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)

TIPRE00025905 | Pages: 104 | Medical Device | Nov 2021 | Type: Regional | Status: Published

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

  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

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

 

  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
  • 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
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