According to a World Health Organization factsheet, 17.5 million people worldwide die each year as a result of cardiovascular diseases. This accounts for nearly 31% of all yearly deaths. A large proportion of these deaths occur in low- and middle-income countries and are primarily the result of strokes or heart attacks.
Such ominous statistics are the primary driver of the global cardiovascular surgical devices market’s expansion. Cardiovascular surgery is used to treat heart tissue defects by replacing blocked heart valves or grafting or replacing damaged heart tissue.
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Crucial information and forecast statistics covered in the Cardiovascular Surgical Devices market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Cardiovascular Surgical Devices Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Cardiovascular Surgical Devices Market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Cardiovascular Surgical Devices market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Cardiovascular Surgical Devices market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Cardiovascular Surgical Devices Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Cardiovascular Surgical Devices market. Competitive information detailed in the Cardiovascular Surgical Devices market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Cardiovascular Surgical Devices market report.
Key players covered in the report include:
Abbott Cardiovascular, Biosensors International, Bioventrix Inc, Cordis Corp and Terumo Cardiovascular Systems
Important Questions Answered in the Cardiovascular Surgical Devices Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Cardiovascular Surgical Devices market been expanding during the forecast period?
- How will the global Cardiovascular Surgical Devices market look like by the end of the forecast period?
- What innovative strategies are adopted by Cardiovascular Surgical Devices market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Cardiovascular Surgical Devices market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Cardiovascular Surgical Devices market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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