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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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 Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.9%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Interventional Cardiology Devices Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Interventional Cardiology Devices Market Segmentation

By Product Type
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

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

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