Cardiac surgery has seen substantial advancements and growth, with the global market for cardiac surgery devices reaching a value of $17.1 billion in 2023. This market is projected to grow at a rate of 5.5%, reaching $24.9 billion by 2030. The “Global Cardiac Surgery Market Size, Share & Trends Analysis 2024-2030 MedSuite: Tissue Heart Valve Market, TAVI/TAVR Market, and More” report, now available on ResearchAndMarkets.com, provides a comprehensive analysis of this growth.
The cardiac surgery market is dominated by key players such as Edwards Lifesciences, Abbott, and Medtronic, who hold a significant share of the global market. The report covers various data types, including unit sales, average selling prices, market value, growth trends, forecasts until 2030, and historical data from 2020. It also includes insights into market drivers and limiters, competitive analysis, recent mergers and acquisitions, the impact of COVID-19, disease overviews, and demographic information.
Cardiac Surgery Device Market: Inflation Pressures and Rise of Minimally Invasive Procedures Drive Trends
The market faces persistent inflationary pressures, leading to continuous price increases within the global cardiac surgery device market. Although the inflation rate is predicted to decrease during the forecast period, device prices are expected to continue rising. Concurrently, there is a notable trend towards minimally invasive procedures, which improve patient outcomes and streamline surgical complexities. Key procedures in this shift include transcatheter aortic valve implantation (TAVI) and transcatheter mitral valve repair (TMVr).
In 2023, Edwards Lifesciences led the market, dominating four specific segments despite not topping the TMVr devices segment. Abbott secured the second position, renowned for its extensive product lineup and expanding presence within the cardiac surgery sector. Medtronic held the third position, with a significant presence in various segments, including tissue and mechanical heart valves, annuloplasty repairs, and transcatheter heart valves.
The cardiac surgery market is segmented into various categories, including:
- Tissue Heart Valve Market: Stented tissue heart valves, stentless heart valves, and sutureless heart valves.
- Mechanical Heart Valve Market
- Annuloplasty Repair Device Market
- Transcatheter Mitral Valve Repair (TMVr) Market
- Transcatheter Heart Valve Replacement Market: Transcatheter aortic valve replacement devices, transcatheter pulmonary valve replacement devices.
- Cerebral Embolic Protection Device Market
- Balloon Valvuloplasty Device Market: Aortic, Mitral, Pulmonary.
- On-Pump Coronary Artery Bypass Device Market: ONCAB disposables, perfusion systems.
- Off-Pump Coronary Artery Bypass Device Market: Stabilizer devices, positioners.
- Autotransfusion Device Market: Autotransfusion machines, autotransfusion disposables.
- Endoscopic Vessel Harvesting Device Market
- Anastomosis Assist Device Market
- Ventricular Assist Device Market: Implantable VAD, percutaneous VAD.
- Intra-Aortic Balloon Device Market: IAB catheters, IABP consoles.
- Artificial Heart Replacement Device Market
- Patent Foramen Ovale Closure Device Market
- Patent Ductus Arteriosus Closure Device Market
- Atrial & Ventricular Septal Defect Closure Device Market: Atrial septal defect closure devices, ventricular septal defect closure devices.
- Left Atrial Appendage Closure Device Market: Endocardial LAA devices, epicardial clip LAA devices, epicardial suture LAA devices.
- Preshaped Guidewire Market
- Transmyocardial Revascularization Device Market: Single-use fiber-optic handpieces, laser consoles, laser console service.
- Extracorporeal Membrane Oxygenation Market: ECMO disposables, ECMO machines.
Cardiac Surgery Market Report: Comprehensive Research Scope and Global Coverage
The report’s research scope includes regions such as North America, Latin America, Western Europe, Central & Eastern Europe, the Middle East, Asia Pacific, and Africa. It covers base year data from 2023, forecasts from 2024 to 2030, and historical data from 2020 to 2023. The quantitative coverage includes market size, market shares, market forecasts, market growth rates, units sold, and average selling prices. The qualitative coverage encompasses the impact of COVID-19, market growth trends, market limiters, competitive analysis and SWOT for top competitors, mergers and acquisitions, company profiles, product portfolios, FDA recalls, disruptive technologies, and disease overviews.
The report provides in-depth profiles of companies such as Abbott, Abiomed, Andocor, AndraTec, Artivion, AtriCure, B. Braun, Balance Medical, Balt Extrusion, Becton Dickinson, Beijing Jingjing Medical Equipment Ltd., Biosense Webster, Biosensors, Biostable, Boston Scientific, Braile Biomedica, Carag, Cardia, Cardiac Dimensions, Cardio Medical, CARMAT, Chase Medical, Chinabridge (Shenzhen) Medical Technology Co., Cingular Biotech, Claret Medical, Comed BV, Cook Medical, Corcym, Reliant Heart, Sahajanand Medical Technology Private Ltd, Saphena Medical, Sarstedt, Senko Medical, Simeks Medical, SMT, Edwards Lifesciences, EUROSETS, Fresenius, Genesee Biomedical, Getinge, Gore, Haemonetics, Heart Care India, Jarvik Heart, JenaValve Technologies, Labcor, Laser Engineering, LeMaitre Vascular, Lepu Medical, Lifetech Scientific, LivaNova, Med Europe, MediValve, Medtronic, Meril Life Sciences, Minntech, Nipro, NuMed, Occlutech, Opsens, Peijia Medical, Peters Surgical, Syncardia, Terumo, Tokai Medical Products Inc., Toray, Vascular Interventions, and Venus Medtech Zeon Medical Inc.
The “Global Cardiac Surgery Market Size, Share & Trends Analysis 2024-2030” report offers valuable insights and comprehensive analysis of the market, highlighting the ongoing advancements and future potential of the cardiac surgery industry.
Resource: Businesswire, May 27, 2024
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