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Cardiovascular Needle Market

Market Insights on Cardiovascular Needle covering sales outlook, demand forecast & up-to-date key trends

Cardiovascular Needle Market: Global Industry Analysis and Opportunity Assessment 2022-2032

Cardiovascular Needle Market Overview

The global cardiovascular needle market was valued at around US$ 85.2 Mn at the end of 2021. The market is projected to register a 7.5% CAGR and top a valuation of US$ 188.4 Mn by 2032.

“Rising number of patients having cardiovascular diseases and increasing obesity and diabetes rate with geriatric population are the elements expected to set the tone of Cardiovascular Needle Market.”

Cardiovascular diseases (CVDs), including conditions like cerebrovascular disease, coronary heart disease, rheumatic heart disease, and others, are abnormalities of the heart and blood arteries. A few of the main lifestyle factors that contribute to CVDs include smoking, unhealthy diet, and physical inactivity, all of which raise the risk of heart attacks and strokes. Diabetes, high cholesterol, and hypertension are additional risk factors for these illnesses.

Open heart surgery, cardiac valve procedures, heart transplant procedures, coronary artery bypass graft treatments, and other procedures all require cardiovascular needles. These needles come in different types such as single-use needles or eyeless needles and multiple-use needles or eyed needles. The new stainless steel alloys with high concentrations of nickel, Surgalloy, and Ethalloy are used to make these needles.

Attributes

Details

Cardiovascular Needle Market Value in 2021

US$ 85.2 Mn

Cardiovascular Needle Market Value in 2032

US$ 188.4 Mn

Cardiovascular Needle Market CAGR (2022-2032)

7.5%

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What are the Major Drivers Boosting the Demand for Cardiovascular Needle Market?

Cardiovascular diseases are the leading cause of death globally, according to the World Health Organization (WHO). The biggest factor contributing to morbidity and mortality worldwide is still likely to be cardiovascular diseases (CVDs). According to WHO data, it is estimated that 17.9 million people worldwide pass away from cardiovascular diseases (CVDs) each year.

The global market for the cardiovascular needle is expected to expand as a result of the rising aging of the population and high smoking rates. Similarly, to this, it is expected that the market would have plenty of potentials to expand throughout the forecast period due to quick lifestyle changes, rising comorbidity, high tobacco use, and high obesity incidence.

Which Region Shows Strong Growth Potential in the Cardiovascular Needle Market?

The cardiovascular needle market is broadly divided into seven major regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

A significant portion of the global market for cardiovascular needles is dominated by the North American region because of its developed healthcare systems and the introduction of advanced products like cardiovascular needles with laser drilling is anticipated to boost demand.

Due to the presence of major players, Europe retains the second spot in the global market. Although companies in this region also export to developing nations, which dominate the market in Europe.

East Asia is predicted to show lucrative growth owing to the high prevalence of cardiovascular diseases and affordable cardiovascular surgeries with the presence of skilled professionals.

Sabyasachi Ghosh
Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Who are the Key Players in the Cardiovascular Needle Market?

Medline Industries Inc., KLS Martin Group, Sklar Surgical Instruments, Delacroix-Chevalier, Teleflex Incorporated, Wexler Surgical, Becton, Dickinson and Company, Surgins, Surtex Instruments Ltd., STILLE, Cardivon Surgical Inc., Symmetry Surgical Inc., B. Braun Melsungen AG, Rumex International Corporation, Scanlan International.

Scope of Report

Report Attributes

Details

Growth Rate

CAGR of 7.5% 2022-2032

Base Year for Estimation

2021

Historical Data

2012-2021

Forecast Period

2022-2032

Qualitative Units

Revenue in USD Million, Volume in Units, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Segment Covered

  • Type
  • Application
  • Usage
  • End User
  • Region

Region Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

Key Players

  • Medline Industries Inc.
  • KLS Martin Group
  • Sklar Surgical Instruments
  • Delacroix-Chevalier
  • Teleflex Incorporated
  • Wexler Surgical
  • Becton
  • Dickinson and Company
  • Surgins
  • Surtex Instruments Ltd.
  • STILLE
  • Cardivon Surgical Inc.
  • Symmetry Surgical Inc.
  • B. Braun Melsungen AG
  • Rumex International Corporation
  • Scanlan International

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Key Segments Covered in the Cardiovascular Needle Market Report

By Type:

  • Round Bodied Needles
  • Cutting Needles

By Application:

  • Open-heart Surgery
  • Coronary Artery Bypass Graft Surgery
  • Cardiac Valve Procedures
  • Heart Transplant
  • Others

By Usage:

  • Single Use
  • Multiple Use

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East and Africa (MEA)

Frequently Asked Questions

The market is likely to register a CAGR of 7.3% through 2032.

The market is currently valued at US$ 89.77 Mn in 2022.

The market is likely to grow to a valuation of US$ 181.6 Mn by 2032.

North America is likely to be a leading market during the forecast period.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Cardiovascular Needle Market