Key Players in the Cardiac Surgery Instruments Market Pursue Partnerships, Agreements, Acquisition, and Expansion as Important Growth Strategies
Prominent players in the cardiac surgery instruments market include Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Teleflex Incorporated (U.S.), Medline Industries, Inc. (U.S.), KLS Martin Group (U.S.), Stille (Sweden), Sklar Surgical Instruments (U.S.), Symmetry Surgical Inc. (U.S.), Delacroix-Chevalier (France), Wexler Surgical (U.S.), Surgins (U.K.), Surtex Instruments Ltd. (U.K.), Cardivon Surgical Inc. (China), Rumex International Corporation (U.S.), and Scanlan International (U.S.).
Becton, Dickinson, and Company have a strong geographic presence in over 190 countries and generates significant revenue from emerging nations. The company focuses on delivering innovative new product solutions while making appropriate R&D investment. To increase revenue growth, the company focuses on their core products, services, and solutions that deliver greater benefits to patients and healthcare workers. Moreover, the company invested USD 828 million, USD 632 million, and USD 550 million in R&D in 2016, 2015, and 2014 respectively. The acquisition of CareFusion Corporation in March 2015 and Surgical Site Solutions, Inc. (U.S.) in February 2015 helped the company strengthen its surgical instruments product offerings and enhance its market presence.
B. Braun Melsungen AG (Germany) is also among the leading players in the market. The company is known for its robust product portfolio and strong geographic presence. The company focuses on product launches to enhance its product portfolio and maintain its presence in the global market.
Companies are focusing on adopting organic and inorganic growth strategies such as partnerships, agreements, acquisition, and expansion. These strategies help market players strengthen their product offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market.
The overall growth strategies mapped from 2014 to 2017 include partnerships, agreements, collaboration, acquisition, and expansion. Acquisitions were the key strategies adopted by industry players to achieve growth in the market.
Related Reports:
Cardiac Surgery Instruments Market by Product (Clamps, Forceps, Scalpel, Scissors, Needle Holder), Application (Coronary Artery Bypass Graft, Heart Valve Surgery, Pediatric Surgery, Heart Transplant), & End User (Hospital, ASC) - Global Forecast to 2022
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