North America to Dominate the Cardiac Surgery Instruments Market
Major factors driving the growth of this market include growing prevalence of cardiac conditions and the subsequent increase in the number of surgical procedures, rising geriatric population, and growing investments, funds, and grants by government bodies worldwide. However, adoption of alternative surgical methods and lack of Medicare payments may restrain the growth of this market. The overall cardiac surgery instruments market is expected to reach $1.63 Billion by 2022 from $1.16 Billion in 2017 at a CAGR of 7.1%. North America dominated the global cardiac surgery instruments market in 2017, with the U.S. accounting for a major share of this regional market. Factors such as high incidence of cardiac diseases, rising awareness programs and increased funding for research projects are likely to drive the growth of the North American market. Followed by North America, Europe dominated the global market in 2017. The European market is mainly driven by increasing adoption...