According to FutureWise analysis the market for Cardiovascular Anastomosis Devices in 2023 is US$ 1.25 billion, and is expected to reach US$ 2.11 billion by 2031 at a CAGR of 6.70%.
Cardiovascular Anastomotic devices are becoming more common as a safe and quick way to connect the saphenous and aortic arteries. Medical technology companies are delivering innovative products to the market in response to the increased awareness and demand for these gadgets. During the peak of the COVID-19 pandemic, only emergency cases such as acute aortic dissections were allowed to be addressed, with patients being treated according to surgical priority while all elective surgeries were cancelled. According to the Adult Cardiac Surgery database of the Society of Thoracic Surgeons, there was a 52 percent drop in adult cardiac surgery volume and a roughly 65 percent drop in elective cases in the United States in 2020. Cardiovascular diseases are one of the leading causes of death around the world.
According to the World Health Organization, cardiovascular diseases killed 17.9 million people globally in 2019, accounting for 32% of all deaths. According to the Centers for Disease Control and Prevention (CDC), coronary artery disease affects 18.2 million people in the United States (CAD). Coronary artery disease is responsible for about 20% of deaths in people under the age of 65 (CAD). Furthermore, an increase in sedentary lifestyles, as well as increased smoking, cigarette, and alcohol use, is expected to increase the number of cardiovascular procedures in the coming years.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Cardiovascular Anastomosis Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Cardiovascular Anastomosis Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.