Press release
Cardiac Surgery Instruments Market Growth Report 2019: Global Analysis and Forecasts Influenced by B. Braun Melsungen AG (Germany), BD (US), KLS Martin Group (US), Sklar Surgical Instruments (US), Teleflex Incorporated (US), SYMMETRY SURGICAL INC (US)
"Cardiac Surgery Instruments Market"
This Cardiac Surgery Instruments Market research report gives answers to many of your critical business questions and challenges and proves to be a go-to solution. With this market report you can focus on the data and realities of the industry which keeps your business on the right path. The Cardiac Surgery Instruments Market report performs thorough analysis of the potential of the market in the present and the future prospects from various angles. To improve customer experience while using this report, all the facts and figures of statistical and numerical data are represented very well. This Cardiac Surgery Instruments Market report also comprises of a methodical investment analysis which forecasts forthcoming opportunities for the market players.
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Cardiac Surgery Instruments Market accounted to USD 1.70 billion in 2018 growing at a significant CAGR of 6.9% during the forecast period of 2019 to 2026 and expected to reach USD 2.90 billion by 2026. Also the Global Cardiac Surgery Instruments Market By Product {Clamps, Forceps (Vascular Forceps, Grasping Forceps, Other Forceps, Scalpel, Scissors, Needle Holder}, Application (Coronary Artery Bypass Graft, Heart Valve Surgery, Pediatric Surgery, Heart Transplant), Type of Material (Stainless Steel, Tungsten Carbide, and others) End User (Hospital, ASC), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Forecast to 2026
Market Drivers
• Increase in diabetic population, increased consumption of alcohol, rising obese population, increase in hypertension, aging population are the main drivers of the market.
• Increasing number of surgical procedure will drive the market.
Market Restraints
• Strict regulations by the government bodies will hamper the market.
• Adoption of alternative surgical methodology will restrain the growth of market.
Key Market Competitors: Global Cardiac Surgery Instruments Market
Few of the major competitors currently working in the cardiac surgery instruments market are B. Braun Melsungen AG (Germany), BD (US), KLS Martin Group (US), Sklar Surgical Instruments (US), Teleflex Incorporated (US), SYMMETRY SURGICAL INC (US), STILLE (Sweden), Delacroix-Chevalier (France), Cardivon Surgical Inc. (China), Boss Instruments, Ltd (US) Wexler Surgical (US), Medicon eG (Germany), Surgins (UK), Scanlan International (US), Rumex International Co. (US), SIM Surgical (US), Gebrüder Martin GmbH & Co. KG (Germany), MedServ International (Germany), Surtex Instruments Limited (UK) and Taurus Instruments AG (Germany) among others.
Key Developments in the Market:
• In July, 2018, Symmetry Surgical Inc. has acquired the electrosurgical business and related intellectual property of Bovie® brand, from Bovie Medical Corporation (“Bovie Medical”) for a total enterprise value of $97 million. It will increase the overall sales of the company as well as expand its market.
• Boss instruments launched a new product called Boss MIS retractor, made of surgical grade titanium which makes it better than its competitor product and the company further working on the R&D to expand the business.
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Competitive Analysis:
The global cardiac surgery instruments market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cardiac surgery instruments market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Cardiac Surgery Instruments Market
By Product
• Clamps
• Forceps
o Vascular Forceps
o Grasping Forceps
o Other Forceps
• Scalpel
• Scissors
• Needle Holder
By Application
• Coronary Artery Bypass Graft
• Heart Valve Surgery
• Pediatric Surgery
• Heart Transplant
By Type of Material
• Stainless Steel
• Tungsten Carbide
• and others
By End-user
• Hospital
• ASC
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Reasons to Purchase this Report -
Current and future of global cardiac surgery instruments market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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