(Health-NewsWire.Net, May 03, 2018 ) The Global Cardiac Surgery Devices Market was worth USD 1.88 billion in 2017 and estimated to be growing at a CAGR of 3.15%, to reach USD 2.2 billion by 2022. Cardiovascular surgery can be defined as the process which is performed to resolve the defects of heart tissue like replacing the diseased heart valves if they are blocked, replacement of heart tissues in case of damage and for grafting.
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Among the many types of heart surgery include open heart surgery, modern beating heart surgery, heart transplant, coronary artery bypass surgery and minimally invasive surgeries. In an open heart surgery, the heart of a patient is cut open and a surgery is performed on its internal structures. In a modern heart beating surgery, the heart continues to beat but it is stabilised to provide for a still working area. Heart transplant involves inserting a heart of one person into another person. Coronary artery bypass surgery involves creating an alternative path in order to deliver blood to heart and body.
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The driving factors of global Cardiac Surgery Devices market are growth in prevalence and incidence of heart related diseases. Also, the growth in healthcare insurance and healthcare expenditure are expected to propel the market growth during the forecast period. However, the market is constrained due to factors such as and lack of awareness among the population and shortage of experienced healthcare professionals.
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The global Cardiac Surgery Devices market is segmented based on product type into Cardiopulmonary Bypass Equipment, Beating Heart Surgery Systems, Perfusion Disposables and Cardiac Ablation Devices. By application, the market is categorised into Cardiac Arrhythmia, Coronary Heart Disease, Congenital Heart Defects, Congestive Heart Failure and other applications. By age group, the market is divided into New-born (0-30 days), Infant (31 days-1 year), Children (1-18 years) and Adult (18+ years). In the total market, perfusion disposables has the largest market share and is also expected to have the highest growth rate.
The Global Cardiac Surgery Devices market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Cardiac Surgery Devices in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to huge patient base and rising disposable incomes.
Some of the major players in the market are Trinity Biotech, Abiomed, Inc., Cardinal Health, C. R. Bard, Inc., MedWaves Incorporated, CyberHeart Incorporated and Transmedics, Inc. among others.
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