Harrisburg, NC -- (SBWIRE) -- 10/21/2020 -- Cardiovascular Surgery Devices And Equipment Global Market Report 2020
The cardiovascular surgery devices and equipment market consists of sales of cardiovascular surgery devices and related services. Cardiovascular surgery devices and equipment are used in cardiac surgery and other cardiovascular procedures performed to repair structural defects of the cardiovascular system of the heart and its damaged or blocked valves and vessels. Cardiovascular surgery devices are divided into perfusion disposables, beating heart surgery systems, cardiopulmonary bypass equipment and cardiac ablation devices.
Rising geriatric population along with the rising deaths related to cardiovascular disorders is driving the cardiovascular surgical devices market. According to American Heart Association (AHA), in the US, approximately 43.7 million aged above 60 suffered from cardiovascular disorders. It is also reported by AHA that death related to cardiac diseases amount to 17.3 million per year and is expected to rise to more than 23.6 million by 2030, world-wide. Due to these factors, higher number of surgeries are being performed, thereby driving the market.
The global cardiovascular surgery devices and equipment market was valued at about $27.23 billion in 2018 and is expected to grow to $35.69 billion at a CAGR of 7.0% through 2022.
Top Leading Companies mentioned are
Abbott Laboratories, Boston Scientific Corporation, Cook Medical, C.R.Bard and Abiomed.
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North America was the largest region in the cardiovascular surgery devices and equipment market in 2018. This region is expected to remain the largest during the next five years. The cardiovascular surgery devices and equipment market in Asia Pacific is forecasted to register the highest CAGR during 2018-2023.
The cardiovascular surgical devices market may be restrained due to stringent and longer approval process by the regulatory authorities. According to a researcher from Harvard Business School, innovative first-mover products such as implantable defibrillators or trans-catheter heart valves are delayed for approvals by FDA, thereby adding to the development cost to the manufacturer. For new cardiovascular devices (first-entrants), the innovator spends 7.2 months longer than the first follow-on innovator. For example, Edwards Lifesciences trans-catheter heart valve, was approved in Europe 4 years before it was approved in the USA. The study also estimated the financial loss associated with the delay in getting the approval. The delay may cost firms an average of $6.7 million to the already existing $94 million average price to introduce a new medical device to market, thereby hampering companies pursuit on new innovations.
Essential points covered in Global Cardiovascular Surgery Devices And Equipment Market2020 Research are:-
What will the market size and the growth rate be in 2020?
What are the key factors driving the global Cardiovascular Surgery Devices And Equipment market?
What are the key markets trends impacting the growth of the global Cardiovascular Surgery Devices And Equipment market?
What are the challenges to market growth?
Who are the key vendors in the global Cardiovascular Surgery Devices And Equipment market?
What are the market opportunities and threats faced by the vendors in the global Cardiovascular Surgery Devices And Equipment market?
What are the key outcomes of the five forces analysis of the global Cardiovascular Surgery Devices And Equipment market?
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This independent 300 page report guarantees you will remain better informed than your competition. With over figures examining the Cardiovascular Surgery Devices And Equipment market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Cardiovascular Surgery Devices And Equipment in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global Cardiovascular Surgery Devices And Equipment market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Cardiovascular Surgery Devices And Equipment market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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Benchmark performance against key competitors.
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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Cardiovascular Surgery Devices And Equipment on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Cardiovascular Surgery Devices And Equipment Market and assist manufacturers and Cardiovascular Surgery Devices And Equipment organization to better grasp the development course of Cardiovascular Surgery Devices And Equipment Market.
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