Global Cardiovascular Needles Market, By Product Type (Round-bodied Needles, Taper Point Needles, Blunt Point Needles, Cutting Needles, Conventional Cutting Needles, Reverse Cutting Needles), Usage (Single Use/ Eyeless Needles, Multiple Use/ Eyed Needles), Application (Open Heart Surgery, Cardiac Valve Procedures, Coronary Artery Bypass Graft Surgery, Heart Transplant, Others), End-Users (Hospitals and Clinics, Ambulatory Surgical Centers, and Cardiovascular Centers) – Industry Trends and Forecast to 2029.
Cardiovascular Needles Market Analysis and Size
The cardiovascular needle market is expected to grow moderately during the forecast period as traditional procedures have been replaced by the use of surgical staples. With the increasing number of recurrent cardiovascular surgeries, the hospital segment is expected to occupy a larger share. The incorporation of new materials and designs paved the way for cutting-edge technology, thereby enriching the outlook for the cardiovascular needle market. For instance, the newly introduced device has resulted in a reduction in pinhole bleeding in vascular anastomosis.
Global cardiovascular needles market is tend to have a CAGR of 6.50% in the forecast period of 2022-2029. This market was valued at USD 84.4 million in 2021 and it is expected to rise up to 139.68 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Cardiovascular Needles Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Round-bodied Needles, Taper Point Needles, Blunt Point Needles, Cutting Needles, Conventional Cutting Needles, Reverse Cutting Needles), Usage (Single Use/ Eyeless Needles, Multiple Use/ Eyed Needles), Application (Open Heart Surgery, Cardiac Valve Procedures, Coronary Artery Bypass Graft Surgery, Heart Transplant, Others), End-Users (Hospitals and Clinics, Ambulatory Surgical Centers, and Cardiovascular Centers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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BD (US), B. Braun Melsungen AG (Germany), CP Medical, Inc. (U.S.), Ethicon Inc. (US), KLS Martin Group (US), Sklar Surgical Instruments (US), Rumex International Corporation Ltd. (UK), Scanlan International Inc. (US), Teleflex Incorporated (US), Medline Industries, Inc. (US), Surgins surgical Ltd. (UK), Surtex Instruments Ltd. (UK), Symmetry Surgical Inc. (US), Delacroix-Chevalier (France), Wexler Surgical (US), Quality Needles Pvt. Ltd. (India), FSSB surgical needles GmbH (Germany), Aurolab (India), Meril Life Sciences Pvt. Ltd.(India)
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Market Opportunities
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Market Definition
Cardiovascular disorders are on the rise and factors such as tobacco consumption, unhealthy diet, and physical inactivity, which increase the risk of heart attacks and strokes, lead to the increase in the cardiovascular diseases. The cardiovascular needles are used during open-heart surgeries, coronary artery bypass graft surgeries, cardiac valve procedures, heart transplantation procedures and many such surgeries. An increasing number of patients suffering from cardiovascular disease, obesity and diabetes and an aging population are driving the cardiovascular needle market.
Global Cardiovascular Needles Market Dynamics
Drivers
- Rising Prevalence of Cardiovascular Diseases
Cardiovascular sicknesses had been taken into consideration because the predominant purpose of fitness loss, in particular in elderly, and a key purpose of morality in teens across the world. Hence, the cardiovascular needles market is rising high.
- Availability of better penetrating products
Advances in materials have produced highly sharp, hard-to-bend, malleable needles. All of these improve the performance of the device in a variety of cardiovascular surgery. Increasing demand for cardiovascular needles in clinics and hospitals is expected to bring significant returns to players in the cardiovascular needles market.
Opportunities
- Presence of advanced technologies
New materials and designs paved the way for cutting-edge technology and opened up the potential for the cardiovascular needles market. Further advances in technology and the introduction of new methods and products such as laser drill cardiovascular needles are expected to improve the effectiveness of sutures and drive market growth in the coming years.
- Increased co-morbid conditions and Influence of unhealthy lifestyle
The rapid increase in demographic aging and high smoking rates are also expected to drive the growth of the global cardiovascular needles market during the forecast period 2022-2029. Similarly, rapid lifestyle changes, increased comorbidity, high tobacco usage, and high obesity incidence are expected to create ample opportunities for the market to grow in the above mentioned forecast period.
Restraints/Challenges
- Substantial cost of management
The substantial cost of management has posed high burden especially to patients from low- and middle-income countries. It can pose as a hindrance in the development of cardiovascular needles market. The high costs involved in cardiac treatments is surely working as a bane for CVD patients.
- High operating-suite time
Operating rooms are expensive to run, and hospitals strive to be efficient. The intense long operating time creates strain and tension in the patients which in return hampers the growth of the market as patients are willing to take backstep in accepting the surgery.
This cardiovascular needles market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cardiovascular needles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cardiovascular Needles Market Scope
The cardiovascular needles market is segmented on the basis of product type, usage, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Round Bodied Needles
- Taper Point Needles
- Blunt Point Needles
- Cutting Needles
- Conventional Cutting Needles
- Reverse Cutting Needles
Usage
- Single use/ Eyeless Needles
- Multiple use/ Eyed Needles
Application
- Open Heart Surgery
- Cardiac Valve Procedures
- Coronary Artery Bypass Graft Surgery
- Heart Transplant
- Others
End-Users
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Cardiovascular Centers
Global Cardiovascular Needles Market Regional Analysis/Insights
The cardiovascular needles market is analysed and market size insights and trends are provided by product type, usage, application and end-users as referenced above.
The countries covered are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cardiovascular needle market due to the growing elderly population, advanced medical facilities and increased life expectancy. In addition, the introduction of the latest technologies such as laser drills and cardiovascular needles is expected to boost market demand over the forecast period.
Asia Pacific is expected to grow at a significant growth rate during the forecast period of 2022 to 2029. Japan has the largest share of the regional market due to the availability of advanced technology and huge medical costs. In addition, the rapidly developing economy and rising health care costs are projected to drive the Chinese and Indian markets during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cardiovascular Needles Market Share Analysis
The cardiovascular needles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cardiovascular needles market.
Some of the major players operating in the cardiovascular needles market are:
- BD (US)
- B. Braun Melsungen AG (Germany)
- CP Medical, Inc. (U.S.)
- Ethicon Inc. (US)
- KLS Martin Group (US)
- Sklar Surgical Instruments (US)
- Rumex International Corporation Ltd. (UK)
- Scanlan International Inc. (US)
- Teleflex Incorporated (US)
- Medline Industries, Inc. (US)
- Surgins surgical Ltd. (UK)
- Surtex Instruments Ltd. (UK)
- Symmetry Surgical Inc. (US)
- Delacroix-Chevalier (France)
- Wexler Surgical (US)
- Quality Needles Pvt. Ltd. (India)
- FSSB surgical needles GmbH (Germany)
- Aurolab(India)
- Meril Life Sciences Pvt. Ltd.(India)
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