The global cardiovascular needle market is segmented by product into round bodied needles, cutting needles; by usage into single use needles, multiple use needles; by end-user into hospitals, clinics, ambulatory surgical centers and by regions. Cardiovascular Needle Market is anticipated to mask a significant CAGR during the forecast period i.e. 2018-2027.
As a part of various heart and vascular mediation to close a surgical wound, cardiovascular needles are used. Various surgeries such as cardiovascular surgeries, open heart surgery, cardiac valve procedures, heart transplant, coronary artery bypass graft surgery, and many more surgeries need cardiovascular needles. Rising number of patients suffering from cardiovascular disease, obesity, diabetes and increasing aging population is driving the cardiovascular needles market.
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Due to swelling aging population and added life expectancy, North America will continue to dominate the cardiovascular needle market over the forecast period i.e. 2018-2027. The market volume of global cardiovascular needle market is expected to boost with new technology of laser drilled cardiovascular needles. The Asia Pacific is the fastest growing cardiovascular needle market owing to the elevated existence of patients with cardiovascular diseases. Furthermore, the government outlook of this region to better the quality of needles is additionally expected to increase the demand for cardiovascular needle market in this region.
Increasing Incidence of Cardiovascular Disorders
Increasing incidence of cardiovascular disorders and escalating geriatric demographics are the key propellants for global cardiovascular needle market growth. Besides this, increasing co-morbidities, change in lifestyle, excessive use of tobacco, diabetes and incidence of obesity are some other factors predicted to stimulate the global cardiovascular needle market growth.
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Advancing Technology in Medical Devices
Advancing technology in the medical devices is adding fuel to the growth of the market for instance; new technology of laser drilled cardiovascular needle is expected to boost the market volume of global cardiovascular needle market across the globe.
However, increasing use of surgical staples in place of needles and suture can behave as restraining factor affecting the demand for cardiovascular needles.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global Cardiovascular Needle market which includes company profiling of Becton, Dickinson, and Company, B. Braun Melsungen AG, Sheffield Ltd., CP Medical, Inc., Ethicon Inc., Medline Industries, Inc., FSSB surgical needles GmbH, Rumex International Corporation Ltd., Scanlan International Inc., Teleflex Incorporated. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cardiovascular needle market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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