Cardiovascular Needle market growing at 7.3 % CAGR to 2028

The Cardiovascular Needle market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.

The cardiovascular needle market was valued at US$ 84.429 million in 2021 and is projected to reach US$ 137.855 million by 2028; it is expected to grow at a CAGR of 7.3 % from 2021 to 2028.

The cardiovascular needles are used during open-heart surgeries, cardiac valve procedures, heart transplantation procedures, coronary artery bypass graft surgeries, and so on. These needles are of two types: single use or eyeless needles and multiple use or eyed needles. Cardiovascular needles are manufactured from new stainless-steel alloys constituting high concentrations of nickel, Surgalloy, and Ethalloy.

List of Companies operating in this report are: Ethicon (Johnson & Johnson Services, Inc.), Mani, Inc, Barber of Sheffield, FSSB surgical needles GmbH, Medtronic, Aurolab, Teleflex Incorporated, Meril Life Sciences Pvt. Ltd., CP Medical
SMB Corporation of India

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Furthermore, the market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

Type-Based Insights

Based on type, the cardiovascular needle market is segmented into round-bodied needles and cutting needles. The round-bodied needles segment would account for a larger market share in 2021, and the cutting needles segment is anticipated to register a higher CAGR in the market during the forecast period.

Application-Based Insights

Based on application, the cardiovascular needle market is segmented into open heart surgery and cardiac valve procedures. The open-heart surgery segment is expected to hold a larger share of the market in 2021, and it is estimated to register a higher CAGR in the market during 2021-2028. Growth of the open-heart surgery segment is attributed to the increasing open-heart surgeries across the globe.

Usage-Based Insights           

Based on usage, the cardiovascular needle market is segmented into single use and multiple use. The single use segment is estimated to account for a larger market share in 2021. The market for this segment is estimated to grow at a higher CAGR from 2021 to 2028.

End User-Based Insights

Based on end user, the cardiovascular needle market is segmented into hospitals and clinics, ambulatory surgical centers, and cardiovascular centers. The hospitals and clinics segment would hold the largest share of the market in 2021; it is further estimated to register the highest CAGR in the market during the forecast period.

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Several market forces such as drivers and restraints and political, social, economic and technological advancements help shape up the industry in specific manner. All such forces are studied in detail to arrive at a market forecast which can help build the investment strategies in Cardiovascular Needle market.

Essential points covered in Cardiovascular Needle market report are:-

What will the market size and the growth rate be in 2028?
What are the key growth stimulants of Cardiovascular Needle market?
What are the key market trends impacting Cardiovascular Needle market valuation?
What are the challenges to market proliferation?
Who are the key vendors in the Cardiovascular Needle market?
Which are the leading companies contributing to Cardiovascular Needle market valuation?
What was the market share held by each region in 2028?
What is the estimated growth rate and valuation of Cardiovascular Needle market in 2028?

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