Europe Cardiovascular Needle Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Round-Bodied Needles, and Cutting Needles); Application (Open Heart Surgery, and Cardiac Valve Procedures); Usage (Single Use, and Multiple Uses); End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Cardiovascular Centers)
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 surgery across Europe is being set back as a result of the ongoing coronavirus. Operations are being postponed, treatment delayed, and critical care staff have been redeployed to cope with the impact of the Covid-19 epidemic on health services. While evidence illustrates a significant fall in heart surgery procedures in the United States and in the UK. In England, the charity the British Heart Foundation has monitored the situation and found that around 371,000 heart operations and procedures were performed in 2020, down 22 per cent from 2019 when more than 473,000 were carried out. Operations such as coronary bypass and heart valve surgery fell from 37,000 cases to around 25,000 by the end of November 2020, compared with 2019, while procedures such as fitting stents to open blocked arteries also fell. Meanwhile, research presented at the 57th Annual Meeting of The Society of Thoracic Surgeons showed that in the United States Covid-19 resulted in a 53% decrease nationwide in all adult cardiac surgery. Data from Public Health England show there have been at least 5,700 excess deaths from heart diseases and stroke since the pandemic began. Delays to heart operations and procedures are likely contributing to more deaths than expected.
Get more information on this report :
Market Overview and Dynamics
The Cardiovascular needle market in Europe is expected to grow from US$ 24,408.5 thousands in 2021 to US$ 39,261.2 thousands by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The prevalence of cardiovascular conditions is significantly rising in developing countries due to shift in lifestyle, and the modernization of commercial, industrial, and residential infrastructure; the modernized facilities result in reduced physical activities. On the other hand, stress levels continue to rise among people. Thus, these factors are driving the prevalence of cardiovascular conditions in developing countries. Further, these countries are significantly developing their healthcare facilities and services and are heading toward technological advancements. As per the study Global Burden of Disease in the Lancet, ~10 deaths are associated with this disease, which is equivalent to ~6.4 million deaths. Thus, emerging countries provide significant opportunities for the cardiovascular needles market players; they can enter these untapped or less explored markets with cost-effective products during the forecast period.
Key Market Segments
In terms of type, the round-bodied needles segment accounted for the largest share of the Europe cardiovascular needle market in 2020. In terms of application, the open-heart surgery segment accounted for the largest share of the Europe cardiovascular needle market in 2020. In terms of usage, the single use segment accounted for the largest share of the Europe cardiovascular needle market in 2020. In terms of end user, the hospitals and clinics segment accounted for the largest share of the Europe 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 Europe 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 Europe 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 Europe Cardiovascular needle market
- Efficiently plan M&A and partnership deals in Europe 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 Europe Cardiovascular needle market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe 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
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Companies Mentioned
- Ethicon (Johnson & Johnson Services, Inc.)
- MANI, INC
- Barber of Sheffield
- FSSB surgical needles GmbH
- Medtronic
- Teleflex Incorporated
- Meril Life Sciences Pvt. Ltd.
- CP Medical
- SMB Corporation of India
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Cardiovascular Needle Market – By Type
1.3.2 Cardiovascular Needle Market – By Application
1.3.3 Cardiovascular Needle Market – By Usage
1.3.4 Cardiovascular Needle Market – By End User
1.3.5 Europe Cardiovascular Needle Market – By Country
2. Europe Cardiovascular Needle Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Cardiovascular Needle Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Cardiovascular Needle Market- Europe PEST Analysis
4.3 Expert Opinion
5. Europe Cardiovascular Needle Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Cardiovascular Diseases
5.1.2 Rise in Elderly Population
5.2 Key Market Restraints
5.2.1 Preference for Surgical Staples over Needles
5.3 Key Market Opportunities
5.3.1 Growth Opportunities in Developing Nations
5.4 Future Trends
5.4.1 Proliferation of MedTech Industry
5.5 Impact Analysis
6. Cardiovascular Needle Market – Europe Analysis
6.1 Europe Cardiovascular Needle Market Revenue Forecasts and Analysis
7. Europe Cardiovascular Needle Market Analysis and Forecasts To 2028 – By Type
7.1 Overview
7.2 Cardiovascular Needle Market Revenue Share, by Type (2020 and 2028)
7.3 Round-Bodied Needles
7.3.1 Overview
7.3.2 Round-Bodied Needles: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
7.4 Cutting Needles
7.4.1 Overview
7.4.2 Cutting Needles: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
8. Europe Cardiovascular Needle Market Analysis and Forecasts To 2028 – By Application
8.1 Overview
8.2 Cardiovascular Needle Market Revenue Share, by Application (2020 and 2028)
8.3 Open Heart Surgery
8.3.1 Overview
8.3.2 Open Heart Surgery: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
8.4 Cardiac Valve Procedures
8.4.1 Overview
8.4.2 Cardiac Valve Procedures: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
9. Europe Cardiovascular Needle Market Analysis and Forecasts To 2028 – By Usage
9.1 Overview
9.2 Cardiovascular Needle Market Revenue Share, by Usage (2020 and 2028)
9.3 Single Use
9.3.1 Overview
9.3.2 Single Use: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
9.4 Multiple Use
9.4.1 Overview
9.4.2 Multiple Use: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
10. Europe Cardiovascular Needle Market Analysis and Forecasts To 2028 –By End user
10.1 Overview
10.2 Cardiovascular Needle Market Revenue Share, by End User (2020 and 2028)
10.3 Hospitals and Clinics
10.3.1 Overview
10.3.2 Hospitals and Clinics: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
10.4 Ambulatory Surgical Centers
10.4.1 Overview
10.4.2 Ambulatory Surgical Centers: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
10.5 Cardiovascular Centers
10.5.1 Overview
10.5.2 Cardiovascular Centers: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
11. Cardiovascular Needle Market Revenue and Forecasts to 2028 – Geographical Analysis
11.1 Europe: Cardiovascular Needle Market Revenue and Forecasts to 2028
11.1.1 Overview
11.1.2 Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, By Country (%)
11.1.2.1 Germany Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.1.1 Germany Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.1.2 Germany Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
11.1.2.1.3 Germany Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
11.1.2.1.4 Germany Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
11.1.2.1.5 Germany Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
11.1.2.2 UK Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.2.1 UK Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.2.2 UK Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
11.1.2.2.3 UK Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
11.1.2.2.4 UK Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
11.1.2.2.5 UK Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
11.1.2.3 France Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.3.1 France Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.3.2 France Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
11.1.2.3.3 France Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
11.1.2.3.4 France Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
11.1.2.3.5 France Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
11.1.2.4 Italy Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.4.1 Italy Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.4.2 Italy Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
11.1.2.4.3 Italy Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
11.1.2.4.4 Italy Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
11.1.2.4.5 Italy Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
11.1.2.5 Spain Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.5.1 Spain Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.5.2 Spain Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
11.1.2.5.3 Spain Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
11.1.2.5.4 Spain Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
11.1.2.5.5 Spain Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
11.1.2.6 Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.6.1 Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
11.1.2.6.2 Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
11.1.2.6.3 Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
11.1.2.6.4 Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
11.1.2.6.5 Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
12. Impact Of COVID-19 Pandemic on Europe Cardiovascular Needle Market
12.1 Europe: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
14. Company Profiles
14.1 Ethicon (Johnson & Johnson Services, Inc.)
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 MANI,INC
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Barber of Sheffield
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 FSSB surgical needles GmbH
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Medtronic
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Teleflex Incorporated
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Meril Life Sciences Pvt. Ltd.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 CP Medical
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 SMB Corporation of India
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type US$ Mn)
Table 2. Germany and Middle East and Africa Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn).
Table 3. Germany and Middle East and Africa Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn).
Table 4. Germany Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User US$ Mn)
Table 5. UK Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type US$ Mn)
Table 6. UK Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn).
Table 7. UK Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn).
Table 8. UK Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User US$ Mn)
Table 9. France Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 10. France Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 11. France Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
Table 12. France Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 13. Italy Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 14. Italy Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 15. Italy Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
Table 16. Italy Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 17. Spain Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 18. Spain Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 19. Spain Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
Table 20. Spain Cardiovascular Needle Market, by End User – Revenue and Forecast to 2028 by End User (US$ Thousands)
Table 21. Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 22. Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 23. Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, By Usage (US$ Mn)
Table 24. Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 25. Glossary of Terms, Cardiovascular Needle Market
LIST OF FIGURES
Figure 1. Cardiovascular Needle Market Segmentation
Figure 2. Europe Cardiovascular Needle Market Overview
Figure 3. Round-Bodied Needles Segment Held Largest Share of Type in Cardiovascular Needle Market
Figure 4. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Cardiovascular Needle Market - Europe PEST Analysis
Figure 6. Cardiovascular Needle Market Impact Analysis of Driver and Restraints
Figure 7. Europe Cardiovascular Needle Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. Cardiovascular Needle Market Revenue Share, by Type (2020 and 2028)
Figure 9. Round-Bodied Needles: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 10. Cutting Needles: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 11. Cardiovascular Needle Market Revenue Share, by Application (2020 and 2028)
Figure 12. Open Heart Surgery: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 13. Cardiac Valve Procedures: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 14. Cardiovascular Needle Market Revenue Share, by Usage (2020 and 2028)
Figure 15. Single Use: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 16. Multiple Use: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 17. Cardiovascular Needle Market Revenue Share, by End User (2020 and 2028)
Figure 18. Hospitals and Clinics: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 19. Ambulatory Surgical Centers: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 20. Cardiovascular Centers: Cardiovascular Needle Market – Revenue and Forecast to 2028 (US$ Thousands)
Figure 21. Europe: Cardiovascular Needle Market Revenue Overview, by Country, 2021 (US$ Thousands)
Figure 22. Europe Cardiovascular Needle Market Revenue and Forecasts to 2028, By Country (%)
Figure 23. Germany Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. UK Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. France Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Italy Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Spain Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Rest of Europe Cardiovascular Needle Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Impact of COVID-19 Pandemic in European Country Markets
- Ethicon (Johnson & Johnson Services, Inc.)
- MANI, INC
- Barber of Sheffield
- FSSB surgical needles GmbH
- Medtronic
- Teleflex Incorporated
- Meril Life Sciences Pvt. Ltd.
- CP Medical
- SMB Corporation of India
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe cardiovascular needle market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe cardiovascular needle market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the cardiovascular needle market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution