The interventional cardiology equipment market sales is dedicated to revolutionising heart health and setting new standards in the field of cardiovascular care. This sector focuses on cutting-edge tools and methods, like imaging systems, stents, and catheters, that are meant to identify and treat cardiovascular illnesses with minimally invasive procedures. The cardiac care revolution can be attributed in large part to the industry’s commitment to improving patient outcomes and decreasing recovery periods. The interventional cardiology devices industry is committed to precision, innovation, and ongoing research to make a positive impact on cardiovascular treatment. It gives patients with heart-related problems hope and a better quality of life.
From 2022 to 2032, the global interventional cardiology devices industry is anticipated to expand at a compound annual growth rate of 8.4%. By 2022 and 2032, the interventional cardiology devices market is projected to be valued US$ 16.4 billion and US$ 36.9 billion, respectively.
Factors driving market growth include the increasing elderly population leading to a rise in coronary artery disease prevalence, as well as the introduction of new and advanced products, and a rising incidence of diabetes.
However, the availability of alternative therapies, as well as product failures and recalls, may limit market growth during the forecast period. Additionally, hospital visits have decreased due to lockdowns and social distancing, leading to lower sales for interventional cardiology products.
Leading companies in the Interventional Cardiology Devices market, including Boston Scientific, Medtronic, and Abbott, have reported revenue reductions in recent quarters. Despite this, the demand for interventional cardiology devices is expected to rise due to the high incidence of heart and circulation diseases, particularly in the United Kingdom.
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Risk factors such as diabetes and hypertension also contribute to the demand for interventional cardiology equipment, with a rising prevalence of these conditions expected in major markets as the world’s population ages. Emerging markets such as India, China, and Brazil offer significant potential opportunities for the industry due to a large geriatric population and high diabetes incidence.
Of all interventional cardiology devices, angiography catheters hold the largest market share due to the high prevalence of coronary artery disease and growing awareness of early identification.
North America currently dominates the market due to factors such as growing diabetes prevalence, an aging population, reimbursement availability, and the presence of major corporations.
KEY TAKEAWAYS:
- In the product sector, Angioplasty Stents from the marketing attribution software market is anticipated to flourish at the quickest CAGR of 8% through 2032.
- With a CAGR of 7.9% through 2032, North America is predicted to grow significantly in the region segment of the marketing attribution software market.
- The market size for marketing attribution software market in the United States is expected to reach US$ 12.9 Billion by 2032, growing at a CAGR of 8.2% through 2032.
- China is anticipated to reach a market size of US$ 2.7 Billion in marketing attribution software by 2032, with a CAGR of 7.8% through 2032.
- UK’s marketing attribution software market is anticipated to be worth US$ 1.5 Billion by 2032, with a CAGR of 7.5% 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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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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