The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s cardiovascular surgery devices and equipment market report forecasts the cardiovascular surgery devices and equipment market size to grow to $1.91 Billion by 2027, with a CAGR (compound annual growth rate) of more than 2%.

Learn More On The Cardiovascular Surgery Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cardiovascular-surgery-devices-and-equipment-global-market-report

Cardiovascular Surgery Devices And Equipment Market Size Forecast

The global cardiovascular surgery devices and equipment market is expected to 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cardiovascular surgery devices and equipment market size is expected to grow to $1.91 billion in 2027 at a CAGR of 2.2%.

North America held the largest cardiovascular surgery devices and equipment market share.

Key Cardiovascular Surgery Devices And Equipment Market Driver ­– Rise In Geriatric Population Along With The Rise In Deaths Related To Cardiovascular Disorders

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.

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Key Cardiovascular Surgery Devices And Equipment Market Trend – Investing In Second-Generation Bioresorbable Stents

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.

Cardiovascular Surgery Devices And Equipment Market Segment

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

Cardiovascular Surgery Devices And Equipment Market Major Players and Strategies

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 Cardiovascular Surgery Devices And Equipment Global Market Report 2023 covers regional data on cardiovascular surgery devices and equipment market size, cardiovascular surgery devices and equipment market trends and drivers, opportunities, strategies, and cardiovascular surgery devices and equipment market competitor analysis. The countries covered in the cardiovascular surgery devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

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