The Global Cardiovascular Needles Market is growing rapidly owing to its application in various fields such as open-heart surgery, cardiac valve procedures, coronary artery bypass graft surgery, heart transplant, and others. Furthermore, increasing prevalence of population suffering from cardiovascular diseases, diabetes, and obesity driving the growth of the cardiovascular needles market globally. According to the International Diabetes Federation in 2016, it was estimated that 420 million adult population had diabetes, which is increasing at the rate of 8.4% and is expected to reach 625 million by 2040.
The Global Cardiovascular Needles Market is expected to grow at a CAGR of 7.2% during the forecast period 2018-2023.
There are various factors and opportunities which help the cardiovascular needles market to grow but there are some factors which are against the market and hampering the growth and development of the industry. The factor which may hamper the growth of the Cardiovascular Needles market is increasing use of surgical staples instead of needles and suture. Moreover, increasing government support, changing lifestyle, and rapidly developing technology are expected to boost the market growth during the forecast period.
Global Cardiovascular Needles Market – Key Players
Some of the key the players in the market are Becton, Dickinson, and Company (US), B. Braun Melsungen AG (Germany), Sheffield Ltd. (UK), CP Medical, Inc. (the U.S.), Ethicon Inc. (US), KLS Martin Group (US), Sklar Surgical Instruments (US), Rumex International Corporation Ltd. (US), Scanlan International Inc. (US), Teleflex Incorporated (US), Medline Industries, Inc. (US), Surgins surgical Ltd. (UK), Surtex Instruments Ltd. (UK), Cardivon Surgical Inc. (China), Symmetry Surgical Inc. (US), Delacroix-Chevalier (France), Wexler Surgical (US), Quality Needles Pvt. Ltd. (India), FSSB surgical needles GmbH (Germany)
Global Cardiovascular Needles Market – Intended Audience
- Cardiovascular needle manufacturers
- Cardiovascular needle suppliers
- Research and Development (R&D) Companies
- Government Research Laboratories
- Independent Research Laboratories
- Government and Independent Regulatory Authorities
- Market Research and Consulting Service Providers
- Medical Research Laboratories
- Academic Medical Institutes and Universities
Global Cardiovascular Needles Market – Regional Analysis
The Americas dominate the global cardiovascular needles market owing to the presence of a huge patient population with chronic diseases and rising genetic population. Furthermore, market players of this region continue to involve in providing a quality product, which gives an edge to this region. According to the Population Reference Bureau, the number of Americans aged over 65 is projected to be more than double from 46 million in 2014 to over 98 million by 2060.
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Europe holds the second largest share of the Global Cardiovascular Needles Market as result of increasing focus of various government agencies on the treatment of chronic diseases. Moreover, the growing public awareness about cardiovascular needles is likely to boost the European market. According to the European Cardiovascular Disease Statistics (2016), every year cardiovascular disease causes 3.9 million deaths in Europe, which accounts for 45% of all deaths in Europe.
The Asia Pacific is the fastest growing cardiovascular needles market across the globe. Japan holds the major share of the regional market due to the availability of advanced technology and huge healthcare spending. Moreover, rapidly developing the economy and increasing healthcare expenditure are projected to drive the market in China and India over the forecast period.
The Middle East and Africa hold the least share of the global market due to limited availability of medical facilities.
Global Cardiovascular Needles Market – Segmentation
The Global Cardiovascular Needle Market is segmented based on types, application, usage, and end user. Based on the type, it is segmented into round bodied needles and cutting needles. Furthermore, round-bodied needles segmented into taper point needles and blunt point needles. Also, cutting needles segmented into conventional cutting needles and reverse cutting needles. Based on the application, it is segmented into open heart surgery, Cardiovascular Needle procedures, coronary artery bypass graft surgery, heart transplant, and others. Based on the usage, it is segmented into single use and multiple uses. Based on the end user, it is segmented into hospitals, clinics, ambulatory surgical centers, and others.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
List of Tables
Table 1 Cardiovascular Needle Industry Synopsis, 2017-2023
Table 2 Global Cardiovascular Needle Market Estimates and Forecast, 2017-2023, (USD Million)
Table 3 Global Cardiovascular Needle Market by Region, 2017-2023, (USD Million)
Table 4 Global Cardiovascular Needle Market by Types, 2017-2023, (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Segmentation for Global Cardiovascular Needle Market
Figure 3 Segmentation Market Dynamics for Cardiovascular Needle Market
Figure 4 Global Cardiovascular Needle Market Share, By Type 2016
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