The Cardiac Surgery Devices Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Cardiac Surgery Devices Market is estimated to be USD 1.88 billion in 2017 and predicted to rise to USD 2.2 billion by 2022 with a CAGR of 3.15%. The market is divided by Product Type (Cardiopulmonary Bypass Equipment, Beating Heart Surgery Systems, Perfusion Disposables and Cardiac Ablation Devices), by Application (Cardiac Arrhythmia, Coronary Heart Disease, Congenital Heart Defects, Congestive Heart Failure and Other Applications), by Age Group (New-born (0-30 days), Infant (31 days-1 year), Children (1-18 years) and Adult (18+ years)). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The driving factors of global Cardiac Surgery Devices market are growth in prevalence and incidence of heart related diseases. Also, the growth in healthcare insurance and healthcare expenditure are expected to propel the market growth during the forecast period. However, the market is constrained due to factors such as and lack of awareness among the population and shortage of experienced healthcare professionals.
The global Cardiac Surgery Devices market is segmented based on product type into Cardiopulmonary Bypass Equipment, Beating Heart Surgery Systems, Perfusion Disposables and Cardiac Ablation Devices. By application, the market is categorised into Cardiac Arrhythmia, Coronary Heart Disease, Congenital Heart Defects, Congestive Heart Failure and other applications. By age group, the market is divided into New-born (0-30 days), Infant (31 days-1 year), Children (1-18 years) and Adult (18+ years). In the total market, perfusion disposables has the largest market share and is also expected to have the highest growth rate.
The Global Cardiac Surgery Devices market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Cardiac Surgery Devices in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to huge patient base and rising disposable incomes.
Some of the major players in the market are Trinity Biotech, Abiomed, Inc., Cardinal Health, C. R. Bard, Inc., MedWaves Incorporated, CyberHeart Incorporated and Transmedics, Inc. among others.
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