Cardiovascular Repair And Reconstruction Devices Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Apr 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Cardiovascular Repair And Reconstruction Devices market size is expected to be worth around US$ 5,481.5 million by 2030, according to a new report by Vision Research Reports.

The global Cardiovascular Repair And Reconstruction Devices market size was valued at US$ 3,831.1 million in 2020 and is anticipated to grow at a CAGR of 15.2% during forecast period 2021 to 2030.

Growth Factors

Increase in the prevalence of Congenital Heart Defects (CHDs) and the availability of technologically advanced cardiovascular valves, grafts, and patches are among the key factors expected to drive growth over the forecast period.

Various initiatives by government organizations for the management of cardiovascular diseases is also expected to drive growth. For instance, the American Heart Association funds research projects pertaining to CVD. It has funded some breakthrough projects in cardiology, such as techniques & standards for Cardiopulmonary Resuscitation (CPR), the first artificial heart valve, cholesterol inhibitors, implantable pacemakers, drug-eluting stents, and microsurgery. The foundation has funded more than USD 4 billion in the research projects since 1949.

Increase in the demand for effective therapies that reduce the incidence of adverse cardiac remodeling and help in regeneration or replacement of the myocardial tissues that get damaged during ischemic events is also anticipated to boost the cardiovascular repair and reconstruction devices market over the forecast period. Incidence of various CVD, such as heart attacks, stroke, and cardiac arrest, is rising owing to several risk factors such as changes in lifestyle, smoking, alcohol consumption, physical inactivity, improper nutrition, and obesity. According to the American Heart Association, cardiovascular diseases accounted for about one in three deaths in the U.S. The medical cost of CHD is anticipated to increase by nearly 100% between 2013 to 2030. These factors are expected to boost growth over the forecast period.

Technological advancements in the fields of material sciences, interventional cardiology, and cryopreservation are also expected to drive the cardiovascular reconstruction devices market. The use of expanded PTFE for cardiovascular patches, the introduction of transcatheter heart valves, and the development of minimally invasive technologies, such as transcatheter aortic valve implantation or transcatheter aortic valve replacement, are among few factors expected to boost growth over the forecast period. In addition, developments in cryopreservation techniques by key players such as CryoLife are among major technological advancements in cardiovascular therapies that are predicted to positively influence the market.

Report Highlights

 the cardiovascular grafts segment held the maximum market share owing to an increase in the adoption of grafts in surgeries. Applications of these products in pediatric surgeries are increasing owing to a rise in the prevalence of CHDs, such as atrial septal defect, ventricular septal defect, and double-outlet ventricles, among others. Moreover, within this segment, endovascular stent grafts emerged as the largest sub-segment owing to an increase in their usage in vascular surgeries, especially for the treatment of thoracic and abdominal aortic aneurysms.

 the heart valve repair segment held approximately 12% of the global market. Generally, the objective of heart valve surgeries is to cure heart diseases and extend life by restoring the function of the heart valve. Repairing the valve and retaining a person’s heart tissue is usually recommended. Some of the valve repair surgery devices are enCorSQ Mitral Valve Repair System by MiCardia Corporation and Edwards Sapien TAVR for aortic and mitral valve defects.

The cardiovascular patches segment is expected to be the fastest growing with a CAGR of 6.4% over the forecast period. Reduction in the adverse effects of technologically advanced xenogenicpericardial patches is among the key factors expected to drive the market. These devices are used in various applications, such as tissue repair procedures, vascular repair & reconstruction, and dural repair.

North America dominated the global cardiovascular repair and reconstruction devices market. There is a high burden of cardiovascular diseases owing to the aging of the population and unhealthy lifestyle. High economic development and the presence of well-equipped research centers, hospitals, medical device manufacturers, and universities are some of the key factors boosting the development of new products and commercialization in this region. The presence of well-established reimbursement policies and sophisticated healthcare infrastructure are also expected to be among contributors for growth.

the U.S held over 40% of the total revenue share. The rate of occurrence of chronic conditions, such as arthritis, diabetes, cancer, and cardiovascular diseases is increasing. Some of the key drivers of this market are the availability of technologically advanced products in various fields, such as molecular chemistry, cell biology, & cardiovascular surgeries, and an increase in the prevalence of congenital heart diseases, such as ventricular septal defect & right ventricular outflow tract.

Asia Pacific is expected to witness the fastest growth over the forecast period. China, India, and other emerging economies in the region are at the forefront owing to their large population, aging population, high unmet healthcare needs, and changing lifestyle. Improvements in the healthcare infrastructure in the region is also contributing to the growth of the market. Moreover, the growing interest of global players in expanding to this region is also anticipated to contribute to market growth.

Key Players

Medtronic; Bard Peripheral Vascular; Terumo Cardiovascular Systems Corporation; W. L. Gore & Associates, Inc.; Getinge AB; CryoLife, Inc.; Edwards Lifesciences Corporation

Market Segmentation

  • Product Outlook 

    • Heart Valve Repair

    • Cardiovascular Grafts

      • Endovascular stent graft

      • Hemodialysis access graft

      • Peripheral vascular graft

    • Cardiovascular Patches

      • By Application

        • Cardiac repair patches

          • Atrial septal defect

          • Common atrium

          • Defects of the endocardial cushion

          • Ventricular septal defect

          • Tetralogy of Fallot

          • Suture bleeding

        • Vascular Repair Patches

          • Carotid endarterectomy

          • Anomalous connection of the pulmonary veins

          • Transportation of the great vessels

          • Reconstruction of the portal and superior mesenteric veins

          • Others

      • By Raw Material

        • Synthetic patches

        • Biological patches

The Cardiovascular Repair And Reconstruction Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Cardiovascular Repair And Reconstruction Devices market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Cardiovascular Repair And Reconstruction Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cardiovascular Repair And Reconstruction Devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cardiovascular Repair And Reconstruction Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Cardiovascular Repair And Reconstruction Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Cardiovascular Repair And Reconstruction Devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cardiovascular Repair And Reconstruction Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cardiovascular Repair And Reconstruction Devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cardiovascular Repair And Reconstruction Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Cardiovascular Repair And Reconstruction Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Cardiovascular Repair And Reconstruction Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cardiovascular Repair And Reconstruction Devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cardiovascular Repair And Reconstruction Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cardiovascular Repair And Reconstruction Devices market. These factors have benefited the growth of the global market for Cardiovascular Repair And Reconstruction Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cardiovascular Repair And Reconstruction Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Cardiovascular Repair And Reconstruction Devices are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.


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