New York, Global Interventional Cardiology Devices Market was valued at USD 13.8 billion in 2021 and it is anticipated to grow further to USD 40.4 billion by 2031, at a CAGR of 11.3% during the forecast period.
The global interventional cardiology devices market report from Global Insight Services is the single authoritative source of intelligence on Interventional Cardiology Devices Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Catheters are used in interventional cardiology to treat heart conditions. The procedure involves introducing a device, such as a balloon, stent, catheter, or another device, into the femoral artery or any other significant peripheral artery or vein, followed by the cannulation of the heart with the use of an X-ray. Additionally, a range of interventional cardiology tools is used to treat peripheral vascular issues that have an impact on the circulatory system and can result in the buildup of plaque in the arteries of the limbs. Some of the commercially available interventional cardiology devices include catheters, balloons, stents, and filters.
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Market Trends and Drivers
The most prevalent form of heart disease in the US, coronary artery disease (CAD), claimed 365,914 lives in 2017, according to the Centers for Disease Control and Prevention (CDC). Additionally, according to the CDC’s estimations, 18.2 million Americans over the age of 20 currently have CAD. The British Heart Foundation estimates that 2.3 million persons in the UK had CAD as of June 2020. In the UK, heart and circulatory illnesses cause 170,000 deaths annually. The need for interventional cardiology devices is anticipated to rise in the upcoming years due to the enormous patient population and the high mortality rate.
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Global Interventional Cardiology Devices Market Segmental Overview
The report analyses the global interventional cardiology devices market based on the type, end user, and region.
Global Interventional Cardiology Devices Market by Type
Based on the type, it is segmented into Inferior Angioplasty Balloons, Angioplasty Stents, Structural Heart Devices, Catheters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices, Other Devices. The angioplasty balloons segment is anticipated to dominate the market during the forecast period. The key factors such as increasing demand for minimally invasive procedures coupled with the high prevalence of cardiovascular diseases are propelling the growth of the market.
Global Interventional Cardiology Devices Market by End User
Based on the end user, it is segmented into hospitals, ambulatory surgical centers, and others. The hospital segment is likely to dominate the market during the forecast period. Positive market effects result from rising public awareness of various medical therapies. Additionally, one of the main market possibilities for interventional cardiology equipment is the development of healthcare infrastructure in developing nations.
Geographical Analysis of the Global Interventional Cardiology Devices Market
Region-wise it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America accounted for the largest share of the interventional cardiology devices market. The large share of the market is primarily attributed to factors such as the increasing prevalence of diabetes coupled with rising aging population, availability of reimbursement, and the presence of all key players.
Major Players in the Global Interventional Cardiology Devices Market
The key players studied in the report are Medtronic (Ireland), Boston Scientific Corporation (US), Abbott (US), Edward Lifesciences Corporation (US), Cardinal Health (US), iVascular (Spain), B. Braun Melsungen (Germany), Terumo Corporation (Japan), Biosensors International Group (Singapore), and BIOTRONIK SE & Co. KG (Germany) among others.
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