Cardiovascular Surgical devices Market to cross USD 120 Billion by 2023

The global cardiovascular surgical devices market is expected to witness a double-digit CAGR according to the report published by S&P consulting. Cardiac surgery is a vibrant field and is constantly witnessing groundbreaking procedures in the medical domain.

Dallas, United States – June 18, 2018 /MarketersMedia/ —

The global cardiovascular surgical devices market is expected to witness a double-digit CAGR according to the report published by S&P consulting. Cardiac surgery is a vibrant field and is constantly witnessing groundbreaking procedures in the medical domain. Devices such as coronary stents, heart valves, endovascular grafts and angioplasty catheters have paved a way for market growth by improving quality of patients and life-span.

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The market is subject to witness substantial growth opportunities for medical device manufacturers that encompass design and development of advanced implantable cardiovascular devices, highly complex by nature to accumulate an extensive investment. Challenges such as rigorous production techniques, high risk and adoption to progressive technologies are rising with a lightning speed. Increasing degree of risk of devices to patients, cardiovascular devices are subject to critical review and clinical approvals. As per the news, expected changes such as categorization of certain cardiovascular devices undergo clinical evaluations such as pre and post market surveillance in the EU market.

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Change in lifestyle leading to change in eating habits and disturbed sleep patterns have given rise to a number of lifestyle-related diseases such as diabetes, cancer and cardiovascular diseases. In addition, growing rate of geriatric population along with rise in surgeries for cardiac diseases is likely to contribute to the market development in the near future.
Cardiovascular surgical devices market is segmented based on product, application, age group and geography. Product segmentation for cardiovascular surgical devices include cardiopulmonary bypass equipment, cardiac ablation, perfusion disposable, ventricular assist device and cardiac ablation. Type category for cardiovascular surgical devices market include cardiac arrhythmia, congenital heart defects, congestive heart failure and coronary heart disease. Application category includes specialty clinics, ambulatory surgical centers and hospitals.
Geographical segmentation for cardiovascular surgical devices market include North America, Latin America, Europe, Middle East and Africa.
Prominent players in the cardiovascular devices include Abbott Cardiovascular, Bioventrix Inc, Biosensors International, Cordis Corp and Terumo Cardiovascular Systems.

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