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Future Trends and Competitive Landscape of Cardiac Surgery Devices Market by 2026
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Another form of heart surgery which is gaining popularity is robot assisted heart surgery. It is a machine which performs surgery by the control of heart surgeons. The biggest advantage is the size of the incision made in the patient. Also, there is pediatric heart surgery – surgery for children and modern beating heart surgery which is an off-pump coronary artery bypass done by using a technique called endoscopic vessel harvesting (EVH).
Rising emergence of cardiovascular diseases, increasing number of heart attacks and strokes, rising demand of minimally invasive procedures, increase spending per capita income, are key driving factor for this market. Furthermore, increasing elderly population, unhealthy and stressful lifestyle of consumers, obesity-related issues, technology advancement and innovation, are some other key driving factors in cardiac surgery market. Furthermore, all the above mentioned factors has led to increase in demand of cardiac surgery market in developed and developing regions.
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With so many advantages and splendid features of cardiac surgery devices, it has few disadvantages too. High investment cost and shortage of professional/skilled surgeons are acting as a barrier for cardiac surgery market.
The cardiac surgery devices market has grown substantially at a healthy CAGR due to increasing number cardiovascular disease. With rapid technological advancement and innovation, cardiac surgery devices market is expected to grow globally. North America is the largest market for cardiac surgery devices and Asia Pacific would be the fastest growing market in the forecast period.
The cardiac surgery devices market is expected to register a double-digit CAGR over the forecast period. Depending on geographic regions, cardiac surgery devices market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, and Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). North America is the largest market for cardiac surgery devices and is expected to dominate the market throughout the forecast period. Asia Pacific is the fastest growing region in the forecast period.
Some of the key market players for cardiac surgery devices market are Boston Scientific Corporation, Abbott Laboratories, AngioDynamics, COOK Medical, C. R. Bard, Inc., Terumo Cardiovascular Systems Corporation, St. Jude Medical, Inc., Thoratec Corporation, Edwards Lifesciences Corporation., TransMedics, Inc.
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