Interventional Cardiology Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Interventional Cardiology Devices Market By product type (Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloons, Percutaneous Transluminal Coronary, Angioplasty (PTCA) Guide Wires, Stents, Catheters, Inferior Vena Cava (IVC) Filters, Intravascular Ultrasound Systems, Left Atrial Appendage (LAA) Devices and Others), by disease type (Congestive Heart Disease, Percutaneous Valve Replacement, Percutaneous Valve Repair, Coronary Thrombectomy, Others), by end user (Hospitals, Clinics, Cardiac Catheterization Labs, Ambulatory Surgical Centres) and region

 

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Report

Description

The global interventional cardiology devices market size is expected to reach USD 21.4 billion by 2027 from USD 12.9 billion in 2021, at a CAGR of 8.9% during the forecast period. Interventional cardiology deals with the treatment of various heart diseases by using intravascular catheter-based techniques. Interventional cardiology devices are commonly used in the treatment of coronary artery disease, conventional artery disease, and aneurysm. In this technique, catheter is inserted into any large peripheral artery or vein with the help of fluoroscopy by catheter whole procedure. Interventional cardiology provides controlled bleeding and fast recovery within a short period of time and reduce the complications for patients. The most commonly used interventional cardiology devices include balloon-inflation devices, coronary stents, and cutting balloon catheters among others. Increase in the incidence rate of various cardiovascular diseases, a rise in preference for minimally invasive procedures, growing clinical trials for the novel interventional cardiology devices, and technological advancements of devices are anticipated to fuel the interventional cardiology devices market over the forecast period. Moreover, favourable reimbursement policies for the devices, lifestyle changes, and rise in product launchings might bolster the market. However, stringent regulatory policies, product recall, high cost for the manufacturing of interventional cardiology devices & treatments, and lack of skilled professionals are expected to dampen the market over the forecast period.

Interventional Cardiology Devices Market

MARKET SUMMARY
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8.9%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 8.9%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Interventional Cardiology Devices Market

  • The report on global interventional cardiology devices market gives historical, current, and future market sizes (US$ Bn) on the basis of product type, by disease type, by end user and geography.
  • interventional cardiology devices market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Abbott Laboratories (U.S.),
  • Argon Medical Devices, Inc. (U.S.),
  • B. Braun Melsungen AG (Germany),
  • Boston Scientific Corporation (U.S.),
  • C.R. Bard, Inc. (U.S.),
  • Cardinal Health, Inc. (U.S.),
  • Medtronic, Plc. (Republic of Ireland),
  • Merit Medical Systems, Inc. (U.S.),
  • Terumo Corporation (Japan),
  • iVascular (Spain)
  • Venus Medtech
Growth

Interventional Cardiology Devices Market

Interventional cardiology devices market is growing at a significant CAGR owing to rise in demand for minimally invasive procedures and increase in the prevalence of various cardiac diseases around the globe. According to World Health Organization, approximately 17.3 Mn people died from CVDs in 2008 which is anticipated to reach 23.6 Mn by 2030. Most of the international players are focusing on innovation of novel products with minimally invasive procedures which are expected to upsurge the revenue of interventional cardiology devices market. Moreover, acquisitions & mergers, collaborations, product approvals and launching, and patent filings are the strategies followed by the companies for dominating the interventional cardiology devices market. For instance, in February 2017, Merit Medical Systems acquired interventional cardiology devices from the Argon Medical Devices and Catheter Connections, Inc. for strengthening its interventional cardiology devices portfolio. In addition, in January 2016, in Europe, Svelte Medical Systems launched Slender a sirolimus-eluting coronary stent system used as interventional cardiology device.


North-America got significant share

Interventional Cardiology Devices Market

Geographically, Market is segmented into North America, Asia Pacific, Middle East and Africa, Latin America, and Europe. North America Interventional cardiology devices market exhibiting lucrative growth due to increase in the incidence of various cardiovascular diseases (according to Centres for Disease Control and Prevention 2016, approximately 40,000 children born with congestive heart diseases in U.S.), a rise in healthcare expenditure, and rise in R&D activities for the innovation of novel devices. In Europe, higher prevalence of cardiovascular diseases majorly in Bulgaria, Germany, Hungary, Sweden, UK, and France drives the interventional cardiology market in the region. Furthermore, high adoption of technologically advanced devices, rising CE mark approval for various interventional cardiology devices, and rise in demand for minimally invasive procedures are bolstering the interventional cardiology devices market in Europe region. However, Asia Pacific expected show significant growth due to growing incidence cardiovascular diseases majorly in India and China and rise in per capita income.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In May 2017, Boston Scientific acquired Symetis for expanding the interventional cardiology devices business segment outside the U.S.
  • In January 2017, Abbott Acquired the St.Jude Medical, Inc. for the diversification of product portfolio including interventional cardiology devices
  • In April 2017, China Food and Drug Administration approved Venus Medtech Inc.’s trans-catheter aortic valve implantation device in China

Key

Key Features of the Report

Interventional Cardiology Devices Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Description

The global interventional cardiology devices market size is expected to reach USD 21.4 billion by 2027 from USD 12.9 billion in 2021, at a CAGR of 8.9% during the forecast period. Interventional cardiology deals with the treatment of various heart diseases by using intravascular catheter-based techniques. Interventional cardiology devices are commonly used in the treatment of coronary artery disease, conventional artery disease, and aneurysm. In this technique, catheter is inserted into any large peripheral artery or vein with the help of fluoroscopy by catheter whole procedure. Interventional cardiology provides controlled bleeding and fast recovery within a short period of time and reduce the complications for patients. The most commonly used interventional cardiology devices include balloon-inflation devices, coronary stents, and cutting balloon catheters among others. Increase in the incidence rate of various cardiovascular diseases, a rise in preference for minimally invasive procedures, growing clinical trials for the novel interventional cardiology devices, and technological advancements of devices are anticipated to fuel the interventional cardiology devices market over the forecast period. Moreover, favourable reimbursement policies for the devices, lifestyle changes, and rise in product launchings might bolster the market. However, stringent regulatory policies, product recall, high cost for the manufacturing of interventional cardiology devices & treatments, and lack of skilled professionals are expected to dampen the market over the forecast period.

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