Cardiac Surgery Devices Market Outlook (2022 to 2032)

The global cardiac surgery devices market is expected to enjoy a valuation of US$ 1.7 Billion by the end of 2022 and further expand at a CAGR of 3.6% during the forecast period (2022 to 2032). Sales in the market are expected to reach a valuation of ~US$ 2.4 Billion by 2032 on the back of the rising prevalence of cardiovascular diseases. In terms of product type, the perfusion disposables led the market with a demand share of about 59.1%% in 2021.

Cardiac surgery devices are devices used during an open heart procedure to repair structural defects in the cardiovascular system, such as coronary artery bypass grafting, congenital heart defects, abdominal aortic aneurysm repair, ventricular remodeling, and implantation of cardiac assist devices. Devices such as heart-lung machines are used during cardiothoracic surgery and are most commonly used to perform a cardiopulmonary bypass.

Attributes Key Insights
Cardiac Surgery Devices Market Value 2021 US$ 1.6 Billion
Estimated Market Size 2022 US$ 1.7 Billion
Projected Market Value 2032 US$ 2.4 Billion
CAGR 2022 to 2032 3.6%
Market Share of Top 5 Countries 57.6%

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Sales Analysis of Cardiac Surgery Devices from 2012 to 2021 Vs Demand Outlook for 2022 to 2032

As per Future Market Insights (FMI), the demand in the global cardiac surgery devices market grew at a CAGR of 3.2% from 2012 to 2021. Sales in the market are poised to expand owing to the rising demand for coronary artery treatment and rising technological advancements in the healthcare industry.

The cardiac surgery devices market was approximately 1% of the global medical device market valued at US$ 457 Billion in 2021. Devices for cardiac surgery are being developed as per patients' needs and on the back of technological advancements in the industry. Hence, key players in the cardiac surgery devices market are launching cutting-edge technologies and designs to strengthen their position in the industry.

Furthermore, there is an increased demand for cardiac surgical equipment due to the rising incidence of cardiovascular diseases, especially among the older population. For instance, it is anticipated that by 2060, 98 million Americans aged 65 and older will be more than a fourfold increase from the current 46 million. The World Health Organization (WHO) report states that cardiovascular disease is the top cause of death worldwide. About 17.9 million deaths globally in 2019 were attributed to cardiovascular illnesses, i.e., 32% of all fatalities.

Further, demand for effective cardiac surgery devices, accessories, and surgical procedures will be fuelled as leading healthcare companies are expanding their cardiovascular devices product portfolio. These companies are also likely to form alliances and acquire companies to generate efficient product advancements that are safe and effective. On the back of these aforementioned factors, the global cardiac surgery devices market is expected to grow at a CAGR of 3.6% during the forecast period from 2022 to 2032.

What are the Key Opportunities for the Cardiac Surgery Device Manufacturers?

Favorable Government Investments and Product Launches to be the Key Strategy for Growth

Government authorities in developing countries have been promoting start-up businesses and MNCs to help the healthcare and medical device industries grow commercially. To strengthen their position, leading firms in the medical device industry are collaborating with the government. Hence, with increasing government funding and initiatives in countries such as India, China, and Japan, the cardiac surgery devices market is expected to flourish over the upcoming decade.

Furthermore, the increasing prevalence of chronic diseases and rising traumatic injuries in developing economies is expected to propel growth over the forecast period. Moreover, manufacturers are consistently improving their product portfolio by developing novel and efficient products. Hence, the advent of technologically advanced devices and increased product launches will drive the cardiac surgery devices market.

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Which are the Factors Restraining Demand for Cardiac Surgery Devices?

Stringent Regulations and High Cost of Cardiac Surgery Devices to Impede the Growth

The demand for cardiac surgery devices is likely to be restrained due to high pricing and cost-cutting for cardiac surgery device manufacturers. The pricing pressure due to government regulations and competitive pricing on healthcare device manufacturers might create challenges for incumbents and start-ups in developing economies.

Moreover, the cardiac surgery devices market can be negatively affected due to strict and extended approval processes by regulatory authorities such as the FDA and others. Cardiac surgery instruments such as heart-lung machines and heat exchangers are known as class II medical equipment in the USA. FDA.

Therefore, these instruments undergo a special test for their compatibility, performance, sterility, and shelf life. Thus, these devices need to obtain regulatory approval, which is an expensive and lengthy process. This is expected to impede the overall growth in the cardiac surgery devices market.

Country-wise Insights

How will Demand in the USA Cardiac Surgery Devices Market Surge?

Rising Cases of Obesity and Cardiovascular Diseases to Boost the Sales

The USA dominated the North American cardiac surgery devices market with a total share of about 86.2% in 2021. Demand in the market is predicted to rise on the back of rising cardiovascular diseases in the country. With the growing prevalence of obesity in the USA a significant share of the population suffers from cardiovascular diseases.

Among these, a considerable percentage of the population undergoes cardiac surgery, as per the study. Backed by this, the demand for advanced cardiac surgery devices is expected to increase over the forecast period.

Additionally, another key factor such as rising healthcare costs is contributing to the USA. cardiac surgery devices market. For instance, in the USA heart disease is the leading cause of death for both genders and for individuals of the majority of racial and ethnic groups. The deaths caused by heart disorders were almost 697,000 people in 2020, according to the report by the Centers for Disease Control and Prevention.

What is the Outlook for India in the Cardiac Surgery Devices Market?

Cost-Effective Treatment Rates in India to Propel Cardiac Surgery Devices Sales

India is set to exhibit growth at a CAGR of nearly 2.7% in the South Asia cardiac surgery devices market during the forecast period. An increasing number of patients undergoing cardiac surgeries is expected to positively affect sales in India. Due to the rising incidence of cardiac conditions, treatment rates are also surging. This is expected to improve the growth in the cardiac surgery devices market.

As per the study in BMJ Journals, approximately 60,000 open heart surgeries are performed annually in India. Therefore, the increasing number of heart bypass surgeries, heart valve surgeries, and heart transplant surgeries are propelling the market for cardiac surgery devices in India.

In India, the cost of surgeries and treatments is comparatively less than in other countries like USA and Europe. Thus, the increasing popularity of medical tourism in India is propelling growth in the market.

Will Germany Emerge as a Lucrative Cardiac Surgery Devices Market?

Growing Medical Tourism in Germany to Aid the Growth in Cardiac Surgery Devices Market

Germany held approximately a 4.1% share in the global cardiac surgery devices market in 2021 and is projected to display a growth rate of 4.9 % during the forecast period.

The developing healthcare infrastructure and increasing medical tourism in Germany are the key factors propelling the demand for cardiac surgery devices. Germany is one of the countries leading the medical tourism field due to the high international standards and technological advancements such as robotic surgery.

Further, hospitals in Germany are adopting high-quality medical equipment to treat different heart surgeries. Therefore, the technological advancements in cardiac surgery devices are driving growth in Germany.

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Category-wise Insights

Which Type of Product is Gaining Traction in Cardiac Surgery Devices Market?

Over 3/5th of Cardiac Surgery Devices, Sales are to be Contributed by Perfusion Disposables

In terms of product type, perfusion disposables held a share of approximately 59.1% in 2021. Growth in the segment is expected to surge as cases of valvular degeneration in the geriatric population rise. Additionally, the extensively developed healthcare industry and advancements in cardiac surgery devices are also accelerating the growth in the segment.

Which Type of Procedure will Generate the Maximum Profit in Cardiac Surgery Devices Market?

Rising Incidence of Coronary Heart Diseases to Propel the Adoption in the Market

Based on the procedure, the coronary artery bypass grafting segment accounted for 61.6% of the sales in the global cardiac surgery devices market. The frequency of cardiovascular conditions like coronary heart disease (CHD), peripheral vascular disease, etc. is increasing globally. Hence, the use of coronary artery bypass grafting surgical procedures is expected to surge to treat cardiovascular disorders.

Which is the Leading End User in the Cardiac Surgery Devices Market?

In terms of end users, the hospital's segment held the highest market share of around 60.1% in 2021. In hospitals, the adoption of cardiac treatment and surgeries is benefiting the market growth. The hospitals are improving the quality of treatment and customer service with cost reduction. The hospitals are ahead of the curve in identifying favorable avenues to improve healthcare delivery.

Competitive Landscape

In the cardiac surgery devices market, manufacturers are adopting different strategies to raise their sales and gain revenue. Leading firms are implementing activities like advanced product launches and acquisitions to expand their product portfolio. A few of these strategies undertaken by cardiac surgery devices manufacturers are:

  • On August 2022, the acquisition of Affera, Inc. has been completed, according to the announcement from Medtronic plc, a pioneer in healthcare technology worldwide. With this acquisition, the company's offering for cardiac ablation is expanded to include its first-ever cardiac mapping and navigation platform, which combines a radiofrequency ablation solution with a targeted pulsed field and distinct diagnostic technology.
  • On June 2020, the launch of DIRECTSENSE technology was declared by Boston Scientific in the USA It is a tool that is used for monitoring the effect of radiofrequency energy during the process of cardiac ablation.

Report Scope as per Cardiac Surgery Devices Market Analysis

Attribute Details
Estimated Market Size 2022 US$ 1.7 Billion
Projected Market Value 2032 US$ 2.4 Billion
CAGR 2022 to 2032 3.6%
Forecast Period 2022 to 2032
Historical Data Available for 2012 to 2021
Market Analysis US$ Million for Value
Key Regions Covered North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa
Key Countries Covered USA, Canada, Brazil, Mexico, Argentina, United Kingdom, Germany, Italy, Russia, Spain, France, BENELUX, Nordic Countries, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Turkey, GCC Countries, and South Africa
Key Market Segments Covered Product, Procedure, End User, and Region
Key Companies Profiled
  • Abbott Laboratories
  • Medtronic Plc.
  • Boston Scientific Corporation
  • Lepu Medical Technology Co ltd
  • LivaNova PLC
  • Terumo Corporation
  • Getinge-Maquet Germany Holding GmbH
  • B. Braun Melsungen AG
  • C. R. Bard, Inc
  • Teleflex Incorporated
  • Angiodynamics
  • Edwards Lifesciences Corporation
  • MicroPort Scientific Corporation,
  • Smith Medical
  • Abiomed, Inc
  • Estech
  • Cook Medical Inc
  • Braile Biomedica
  • Biotronik Inc.

Key Market Segments Covered in Cardiac Surgery Devices Market Research

By Product:

  • Heart Lung Machine
  • Breathing Heart Surgery Systems
    • Stabilizers
    • Positioners
  • Catheters
    • Ablation Catheter
    • Drainage Catheter
  • Perfusion Disposables
    • Oxygenators
    • Centrifugal Pumps
    • Cardioplegia Delivery System

By Procedure:

  • Coronary Artery Bypass Grafting
    • On Pump CABG
    • Off-Pump CABG
  • Minimally Invasive Surgery

By End User:

  • Hospitals
  • Ambulatory Surgical Centres

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

Frequently Asked Questions

How much is the cardiac surgery devices market worth in 2021?

The global cardiac surgery devices market is worth US$ 1.6 Billion in 2021.

What is the sales forecast for the cardiac surgery devices market through 2032?

The cardiac surgery devices market is expected to reach US$ 2.Billion Bn by the end of 2032, with sales expected to register a 3.6% CAGR over the forecast period (2022 to 2032).

What are the key trends shaping the cardiac surgery devices industry?

Rising cases of heart diseases, increasing demand for large coronary artery treatment, and strategic collaborations among key players are the key trends shaping the cardiac surgery devices industry.

Which are the top five countries driving demand in cardiac surgery devices market?

The USA., Japan, Canada, China, and Germany are the top five countries driving the demand for cardiac surgery devices.

What is the demand outlook in North America cardiac surgery devices market?

The North American cardiac surgery devices market registered a market share of around 40.2 % in the year 2021.

How will demand in Japan cardiac surgery devices market unfold?

The Japan cardiac surgery devices market is expected to register a growth rate of 2.7% CAGR in the forecast period.

Which countries are the key producers of cardiac surgery devices?

The USA, Japan, and China are the key producers in the cardiac surgery devices market.

How much is the India cardiac surgery devices market worth in 2021?

The India cardiac surgery devices market is worth US$ 56.4 Million in 2021.

What is the outlook of the United Kingdom cardiac surgery devices market?

The United Kingdom cardiac surgery devices market is to grow with a growth rate of 55 over the forecast period.

Table of Content

1. Executive Summary | Cardiac Surgery Devices Market

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply-Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

    2.3. Inclusions and Exclusions

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Development/Innovation Trends

4. Key Success Factors

    4.1. Product Features/ USPs Analysis

    4.2. Product Adoption / Usage Analysis

    4.3. Key Promotional Strategies, By Key Manufacturers

    4.4. Disease Epidemiology

    4.5. Regulatory Landscape

    4.6. PESTLE Analysis

    4.7. Porter’s Analysis

5. Market Background

    5.1. Macro-Economic Factors

        5.1.1. Global GDP Growth Outlook

        5.1.2. Global Healthcare Expenditure

        5.1.3. Global Medical Device Market Outlook

    5.2. Forecast Factors - Relevance & Impact

        5.2.1. Key Player’s Historic Growth

        5.2.2. Market Consolidation Activities

        5.2.3. New Product Launches / Approvals

        5.2.4. Increasing Rate of Cardiac Surgery

        5.2.5. Availability of Products

        5.2.6. Cost of Products

    5.3. Market Dynamics

        5.3.1. Drivers

        5.3.2. Restraints

        5.3.3. Opportunity Analysis

6. COVID-19 Crisis - Impact Assessment

    6.1. COVID-19 and Impact Analysis

        6.1.1. By Product

        6.1.2. By Procedure

        6.1.3. By End User

        6.1.4. By Region

    6.2. 2021 Market Scenario

7. Global Market Demand (in Value or Size in US$ Million) Analysis 2012 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2012 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2012 to 2021 and Forecast 2022 to 2032, By Product

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Million) Analysis By Product, 2012 to 2021

    8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Product, 2022 to 2032

        8.3.1. Heart Lung Machine

        8.3.2. Breathing Heart Surgery Systems

            8.3.2.1. Stabilizers

            8.3.2.2. Positioners

        8.3.3. Catheters

            8.3.3.1. Ablation Catheter

            8.3.3.2. Drainage Catheter

        8.3.4. Perfusion Disposables

            8.3.4.1. Oxygenators

            8.3.4.2. Centrifugal Pumps

            8.3.4.3. Cardioplegia Delivery System

    8.4. Market Attractiveness Analysis By Product

9. Global Market Analysis 2012 to 2021 and Forecast 2022 to 2032, By Procedure

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) By Procedure, 2012 to 2021

    9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Procedure, 2022 to 2032

        9.3.1. Coronary Artery Bypass Grafting

            9.3.1.1. On Pump CABG

            9.3.1.2. Off Pump CABG

        9.3.2. Minimally Invasive Surgery

    9.4. Market Attractiveness Analysis By Procedure

10. Global Market Analysis 2012 to 2021 and Forecast 2022 to 2032, By End User

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) By End User, 2012 to 2021

    10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End User, 2022 to 2032

        10.3.1. Hospitals

        10.3.2. Ambulatory Surgical Centers

    10.4. Market Attractiveness Analysis By End User

11. Global Market Analysis 2012 to 2021 and Forecast 2022 to 2032, By Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Million) Analysis By Region, 2012 to 2021

    11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Region, 2022 to 2032

                11.3.1. North America

                11.3.2. Latin America

                11.3.3. Europe

                11.3.4. East Asia

                11.3.5. South Asia

                11.3.6. Oceania

                11.3.7. Middle East and Africa (MEA)

    11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2012 to 2021 and Forecast 2022 to 2032

    12.1. Introduction

    12.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2012 to 2021

    12.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2022 to 2032

        12.3.1. By Country

            12.3.1.1. USA

            12.3.1.2. Canada

        12.3.2. By Product

        12.3.3. By Procedure

        12.3.4. By End User

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Product

        12.4.3. By Procedure

        12.4.4. By End User

    12.5. Market Trends

    12.6. Key Market Participants - Intensity Mapping

    12.7. Drivers and Restraints - Impact Analysis

    12.8. Country-Level Analysis & Forecast

        12.8.1. USA Market Analysis

            12.8.1.1. Introduction

            12.8.1.2. Market Analysis and Forecast by Market Taxonomy

                12.8.1.2.1. By Product

                12.8.1.2.2. By Procedure

                12.8.1.2.3. By End User

        12.8.2. Canada Market Analysis

            12.8.2.1. Introduction

            12.8.2.2. Market Analysis and Forecast by Market Taxonomy

                12.8.2.2.1. By Product

                12.8.2.2.2. By Procedure

                12.8.2.2.3. By End User

13. Latin America Market Analysis 2012 to 2021 and Forecast 2022 to 2032

    13.1. Introduction

    13.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2012 to 2021

    13.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2022 to 2032

        13.3.1. By Country

            13.3.1.1. Mexico

            13.3.1.2. Brazil

            13.3.1.3. Argentina

            13.3.1.4. Rest of Latin America

        13.3.2. By Product

        13.3.3. By Procedure

        13.3.4. By End User

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Product

        13.4.3. By Procedure

        13.4.4. By End User

    13.5. Market Trends

    13.6. Key Market Participants - Intensity Mapping

    13.7. Drivers and Restraints - Impact Analysis

    13.8. Country-Level Analysis & Forecast

        13.8.1. Mexico Market Analysis

            13.8.1.1. Introduction

            13.8.1.2. Market Analysis and Forecast by Market Taxonomy

                13.8.1.2.1. By Product

                13.8.1.2.2. By Procedure

                13.8.1.2.3. By End User

        13.8.2. Brazil Market Analysis

            13.8.2.1. Introduction

            13.8.2.2. Market Analysis and Forecast by Market Taxonomy

                13.8.2.2.1. By Product

                13.8.2.2.2. By Procedure

                13.8.2.2.3. By End User

        13.8.3. Argentina Market Analysis

            13.8.3.1. Introduction

            13.8.3.2. Market Analysis and Forecast by Market Taxonomy

                13.8.3.2.1. By Product

                13.8.3.2.2. By Procedure

                13.8.3.2.3. By End User

14. Europe Market Analysis 2012 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2012 to 2021

    14.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2022 to 2032

        14.3.1. By Country

            14.3.1.1. Germany

            14.3.1.2. Italy

            14.3.1.3. France

            14.3.1.4. United Kingdom

            14.3.1.5. Spain

            14.3.1.6. BENELUX

            14.3.1.7. Nordic Countries

            14.3.1.8. Russia

            14.3.1.9. Rest of Europe

        14.3.2. By Product

        14.3.3. By Procedure

        14.3.4. By End User

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Product

        14.4.3. By Procedure

        14.4.4. By End User

    14.5. Market Trends

    14.6. Key Market Participants - Intensity Mapping

    14.7. Drivers and Restraints - Impact Analysis

    14.8. Country-Level Analysis & Forecast

        14.8.1. Germany Market Analysis

            14.8.1.1. Introduction

            14.8.1.2. Market Analysis and Forecast by Market Taxonomy

                14.8.1.2.1. By Product

                14.8.1.2.2. By Procedure

                14.8.1.2.3. By End User

        14.8.2. Italy Market Analysis

            14.8.2.1. Introduction

            14.8.2.2. Market Analysis and Forecast by Market Taxonomy

                14.8.2.2.1. By Product

                14.8.2.2.2. By Procedure

                14.8.2.2.3. By End User

        14.8.3. France Market Analysis

            14.8.3.1. Introduction

            14.8.3.2. Market Analysis and Forecast by Market Taxonomy

                14.8.3.2.1. By Product

                14.8.3.2.2. By Procedure

                14.8.3.2.3. By End User

        14.8.4. United Kingdom Market Analysis

            14.8.4.1. Introduction

            14.8.4.2. Market Analysis and Forecast by Market Taxonomy

                14.8.4.2.1. By Product

                14.8.4.2.2. By Procedure

                14.8.4.2.3. By End User

        14.8.5. Spain Market Analysis

            14.8.5.1. Introduction

            14.8.5.2. Market Analysis and Forecast by Market Taxonomy

                14.8.5.2.1. By Product

                14.8.5.2.2. By Procedure

                14.8.5.2.3. By End User

        14.8.6. BENELUX Market Analysis

            14.8.6.1. Introduction

            14.8.6.2. Market Analysis and Forecast by Market Taxonomy

                14.8.6.2.1. By Product

                14.8.6.2.2. By Procedure

                14.8.6.2.3. By End User

        14.8.7. Nordic Countries Market Analysis

            14.8.7.1. Introduction

            14.8.7.2. Market Analysis and Forecast by Market Taxonomy

                14.8.7.2.1. By Product

                14.8.7.2.2. By Procedure

                14.8.7.2.3. By End User

        14.8.8. Russia Market Analysis

            14.8.8.1. Introduction

            14.8.8.2. Market Analysis and Forecast by Market Taxonomy

                14.8.8.2.1. By Product

                14.8.8.2.2. By Procedure

                14.8.8.2.3. By End User

15. East Asia Market Analysis 2012 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2012 to 2021

    15.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2022 to 2032

        15.3.1. By Country

            15.3.1.1. China

            15.3.1.2. Japan

            15.3.1.3. South Korea

        15.3.2. By Product

        15.3.3. By Procedure

        15.3.4. By End User

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Product

        15.4.3. By Procedure

        15.4.4. By End User

    15.5. By End User Market Trends

    15.6. Key Market Participants - Intensity Mapping

    15.7. Drivers and Restraints - Impact Analysis

    15.8. Country-Level Analysis & Forecast

        15.8.1. China Market Analysis

            15.8.1.1. Introduction

            15.8.1.2. Market Analysis and Forecast by Market Taxonomy

                15.8.1.2.1. By Product

                15.8.1.2.2. By Procedure

                15.8.1.2.3. By End User

        15.8.2. Japan Market Analysis

            15.8.2.1. Introduction

            15.8.2.2. Market Analysis and Forecast by Market Taxonomy

                15.8.2.2.1. By Product

                15.8.2.2.2. By Procedure

                15.8.2.2.3. By End User

        15.8.3. South Korea Market Analysis

            15.8.3.1. Introduction

            15.8.3.2. Market Analysis and Forecast by Market Taxonomy

                15.8.3.2.1. By Product

                15.8.3.2.2. By Procedure

                15.8.3.2.3. By End User

16. South Asia Market Analysis 2012 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2012 to 2021

    16.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2022 to 2032

        16.3.1. By Country

            16.3.1.1. India

            16.3.1.2. Indonesia

            16.3.1.3. Malaysia

            16.3.1.4. Thailand

            16.3.1.5. Rest of South Asia

        16.3.2. By Product

        16.3.3. By Procedure

        16.3.4. By End User

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Product

        16.4.3. By Procedure

        16.4.4. By End User

    16.5. Market Trends

    16.6. Key Market Participants - Intensity Mapping

    16.7. Drivers and Restraints - Impact Analysis

    16.8. Country-Level Analysis & Forecast

        16.8.1. India Market Analysis

            16.8.1.1. Introduction

            16.8.1.2. Market Analysis and Forecast by Market Taxonomy

                16.8.1.2.1. By Product

                16.8.1.2.2. By Procedure

                16.8.1.2.3. By End User

        16.8.2. Indonesia Market Analysis

            16.8.2.1. Introduction

            16.8.2.2. Market Analysis and Forecast by Market Taxonomy

                16.8.2.2.1. By Product

                16.8.2.2.2. By Procedure

                16.8.2.2.3. By End User

        16.8.3. Malaysia Market Analysis

            16.8.3.1. Introduction

            16.8.3.2. Market Analysis and Forecast by Market Taxonomy

                16.8.3.2.1. By Product

                16.8.3.2.2. By Procedure

                16.8.3.2.3. By End User

        16.8.4. Thailand Market Analysis

            16.8.4.1. Introduction

            16.8.4.2. Market Analysis and Forecast by Market Taxonomy

                16.8.4.2.1. By Product

                16.8.4.2.2. By Procedure

                16.8.4.2.3. By End User

17. Oceania Market 2012 to 2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2012 to 2021

    17.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2022 to 2032

        17.3.1. By Country

            17.3.1.1. Australia

            17.3.1.2. New Zealand

        17.3.2. By Product

        17.3.3. By Procedure

        17.3.4. By End User

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Product

        17.4.3. By Procedure

        17.4.4. By End User

    17.5. Market Trends

    17.6. Key Market Participants - Intensity Mapping

    17.7. Drivers and Restraints - Impact Analysis

    17.8. Country-Level Analysis & Forecast

        17.8.1. Australia Market Analysis

            17.8.1.1. Introduction

            17.8.1.2. Market Analysis and Forecast by Market Taxonomy

                17.8.1.2.1. By Product

                17.8.1.2.2. By Procedure

                17.8.1.2.3. By End User

        17.8.2. New Zealand Market Analysis

            17.8.2.1. Introduction

            17.8.2.2. Market Analysis and Forecast by Market Taxonomy

                17.8.2.2.1. By Product

                17.8.2.2.2. By Procedure

                17.8.2.2.3. By End User

18. Middle East and Africa (MEA) Market Analysis 2012 to 2021 and Forecast 2022 to 2032

    18.1. Introduction

    18.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2012 to 2021

    18.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2022 to 2032

        18.3.1. By Country

            18.3.1.1. GCC Countries

            18.3.1.2. Turkey

            18.3.1.3. South Africa

            18.3.1.4. Rest of the Middle East and Africa

        18.3.2. By Product

        18.3.3. By Procedure

        18.3.4. By End User

    18.4. Market Attractiveness Analysis

        18.4.1. By Country

        18.4.2. By Product

        18.4.3. By Procedure

        18.4.4. By End User

    18.5. Market Trends

    18.6. Key Market Participants - Intensity Mapping

    18.7. Drivers and Restraints - Impact Analysis

    18.8. Country-Level Analysis & Forecast

        18.8.1. GCC Countries Market Analysis

            18.8.1.1. Introduction

            18.8.1.2. Market Analysis and Forecast by Market Taxonomy

                18.8.1.2.1. By Product

                18.8.1.2.2. By Procedure

                18.8.1.2.3. By End User

        18.8.2. Turkey Market Analysis

            18.8.2.1. Introduction

            18.8.2.2. Market Analysis and Forecast by Market Taxonomy

                18.8.2.2.1. By Product

                18.8.2.2.2. By Procedure

                18.8.2.2.3. By End User

        18.8.3. South Africa Market Analysis

            18.8.3.1. Introduction

            18.8.3.2. Market Analysis and Forecast by Market Taxonomy

                18.8.3.2.1. By Product

                18.8.3.2.2. By Procedure

                18.8.3.2.3. By End User

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies

    19.2. Market Share Analysis of Top Players (%)

    19.3. Market Presence Analysis

        19.3.1. By Regional Footprint of Players

        19.3.2. Product Footprint of Players

        19.3.3. Channel Footprint of Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive

        20.3.1. Abbott Laboratories

            20.3.1.1. Overview

            20.3.1.2. Product Portfolio

            20.3.1.3. Key Financials

            20.3.1.4. SWOT Analysis

            20.3.1.5. Key Developments

            20.3.1.6. Sales Footprint

            20.3.1.7. Strategy Overview

                20.3.1.7.1. Marketing Strategy

                20.3.1.7.2. Product Strategy

                20.3.1.7.3. Channel Strategy

        20.3.2. Medtronic Plc.

            20.3.2.1. Overview

            20.3.2.2. Product Portfolio

            20.3.2.3. Key Financials

            20.3.2.4. SWOT Analysis

            20.3.2.5. Key Developments

            20.3.2.6. Sales Footprint

            20.3.2.7. Strategy Overview

                20.3.2.7.1. Marketing Strategy

                20.3.2.7.2. Product Strategy

                20.3.2.7.3. Channel Strategy

        20.3.3. Boston Scientific Corporation

            20.3.3.1. Overview

            20.3.3.2. Product Portfolio

            20.3.3.3. Key Financials

            20.3.3.4. SWOT Analysis

            20.3.3.5. Key Developments

            20.3.3.6. Sales Footprint

            20.3.3.7. Strategy Overview

                20.3.3.7.1. Marketing Strategy

                20.3.3.7.2. Product Strategy

                20.3.3.7.3. Channel Strategy

        20.3.4. Lepu Medical Technology Co ltd

            20.3.4.1. Overview

            20.3.4.2. Product Portfolio

            20.3.4.3. Key Financials

            20.3.4.4. SWOT Analysis

            20.3.4.5. Key Developments

            20.3.4.6. Sales Footprint

            20.3.4.7. Strategy Overview

                20.3.4.7.1. Marketing Strategy

                20.3.4.7.2. Product Strategy

                20.3.4.7.3. Channel Strategy

        20.3.5. LivaNova PLC

            20.3.5.1. Overview

            20.3.5.2. Product Portfolio

            20.3.5.3. Key Financials

            20.3.5.4. SWOT Analysis

            20.3.5.5. Key Developments

            20.3.5.6. Sales Footprint

            20.3.5.7. Strategy Overview

                20.3.5.7.1. Marketing Strategy

                20.3.5.7.2. Product Strategy

                20.3.5.7.3. Channel Strategy

        20.3.6. Terumo Corporation

            20.3.6.1. Overview

            20.3.6.2. Product Portfolio

            20.3.6.3. Key Financials

            20.3.6.4. SWOT Analysis

            20.3.6.5. Key Developments

            20.3.6.6. Sales Footprint

            20.3.6.7. Strategy Overview

                20.3.6.7.1. Marketing Strategy

                20.3.6.7.2. Product Strategy

                20.3.6.7.3. Channel Strategy

        20.3.7. Getinge-Maquet Germany Holding GmbH

            20.3.7.1. Overview

            20.3.7.2. Product Portfolio

            20.3.7.3. Key Financials

            20.3.7.4. SWOT Analysis

            20.3.7.5. Key Developments

            20.3.7.6. Sales Footprint

            20.3.7.7. Strategy Overview

                20.3.7.7.1. Marketing Strategy

                20.3.7.7.2. Product Strategy

                20.3.7.7.3. Channel Strategy

        20.3.8. B. Braun Melsungen AG

            20.3.8.1. Overview

            20.3.8.2. Product Portfolio

            20.3.8.3. Key Financials

            20.3.8.4. SWOT Analysis

            20.3.8.5. Key Developments

            20.3.8.6. Sales Footprint

            20.3.8.7. Strategy Overview

                20.3.8.7.1. Marketing Strategy

                20.3.8.7.2. Product Strategy

                20.3.8.7.3. Channel Strategy

        20.3.9. C. R. Bard, Inc

            20.3.9.1. Overview

            20.3.9.2. Product Portfolio

            20.3.9.3. Key Financials

            20.3.9.4. SWOT Analysis

            20.3.9.5. Key Developments

            20.3.9.6. Sales Footprint

            20.3.9.7. Strategy Overview

                20.3.9.7.1. Marketing Strategy

                20.3.9.7.2. Product Strategy

                20.3.9.7.3. Channel Strategy

        20.3.10. Teleflex Incorporated

            20.3.10.1. Overview

            20.3.10.2. Product Portfolio

            20.3.10.3. Key Financials

            20.3.10.4. SWOT Analysis

            20.3.10.5. Key Developments

            20.3.10.6. Sales Footprint

            20.3.10.7. Strategy Overview

                20.3.10.7.1. Marketing Strategy

                20.3.10.7.2. Product Strategy

                20.3.10.7.3. Channel Strategy

        20.3.11. Angiodynamics

            20.3.11.1. Overview

            20.3.11.2. Product Portfolio

            20.3.11.3. Key Financials

            20.3.11.4. SWOT Analysis

            20.3.11.5. Key Developments

            20.3.11.6. Sales Footprint

            20.3.11.7. Strategy Overview

                20.3.11.7.1. Marketing Strategy

                20.3.11.7.2. Product Strategy

                20.3.11.7.3. Channel Strategy

        20.3.12. Edwards Lifesciences Corporation

            20.3.12.1. Overview

            20.3.12.2. Product Portfolio

            20.3.12.3. Key Financials

            20.3.12.4. SWOT Analysis

            20.3.12.5. Key Developments

            20.3.12.6. Sales Footprint

            20.3.12.7. Strategy Overview

                20.3.12.7.1. Marketing Strategy

                20.3.12.7.2. Product Strategy

                20.3.12.7.3. Channel Strategy

        20.3.13. MicroPort Scientific Corporation

            20.3.13.1. Overview

            20.3.13.2. Product Portfolio

            20.3.13.3. Key Financials

            20.3.13.4. SWOT Analysis

            20.3.13.5. Key Developments

            20.3.13.6. Sales Footprint

            20.3.13.7. Strategy Overview

                20.3.13.7.1. Marketing Strategy

                20.3.13.7.2. Product Strategy

                20.3.13.7.3. Channel Strategy

        20.3.14. Smith Medical

            20.3.14.1. Overview

            20.3.14.2. Product Portfolio

            20.3.14.3. Key Financials

            20.3.14.4. SWOT Analysis

            20.3.14.5. Key Developments

            20.3.14.6. Sales Footprint

            20.3.14.7. Strategy Overview

                20.3.14.7.1. Marketing Strategy

                20.3.14.7.2. Product Strategy

                20.3.14.7.3. Channel Strategy

        20.3.15. Abiomed, Inc

            20.3.15.1. Overview

            20.3.15.2. Product Portfolio

            20.3.15.3. Key Financials

            20.3.15.4. SWOT Analysis

            20.3.15.5. Key Developments

            20.3.15.6. Sales Footprint

            20.3.15.7. Strategy Overview

                20.3.15.7.1. Marketing Strategy

                20.3.15.7.2. Product Strategy

                20.3.15.7.3. Channel Strategy

        20.3.16. Estech

            20.3.16.1. Overview

            20.3.16.2. Product Portfolio

            20.3.16.3. Key Financials

            20.3.16.4. SWOT Analysis

            20.3.16.5. Key Developments

            20.3.16.6. Sales Footprint

            20.3.16.7. Strategy Overview

                20.3.16.7.1. Marketing Strategy

                20.3.16.7.2. Product Strategy

                20.3.16.7.3. Channel Strategy

        20.3.17. Cook Medical Inc

            20.3.17.1. Overview

            20.3.17.2. Product Portfolio

            20.3.17.3. Key Financials

            20.3.17.4. SWOT Analysis

            20.3.17.5. Key Developments

            20.3.17.6. Sales Footprint

            20.3.17.7. Strategy Overview

                20.3.17.7.1. Marketing Strategy

                20.3.17.7.2. Product Strategy

                20.3.17.7.3. Channel Strategy

        20.3.18. Braile Biomedica

            20.3.18.1. Overview

            20.3.18.2. Product Portfolio

            20.3.18.3. Key Financials

            20.3.18.4. SWOT Analysis

            20.3.18.5. Key Developments

            20.3.18.6. Sales Footprint

            20.3.18.7. Strategy Overview

                20.3.18.7.1. Marketing Strategy

                20.3.18.7.2. Product Strategy

                20.3.18.7.3. Channel Strategy

            20.3.18.8. Biotronik Inc Overview

            20.3.18.9. Product Portfolio

            20.3.18.10. Key Financials

            20.3.18.11. SWOT Analysis

            20.3.18.12. Key Developments

            20.3.18.13. Sales Footprint

            20.3.18.14. Strategy Overview

                20.3.18.14.1. Marketing Strategy

                20.3.18.14.2. Product Strategy

                20.3.18.14.3. Channel Strategy

21. Assumptions and Acronyms Used

22. Research Methodology

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