Interventional Cardiology Market Overview

Cardiac disorder remains one of the significant reasons behind the soaring number of deaths worldwide. The World Health Organization reveals that annually, CVDs or cardiovascular diseases claim around 17.9 million lives across the globe. Surging cases of arrhythmias as well as heart failures have fostered the demand for highly advanced interventional cardiology devices.  A prominent trend rapidly emerging in the global market include the augmented preference for bioresorbable stents in the healthcare industry.

Cardiac disorder remains one of the significant reasons behind the soaring number of deaths worldwide. The World Health Organization reveals that annually, CVDs or cardiovascular diseases claim around 17.9 million lives across the globe. Surging cases of arrhythmias as well as heart failures have fostered the demand for highly advanced interventional cardiology devices.  A prominent trend rapidly emerging in the global Interventional Cardiology Market include the augmented preference for bioresorbable stents in the healthcare industry.

The interventional cardiology market is projected to grow at a CAGR of 3.67% during the forecast period 2022 to 2030. As per the interventional cardiology market research report, the global market for interventional cardiology is projected to grow swiftly by USD 15.13 billion by 2030. According to analysts, growing preference for minimally invasive procedures  as well as favorable reimbursement scenarios in developed countries will drive the market growth during the forecast period. The interventional cardiology market research report offers a comprehensive analysis of the global interventional cardiology market and its  end-users and product type segments. The product recalls along with risk of bloodstream infections are the elements that could influence the interventional cardiology market advancement throughout the forecast period. The interventional cardiology market research report by expert analysts is developed to assist organizations in the interventional cardiology market.Increasing life expectancy along with frequent technological advances will ensure that interventional cardiology notes sustained demand throughout the review timeframe. Factors including rising prevalence of unhealthy lifestyle, innovations in cardiac devices, mounting awareness and the accelerated number of healthcare programs should further enhance the market size. Underdeveloped regions have vast unmet medical requirements, which can be a striking opportunity for global manufacturers in the market. Favorable insurance scenario encourages patients to opt for treatment, especially in countries like Canada, US, and the UK, and could be favorable for the worldwide industry in subsequent years.

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Interventional Cardiology Market Players

Terumo Corporation (Japan), L. Gore & Associates, Inc. (US), ACIST Medical Systems, Inc. (US), BD (US), Biosense Webster, Inc (US), Edwards Lifesciences Corporation (US), ABIOMED (US), Boston Scientific Corporation (US), Cook Medical (US), Koninklijke Philips N.V. (Netherlands), Abbott (US), Life Vascular Devices Biotech S.L. (Spain), Medtronic (Ireland), Merit Medical Systems, Inc (US), GE Healthcare (US), Biotronik SE & Co. KG (Germany), Braun Melsungen AG (Germany), Cardinal Health (US) are identified as the top firms in the interventional cardiology industry.

Interventional Cardiology Market Regional Analysis

Based on the region, the global interventional cardiology market report covers the recent trends and growth opportunities across Europe, the Americas, the Asia Pacific (APAC), and the Middle East & Africa (RoW). Of these, the Americas will spearhead the market over the forecast period for the rising prevalence of coronary diseases in the region. Besides, the presence of top market players is also adding market growth.

The interventional cardiology market in Europe is predicted to possess the second-largest share over the forecast period for the rising number of hospitalizations for cerebral angioplasty and carotid artery angioplasty.

The interventional cardiology market in the APAC region is predicted to grow at a fast pace over the forecast period for an increasing number of collaborations and partnerships, rising number of setups of R&D centers, robust marketing initiatives undertaken by the manufacturers, and consumers helping to increase the target audience.

The interventional cardiology market in the MEA is predicted to hold the smallest share over the forecast period yet is likely to grow owing to the focus of industry players on untapped regions.

Interventional Cardiology Market Segmentation

  • The global interventional cardiology market has been segmented based on end-users and product type. On the basis of end-users , the market for interventional cardiology is segmented based on stents (bare metal stents, bioresorbable vascular scaffolds, and drug-eluting stents), percutaneous transluminal coronary angioplasty (ptca) catheters (balloon catheters and guiding catheters), accessories, coronary guidewires, and plaque modification devices. Additionally, the market on the basis of product type, is segmented into ambulatory surgical centers, cardiac catheterization laboratories, hospitals, and others.
  • Major elements such as high cost involvement could obstruct the interventional cardiology market growth. However, according to the interventional cardiology market research report, support by government organizations along with a rise in the incidence rates of cardiac diseases will propel growth throughout the forecast period 2019 to 2025. The interventional cardiology market is set to register growth at a high CAGR owing to these key factors. The exploration of end-users and product type segments along with regional markets has been given in the global interventional cardiology market research report. The research analysts studying the interventional cardiology market have put out market forecasts in the interventional cardiology market research report in order to support interventional cardiology market-based companies. The interventional cardiology market research report provides an extensive understanding of the interventional cardiology market based on the information and forecasts till 2025.

 

 

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