Cardiac Surgery Instruments Market Set to Record Exponential Growth by 2022

Posted by Aman Jaiswar on August 13th, 2019

The rising prevalence of cardiac disorders all over the world has boosted the Cardiac Surgery Instruments Market in present day. Cardiac surgery instruments market is also drawing benefits from cross-channel demand in order to improve medical care and services. These services are inclusive of patient safety, along with proper care both before and after the surgery, nursing of wounds and others, thus, empowering a steady and smooth growth of the sector. Government is also supporting growth of the medical device market and healthcare sector completely. This is also among one of the factors to boost the growth of the cardiac surgery instruments market in the long run.

Changing lifestyle of people and their eating habits have led to the emergence of a lot of medical conditions. The most common of them being obesity and cardiac problems. The increasing popularity of cardiac disorders like coronary artery diseases, cardiomyopathies, cardiac arrest, and others especially in the developing economies like China, Japan, and India have led to the growth of the cardiac surgery instruments market. Heart problems also results in death at times, because of which it is necessary to treat them with surgery as soon as possible. This awareness has also boosted the market for cardiac surgery instruments in the past few years because of the fear of death. Thus, the future market is expected to generate more revenue because of the surging awareness about the harmful and fatal results of cardiac problems and the importance of surgery in order to look for a cure.

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The global cardiac surgery instruments market is presumed to grow at a strong CAGR of 6.3% by the end of 2022. The forecast period is set from 2017 to 2022 and the segment market share is envisaged to accelerate to 30.3% in 2022 from 29.6% in 2017.

The global cardiac surgery instruments market is segmented on the basis of product, and end user. As per the segmentation by end user, the market is categorized into Hospitals, cardiology clinics, and ASCs.

As per segmentation by product, the market is classified into clamp, scissors, needle holders, grasping forceps, and vascular forceps. Among these, the segment with vascular forceps is expected to dominate the market because of its various uses in cardiac procedures. It is also among the most important instruments in any surgery and thus, vascular forceps are likely to continue dominating the market segmentation in the future as well.