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Cardiovascular Needle Market By Product (Round bodied needles, Cutting needles); By Usage (Single use needles, Multiple use needles); By End-User Industries (Hospitals, Clinics, Ambulatory surgical centers) - Global Demand Analysis & Opportunity Outlook 2027

Published On : 06:08 AM, 4th September, 2018 REP-ID-661 Category: Healthcare

Global Cardiovascular Needle Market Overview

As a part of various heart and vascular mediations 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.

According to survey conducted by Johnson and Johnson Pvt. Ltd. in 2014, about 2.5 Million cardiovascular surgeries take place in U.S. every year, 16% of these procedures are CABG (Coronary Artery Bypass Graft) and 5% include cardiac valve repair surgeries. According to the World Health Organization (WHO), in 2015, around 17.7 million people died from cardiovascular diseases, which represent 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 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 occurrence of chronic diseases is mainly propelling the global cardiovascular needles market.

Market Size & Forecast

Cardiovascular Needle Market is anticipated to record a significant CAGR over the forecast period i.e. 2018-2027. Many multi-national companies are concentrating towards new product advances in cardiovascular needle market. Moreover, factors such as unhealthy diet, low physical activities in the present generation is anticipated to increase incidences of cardiovascular disorders which in turn will propel the cardiovascular needles market across the globe.The global market for cardiovascular needles is anticipated to sprout owing to replacement with surgical needles use of traditional procedures. The single use or disposable needles segment market share is predicted to increase owing to rising number of outpatient procedures and increasing awareness of infectious diseases. Hospital segment is estimated to grasp a larger share due to escalating number of recurrent cardiovascular interventions.

Cardiovascular Needle Market

 

On the basis of regional platform, global cardiovascular needle market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.Due to swelling geriatric 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 region 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.

Market Segmentation

Our-in depth analysis of the global Cardiovascular Needle Market includes the following segments:

By Product

  • Round bodied needles
    • Taper point needles
    • Blunt point needles
  • Cutting needles
    • Conventional cutting needles
    • Reverse cutting needles

By Usage

  • Single use needles
  • Multiple use needles

By End-User Industries

  • Hospitals
  • Clinics
  • Ambulatory surgical centers

By Region

Global Cardiovascular Needle Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Cardiovascular Needle Market Size

Growth Drivers & Challenges

Increasing incidence of cardiovascular disorders and escalating geriatric demographics are the key propellants for global cardiovascular needle market growth. Besides this, increasing co-morbidities, changing lifestyle, excessive use of tobacco, diabetes and incidence of obesity are some other factors predicted to stimulate the global cardiovascular needle market growth. Moreover, 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. Furthermore, increasing government support in the developing countries is further propelling the cardiovascular needles market.However, increasing use of surgical staples in place of needles and suture can behave as restraining factor affecting the demand for cardiovascular needles.

Key Players

  • Becton, Dickinson, and Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • 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

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Cardiovascular Needle Market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Usage Market Size & Y-O-Y Growth Analysis
  • By End-User Industries Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

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