The global Interventional Cardiology Market is expected to reach USD 26.92 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the increasing initiatives of the government to improve the healthcare infrastructure with advanced diagnostic solutions. The government has increased the allocation of healthcare budgetary in developing countries, and it has also introduced several reimbursement policies to encourage the adoption of technologically advanced interventional cardiology devices.
The awareness programs launched by the various non-profit organization, academic institutions, and government regarding the coronary heart diseases and technologically advanced diagnostic solutions is a major contributing factor for the development of the industry in the emerging economies. Increasing investments in the research and development by the manufacturers for the production of more enhanced, accurate, and cost-effective technology will drive the market growth of the product over the forecast period.
The pandemic has caused a shortage of essential life-saving devices and medical supplies. It has severely disrupted the supply chain and raw material supplies. In order to meet the growing demand for the medical supplies in between the pandemic, manufacturers have increased their production capacity. The manufacturers are adopting safety regulations and preventive measures without hampering the manufacturing process.
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Based on the competitive landscape, the market report analyses the key companies operating in the industry:
bbott Laboratories, Boston Scientific Corporation, Cordis Corporation, Medtronic Public Limited Company, Terumo Corporation, C.R. Bard, B. Braun, Ivascular, BIOTRONIK, and Biosensors, among others.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Interventional Cardiology market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Further key findings from the report suggest
- The Angioplasty stents dominated the market with a share of 40.3% in 2019 due to the innovation of technologically advanced stents such as bioabsorbable stents, which minimizes the artery blockages.
- The Hospital segment is expected to dominate the end user segment due to the development of the healthcare infrastructure with technologically advanced devices.
- North America accounted for the largest market share in the Interventional cardiology market in 2019 due to the increasing investments by the key manufacturers for product development and high healthcare expenditures.
- Asia-Pacific is expected to register the highest CAGR over the forecast period due to the increasing urban population in countries such as China and India getting affected by the growing incidence of cardiovascular diseases.
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Emergen Research has segmented the global Interventional Cardiology Market on the basis of Product, End User, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Catheters (Angiography Catheters, Guiding Catheters, IVUS Catheters)
- Angioplasty Balloons (Cutting Balloons, Normal Balloons, Drug-Eluting Balloons)
- Plaque Modification Devices
- Angioplasty Stents (Bioabsorbable stents, Drug-Eluting stents, Bare-Metal stents)
- Others (Guidewires, Balloon Inflation devices)
End User Outlook (Revenue, USD Billion; 2017-2027)
- Cardiac Catheterization labs
- Hospitals
- Ambulatory surgical centers
- Others
The study segments the Interventional Cardiology industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2020 – 2027 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Interventional Cardiology market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Interventional Cardiology market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Interventional Cardiology market.
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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