Global Cardiovascular Needle Market Ascends at a Healthy CAGR of 7.28%

Introduction

The growth of the cardiovascular needles market is attributable to factors such as the increasing prevalence of cardiovascular illnesses and the aging population. However, the preference for surgical staples versus cardiovascular needles is anticipated to harm the market. Cardiovascular needles are utilized during open-heart surgeries, cardiac valve procedures, heart transplant procedures, and coronary artery bypass graft surgeries. Two variants of these needles are single-use needles without eyes and multiple-use needles with eyes. New nickel-rich stainless-steel alloys, Surgalloy and Ethalloy, are utilized in producing cardiovascular needles.

Cardiovascular diseases (CVDs) include rheumatic heart disease, coronary artery disease, and cerebrovascular illness. Dietary inadequacy, tobacco use, and lack of physical exercise, which raise the risk of heart attacks and strokes, are among the most critical lifestyle factors that lead to cardiovascular diseases (CVDs). Hypertension, diabetes and high cholesterol levels also contribute to these disorders. CVDs are one of the top 10 global causes of death. According to the World Health Organization (WHO), cardiovascular disease is the world's most significant cause of mortality. Cardiovascular diseases (CVDs) will probably continue to be the leading cause of morbidity and mortality. Heart attacks and strokes were responsible for around 85 percent of these deaths. Fat accumulation around blood vessels, which restricts blood flow to the heart or brain, is the leading cause of heart attack and stroke. Additionally, bleeding vessels or blood clots in the brain can induce strokes.

Market Dynamics

Demand for products with superior penetrability

Increasing demand for goods with excellent penetrating capabilities to satisfy cardiac and vascular surgery requirements is one of the essential factors pushing the market for cardiovascular needles. The rising prevalence of cardiovascular problems worldwide is a critical trend that is one of the primary development possibilities for market participants. They are regarded as the principal cause of the decline in health, especially among the elderly, and the leading cause of the drop in mortality among young adults globally. The high management cost has disproportionately burdened patients from low-income and middle-income nations. Due to the high operating-suite duration, the suffering of the patients has resulted in a reduction in operating-room time.

Increasing Rate of Cardiovascular Disorders

Cardiovascular diseases (CVDs) include cerebrovascular disease, coronary heart disease, and rheumatic heart disease. Tobacco use, a poor diet, and a lack of physical activity, which increase the risk of heart attacks and strokes, are key lifestyle factors that lead to cardiovascular diseases (CVDs). Hypertension, diabetes, and increased cholesterol levels also contribute to these conditions. CVDs are one of the top 10 global causes of death. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death on a worldwide scale. Cardiovascular diseases (CVDs) will probably continue to be the leading cause of morbidity and mortality. According to the World Health Organization, 17,9 million people died from CVDs in 2016, accounting for 31.0% of the global death toll. Heart attacks and strokes were responsible for around 85 percent of these deaths. The accumulation of fat around blood vessels, which restricts blood flow to the heart or brain, is the most common cause of heart attack and stroke. Additionally, bleeding vessels or blood clots in the brain can induce strokes.

Utilization of innovative materials and designs

Utilizing unique materials and designs has cleared the path for developing cutting-edge technologies, expanding the market potential for cardiovascular needles. For instance, recently developed medical technology has assisted in minimizing blood loss through needle holes in vascular anastomoses. The discovery of novel materials has allowed the creation of highly sharp needles, resistant to bending and ductile; these properties enhance the performance of devices employed in various cardiovascular functions. The expansion of the market for cardiovascular needles in hospitals and clinics is predicted to generate substantial revenue benefits for industry participants.

Regional Analysis

The United States of America and Canada are the two countries that comprise what is commonly referred to as the North American region. Mexico and Brazil are the countries that makeup Latin America. Germany, Italy, France, England, and Spain, the nations that make up the Nordic region and B.E.N.E.L.U.X., are all considered part of the Western European region. The Eastern European region comprises Poland, Russia, and other countries located throughout the rest of Eastern Europe. The Asia Pacific area includes many countries, including India, China, the Association of Southeast Asian Nations (ASEAN), Australia, and New Zealand. The term "The Middle East and Africa" refers to the geographical region encompassing the Gulf Cooperation Council, South Africa, North Africa, and the rest of the Middle East and Africa.

It is forecasted that the North American region will hold a preponderant share in the international market for cardiovascular needles over the next several years. This prediction is based on geographic geography. This is mainly because more older people live in the region, as well as the expansion of more cutting-edge medical facilities and overall growth in people's lifespans. Additionally, the development of advanced technologies such as laser-drilled cardiovascular needles is anticipated to play a vital part in playing essential role in fueling the market demand over the projection period. [citation needed] The market in Europe is the second largest after the one in North America, and the market in the Asia-Pacific region is the third largest. Regarding the demand for cardiovascular needles worldwide, Europe and the Asia Pacific region retain the joint position of holding the second-largest position.

Key Highlights

• The Global Cardiovascular Needle Market was valued at $ 87.30 million in 2021 and is projected to reach $ 164.32 million by 2030, registering a CAGR of 7.28 % from 2022 to 2030.
• The market segment for round-bodied hands is expected to account for a more significant market share in 2021.
• It is anticipated that the single-use category will account for a more significant portion of the market in 2021.
• In 2021, it was anticipated that the open-heart surgery sector would occupy a more significant proportion of the market.
• It is anticipated that the hospitals and clinics category will occupy the most significant share of the market in 2021.
• The North American region is expected to hold a preponderant stake in the international cardiovascular needle market over the next few years.

Competitive Players

Competitive Players

The major players in the global Cardiovascular Needle market – Barber of Sheffield Ltd., CP Medical, Inc., Ethicon US, LLC, MANI, Inc., FSSB surgical needles GmbH SMB Corporation, Quality Needles Pvt. Ltd., BD, B. Braun Melsungen AG, SMB Corporation of India, KLS Martin Group, Sklar Surgical Instruments, Scanlan International, Teleflex Incorporated, Medline Industries, Inc., Surtex Instruments Limited, Symmetry Surgical Inc., Delacroix-Chevalier, Wexler Surgical, Aurolab and RK Manufacturing.

Recent Developments

Recent Developments

• In May 2022, Aesculap secured distribution rights for the digital surgical microscope.
• In March 2022, B. Braun acquired Intermedt Medizin & Technik GmbH, a specialist in the preparation of dialysis concentrates.
• In July 2022, BD, Investing in Clinical Pharmacists at Community Health Centers Can Significantly Improve Patient Outcomes, Advance Health Equity.
• In June 2022, SMB Corporation of India,Fascinating presentations at the COMPAMED Innovation Forum 2022: How medical technology combats neurological disorders.

Segmentation

Global Cardiovascular Needle Market Segmentation

By Type

• Round-bodied needles
• Cutting needles

By Application

• Open heart surgery
• Cardiac valve procedures

By Usage

• Single use
• Multiple uses

By End User

• End user
• Hospitals & clinics
• Ambulatory surgical centers
• Cardiovascular centers

By Region

• North America
• Europe
• Asia-Pacific
• LAMEA