Cardiac Surgical Devices Market to Reach $2.12 Billion, Globally, by 2023 at 3.2% CAGR: Allied Market Research

Rise in incidence of cardiac diseases, large pool of geriatric population and high-end technological advancements fuel the growth of the global cardiac surgical devices market

PORTLAND, Oregon, Sept. 24, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Cardiac Surgical Devices Market by Product Type (Beating Heart Surgery Systems, Cardiopulmonary Bypass Equipment, Cardiac Ablation Devices, and Perfusion Disposable), by Application (Congenital Heart Defects, Cardiac Arrhythmia, Coronary Heart Disease, Congestive Heart Failure), and by Age Group (New-born, Infant, Children, and Adults) - Global Opportunity Analysis and Industry Forecast, 2017-2023." As per the report, the global cardiac surgical devices industry was estimated at $1.70 billion in 2016 and is expected to reach $2.12 billion by 2023, growing at a CAGR of 3.2% from 2017 to 2023. The report offers an in-depth analysis of the top winning strategies, top investment pockets, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2177

Drivers, restraints, and opportunities-

Increase in prevalence of cardiac diseases, large pool of geriatric population and high-end technological advancements are the major factors that drive the growth of the global cardiac surgical devices market. On the other hand, high cost of cardiac surgery procedures restrains the growth to some extent. Nevertheless, a number of developments in emerging economies are expected to pave the way for several opportunities for the key players in the industry.

The perfusion disposable segment to maintain its leadership status till 2023-

Based on product type, the perfusion disposable segment contributed to nearly three-fourths of the global cardiac surgical devices market revenue in 2016 and is expected to dominate throughout the forecast period. This is owing to rise in number of cardiac surgeries performed due to increase in incidence of cardiovascular diseases. The same segment is also projected to showcase the fastest CAGR of 3.3% during 2017–2023.

The cardiac arrhythmia to remain lucrative during the estimated period-

Based on application, the cardiac arrhythmia segment accounted for more than two-thirds of the global cardiac surgical devices market share in 2016 and is anticipated to rule the roost by 2023. This is attributed to surge in prevalence of cardiac arrhythmia across the world. The same segment would also cite the fastest CAGR of 3.3% till 2023.

North America to maintain its dominance throughout the forecast period-

Based on geography, North America held the lion's share, garnering nearly two-fifths of the global cardiac surgical devices market. Augmentation in the frequency of cardiovascular diseases, high rate of technological advancement in cardiac surgery devices, existence of renowned healthcare infrastructure, and increased patient awareness about the treatment options available for cardiac disorders increase the application of cardiac surgical devices in the region. On the other hand, the Asia-Pacific region is expected to grow at the fastest CAGR of 4.5% throughout 2017–2023. Huge patient base and surge in the awareness related to diagnosis of cardiac disorders fuel the growth.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2177

Key market players-

• Atrion Corporation
• Angiodynamics, Inc.
• Sorin S.P.A.
• Abbott Laboratories
• Terumo Medical Corporation
• Boston Scientific Corporation
• Medtronic Inc.
• Cook Medical
• Edwards Life Science Corporation
• Getinge Group

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Cataract Surgery Devices Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

Surgical Equipment Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg