Cardiac Surgery Devices Market Estimated to reach USD $2.27 Billion by the end of 2023 | Major Key players are Trinity Biotech, Abiomed, Inc., Cardinal Health, C. R. Bard, Inc., MedWaves Incorporated, CyberHeart Incorporated and Transmedics

Cardiac Surgery Devices Market Overview:

Cardiac surgery, or cardiovascular surgery, is surgery on the heart or great vessels performed by cardiac surgeons. Cardiovascular surgeons operate on your heart and blood vessels to repair damage caused by diseases or disorders of the cardiovascular system. Surgeons use CABG to treat people who have severe coronary heart disease (CHD). CHD is a disease in which a waxy substance called plaque builds up inside the coronary arteries.

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The key factors that drive the growth of cardiac surgical devices market include a rise in incidence & prevalence of cardiovascular diseases. In addition, the rise in healthcare expenditure and healthcare insurance are expected to fuel the market growth during the analysis period. Furthermore, increasing elderly population, unhealthy and stressful lifestyle of consumers, obesity-related issues, technology advancement and innovation, are some other key driving factors in the cardiac surgery market. However, shortage of experienced healthcare professionals and lack of awareness among the population restrict the growth.

Cardiac Surgery Devices Market Forecast Report (2018-2023):

Global Cardiac Surgery Devices Market Value was worth USD $1.94 Billion in 2018 and estimated to reach USD $2.27 Billion by the end of 2023 with a growing potential at a CAGR of 3.15%.

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Cardiac Surgery Devices Market Segmentation:

Cardiac Surgery Devices Market is segmented based on product type, application, age group and region. Based on product type, the market is divided into Cardiopulmonary Bypass Equipment, Beating Heart Surgery Systems, Perfusion Disposables and Cardiac Ablation Devices. By application, the market is categorized into Cardiac Arrhythmia, Coronary Heart Disease, Congenital Heart Defects, Congestive Heart Failure and other applications. By age group, the market is divided into New-born (0-30 days), Infant (31 days-1 year), Children (1-18 years) and Adult (18+ years).

Based on Geography, the Cardiac Surgery Devices market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America accounts for the largest share of the market followed by Europe and Asia Pacific.

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Major Players:

Some of the major players in the market are Trinity Biotech, Abiomed, Inc., Cardinal Health, C. R. Bard, Inc., MedWaves Incorporated, CyberHeart Incorporated and Transmedics, Inc. among others.

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