Cardiovascular Surgery Devices and Equipment Global Market Report 2020-30: COVID-19 Impact and Recovery

Cardiovascular Surgery Devices and Equipment Global Market Report 2020-30: COVID-19 Impact and Recovery provides strategists, marketers and senior management with the critical information they need to assess the global cardiovascular surgery devices and equipment market as it emerges from the COVID-19 shut down.

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Description:

Where is the largest and fastest growing market for the cardiovascular surgery devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? the Cardiovascular Surgery Devices and Equipment Market Global Report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The Market Characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
Market segmentations break down market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:
1) by Product Type: Beating heart surgery systems; Cardiopulmonary Bypass Equipment; Cardiac Ablation Devices; Perfusion Disposables
2) by End User: Home and Ambulatory care; Hospitals; Diagnostic laboratories; Research laboratories
3) by Application: Congenital Heart Defects; Cardiac Arrhythmia; Coronary Heart Disease; Congestive Heart Failure; Other Applications

Companies Mentioned: Abbott Laboratories; Boston Scientific Corporation; Cook Medical; C.R.Bard; Abiomed

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

1. Executive Summary2. Cardiovascular Surgery Devices and Equipment Market Characteristics

3. Cardiovascular Surgery Devices and Equipment Market Size And Growth

3.1. Global Cardiovascular Surgery Devices and Equipment Historic Market, 2015-2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Cardiovascular Surgery Devices and Equipment Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market

4. Cardiovascular Surgery Devices and Equipment Market Segmentation

4.1. Global Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Beating heart surgery systems
Cardiopulmonary Bypass Equipment
Cardiac Ablation Devices
Perfusion Disposables

4.2. Global Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Home and Ambulatory care

Hospitals

Diagnostic laboratories
Research laboratories

4.3. Global Cardiovascular Surgery Devices and Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Congenital Heart Defects
Cardiac Arrhythmia
Coronary Heart Disease
Congestive Heart Failure
Other Applications

5. Cardiovascular Surgery Devices and Equipment Market Regional And Country Analysis

5.1. Global Cardiovascular Surgery Devices and Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Cardiovascular Surgery Devices and Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Cardiovascular Surgery Devices and Equipment Market

6.1. Asia-Pacific Cardiovascular Surgery Devices and Equipment Market Overview
6.2. Asia-Pacific Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Cardiovascular Surgery Devices and Equipment Market

7.1. China Cardiovascular Surgery Devices and Equipment Market Overview
7.2. China Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion
7.3. China Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. India Cardiovascular Surgery Devices and Equipment Market

8.1. India Cardiovascular Surgery Devices and Equipment Market Overview
8.2. India Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
8.3. India Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Cardiovascular Surgery Devices and Equipment Market

9.1. Japan Cardiovascular Surgery Devices and Equipment Market Overview
9.2. Japan Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
9.3. Japan Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Cardiovascular Surgery Devices and Equipment Market

10.1. Australia Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10.2. Australia Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Indonesia Cardiovascular Surgery Devices and Equipment Market

11.1. Indonesia Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
11.2. Indonesia Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Cardiovascular Surgery Devices and Equipment Market

12.1. South Korea Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
12.2. South Korea Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13. Western Europe Cardiovascular Surgery Devices and Equipment Market

13.1. Western Europe Cardiovascular Surgery Devices and Equipment Market Overview
13.2. Western Europe Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
13.3. Western Europe Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14. UK Cardiovascular Surgery Devices and Equipment Market

14.1. UK Cardiovascular Surgery Devices and Equipment Market Overview
14.2. UK Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
14.3. UK Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15. Germany Cardiovascular Surgery Devices and Equipment Market

15.1. Germany Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
15.2. Germany Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16. France Cardiovascular Surgery Devices and Equipment Market

16.4. France Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
16.5. France Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17. Eastern Europe Cardiovascular Surgery Devices and Equipment Market

17.1. Eastern Europe Cardiovascular Surgery Devices and Equipment Market Overview
17.2. Eastern Europe Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
17.3. Eastern Europe Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18. Russia Cardiovascular Surgery Devices and Equipment Market

18.1. Russia Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
18.2. Russia Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19. North America Cardiovascular Surgery Devices and Equipment Market

19.1. North America Cardiovascular Surgery Devices and Equipment Market Overview
19.2. North America Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
19.3. North America Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20. USA Cardiovascular Surgery Devices and Equipment Market

20.1. USA Cardiovascular Surgery Devices and Equipment Market Overview
20.2. USA Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
20.3. USA Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21. South America Cardiovascular Surgery Devices and Equipment Market

21.1. South America Cardiovascular Surgery Devices and Equipment Market Overview
21.2. South America Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
21.3. South America Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22. Brazil Cardiovascular Surgery Devices and Equipment Market

22.1. Brazil Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
22.2. Brazil Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23. Middle East Cardiovascular Surgery Devices and Equipment Market

23.1. Middle East Cardiovascular Surgery Devices and Equipment Market Overview
23.2. Middle East Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
23.3. Middle East Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24. Africa Cardiovascular Surgery Devices and Equipment Market

24.1. Africa Cardiovascular Surgery Devices and Equipment Market Overview
24.2. Africa Cardiovascular Surgery Devices and Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
24.3. Africa Cardiovascular Surgery Devices and Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

25. Cardiovascular Surgery Devices and Equipment Market Competitive Landscape And Company Profiles

25.1. Cardiovascular Surgery Devices and Equipment Market Competitive Landscape
25.2. Cardiovascular Surgery Devices and Equipment Market Company Profiles
25.2.1. Abbott Laboratories
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Boston Scientific Corporation
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Cook Medical
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. C.R.Bard
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Abiomed
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Cardiovascular Surgery Devices and Equipment Market27. Cardiovascular Surgery Devices and Equipment Market Trends And Strategies28. Cardiovascular Surgery Devices and Equipment Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. About the Publisher
29.5. Copyright and Disclaimer

Executive Summary

Major players in the cardiovascular surgery devices and equipment market are Abbott Laboratories, Boston Scientific Corporation, Cook Medical, C.R.Bard and Abiomed.

The global cardiovascular surgery devices and equipment market is expected to decline from $19.1 billion in 2019 to $15.6 billion in 2020 at a compound annual growth rate (CAGR) of -18.5%. The decline is mainly because of the lockdown measures due to the COVID-19 outbreak. The decrease in the demand for cardiovascular devices due to decreased number of cardiac surgeries for reasons such as re-scheduling of surgeries, cancellations and no-show by patients, coupled with the restrictions by government and health authorities to shutdown factories manufacturing these devices to contain the spread of virus and keep the staff safe, contribute to this decline. The market is then expected to recover and grow at a CAGR of 5.9% from 2021 and reach $24.3 billion in 2023.

The cardiovascular surgery devices and equipment market consists of sales of cardiovascular surgery devices and related services. Cardiovascular surgery devices and equipment are used in cardiac surgery and other cardiovascular procedures performed to repair structural defects of the cardiovascular system of the heart and its damaged or blocked valves and vessels. Cardiovascular surgery devices are divided into perfusion disposables, beating heart surgery systems, cardiopulmonary bypass equipment and cardiac ablation devices.

North America was the largest region in the cardiovascular surgery devices and equipment market in 2018. This region is expected to remain the largest during the next five years. The cardiovascular surgery devices and equipment market in Asia Pacific is forecasted to register the highest CAGR during 2018-2023.

The U.S. Food and Drug Administration’s (FDA) Center for Devices and Radiological Health (CDRH) made public, its priority list for medical device guidance documents for the fiscal year 2017. This would allow the companies in promoting innovation and as well save them from the stringent consequences of non-approval of any product. Thus, a clearer and transparent approval method would drive the cardiovascular surgical devices market in the future.

The cardiovascular surgical devices market may be restrained due to stringent and longer approval process by the regulatory authorities. According to a researcher from Harvard Business School, innovative first-mover products such as implantable defibrillators or trans-catheter heart valves are delayed for approvals by FDA, thereby adding to the development cost to the manufacturer. For new cardiovascular devices (first-entrants), the innovator spends 7.2 months longer than the first follow-on innovator. For example, Edwards Lifesciences trans-catheter heart valve, was approved in Europe 4 years before it was approved in the USA. The study also estimated the financial loss associated with the delay in getting the approval. The delay may cost firms an average of $6.7 million to the already existing $94 million average price to introduce a new medical device to market, thereby hampering companies’ pursuit on new innovations.

Companies in the cardiovascular surgery devices and equipment market are investing in second generation bioresorbable stents and as well rectifying the glitches which occurred in the earlier version of bioresorbable stents. This advancing segment is poised to garner $247 million by 2025. Due to the all-new device features such as thinner strut thicknesses, faster resorption times, and better radial force, these are expected to grow at a higher growth rate. A higher elective procedure volume due to the less-invasive nature of PCIs when compared to coronary artery bypass grafting is expected to drive bioresorbable stents adoption. For instance, Amaranth Medical has developed three medical devices with thinner strut thickness, latest bearing a magnitude of 100 microns.

Rising geriatric population along with the rising deaths related to cardiovascular disorders is driving the cardiovascular surgical devices market. According to American Heart Association (AHA), in the US, approximately 43.7 million aged above 60 suffered from cardiovascular disorders. It is also reported by AHA that death related to cardiac diseases amount to 17.3 million per year and is expected to rise to more than 23.6 million by 2030, world-wide. Due to these factors, higher number of surgeries are being performed, thereby driving the market.