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The US market for cardiac surgery instruments, estimated to be worth USD 912 million in 2023, is expected to grow significantly between 2024 and 2030, with a compound annual growth rate of 5.19%, eventually approaching USD 1300 million. An extensive analysis of the market is given in a report by MMR, which painstakingly looks at its history, major developments, ground-breaking discoveries, and the forces that are propelling it forward. The report explores the current state of affairs and provides accurate insights into the market's size, growth patterns, and significant trends. It deliberately draws attention to the elements driving market expansion and sheds light on new prospects in the exciting industry.
US Cardiac Surgery Instruments Market Scope and Research Methodology
The market study of the US Cardiac Surgery Instruments Industry provides a thorough analysis of competition, encompassing market share and company profiles of major global competitors. The research scope includes a comprehensive examination of the US Cardiac Surgery Instruments Market and an exploration of factors contributing to industry growth variations across different regions.
Following the completion of market engineering, which involved computations of market statistics, size estimations, forecasts, breakdowns, and data triangulation, extensive primary research was conducted to gather, verify, and validate crucial information. Top-down and bottom-up tactics, along with various data triangulation methods, were employed in market estimating and forecasting for overall market segments and sub-segments. The market engineering process involved extensive qualitative and quantitative analysis of all acquired data to provide essential insights throughout the report.
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US Cardiac Surgery Instruments Market Segmentation:
Based on Type, the Forceps segment held the largest market share of about 40% in the US Cardiac Surgery Instruments Market in 2023. According to the MMR analysis, the segment is expected to grow at a CAGR of 5.20% during the forecast period. It stands out as the dominant segment within the US Cardiac Surgery Instruments Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.
by Type
Forceps
Vascular Forceps
Grasping Forceps
Other Forceps
Needle Holders
Scissors
Clamps
by Application
Coronary Artery Bypass Graft (CABG)
Heart Valve Surgery
Paediatric Cardiac Surgery
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US Cardiac Surgery Instruments Market Key Players:
1. Medtronic
2. Edwards Lifesciences
3. Terumo Company
4. B. Braun Melsungen AG
5. Boston Scientific Corporation
6. Snares
7. forceps
8. Abbott Laboratories
9. LivaNova
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