiovascular Surgery Devices And Equipment Market

10.1. India Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Cardiovascular Surgery Devices And Equipment Market

11.1. Japan Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Cardiovascular Surgery Devices And Equipment Market

12.1. Australia Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Cardiovascular Surgery Devices And Equipment Market

13.1. Indonesia Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Cardiovascular Surgery Devices And Equipment Market

14.1. South Korea Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Cardiovascular Surgery Devices And Equipment Market

15.1. Western Europe Cardiovascular Surgery Devices And Equipment Market Overview
15.2. Western Europe Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Cardiovascular Surgery Devices And Equipment Market

16.1. UK Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Cardiovascular Surgery Devices And Equipment Market

17.1. Germany Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Cardiovascular Surgery Devices And Equipment Market

18.1. France Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Cardiovascular Surgery Devices And Equipment Market

19.1. Eastern Europe Cardiovascular Surgery Devices And Equipment Market Overview
19.2. Eastern Europe Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Cardiovascular Surgery Devices And Equipment Market

20.1. Russia Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Cardiovascular Surgery Devices And Equipment Market

21.1. North America Cardiovascular Surgery Devices And Equipment Market Overview
21.2. North America Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Cardiovascular Surgery Devices And Equipment Market

22.1. USA Cardiovascular Surgery Devices And Equipment Market Overview
22.2. USA Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Cardiovascular Surgery Devices And Equipment Market

23.1. South America Cardiovascular Surgery Devices And Equipment Market Overview
23.2. South America Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Cardiovascular Surgery Devices And Equipment Market

24.1. Brazil Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Cardiovascular Surgery Devices And Equipment Market

25.1. Middle East Cardiovascular Surgery Devices And Equipment Market Overview
25.2. Middle East Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Cardiovascular Surgery Devices And Equipment Market

26.1. Africa Cardiovascular Surgery Devices And Equipment Market Overview
26.2. Africa Cardiovascular Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Cardiovascular Surgery Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Cardiovascular Surgery Devices And Equipment Market Competitive Landscape And Company Profiles

27.1. Cardiovascular Surgery Devices And Equipment Market Competitive Landscape
27.2. Cardiovascular Surgery Devices And Equipment Market Company Profiles
- 27.2.1. Abbott Laboratories
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Boston Scientific Corporation
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Cook Medical
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. C.R.Bard
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Abiomed
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Cardiovascular Surgery Devices And Equipment Market

29. Cardiovascular Surgery Devices And Equipment Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer