The Global Interventional Cardiology Devices Market demand is estimated to increase at an 8.4% CAGR between 2022 and 2032, from US$ 16.4 billion to US$ 36.9 billion.
The growing older population, which is increasing the prevalence of coronary artery disease, as well as the development of new and sophisticated products, are driving market expansion.
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Availability of alternative medicines, as well as product failures and recalls, may, however, hinder market growth throughout the forecast period. Furthermore, due to lockdowns and social alienation, hospital visits have dropped, resulting in decreasing sales of interventional cardiology goods.
In recent quarters, leading companies in the Interventional Cardiology Devices industry, including as Boston Scientific, Medtronic, and Abbott, have experienced revenue decreases. Despite this, the high frequency of heart and circulation illnesses, particularly in the United Kingdom, is predicted to drive up demand for interventional cardiology equipment.
Diabetes and hypertension are also risk factors for interventional cardiology equipment demand, with a rising prevalence of these disorders projected in major markets as the world’s population ages. Because of their huge senior populations and high diabetes incidence, emerging economies such as India, China, and Brazil present considerable prospective opportunities for the business.
Because of the high prevalence of coronary artery disease and increased awareness of early detection, angiography catheters have the biggest market share of all interventional cardiology equipment.
Because of reasons such as rising diabetes prevalence, an ageing population, reimbursement availability, and the presence of significant firms, North America now dominates the industry.
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KEY TAKEAWAYS:
- Angioplasty Stents from the marketing attribution software market are expected to grow at the fastest CAGR of 8% through 2032.
- North America is expected to develop significantly in the region sector of the marketing attribution software market, with a CAGR of 7.9% through 2032.
- The marketing attribution software market in the United States is estimated to reach $12.9 billion by 2032, increasing at an 8.2% CAGR through 2032.
- With a CAGR of 7.8% through 2032, China is expected to achieve a market size of US$ 2.7 billion in marketing attribution software by 2032.
- The marketing attribution software market in the United Kingdom is expected to be worth US$ 1.5 billion by 2032, growing at a 7.5% CAGR through 2032.
- Japan is expected to have a market size for marketing attribution software of US$ 2.1 Billion by 2032, with a CAGR of 6.7% through 2032.
- By 2032, South Korea is expected to reach a market size of US$ 1.3 Billion in marketing attribution software, with a CAGR of 6.2% through 2032.
COMPETITIVE LANDSCAPE:
Medtronic (US), Boston Scientific Corporation (US), Abbott (US), Edward Lifesciences Corporation (US), Cardinal Health (US), iVascular (Spain), Becton, Dickinson, and Company (US), B. Braun Melsungen (Germany), Terumo Corporation (Japan), Biosensors International Group (Singapore), and BIOTRONIK SE & Co. KGaA are prominent Interventional Cardiology Devices market players (Germany).
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Key Segments
By Product:
- Angioplasty Balloons
- Old/Normal Balloons
- Drug-eluting Balloons
- Cutting and Scoring Balloons
- Angioplasty Stents
- Drug-eluting Stents
- Bare-mental Stents
- Bioabsorbable Stents
- Structural Heart Devices
- Aortic Valve Therapy Devices
- Other Therapy Devices
- Catheters
- Angiography Catheters
- Guiding Catheters
- IVUS/OCT Catheters
- Plaque Modification Devices
- Atherectomy Devices
- Thrombectomy Devices
- Hemodynamic Flow Alteration Devices
- Embolic Protection Devices
- Chronic Total Occlusion Devices
- Other Devices
- Guidewires
- Vascular Closure Devices
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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