As per the research report, the North America Cardiac Surgery Devices Market size is forecasted to worth USD 0.79 billion by 2027 from USD 0.68 billion in 2022, registering a CAGR of 3.12% from 2022 to 2027.
Increasing investments by the governments of North American countries to improve healthcare and R & D of healthcare in this region is expected to drive the market growth during the forecast period. The rising older people population suffering from cardiovascular diseases in this region is a significant contributor to the market growth. An estimated 43.7 million people suffered from cardiovascular disorders that are aged 60 years and above in the U.S., according to the evaluation of the American Heart Association. Moreover, 69.1% of men and 97.9% of women between 60 and 79 years of age had suffered from cardiac disorders in 2015 in the U.S. Around 68% of increasing in hospitals across all age groups, as per the data submitted by Heart & Stroke’s analysis of Canadian hospitalization during 2007-2017. For example, Medtronic has introduced its minimally invasive cardiac surgery products in the U.S. over an elegant distribution agreement with Miami Instruments LLC. This technology will continue to strengthen advancements towards the cardiac surgery devices market in the upcoming future.
The deficit of awareness in people and scarcity of expert professionals are restraining the growth in the region. Extortionate investments in cost and shortage of experienced surgeons are to fence the growth in the area.
This research report on the North America Cardiac Surgery Devices Market has been segmented and sub-segmented into the following categories:
By Product Type:
By Age Group:
North America had the largest market for cardiac surgery devices globally by the share in 2019, owing to the growing geriatric population and rising incidence of heart diseases due to unhealthy eating habits. In the North America region, the United States has the largest market share. Factors such as the growing prevalence of heart diseases and rising healthcare expenditure are expected to drive market growth during the forecast period.
The U.S. is ruling the market because of increase regular circulatory system disorders and increasing spending in healthcare. Increasing patient count and growing awareness programs, and escalating funds and investments for research schemes are predicted to surge North America's market growth. The unhealthy and stressful lifestyle of consumers, over-weight related issues, and latest technologies in the market, and growing requirement for heart surgeries in developed and undeveloped countries of the region are anticipated to present growth opportunities for the market.
The Canadian market is right behind the U.S. in leading the cardiac surgery devices market because of the growing stress of cardiovascular diseases and rising assumption of minimally invasive procedures. Every year 62,000 people are attacked with stroke in this Canada and are also anticipated to grow, and more than 405,000 people in this country live with the effects of stroke. Spending on healthcare shows considerable growth in both developed and existing economies, and growing life duration integrated with stress in modern-day life makes old people patients demand more trendsetters.
Companies playing a dominant role in the North America Cardiac Surgery Devices Market profiled in this report are Trinity Biotech, Abiomed, Inc., Cardinal Health, C. R. Bard, Inc., MedWaves Incorporated, CyberHeart Incorporated, and Transmedics, Inc., among others.
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