North America 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 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.
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Market Overview and Dynamics
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
- 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 North America Cardiovascular Needle Market – By Country
2. North America Cardiovascular Needle Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Cardiovascular Needle Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Cardiovascular Needle Market- North America PEST Analysis
4.3 Expert Opinion
5. North America 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 – North America Analysis
6.1 North America Cardiovascular Needle Market Revenue Forecasts and Analysis
7. North America 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. North America 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. North America 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. North America 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 North America: Cardiovascular Needle Market
11.1.1 Overview
11.1.2 North America: Cardiovascular Needle Market, by Country, 2021 & 2028 (%)
11.1.2.1 US: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.1.1 US: Cardiovascular Needle Market – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.1.2 US: Cardiovascular Needle Market, by Type, 2019–2028 (USD Thousands)
11.1.2.1.3 US: Cardiovascular Needle Market, by Application, 2019–2028 (USD Thousands)
11.1.2.1.4 US: Cardiovascular Needle Market, by Usage, 2019–2028 (USD Thousands)
11.1.2.1.5 US: Cardiovascular Needle Market, by End User, 2019–2028 (USD Thousands)
11.1.2.2 Canada: Cardiovascular Needle Market – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.2.1 Canada: Cardiovascular Needle Market – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.2.2 Canada: Cardiovascular Needle Market, by Type, 2019–2028 (USD Thousands)
11.1.2.2.3 Canada: Cardiovascular Needle Market, by Application, 2019–2028 (USD Thousands)
11.1.2.2.4 Canada: Cardiovascular Needle Market, by Usage, 2019–2028 (USD Thousands)
11.1.2.2.5 Canada: Cardiovascular Needle Market, by End User, 2019–2028 (USD Thousands)
11.1.2.3 Mexico: Cardiovascular Needle Market – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.3.1 Mexico: Cardiovascular Needle Market – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.3.2 Mexico: Cardiovascular Needle Market, by Type – 2019–2028 (USD Thousands)
11.1.2.3.3 Mexico: Cardiovascular Needle Market, by Application, 2019–2028 (USD Thousands)
11.1.2.3.4 Mexico: Cardiovascular Needle Market, by Usage, 2019–2028 (USD Thousands)
11.1.2.3.5 Mexico: Cardiovascular Needle Market, by End User, 2019–2028 (USD Thousands)
12. Impact Of COVID-19 Pandemic on North America Cardiovascular Needle Market
12.1 North America: 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. US Cardiovascular Needle Market, by Type – Revenue and Forecast to 2028 (USD Thousands)
Table 2. US Cardiovascular Needle Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
Table 3. US Cardiovascular Needle Market, by Usage– Revenue and Forecast to 2028 (USD Thousands)
Table 4. US Cardiovascular Needle Market, by End User – Revenue and Forecast to 2028 (USD Thousands)
Table 5. Canada Cardiovascular Needle Market, by Type – Revenue and Forecast to 2028 (USD Thousands)
Table 6. Canada Cardiovascular Needle Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
Table 7. Canada Cardiovascular Needle Market, by Usage– Revenue and Forecast to 2028 (USD Thousands)
Table 8. Canada Cardiovascular Needle Market, by End User – Revenue and Forecast to 2028 (USD Thousands)
Table 9. Mexico Cardiovascular Needle Market, by Type – Revenue and Forecast to 2028 (USD Thousands)
Table 10. Mexico Rapid Test Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
Table 11. Mexico Cardiovascular Needle Market, by Usage– Revenue and Forecast to 2028 (USD Thousands)
Table 12. Mexico Cardiovascular Needle Market, by End User – Revenue and Forecast to 2028 (USD Thousands)
Table 13. Glossary of Terms, Cardiovascular Needle Market
LIST OF FIGURES
Figure 1. Cardiovascular Needle Market Segmentation
Figure 2. North America Cardiovascular Needle Market Overview
Figure 3. Round-Bodied Needles Segment Held Largest Share of Type in Cardiovascular Needle Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Cardiovascular Needle Market - North America PEST Analysis
Figure 6. Cardiovascular Needle Market Impact Analysis of Driver and Restraints
Figure 7. North America 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. North America: Cardiovascular Needle Market, by Key Country – Revenue (2021) (USD Thousands)
Figure 22. North America: Cardiovascular Needle Market, by Country, 2021 & 2028 (%)
Figure 23. US: Cardiovascular Needle Market – Revenue and Forecast to 2028 (USD Thousands)
Figure 24. Canada: Cardiovascular Needle Market – Revenue and Forecast to 2028 (USD Thousands)
Figure 25. Mexico: Cardiovascular Needle Market – Revenue and Forecast to 2028 (USD Thousands)
Figure 26. Impact of COVID-19 Pandemic in North American 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 North America 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 North America 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 North America 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