Cardiac Surgery Instruments Market Growth, Demand & Forecast 2030
Growing heart disease due to changing lifestyle will drive the growth of the cardiac surgery instruments market
Unhealthy dietary habits, characterized by the consumption of processed foods high in saturated fats, sugars, and sodium, have been linked to obesity, high blood pressure, and high cholesterol levels. These risk factors significantly increase the likelihood of developing heart disease, such as coronary artery disease and heart failure. Consequently, the demand for cardiac surgeries to address these conditions has witnessed a notable rise. Furthermore, sedentary lifestyles have become increasingly common in modern society.
Lack of regular physical activity and prolonged periods of sitting or inactivity can lead to weight gain, poor cardiovascular fitness, and an increased risk of developing heart disease. As a result, individuals with sedentary lifestyles are more likely to require cardiac surgeries, such as bypass surgeries or valve replacements, to restore heart function and improve overall health. The rising number of smokers contributes to the increased demand for cardiac surgeries and, subsequently, cardiac surgery instruments.
cardiac surgery instruments market is projected to reach USD 3.10 billion by 2030 from USD 1.72 billion in 2023, at a CAGR of 7.8% from 2023-2030.
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The rising demand for minimally invasive cardiac surgeries is also expected to drive the cardiac surgery instruments market growth.
Due to its potential advantages, minimally invasive cardiac operations are becoming more and more common among patients and doctors. Due to they require fewer incisions, produce less discomfort, and require less recovery time than conventional open-heart surgeries, patients frequently like these procedures. As minimally invasive techniques enable precise surgical treatments and better patient outcomes, surgeons are now embracing them more frequently.
As a result, there is an increase in demand for the specialised instruments utilised in these procedures, including endoscopic tools, robotic-assisted instruments, and specialised catheters. Modern technology has enabled the creation of unique and specialised devices for heart surgery.
With the use of these tools, surgeons can carry out intricate surgeries with more control, precision, and visualisation. For instance, improvements in imaging technologies, such as 3D visualisation platforms and surgical platforms with robotic assistance, have made minimally invasive procedures more precise and effective. Advanced surgical instrument development is ongoing, which improves surgical outcomes and stimulates market expansion. Cardiovascular problems include coronary artery disease, heart failure, and valve disorders are becoming more and more prevalent worldwide.
A larger need for cardiac surgeries, especially minimally invasive ones, is brought on by this rising prevalence. The demand for specialised devices for precise and successful surgical interventions increases along with the number of cardiac operations.
Owing to growing number of cardiac surgeries and increasing number of geriatric populations, that propels the demand for cardiac surgery instruments market.
The global prevalence of cardiovascular disorders such as coronary artery disease and heart failure is increasing. As a result, there is a larger need for heart operations to treat these disorders, which drives up demand for cardiac surgical tools. In addition, the global population is ageing, with an increase in the elderly population.
Older people are more vulnerable to cardiovascular disease and may require cardiac surgery to be treated. The ageing population, combined with advances in healthcare, has made heart procedures more accessible and safer for senior people, driving demand for cardiac surgical tools even higher.
The presence of large industry players carrying out strategic initiatives will drive cardiac surgery instruments market share.
The North America region dominated the cardiac surgery instruments market.
The North America region has dominated the cardiac surgery instruments market due to several factors. The region has a well-developed healthcare infrastructure, advanced medical technologies, and a high prevalence of cardiovascular diseases. Additionally, North America has a strong focus on research and development in the healthcare sector, leading to the introduction of innovative cardiac surgery instruments.
The Cardiac surgery instruments market key players include Medtronic plc, Edwards Lifesciences Corporation, Abbott Laboratories, Boston Scientific Corporation, Terumo Corporation, LivaNova PLC, Teleflex Incorporated, Sklar Surgical Instruments, Teleflex Incorporated, B. Braun Melsungen AG, Stryker Corporation, Medtronic plc, Becton, Dickinson and Company.
The presence of key market players and a favorable reimbursement scenario further contribute to the dominance of North America in the market. Moreover, the region has a high healthcare expenditure and a growing geriatric population, which increases the demand for cardiac surgeries and related instruments. Stringent regulatory standards and a strong emphasis on patient safety also play a role in driving the growth of the market.
New Developments in Cardiac Surgery Instruments Market
Mar. 9, 2023: LivaNova PLC, a market-leading medical technology and innovation business, announced that its EssenzTM Heart-Lung Machine (HLM) has achieved FDA 510(k) clearance.
Feb. 22, 2023: Teleflex Incorporated, a leading global provider of medical technology, announced important milestones in the release of two innovative catheters: The TriumphTM Catheter receiving FDA 510(k) approval and the first clinical usage of the GuideLiner® CoastTM Catheter.
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