Interventional Cardiology Devices Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2025

INTERVENTIONAL CARDIOLOGY
DEVICES MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2017-2025
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REPORT DESCRIPTION
Interventional Cardiology Devices Market Overview
Interventional cardiology is the branch of cardiology that specifically deals with catheter based
treatment of heart diseases, such as congenital heart defect (CHD), coronary artery disease, and
aneurysm. This involves insertion of the catheter into femoral artery or any large peripheral
artery or vein and through catheter whole procedure is performed by using fluoroscopy.
Interventional cardiology has reduced the complications for patients as it provides, fast recovery,
short hospital stay, and controlled bleeding. There is constant development in interventional
cardiology devices, such as from bare metal stent to bio-absorbable stent. According to Centers
for Disease Control and Prevention, which provides information about various diseases, there
were around 40,000 children born with CHD in the U.S. in 2016. Interventional cardiology
devices include catheters, guide wire, stents, filters, and balloons.
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Interventional cardiology devices market taxonomy:
By Product Type
•
Stents
•
Catheters
•
Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloons
•
Intravascular Ultrasound System
•
Inferior Vena Cava (IVC) Filter
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REPORT DESCRIPTION
Increased prevalence of cardiovascular diseases is expected to fuel the growth of interventional
cardiology devices market
There is a continuous increase in geriatric population and obesity which is leading to the increase in
cardiovascular disease. For instance, as per United Nations report, there were around 901 million
people of age 60 and above in 2015 and it is expected to reach 1.4 billion by 2050. Advancement in
healthcare research, increasing patient awareness, and increase in the demand for minimal invasive
surgery raise the demand for interventional cardiology devices. Interventional cardiology devices help
interventional cardiologist to perform the procedure in short span of time, which reduces the risk and
complication. The increase in obesity, geriatric population and lifestyle changes leads to the increase in
coronary artery disease, for instance as per American Heart Association 2017 report, in the U.S. there
was around 360,000 death caused due to coronary artery disease. With the prevalence of lifestyle
diseases such as diabetes and hypertension has increased the cases of cardiovascular disorders.
Continuous technological advancement in interventional cardiology devices and development of new
systems with improved features such as new generation of drug eluting balloons and bio-absorbable
stents are expected to support the growth in interventional cardiology devices market. Initiative taken
by the Government to increase awareness about cardiovascular diseases and conduction of regular
medical checkup camps has boosted the growth of market. Major challenges faced by interventional
cardiology medical devices market is high manufacturing cost of these devices.
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REPORT DESCRIPTION
Developed regions support the growth of interventional cardiology devices market
Interventional cardiology devices market is segmented into various geographical regions such as North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America leads the
interventional cardiology devices market because of the large geriatric population and sedentary
lifestyle leading to cardiovascular disorders. According to Population Reference Bureau 2016, there
were around 40 million people of age 60 and above, and it is expected to reach 89 million by 2050 in
the U.S. Europe is closely following the North America in interventional cardiology devices market
followed by Asia Pacific. However, Asia Pacific is expected to expand significantly in near future
because of emerging economies such as India and China due to the increase in cardiovascular
diseases, increased healthcare expenditure, per capita income of individual and increase in geriatric
population, which is expected to support the growth of interventional cardiology devices market.
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Key players to support the interventional cardiology devices market
There are various players present across the globe contributing to the interventional cardiology
devices market. Some key players are Abbott, Terumo Medical Corporation, Boston Scientific
Corporation, Cardinal Health, Medtronic, Cook Medical and B. Braun Melsungen AG. In 2017,
Abbott acquired St Jude Medicals to increase the product pipeline, as St Jude Medicals are into
atrial fibrillation, structural heart, heart failure and chronic pain and Abbott are leading in coronary
inventions, which increase the market share and fuels the growth of interventional cardiology
devices market.
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Interventional cardiology is the branch of cardiology that specifically deals with catheter based treatment of heart diseases, such as congenital heart defect (CHD), coronary artery disease, and aneurysm. This involves insertion of the catheter into femoral artery or any large peripheral artery or vein and through catheter whole procedure is performed by using fluoroscopy. Interventional cardiology has reduced the complications for patients as it provides, fast recovery, short hospital stay, and controlled bleeding. There is constant development in interventional cardiology devices, such as from bare metal stent to bio-absorbable stent. According to Centers for Disease Control and Prevention, which provides information about various diseases, there were around 40,000 children born with CHD in the U.S. in 2016. Interventional cardiology devices include catheters, guide wire, stents, filters, and balloons.