A video-guided pericardial access device is medical equipment that helps safe penetration into the pericardium space, which is essentially the space that contains the pericardium, a sac around the heart that protects it by lubricating the heart walls. Video-guided pericardium access device assists pericardium walls navigation during surgery in case of pericardial heart disease or pericarditis. The device is connected with image-guided equipment via a computer that helps in visualization beyond the line of sight.
The devices use advanced magnetic waves and help technicians in the placement of devices precisely and accurately. The cost-effectiveness and target specificity of these devices are factors propelling the growth of the video-guided pericardial access device market. The increasing demand for minimally invasive procedures over the traditional open-heart surgeries is also propelling the pericardial access device market demand.
Video-Guided Pericardial Access Device Market Dynamics
The rising prevalence of chronic pericardium disease is the primary factor driving the growth of the video-guided pericardial access device market. Moreover, the adoption of minimally invasive procedures is a factor leading to the growth of the video-guided pericardial access device market. According to a survey by the American Heart Association, the rising geriatric population is more susceptible to cardiac diseases, adding growth avenues to the video-guided pericardial access device market. Rising awareness about cardia health and hygiene may surge the demand for video-guided pericardial access devices. However, limited healthcare infrastructure and lack of skilled personnel may restrict video-guided pericardial access device market growth in developing economies.
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The video-guided pericardial access device is majorly dominated by pericardial effusion, among other applications. Cases of cardiac surgeries are increasing with the rising prevalence of chronic diseases. This will help increase demand for video-guided pericardial access devices, which are cost-effective and time-saving. Furthermore, the increasing adoption of video-guided pericardium access for the diagnosis of pericardium diseases will contribute to market growth. There are various video-guided pericardium access device types, and among these, cardiac magnetic resonance imaging is expected to capture the largest revenue due to extensive adoption by the developed nations. Hospitals use advanced technology medical devices for patient care, thus generating the largest revenue share in the video-guided pericardial access device market. Hospitals also reduce the cost of the procedures by being more efficient in reducing the number of visits.
Video- Guided Pericardial Access Device Market: Regional Outlook
North America is anticipated to register high revenue growth for the video-guided pericardial access device market due to an increased prevalence of pericarditis and wider adoption of minimally invasive cardiac procedures. The Europe video-guided pericardial access device market will follow North America in terms of revenue in the near future due to the availability of better hospital infrastructure in European countries. Asia Pacific region will show the significant demand for the video-guided pericardial access device due to the regional government initiative towards cardiac health. The Middle East and Africa are expected to be the least lucrative region for the video-guided pericardial access device market due to a smaller number of hospital infrastructure.
Video-Guided Pericardial Access Device Market: Key Players
Some of the market participants in the video-guided pericardial access device market are:
- GE Healthcare
- Siemens Healthcare
- Philips Healthcare
- Shimadzu Corporation
- Carestream Health
- Hitachi Medical Corporation
- Ziacom medical
Impact of COVID 19 on Video-Guided Pericardial Access Device Market:
The COVID-19 outbreak has had an apparent impact on many aspects of business, and the healthcare sector has been the most affected by the crisis. The World Health Organization has declared COVID-19 to be a global pandemic, and the healthcare industry has to undertake a number of emergency steps to help the general public face the deadly disease. While hospitals and clinics have been filled to capacity, trying to help ailing patients, most patients have been told to avoid healthcare institutions if not faced with the utter emergency as hospitals are highly contagious as the pandemic rages on. The coronavirus has been known to affect some individuals quite severely, leading to the need for surgery. The Video- guided pericardial access device Market is expected to forge new growth opportunities in the backdrop of the crisis as such devices are quite critical during cardiac surgeries.
Regional analysis includes
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, present, and projected market size in terms of volume and value
- Recent market trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Segments, sub-segments, geographical regions exhibiting promising growth
- Neutral perspective on market performance
Video- Guided Pericardial Access Device Market: Segmentation
This report shows the revenue growth at a global, regional & country level to provide an analysis of the market trends in each segment and sub-segment from 2023 to 2032. For this study has segmented the video-guided pericardial access device market based on device type, application, end-user, and region.
- Pericardial effusion
- Delayed pericarditis
- Effusive-constrictive pericarditis
- Video-guided thoracoscopic surgery
- Cardiac magnetic resonance imaging
- Ambulatory Surgical Centers
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