The global cardiovascular needles market is growing rapidly owing to its application in various fields such as open-heart surgery, cardiac valve procedures, coronary artery bypass graft surgery, heart transplant, and others. Furthermore, the increasing prevalence of population suffering from cardiovascular diseases, diabetes, and obesity driving the growth of the cardiovascular needles market globally.
The global cardiovascular needle market, as Market Research Future (MRFR) suggests, can attain 7.2% CAGR over the review period (2017-2023). Several treatments require cardiovascular needles such as open-heart surgery, cardiac valve procedures, coronary artery bypass graft surgery, heart transplant, and others. The need for such needles is on the rise as cases related to cardiovascular diseases are rising.
On the flip side, the cardiovascular needles market may witness a dip in the sale due to the growing use of surgical staples. However, cardiovascular needles have some specific utility where it can thrive more and reach the expected market valuation in the coming years.
Regional Analysis:
MRFR in their research on the cardiovascular needle market founded on four regions, namely the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The report also digs deep to provide a volume-wise and value-wise segmentation of the market.
Several prevalent diseases such as diabetes, obesity, cardiovascular irregularity, and others are present in the region in substantial numbers due to which the market of America has grown substantially strong. The regional market is getting amply backed by the superior infrastructure of the healthcare and high investment capacity of the region for research and development. Amply backed by the government and private funds, the region is expected to secure its premier position for the coming years as well.
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Europe ranks second in the global cardiovascular needle market due to the presence of several market titans. However, these companies are also involved in exporting their product to developing countries through which they are earning much revenue.
Segmental Analysis:
MRFR’s report on the global cardiovascular needle market is segmented by types, application, by usage, and by end user.
Based on the type, the cardiovascular needle market comprises round-bodied needles and cutting needles. The round-bodied needles segment consists of taper point needles and blunt point needles. The cutting needles segment consists of conventional cutting needles and reverses cutting needles.
Based on the application, the cardiovascular needle market consists of cardiac valve procedures, coronary artery bypass graft surgery, heart transplant, open-heart surgery, and others.
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Based on the usage, the cardiovascular needle market comprises single-use and multiple uses.
Competitive Landscape:
Players influencing the market are B. Braun Melsungen AG (Germany), CP Medical, Inc. (U.S.), Becton, Dickinson, and Company (U.S.), Ethicon Inc. (U.S.), Sheffield Ltd. (U.K.), KLS Martin Group (U.S.), Scanlan International Inc. (U.S.), Teleflex Incorporated (U.S.), Rumex International Corporation Ltd. (U.S.), Sklar Surgical Instruments (U.S.), Surgins surgical Ltd. (U.K.), Surtex Instruments Ltd. (U.K.), Medline Industries, Inc. (U.S.), Quality Needles Pvt. Ltd. (India), Delacroix-Chevalier (France), Wexler Surgical (U.S.), Symmetry Surgical Inc. (U.S.), Cardivon Surgical Inc. (China), FSSB Surgical Needles GmbH (Germany), and others.
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