North America Cardiovascular Needle Market

Market Introduction

The cardiovascular needles are used during a number of cardiovascular surgeries such as open-heart surgery, cardiac valve procedures, heart transplant, coronary artery bypass graft surgery, and many more surgeries need surgical needles. These cardiovascular needles are of two types: single use or eyeless needles and multiple use or eyed needles. Cardiovascular needles are manufactured from new stainless-steel alloys containing high concentrations of nickel, Surgalloy and Ethalloy.

 Thus, the increasing prevalence of cardiovascular diseases are expected to create a significant demand for cardiovascular needle in the coming years, which is further anticipated to drive the cardiovascular needle market.

Cardiac surgical patients not only require vital ICU resources but are also potentially in the highest risk category of complications of COVID-19. Hence, most of the hospitals and surgical enters has considered to cancel or postponed elective surgeries including cardiovascular surgeries. Hence impact of COVID 19 is expected to be somewhat negative on cardiovascular needle market, but it is also anticipated for short term. According to the Society of Thoracic Surgeons Adult Cardiac Surgery Database and Johns Hopkins COVID-19 database, there was a 52.7% reduction in adult cardiac surgery volume and a 65.5% reduction in elective cases in United States. After the first COVID-19 surge, nationwide cardiac surgical case volumes have declined, which indicates a COVID-19-associated impact on cardiac surgery patients. However, in long run, as the vaccination schedule will establishes and transmission rate decreases, healthcare systems will return to normal and will have increased demand for cardiovascular needle, which will support the market.

North America Cardiovascular Needle Strategic Insights

Strategic insights for the North America Cardiovascular Needle provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Cardiovascular Needle Report Scope

North America Cardiovascular Needle Regional Insights

The geographic scope of the North America Cardiovascular Needle refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Cardiovascular needle market in North America is expected to grow from US$ 30,555.0 thousands in 2021 to US$ 50,854.8 thousands by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. The healthcare and medical device industries have flourished significantly in the last decade. Technological advancements, resulting in surge in the availability of numerous connected medical devices and rise in their importance in healthcare, are revolutionizing the medical device industry. There is a huge gap in the current demand and supply of medical devices, which provides a significant opportunity for device manufacturers to establish their presence in the region.

Key Market Segments

In terms of type, the round-bodied needles segment accounted for the largest share of the North America cardiovascular needle market in 2020. In terms of application, the open-heart surgery segment accounted for the largest share of the North America cardiovascular needle market in 2020. In terms of usage, the single use segment accounted for the largest share of the North America cardiovascular needle market in 2020. In terms of end user, the hospitals and clinics segment accounted for the largest share of the North America cardiovascular needle market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the cardiovascular needle market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Ethicon (Johnson & Johnson Services, Inc.), MANI, INC., Barber of Sheffield, FSSB surgical needles GmbH, Medtronic, Teleflex Incorporated, Meril Life Sciences Pvt. Ltd., CP Medical, and SMB Corporation of India.

Reasons to buy report

• To understand the North America Cardiovascular needle market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America Cardiovascular needle market
• Efficiently plan M&A and partnership deals in North America Cardiovascular needle market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Cardiovascular needle market
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Cardiovascular Needle Market Segmentation    

By Application

• Open Heart Surgery
• Cardiac Valve Procedures

By Usage

• Single Use
• Multiple Uses

By End User

• Hospitals and Clinics
• Ambulatory Surgical Centres
• Cardiovascular Centres

By Country

• North America
  • US
  • Canada
  • Mexico

Companies Mentioned

1. Ethicon (Johnson & Johnson Services, Inc.)              
2. MANI, INC              
3. Barber of Sheffield             
4. FSSB surgical needles GmbH          
5. Medtronic              
6. Teleflex Incorporated       
7. Meril Life Sciences Pvt. Ltd.             
8. CP Medical             
9. SMB Corporation of India