What is Cardiovascular Proximal Anastomosis Devices Market?
Cardiovascular Proximal Anastomosis Device is used for proximal anastomosis on ascending aorta in Off-Pump Coronary Artery Bypass Grafting. Coronary artery disease is the focal narrowing in the vascular endothelium, and this leads to a decrease in the flow of blood to the myocardium. In today’s times, advanced technologies and innovative devices are increasingly adopted to perform less painful surgeries and reduce mortality rates and blood leaks.
The market study is being classified, by Application (Hospitals, Surgery Centers, Clinics and Others) and major geographies with country level break-up.
Vascular Grafts Solutions (Israel) and Medtronic (Ireland) are some of the key players profiled in the study.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cardiovascular Proximal Anastomosis Devices market by Type, Application and Region.
On the basis of geography, the market of Cardiovascular Proximal Anastomosis Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Cardiovascular Diseases across the Globe Due to Change in Lifestyle and Addictions
Market Trend
- Growing Technological Advancements and Innovations for More Convenient and Less Painful Surgeries
Restraints
- Slow Adoption of Cardiovascular Proximal Anastomosis Devices in Under Developed Countries Due to High Cost of Devices and Lack of Fund
Opportunities
- Rapidly Growing Healthcare Sector and Development of Multispecialty Hospitals
Challenges
- Challenge of Distinguishing Device-Related Safety Issues
In March 2021, Vascular Grafts Solutions announced the receipt of marketing clearance from the FDA for its new device VIOLA, for clampless proximal anastomosis in coronary artery bypass grafting. It is a new generation of clampless proximal anastomosis systems that combines a standard punching mechanism with optimal sealing during anastomosis construction. The new device allows surgeons to minimize aortic manipulations during proximal anastomosis suturing that can lead to neurologic complications.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cardiovascular Proximal Anastomosis Devices Manufacturers, Suppliers and Distributors of Cardiovascular Proximal Anastomosis Devices, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others