According to Renub Research report, tittled “Cardiovascular Surgical Devices Market, Size, Global Forecast 2022-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” finds the Cardiovascular Surgical Devices Market was USD 49.77 Billion in 2021. Globally, cardiovascular diseases are common life-threatening acute diseases. The rise in chronic cardiovascular diseases like heart failure and coronary artery disease (CAD), heart attack, atrial fibrillation, the opening of narrowed arteries, and coronary heart diseases repeatedly require technologically advanced cardiovascular surgical devices. Thus, cardiovascular surgical devices are increasingly important in cardiovascular disease to reduce mortality and medical disability and have made significant contributions to patient care.
Furthermore, perfusion disposables, cardiopulmonary bypass equipment, beating heart surgery treatment, and ventricular assist type devices help treat life-threatening cardiac diseases such as heart attack, atrial fibrillation, coronary heart diseases, and the opening of narrowed arteries. These surgical devices are utilized in cardiac surgery, one of their primary applications. These products also enable heart-lung machines employed during open-heart surgeries such as heart valve replacement, coronary artery bypass grafting, and other such procedures.
Market Drivers of the Cardiovascular Surgical Devices Industry
The majority of the deaths worldwide are due to cardiac diseases; according to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of death globally, 17.9 million people died from CVDs in 2019, representing 32% of all global deaths due to stroke and heart attack. These factors majorly propel the growth of the cardiovascular surgical devices market.
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In addition, a rise in incidences of atherosclerosis, diabetes, hypertension, strokes, and other chronic disorders that occur due to change in lifestyle habits (such as unhealthy dietary habits, smoking, and lack of physical activity) also boosts the growth of the cardiac surgical devices industry.
Worldwide Cardiovascular Surgical Device Market Size was US$ 49.77 Billion in 2021
Based on end-user, the cardiovascular surgical devices market is segregated into Hospitals, Cardiac Diagnostic Centers, and Ambulatory Surgical Centers. The high footfall, well-developed infrastructure, and increased healthcare expenditure have made the hospital the most preferred end-use extension. Further, a surge in the volume of surgeries due to the expanding prevalence of heart disorders and other diseases in hospitals is to boost the segment's development. Additionally, the increased demand for cardiac surgeries is expanding the number of operating rooms, aiding the part's development, correspondingly boosting the growth of the Global Cardiovascular Surgical Devices Industry.