The Cardiac Surgery Devices Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
New York, NY -- (SBWIRE) -- 03/09/2017 -- Cardiac Surgery Devices Market: Drivers & Restraints
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.
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.
Cardiac Surgery Devices Market: Overview
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.
Cardiac Surgery Devices Market: Region-wise Outlook
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.
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Cardiac Surgery Devices Market: Key Players
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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