Cardiovascular Needles Market to Register Promising Growth of USD 139.68 Million, and Market Analysed by Size, Share, Growth Opportunities, Trade Insights & Competitive Landscape by 2029
NEW YORK, Aug. 19, 2022 /PRNewswire/ -- Data Bridge Market Research Published Latest Global Cardiovascular Needles Market Study by in-depth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. Cardiovascular Needles Market analysis report covers detailed value chain analysis of the market. The value chain analysis helps to analyze major upstream raw materials, major equipment, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.
Global cardiovascular needles market is tend to have a CAGR of 6.50% in the forecast period of 2022-2029. This market was valued at USD 84.4 million in 2021 and it is expected to rise up to 139.68 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Synopsis:-
The cardiovascular needle market is expected to grow moderately during the forecast period as traditional procedures have been replaced by the use of surgical staples. With the increasing number of recurrent cardiovascular surgeries, the hospital segment is expected to occupy a larger share. The incorporation of new materials and designs paved the way for cutting-edge technology, thereby enriching the outlook for the cardiovascular needle market. For instance, the newly introduced device has resulted in a reduction in pinhole bleeding in vascular anastomosis.
Cardiovascular disorders are on the rise and factors such as tobacco consumption, unhealthy diet, and physical inactivity, which increase the risk of heart attacks and strokes, lead to the increase in the cardiovascular diseases. The cardiovascular needles are used during open-heart surgeries, coronary artery bypass graft surgeries, cardiac valve procedures, heart transplantation procedures and many such surgeries. An increasing number of patients suffering from cardiovascular disease, obesity and diabetes and an aging population are driving the cardiovascular needle market.
Some of the major players operating in the cardiovascular needles market are:
- BD (US)
- B. Braun Melsungen AG (Germany)
- CP Medical, Inc. (U.S.)
- Ethicon Inc. (US)
- KLS Martin Group (US)
- Sklar Surgical Instruments (US)
- Rumex International Corporation Ltd. (UK)
- Scanlan International Inc. (US)
- Teleflex Incorporated (US)
- Medline Industries, Inc. (US)
- Surgins surgical Ltd. (UK)
- Surtex Instruments Ltd. (UK)
- Symmetry Surgical Inc. (US)
- Delacroix-Chevalier (France)
- Wexler Surgical (US)
- Quality Needles Pvt. Ltd. (India)
- FSSB surgical needles GmbH (Germany)
- Aurolab(India)
- Meril Life Sciences Pvt. Ltd.(India)
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Opportunities For Leading Players
- Presence of advanced technologies
New materials and designs paved the way for cutting-edge technology and opened up the potential for the cardiovascular needles market. Further advances in technology and the introduction of new methods and products such as laser drill cardiovascular needles are expected to improve the effectiveness of sutures and drive market growth in the coming years.
- Increased co-morbid conditions and Influence of unhealthy lifestyle
The rapid increase in demographic aging and high smoking rates are also expected to drive the growth of the global cardiovascular needles market during the forecast period 2022-2029. Similarly, rapid lifestyle changes, increased comorbidity, high tobacco usage, and high obesity incidence are expected to create ample opportunities for the market to grow in the above mentioned forecast period.
Cardiovascular Needles Market Dynamics
Drivers
- Rising Prevalence of Cardiovascular Diseases
Cardiovascular sicknesses had been taken into consideration because the predominant purpose of fitness loss, in particular in elderly, and a key purpose of morality in teens across the world. Hence, the cardiovascular needles market is rising high.
- Availability of better penetrating products
Advances in materials have produced highly sharp, hard-to-bend, malleable needles. All of these improve the performance of the device in a variety of cardiovascular surgery. Increasing demand for cardiovascular needles in clinics and hospitals is expected to bring significant returns to players in the cardiovascular needles market.
The investment made in the study would provide you access to information such as:
- Cardiovascular Needles Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter's Five Forces, etc.
- Market Size)
- Market Size by application/industry verticals
- Market Projections/Forecast
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Market Scope:- Cardiovascular Needles Market
The cardiovascular needles market is segmented on the basis of product type, usage, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Round Bodied Needles
- Taper Point Needles
- Blunt Point Needles
- Cutting Needles
- Conventional Cutting Needles
- Reverse Cutting Needles
Usage
- Single use/ Eyeless Needles
- Multiple use/ Eyed Needles
Application
- Open Heart Surgery
- Cardiac Valve Procedures
- Coronary Artery Bypass Graft Surgery
- Heart Transplant
- Others
End-Users
- Hospitals and Clinics
- Ambulatory Surgical Centres
- Cardiovascular Centres
Global Cardiovascular Needles Market Regional Analysis/Insights
The cardiovascular needles market report is analysed and market size insights and trends are provided by product type, usage, application and end-users as referenced above. The countries covered are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cardiovascular needle market due to the growing elderly population, advanced medical facilities and increased life expectancy. In addition, the introduction of the latest technologies such as laser drills and cardiovascular needles is expected to boost market demand over the forecast period. Asia Pacific is expected to grow at a significant growth rate during the forecast period of 2022 to 2029. Japan has the largest share of the regional market due to the availability of advanced technology and huge medical costs. In addition, the rapidly developing economy and rising health care costs are projected to drive the Chinese and Indian markets during the forecast period.
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The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Frequently asked questions: -
- What is the current market value for Global Cardiovascular Needles Market?
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