Cardiovascular Needle Market Research Report- Global Forecast till 2023

Cardiovascular Needle Market Information: By Type (Round-Bodied Needles, Cutting Needles), By Application (Open Heart Surgery, Cardiac Valve Procedures), By Usage (Single Use, Multiple Uses), By End User (Hospitals, Clinics) - Global Forecast till 2023 

ID: MRFR/MED/0726-HCR | February 2021 | Region: Global | 80 pages

Market Scenario


Cardiovascular needles are used as a part of various heart and vascular mediations to close the surgical wound. Various surgeries such as cardiovascular surgeries, open heart surgery, cardiac valve procedures, heart transplant, coronary artery bypass graft surgery, and many more surgeries need surgical needles. Rising number of a patient having cardiovascular disease, diabetes, obesity and increasing aging population is driving the cardiovascular needles market.

According to the World Health Organization (WHO), in 2015, around 17.7 million people died from cardiovascular diseases, which represents 31% of all global deaths. Of these deaths, around 7.4 million were due to coronary heart disease and 6.7 million were due to stroke.

According to the World Health Organization (WHO) in 2015, around 1.6 million deaths were directly caused by diabetes and in 2014, 8.5% of adults aged 18 years and older had diabetes. Thus, rising prevalence of chronic diseases is majorly driving the global cardiovascular market.

Various factors are adding fuel to the growth of the global cardiovascular needle market, such as unhealthy diet, low physical activities, etc. According to a research, smoking increases the possibility of diabetes; more than 60% of the global population smokes, this has increased the risk of diabetes and contributed to the growth of the market.

Moreover, advancing technology in the medical devices is adding fuel to the growth of the market. Furthermore, increasing government support in the developing countries drive the market growth.

However, increasing use of surgical staples instead of needles and suture can deter the demand for cardiovascular needles.


The global cardiovascular needle market is expected to grow at a CAGR of 7.2% during the forecast period 2017-2023.


 


Intended Audience



  • Cardiovascular needle manufacturers

  • Cardiovascular needle suppliers

  • Research and Development (R&D) Companies

  • Government Research Laboratories

  • Independent Research Laboratories

  • Government and Independent Regulatory Authorities

  • Market Research and Consulting Service Providers

  • Medical Research Laboratories

  • Academic Medical Institutes and Universities


Figure: Global Cardiovascular Needle Market, By Region Market Share, 2016 (%)
Global Cardiovascular Needle Market
Sources: Annual reports, Press release, White paper, Company presentation


Segmentations


The global cardiovascular needle market is segmented on the basis of types, by application, by usage, and by the end user.


On the basis of the type, it is segmented into round bodied needles and cutting needles. Furthermore, round-bodied needles segmented into taper point needles and blunt point needles. Also, cutting needles segmented into conventional cutting needles and reverse cutting needles.  


On the basis of the application, it is segmented into open heart surgery, cardiac valve procedures, coronary artery bypass graft surgery, heart transplant, and others.  


On the basis of the usage, it is segmented into single use and multiple uses.


On the basis of the end user, it is segmented into hospitals, clinics, ambulatory surgical centers, and others.


Regional Analysis


The Americas dominate the global cardiovascular needle market owing to the rising prevalence of diabetes, obesity, and cardiovascular diseases. Furthermore increasing government support for research & development have fuelled the growth of the market in this region. According to the American Heart Association, in 2017, cardiovascular disease listed as the underlying cause of death which is likely to account for nearly 801,000 deaths in the US by the end of this year. It further estimated that about 2,200 Americans die of cardiovascular disease each day.


Europe holds the second position in the global cardiovascular needle market owing to the presence of major players. Although companies within this region are also involved in export to the developing countries which leads the market of Europe.


The Asia Pacific is the fastest growing Cardiovascular Needle market owing to the high presence of a patient with cardiovascular disease. Furthermore, the government of this region is looking forward to better the quality of needles, which increases the demand for cardiovascular needle market in this region.


On the other hand, in the Middle East and Africa hold the least market due to low research and development activities and poor healthcare infrastructure.


Key Players


Some of the key the players in the market are Becton, Dickinson, and Company (US), B. Braun Melsungen AG (Germany), Sheffield Ltd. (UK), CP Medical, Inc. (the US), Ethicon Inc. (US), KLS Martin Group (US), Sklar Surgical Instruments (US), Rumex International Corporation Ltd. (US), Scanlan International Inc. (US), Teleflex Incorporated (US), Medline Industries, Inc. (US), Surgins surgical Ltd. (UK), Surtex Instruments Ltd. (UK), Cardivon Surgical Inc. (China), Symmetry Surgical Inc. (US), Delacroix-Chevalier (France), Wexler Surgical (US), Quality Needles Pvt. Ltd. (India), FSSB surgical needles GmbH (Germany)


Research Methodology
Cardiovascular Needle Market-


Sources: Annual reports, Press release, White paper, and Company presentation



Frequently Asked Questions (FAQ) :


The Cardiovascular Needle Market would get hindered by the increasing use of surgical staples.

End users are ambulatory surgical centers, clinics, hospitals, and others.

The segments are cardiac valve procedures, open-heart surgery, heart transplant, coronary artery bypass graft surgery, and others.

Table of Content

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

6. Global Cardiovascular Needle Market, by Type

6.1 Introduction

6.2 Round bodied needles

6.2.1 Market Estimates & Forecast, 2017-2023

6.3 Cutting needles

6.3.1 Market Estimates & Forecast, 2017-2023

7. Global Cardiovascular Needle Market, by Application

7.1 Introduction

7.2 Open Heart Surgery

7.2.1 Market Estimates & Forecast, 2017-2023

7.3 Cardiac Valve Procedures

7.3.1 Market Estimates & Forecast, 2017-2023

7.4 Coronary Artery Bypass Graft Surgery

7.4.1 Market Estimates & Forecast, 2017-2023

7.5 Heart Transplant

7.5.1 Market Estimates & Forecast, 2017-2023

7.6 Others

7.6.1 Market Estimates & Forecast, 2017-2023

8. Global Cardiovascular Needle Market, by Usage

8.1 Introduction

8.2 Single use

8.2.1 Market Estimates & Forecast, 2017-2023

8.3 Multiple use

8.3.1 Market Estimates & Forecast, 2017-2023

9. Global Cardiovascular Needle Market, by End User

9.1 Introduction

9.2 Hospitals

9.2.1 Market Estimates & Forecast, 2017-2023

9.3 Clinics

9.3.1 Market Estimates & Forecast, 2017-2023

9.4 Ambulatory Surgical Centers

9.4.1 Market Estimates & Forecast, 2017-2023

9.5 Others

9.5.1 Market Estimates & Forecast, 2017-2023

10. Global Cardiovascular Needle Market, by Region

10.1 Introduction

10.2 Americas

10.2.1 North America

10.2.1.1 U.S.

10.2.1.2 Canada

10.2.2 South America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 U.K

10.3.1.4 Italy

10.3.1.5 Spain

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 Republic of Korea

10.4.6 Rest of Asia Pacific

10.5 The Middle East & Africa

10.5.1 United Arab Emirates

10.5.2 Saudi Arabia

10.5.3 Oman

10.5.4 Kuwait

10.5.5 Qatar

10.5.6 Rest of the Middle East & Africa

11 Company Landscape

11.1 Introduction

11.2 Market Share Analysis

11.3 Key Development & Strategies

11.3.1 Key Developments

12 Company Profiles

12.1 Becton, Dickinson and Company

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financials

12.1.4 SWOT Analysis

12.2 B. Braun Melsungen AG

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.3 Sheffield Ltd.

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.4 CP Medical, Inc.

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Overview

12.4.4 Key Development

12.4.5 SWOT Analysis

12.5 Ethicon Inc.

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial overview

12.5.4 Key Developments

12.6 KLS Martin Group

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.7 Sklar Surgical Instruments

12.7.1 Overview

12.7.2 Product Overview

12.7.3 Financials

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.8 Rumex International Corporation Ltd.

12.8.1 Overview

12.8.2 Product Overview

12.8.3 Financials

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.9 Others

13 MRFR Conclusion

13.1 Key Findings

13.1.1 From CEO’s View Point

13.1.2 Unmet Needs of the Market

13.2 Key Companies to Watch

13.3 Prediction of Pharmaceutical Industry

14 Appendix
LIST OF TABLES

Table 1 Cardiovascular Needle Industry Synopsis, 2017-2023

Table 2 Global Cardiovascular Needle Market Estimates and Forecast, 2017-2023, (USD Million)

Table 3 Global Cardiovascular Needle Market by Region, 2017-2023, (USD Million)

Table 4 Global Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 5 Global Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 6 Global Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 7 Global Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 8 North America Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 9 North America Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 10 North America Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 11 North America Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 12 US Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 13 US Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 14 US Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 15 US Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 16 Canada Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 17 Canada Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 18 Canada Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 19 Canada Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 20 South America Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 21 South America Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 22 South America Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 23 South America Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 24 Europe Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 25 Europe Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 26 Europe Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 27 Europe Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 28 Western Europe Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 29 Western Europe Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 30 Western Europe Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 31 Western Europe Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 32 Eastern Europe Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 33 Eastern Europe Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 34 Eastern Europe Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 35 Eastern Europe Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 36 Asia Pacific Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 37 Asia Pacific Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 38 Asia Pacific Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 39 Asia Pacific Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

Table 40 Middle East & Africa Cardiovascular Needle Market by Types, 2017-2023, (USD Million)

Table 41 Middle East & Africa Cardiovascular Needle Market by Application, 2017-2023, (USD Million)

Table 42 Middle East & Africa Cardiovascular Needle Market by Usage, 2017-2023, (USD Million)

Table 43 Middle East & Africa Cardiovascular Needle Market by End Users, 2017-2023, (USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Cardiovascular Needle Market

Figure 3 Segmentation Market Dynamics for Cardiovascular Needle Market

Figure 4 Global Cardiovascular Needle Market Share, by Type 2016

Figure 5 Global Cardiovascular Needle Market Share, by Application 2016

Figure 6 Global Cardiovascular Needle Market Share, by Usage 2016

Figure 7 Global Cardiovascular Needle Market Share, by End Users, 2016

Figure 8 Global Cardiovascular Needle Market Share, by Region, 2016

Figure 9 America Cardiovascular Needle Market Share, by Country, 2016

Figure 10 Europe Cardiovascular Needle Market Share, by Country, 2016

Figure 11 Asia Pacific Cardiovascular Needle Market Share, by Country, 2016

Figure 12 Middle East & Africa Cardiovascular Needle Market Share, by Country, 2016

Figure 13 Global Cardiovascular Needle Market: Company Share Analysis, 2016 (%)

Figure 14 Becton, Dickinson and Company: Key Financials

Figure 15 Becton, Dickinson and Company: Segmental Revenue

Figure 16 Becton, Dickinson and Company: Geographical Revenue

Figure 17 B. Braun Melsungen AG: Key Financials

Figure 18 B. Braun Melsungen AG: Segmental Revenue

Figure 19 B. Braun Melsungen AG: Geographical Revenue

Figure 20 Sheffield Ltd.: Key Financials

Figure 21 Sheffield Ltd.: Segmental Revenue

Figure 22 Sheffield Ltd.: Geographical Revenue

Figure 23 CP Medical, Inc.: Key Financials

Figure 24 CP Medical, Inc.: Segmental Revenue

Figure 25 CP Medical, Inc.: Geographical Revenue

Figure 26 Ethicon Inc.: Key Financials

Figure 27 Ethicon Inc.: Segmental Revenue

Figure 28 Ethicon Inc.: Geographical Revenue

Figure 29 KLS Martin Group: Key Financials

Figure 30 KLS Martin Group: Segmental Revenue

Figure 31 KLS Martin Group: Geographical Revenue

Figure 32 Sklar Surgical Instruments: Key Financials

Figure 33 Sklar Surgical Instruments: Segmental Revenue

Figure 34 Sklar Surgical Instruments: Geographical Revenue

Figure 35 Rumex International Corporation Ltd.: Key Financials

Figure 36 Rumex International Corporation Ltd.: Segmental Revenue

Figure 37 Rumex International Corporation Ltd.: Geographical Revenue