What is the global market size of the Interventional Cardiology Market?

Global Interventional Cardiology Devices Market size was valued at USD 12.91 billion in 2021 and is poised to grow from USD 13.85 billion in 2022 to USD 24.34 billion by 2030, growing at a CAGR of 7.3% in the forecast period (2023-2030).

Global Interventional Cardiology Devices Market Size, Share, Growth Analysis, By Product(Angioplasty stents, structural heart devices), By End-user(Ambulatory surgical centers, hospitals) - Industry Forecast 2024-2031

Report ID: SQMIG35A2171 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 67 | Figures: 65

Global Interventional Cardiology Devices Market Insights

Interventional Cardiology Devices Market size was valued at USD 12.91 billion in 2019 and is poised to grow from USD 13.85 billion in 2023 to USD 24.34 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).

Interventional cardiologists are trained cardiovascular disease specialists. They are primarily concerned with the use of catheters, which are thin, flexible tubes used to carry out procedures. Angioplasty, stenting, and other procedures are carried out by directing equipment through the arteries of the body. For many people, these minimally invasive interventional procedures are an acceptable option to open surgery. These devices are primarily used to treat heart problems. It employs a single type of catheter that is inserted into the body and is used to treat cardiovascular diseases. This occurs as a result of hypertension, diabetes, and cardiovascular disease. In addition, these devices are used to treat peripheral vascular problems that affect the circulatory system and can give rise to plaque build-up in limb arteries. Catheters, balloons, stents, and filters are examples of interventional cardiology devices available on the market. The advancement of more advanced and innovative cardiovascular devices, and also the ease with which regulatory licences can be obtained are driving the market growth. However, various government regulations and stringent approval criteria may also limit growth of the business.

US Interventional Cardiology Devices Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Interventional Cardiology Devices Market Report Snapshots

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Global interventional cardiology devices market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Abbott', 'Boston Scientific Corporation', 'Medtronic', 'Edward Lifesciences Corporation', 'iVascular', 'Terumo Corporation', 'B. BarunMelsungen', 'BIOTRONIK SE & Co. KG', 'Biosensors International Group', 'Cardinal Health'

Consumption of saturated fats, excessive salt, alcohol consumption, and smoking are all poor lifestyle practises that significantly raise the risk of coronary artery disease, which is expected to accelerate of the interventional cardiology devices market. Furthermore, high tobacco consumption and a lack of exercise motivate market growth. Furthermore, physical inactivity can increase the risk of obesity and coronary artery disease.

Obesity is increasing the prevalence of cardiovascular disease. Furthermore, the incidence of coronary artery disease has increased as a result of changing lifestyles characterised by smoking, heavy alcohol consumption, and inactivity. With the use of interventional cardiology instruments, cardiologists can perform treatments quickly and without causing complications.

North America is expected to lead the global interventional cardiology devices market throughout the forecast period due to the influence of advanced healthcare infrastructure, supportive government product development initiatives, and high patient awareness levels. According to the American Heart Association, by 2035, approximately 45% of the US population will be affected by heart disease as a result of factors such as high obesity, high smoking, and unhealthy lifestyles, which can cause a heart attack and other related issues. In addition, 1.5 million Americans are treated for diabetes each year in the United States alone. Incidence of diabetes is increasing primarily due to an increase in the geriatric population; it is guesstimated that 25% of all geriatric individuals (aged 60 and above) in the United States have diabetes.

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Global Interventional Cardiology Devices Market Size, Share, Growth Analysis, By Product(Angioplasty stents, structural heart devices), By End-user(Ambulatory surgical centers, hospitals) - Industry Forecast 2024-2031

Global Interventional Cardiology Devices Market Insights

Global Interventional Cardiology Devices Market Report Snapshots

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