According to FutureWise analysis the market for cardiovascular needle in 2023 is US$ 96.3 billion, and is expected to reach US$ 163.26 billion by 2031 at a CAGR of 6.80%.
Cardiovascular needles are used in various heart and vascular procedures to close a surgical wound. A variety of surgeries, such as cardiovascular surgeries, open heart surgery, cardiac valve procedures, heart transplants, coronary artery bypass graft surgery, and more, require cardiovascular needles. Cardiovascular needles market is driven by the increasing number of patients suffering from cardiovascular diseases, obesity, and diabetes. A survey conducted by Johnson and Johnson Pvt. Ltd. In 2014, there were about 2.5 million cardiovascular surgeries in the United States, 16% of which were CABGs (Coronary Artery Bypass Grafts) and 5% of which were cardiac valve surgeries. Approximately 1.6 million deaths were directly caused by diabetes in 2015, and in 2014, 8.5% of adults aged 18 and older had diabetes. Thus, the global cardiovascular needles market is mainly driven by chronic diseases.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Cardiovascular Needle 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 Needle 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.