Kenya Cardiac Surgery Instruments Market Analysis

Kenya Cardiac Surgery Instruments Market Analysis

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The Kenya Cardiac Surgery Instruments Market is expected to witness growth from $1 Mn in 2022 to $3 Mn in 2030 with a CAGR of 7.70% for the forecasted year 2022-2030. The market for cardiac surgery instruments is expanding in Kenya as there is a rising demand for minimally invasive treatments. The market is segmented by type, application and by end user. Some key players in this market include Apicalmed, Asterisk, LivaNova, B. Braun, Medline Industries, KLS Martin, and STILLE.

ID: IN10KEMD004 CATEGORY: Medical Devices GEOGRAPHY: Kenya AUTHOR: Jigyasu Bhandari

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Kenya Cardiac Surgery Instruments Healthcare Market Executive Analysis

The Kenya Cardiac Surgery Instruments Market size is at around $1 Mn in 2022 and is projected to reach $3 Mn in 2030, exhibiting a CAGR of 7.70% during the forecast period. Kenya's overall health expenses increased from $3,188 Mn in 2016 to $3,476 Mn in 2021. Kenya spent 6.3% of its GDP on health in 2021 compared to 6.8% in 2014. Out-of-pocket expenses made up 23.25% of Kenya's total current health spending in 2021. Out-of-pocket expenses decreased steadily from 36.25% in 2015 to 23.25% in 2021 as a share of Kenya's current health expenditures.

In Kenya, instruments used in cardiac surgery are specialist medical devices that are used to reach, visualize, manipulate, and repair the heart and blood vessels. Due to their ability to help surgeons carry out intricate operations with accuracy and precision, these tools are crucial in cardiac surgery. During coronary artery bypass grafting operations, cardiac surgery tools are used to reroute blood around heart arteries that are blocked or constricted. Severe coronary artery disease is being treated with this procedure. Instruments used in cardiac surgery are used during operations to replace or repair damaged heart valves. The damaged valve is taken out and a prosthetic valve is put in its position using these tools. During heart transplant operations, cardiac surgery tools are used to remove the sick heart and replace it with a healthy donor heart. The primary artery that transports blood from the heart to the rest of the body, the aorta, is repaired or replaced during aortic surgery operations using tools from cardiac surgery. Cardiac surgery tools are made to give surgeons the precision and accuracy they need to perform operations with less chance of complications and better patient outcomes.  It has been demonstrated that using cardiac surgery tools can shorten operating times, which can result in quicker healing and shorter hospital stays. Instruments used in cardiac surgery are sterilized before use to lower the chance of infection during operations.  By lowering the chance of complications and increasing the success rate of surgical operations, the use of cardiac surgery instruments has been demonstrated to improve patient outcomes.

Kenya Cardiac Surgery Instruments Market Analysis

Market Dynamics

Market Growth Drivers

The market for cardiac surgery instruments is expanding in Kenya as there is a rising demand for minimally invasive treatments. These treatments are becoming more and more well-liked among patients because they are less invasive, carry fewer risks, and require less time for recovery. Kenya's high-quality healthcare services at reasonable prices have made it a famous destination for medical tourism. More patients are seeking advanced and specialized surgical procedures, which is pushing the demand for cardiac surgery instruments. The market for instruments used in cardiac surgery is expanding as a result of Kenya's growing investment in its healthcare facilities. Government spending on new hospital and clinic buildings creates a ready market for cardiac surgery equipment. The development of novel and cutting-edge instruments for cardiac surgery is propelling the market's expansion. Manufacturers are investing in R&D to create novel, innovative goods that are safer, more efficient, and result in improved patient outcomes.

Market Restraints

Patients and healthcare professionals in Kenya might not be fully conscious of the advantages and accessibility of cutting-edge cardiac surgery equipment. This might prevent these tools from being widely used, especially in remote and underdeveloped regions. Costly cardiac surgery instruments can be a significant barrier for manufacturers in Kenya's healthcare market. The expensive price of these instruments may prevent some patients, especially those with limited financial resources, from using them, and it may also limit the market from expanding.

Competitive Landscape

Key Players

  • Apicalmed (KE)
  • Asterisk (KE)
  • LivaNova
  • B. Braun
  • KLS Martin
  • Medline Industries

Healthcare Policies and Regulatory Landscape

The Medical Devices Regulations, 2017, which govern the licensure, importation, and distribution of medical devices in Kenya, include equipment used in cardiac surgery. The regulations also create the Medical Devices Authority (MDA), which is in charge of carrying out and enforcing the regulations. Making and maintaining standards for medical equipment, including tools used in cardiac surgery, in Kenya is the responsibility of the Kenya Bureau of Standards (KEBS). Before being sold or distributed in the nation, all medical devices must satisfy KEBS requirements. The 2017 Health Act lays the groundwork for the provision of healthcare services in Kenya. The Health Products Regulatory Authority (HPRA), which is in charge of supervising the control of medical devices including the instruments used in cardiac surgery, is also established by the Act.

1. Report Description of the Kenya Cardiac Surgery Instruments Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Kenya Cardiac Surgery Instruments Market Executive Summary
2.1 Kenya Cardiac Surgery Instruments Market – Industry Snapshot & key buying criteria, 2022-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Kenya Cardiac Surgery Instruments Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Kenya Cardiac Surgery Instruments Market Segmentation

4.1 By Product
4.1.1 Forceps
4.1.2 Vascular Forceps
4.1.3 Grasping Forceps
4.1.4 Other Forceps
4.1.5 Needle Holders
4.1.6 Scissors
4.1.7 Clamps
4.1.8 Other Cardiac Surgical Instruments

4.2 By Application
4.2.1 Coronary Artery Bypass Graft (CABG)
4.2.2 Heart Valve Surgery
4.2.3 Pediatric Cardiac Surgery
4.2.4 Other Applications

4.3 By End User
4.3.1 Hospitals and Cardiac Centers
4.3.2 Ambulatory Surgery Centers

5. Kenya Cardiac Surgery Instruments Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives     

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Kenya
8.2 Regulatory Framework in Kenya
8.3 Pricing & Reimbursement Scenario in Kenya Cardiac Surgery Instruments Market

9. Factors Driving Future Growth
9.1 New Trends and Development Kenya Cardiac Surgery Instruments Market
9.2 Future Opportunities

10. Strategic Recommendations

Cardiac Surgery Instruments Market Segmentation

By Type (Revenue, USD Billion):

The market is divided into segments in this study based on the goods, applications, end users, and geographical areas. The market is divided into forceps, scissors, needle holders, clamps, and other cardiac surgery instruments based on the product. In 2017 the forceps category led the market, and it is anticipated that it will increase at the fastest rate going forward. The rise in heart surgeries and the frequent usage of forceps in most cardiac procedures are credited with the segment's strong growth.

  • Forceps
  • Vascular Forceps
  • Grasping Forceps
  • Other Forceps
  • Needle Holders
  • Scissors
  • Clamps
  • Other Cardiac Surgical Instruments

By Application (Revenue, USD Billion):

The market is further segmented by application into paediatric cardiac surgery, heart valve surgery, coronary artery bypass graft (CABG), and other applications. The Kenya market's largest and fastest-growing application segment is CABG. This is mostly explained by the increased prevalence of heart illnesses and the consequent rise in surgical treatments. The second-largest category is heart valve surgery.

  • Coronary Artery Bypass Graft (CABG)
  • Heart Valve Surgery
  • Pediatric Cardiac Surgery
  • Other Applications

By End User (Revenue, USD Billion):

Based on the end user, the market is segmented into hospitals and cardiac centers, and ambulatory surgery centers. The hospitals and cardiac centers segment is expected to dominate the market for cardiac surgery instruments. Growth in this end-user segment can be attributed to the increasing incidence of cardiac and heart valve diseases and the subsequent increase in the number of cardiac surgery procedures.

  • Hospitals and Cardiac Centers
  • Ambulatory Surgery Centers

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 30 March 2023

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