South and Central 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.
The COVID? 19 pandemic is a critical test for the already overburdened and underfunded public healthcare systems of South and Central America. It suffers from severe inequalities. With a vast population living in poverty, South and Central America continuously face widespread health problems due to overcrowding, limited sanitation, food insecurity, and unpredictable environmental conditions. Underfunded state?run hospitals are the only source of medical care in the region. Brazil is in a critical situation due to COVID-1. Lack of resources has created more challenges in the region and has affected number of cardiovascular procedures in the countries as healthcare setting were prioritizing treatment for COVID infected patients. All these factors will restrict the distribution and adoption of cardiac surgical instruments which will restrict the market growth.
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Market Overview and Dynamics
The Cardiovascular needle market in South and Central America is expected to grow from US$ 6,636.1 thousands in 2021 to US$ 9,580.9 thousands by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Cardiovascular diseases (CVDs) are the disorders of heart and blood vessels, and the category includes cerebrovascular disease, coronary heart disease, rheumatic heart disease, and other conditions. Tobacco consumption, unhealthy diet, and physical inactivity, which increase the risk of heart attacks and strokes, are a few of the major lifestyle factors that lead to the CVDs. Other risk factors causing these diseases include hypertension, diabetes, and increased cholesterol levels. CVDs are among the top 10 causes of death. According to the World Health Organization (WHO), cardiovascular diseases are number one cause of the death. Cardiovascular diseases (CVDs) are likely to remain the largest cause of morbidity and mortality. Fat depositions around blood vessels that prevents blood from flowing to the heart or brain is a main cause of heart attack and stroke. Bleeding vessels or blood clots in brain are a few other causes of stroke. Thus, the significantly rising incidence of CVDs is contributing to the high demand for diagnostic and treatment cardiovascular devices, which is driving the cardiovascular needle market growth.
Key Market Segments
In terms of type, the round-bodied needles segment accounted for the largest share of the South and Central America cardiovascular needle market in 2020. In terms of application, the open-heart surgery segment accounted for the largest share of the South and Central America cardiovascular needle market in 2020. In terms of usage, the single use segment accounted for the largest share of the South and Central America cardiovascular needle market in 2020. In terms of end user, the hospitals and clinics segment accounted for the largest share of the South and Central 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 South and Central 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.
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South and Central 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
- South and Central America
- Brazil
- Argentina
- Rest of South and Central America
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 South and Central America Cardiovascular Needle Market – By Country
2. South and Central America Cardiovascular Needle Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South and Central America Cardiovascular Needle Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Cardiovascular Needle Market- South and Central America PEST Analysis
4.3 Expert Opinion
5. South and Central 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 – South and Central America Analysis
6.1 South and Central America Cardiovascular Needle Market Revenue Forecasts and Analysis
7. South and Central 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. South and Central 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. South and Central 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. South and Central 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 South and Central America: Cardiovascular Needle Market
11.1.1 Overview
11.1.2 South and Central America: Cardiovascular Needle Market, by Country, 2021 & 2028 (%)
11.1.2.1 Brazil: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.1.1 Brazil: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.1.2 Brazil Cardiovascular Needle Market, by Type– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.1.3 Brazil Cardiovascular Needle Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.1.4 Brazil Cardiovascular Needle Market, by Usage – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.1.5 Brazil Cardiovascular Needle Market, by End User– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.2 Argentina: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.2.1 Argentina: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.2.2 Argentina Cardiovascular Needle Market, by Type– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.2.3 Argentina Cardiovascular Needle Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.2.4 Argentina Cardiovascular Needle Market, by Usage – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.2.5 Argentina Cardiovascular Needle Market, by End User– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.3 Rest of South and Central America: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.3.1 Rest of South and Central America: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.3.2 Rest of South and Central America Cardiovascular Needle Market, by Type– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.3.3 Rest of South and Central America Cardiovascular Needle Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
11.1.2.3.4 Rest of South and Central America Cardiovascular Needle Market, by Usage– Revenue and Forecast to 2028 (USD Thousands)
11.1.2.3.5 Rest of South and Central America Cardiovascular Needle Market, by End User– Revenue and Forecast to 2028 (USD Thousands)
12. Impact Of COVID-19 Pandemic on South and Central America Cardiovascular Needle Market
12.1 South and Central 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. Brazil Cardiovascular Needle Market, by Type – Revenue and Forecast to 2028 (USD Thousands)
Table 2. Brazil Cardiovascular Needle Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
Table 3. Brazil Cardiovascular Needle Market, by Usage – Revenue and Forecast to 2028 (USD Thousands)
Table 4. Brazil Cardiovascular Needle Market, by End User– Revenue and Forecast to 2028 (USD Thousands)
Table 5. Argentina Cardiovascular Needle Market, by Type – Revenue and Forecast to 2028 (USD Thousands)
Table 6. Argentina Cardiovascular Needle Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
Table 7. Argentina Cardiovascular Needle Market, by Usage – Revenue and Forecast to 2028 (USD Thousands)
Table 8. Argentina Cardiovascular Needle Market, by End User– Revenue and Forecast to 2028 (USD Thousands)
Table 9. Rest of South and Central America Cardiovascular Needle Market, by Type – Revenue and Forecast to 2028 (USD Thousands)
Table 10. Rest of South and Central America Cardiovascular Needle Market, by Application – Revenue and Forecast to 2028 (USD Thousands)
Table 11. Rest of South and Central America Cardiovascular Needle Market, by Usage – Revenue and Forecast to 2028 (USD Thousands)
Table 12. Rest of South and Central America 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. South and Central America Cardiovascular Needle Market Overview
Figure 3. Round-Bodied Needles Segment Held Largest Share of Type in Cardiovascular Needle Market
Figure 4. Brazil is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Cardiovascular Needle Market - South and Central America PEST Analysis
Figure 6. Cardiovascular Needle Market Impact Analysis of Driver and Restraints
Figure 7. South and Central 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. South and Central America: Cardiovascular Needle Market, by Key Country – Revenue (2021) (USD Thousands)
Figure 22. South and Central America: Cardiovascular Needle Market, by Country, 2021 & 2028 (%)
Figure 23. Brazil: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
Figure 24. Argentina: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
Figure 25. Rest of South and Central America: Cardiovascular Needle Market– Revenue and Forecast to 2028 (USD Thousands)
Figure 26. Impact of COVID-19 Pandemic in South and Central 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 South and Central America cardiovascular needle market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South and Central 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