+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)


Cardiac Surgery Instruments - Global Market Trajectory & Analytics

  • ID: 4804683
  • Report
  • April 2021
  • Region: Global
  • 233 pages
  • Global Industry Analysts, Inc
Global Cardiac Surgery Instruments Market to Reach $1.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Cardiac Surgery Instruments estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. Forceps, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$726.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Needle Holders segment is readjusted to a revised 5.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $383 Million, While China is Forecast to Grow at 5.2% CAGR

The Cardiac Surgery Instruments market in the U.S. is estimated at US$383 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$334.3 Million by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Scissors Segment to Record 5.8% CAGR

In the global Scissors segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$258.9 Million in the year 2020 will reach a projected size of US$385.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$218.3 Million by the year 2027.

Select Competitors (Total 44 Featured):
  • B. Braun Melsungen AG
  • Becton, Dickinson & Company
  • Cardivon Surgical Inc.
  • Delacroix-Chevalier
  • KLS Martin Group
  • Medline Industries, Inc.
  • Rumex International Corporation
  • Scanlan International, Inc.
  • Sklar Surgical Instruments
  • Stille AB
  • Surgins
  • Surtex Instruments
  • Symmetry Surgical Inc.
  • Teleflex Inc.
  • Wexler Surgical Inc.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Cardiac Surgery Instruments Market: Prelude
  • Forceps: A Widely Used Instrument in Cardiac Surgeries
  • Coronary Artery Bypass Graft (CABG) Leads the World Market for Cardiac Surgery Instruments
  • Hospitals and Cardiac Centers Dominate the Global Cardiac Surgery Instruments Market
  • Impact of Covid-19 and a Looming Global Recession
  • Rising Prevalence of Cardiovascular Diseases and Related Mortality Rates Fuel Cardiac Surgical Volumes, Driving Demand for Cardiac Surgery Instruments
  • Exhibit 1: Leading Causes of Mortality Worldwide: Number of Deaths in Millions by Cause for 2016
  • Exhibit 2: Leading Causes of Mortality in Low Income Countries: Number of Deaths in Millions by Cause for 2016
  • Exhibit 3: Leading Causes of Mortality in High Income Countries: Number of Deaths in Millions by Cause for 2016
  • Exhibit 4: Global Cardiology and Cardiac Surgery Market: Revenues in US$ Billion for the Years 2017, 2019, 2021 and 2023
  • Exhibit 5: Global Cardiac Surgery Market: Breakdown of Revenues by Region for 2019
  • Aging Global Population at High Risk of Cardiac Illnesses Present Favorable Outlook for Cardiac Surgery Instruments Market
  • Exhibit 6: Global 60+ Population by Gender and Geographic Region for the Years 2015, 2020, 2025, 2030, 2035 and 2040
  • Exhibit 7: Top Countries with Highest Proportion of 60+ Population for the Years 1980, 2019 and 2050
  • As Cardiovascular Disease Prevalence Increases at a Strong Rate in Developing Economies, Tremendous Potential Exists for Surgery Instruments Market
  • Funding Support for Research on Cardiovascular Diseases and Cardiac Surgeries: Positive Implications for the Market
  • Challenges Confronting Cardiac Surgery Instruments Market
  • Rising Adoption of Alternative Approaches to Surgical Interventions for Cardiac Conditions
  • Shortage of Cardiac Surgeons

  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown