Interventional Cardiology Devices Market Overview, Trends and Growth Opportunities Forecasted Till 2020
The Global Interventional Cardiology Devices Market size was valued at USD 15.14 billion in 2013 and is anticipated to reach USD 25.16 billion by 2020. Global interventional cardiology devices market is expected to experience brisk growth due to rise in heart related problems across the world over the forecast period
The Global Interventional Cardiology Devices Market size was valued at USD 15.14 billion in 2013 and is anticipated to reach USD 25.16 billion by 2020. Global interventional cardiology devices market is expected to experience brisk growth due to rise in heart related problems across the world over the forecast period
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<strong>Interventional</strong> <strong>Cardiology</strong> <strong>Devices</strong> <strong>Market</strong> <strong>Overview</strong>, <strong>Trends</strong> <strong>and</strong><br />
<strong>Growth</strong> <strong>Opportunities</strong> <strong>Forecasted</strong> <strong>Till</strong> <strong>2020</strong><br />
“The Global <strong>Interventional</strong> <strong>Cardiology</strong> <strong>Devices</strong> <strong>Market</strong> size was valued at USD<br />
15.14 billion in 2013 <strong>and</strong> is anticipated to reach USD 25.16 billion by <strong>2020</strong>.<br />
Global interventional cardiology devices market is expected to experience<br />
brisk growth due to rise in heart related problems across the world over the<br />
forecast period.”<br />
The Global <strong>Interventional</strong> <strong>Cardiology</strong> <strong>Devices</strong> <strong>Market</strong> size was valued at USD 15.14 billion in 2013 <strong>and</strong> is<br />
anticipated to reach USD 25.16 billion by <strong>2020</strong>. Global interventional cardiology devices market is expected to<br />
experience brisk growth due to rise in heart related problems across the world over the forecast period. Increase<br />
in disposable income is presumed to complement the intervention cardiology market growth over the next<br />
eight-year period.<br />
<strong>Interventional</strong> cardiology is numerous non-surgical processes for treating cardiovascular related problems.<br />
These procedures use flexible tubes <strong>and</strong> catheters thin to get way inside blood vessels to perform diagnostic<br />
test or to repair heart structures or other damaged vessels, often evading the need to have a surgical operation.<br />
Several devices used in these procedures include stent, PTCA balloon <strong>and</strong> catheters among several others. The<br />
diseases that are treated using interventional cardiology comprise coronary artery diseases, peripheral vascular<br />
disease <strong>and</strong> heart valve disease mainly.<br />
<strong>Growth</strong> in geriatric population is expected to boost the market growth in the near future. Moreover, increasing<br />
coronary artery disease is presumed to further propel the industry growth over the next eight-year period Rise<br />
in dem<strong>and</strong> for minimal procedures related with invasive angioplasty. Research <strong>and</strong> development across the<br />
world for technological advancement in order to achieve competitive advantage is estimated to further fuel the<br />
market dem<strong>and</strong> over the forecast period. Development <strong>and</strong> innovation in interventional cardiology has resulted<br />
in increased efficiency thus is presumed to be a major factor to fuel the market dem<strong>and</strong> over the next seven -<br />
years period.<br />
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These procedures are estimated to gain popularity in the near future owing to several advantageous properties<br />
such as minimal process time, reduce the requirement to perform surgery <strong>and</strong> several others. <strong>Interventional</strong><br />
cardiology aid patients <strong>and</strong> makes the procedures to be performed less complex as it minimizes the scars risk,<br />
reduces pain <strong>and</strong> avoids extended post-operative recovery. Effective conventional first level medication<br />
availability in the market is presumed to hinder the market growth over the next eight year period. This industry<br />
requires huge initial investment which is expected to hamper the dem<strong>and</strong> for interventional cardiology. Several<br />
cases related to product failure <strong>and</strong> product recall is estimated to restrain the dem<strong>and</strong> for these procedures in<br />
the near future. Key opportunity for this market is expected to be the innovation <strong>and</strong> advancement in the bioabsorbable<br />
stents over the forecast period. Numerous emerging markets are expected to be major chance for<br />
the industry vendors to exp<strong>and</strong> their sector over the next eight year period. Entry barriers in the industry for<br />
new players <strong>and</strong> varying reimbursements are expected to challenge the market growth in the near future.<br />
Based on device type the market is segmented as Stents (drug metal stents, bare metal stents, & bio-absorbable<br />
stents), PTCA Balloons which include normal balloons, scoring balloons, cutting balloons & drug-eluting<br />
balloons, percutaneous transluminal coronary angioplasty guidewires, imaging systems such as IVUS<br />
(intravascular ultrasound), OCT (optical coherence tomography)&FFR (fractional flow reserve), <strong>and</strong> Catheters<br />
(angiography catheters, pulmonary artery catheters, guiding catheters & intravascular ultrasound (IVUS)<br />
catheters).<br />
Key regional markets include North America, Europe, Central & South America, Middle East & Africa, <strong>and</strong> Asia<br />
Pacific. Developed regions such as Europe <strong>and</strong> North America are estimated to witness positive growth owing<br />
to research <strong>and</strong> development initiatives coupled with huge dem<strong>and</strong> for rising cardiology diseases over the next<br />
eight-year period. North America region has dominated the global market owing to highest adaption in recent<br />
past followed by Europe. These regions are expected to show positive growth in the near future. Developing<br />
regions such as Asia Pacific <strong>and</strong> Central & South<br />
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America are expected to experience rapid growth in industry owing to rising awareness, rise in disposable<br />
income <strong>and</strong> increase in coronary artery diseases. Emerging economies such as India <strong>and</strong> China are estimated to<br />
witness positive growth due to rise in dem<strong>and</strong> for minimal invasive procedures over the next eight year period.<br />
Innovation <strong>and</strong> development in order to have best quality product is anticipated to further enhance the growth<br />
in this region in near future.<br />
Vendors are investing on research <strong>and</strong> development to generate co-products which give them competitive<br />
advantage over other vendors <strong>and</strong> to provide economic benefits to this industry. Companies are investing<br />
heavily on research <strong>and</strong> development for improving the product quality. This industry requires huge initial<br />
investment. The companies are expected to take strong measures to gain market share <strong>and</strong> to deliver diversified<br />
product dem<strong>and</strong>. Prominent industry participants St. Jude Medical, Inc.,Terumo Medical Corporation, B. Braun<br />
Melsungen AG, Cook Medical, Abbott Laboratories, Inc., Boston Scientific Corporation, Cordis Corporation,<br />
Medtronic, plc, <strong>and</strong> Smiths Medical.
<strong>Market</strong> segmentation<br />
Global <strong>Interventional</strong> <strong>Cardiology</strong> Device Product Outlook (<strong>Market</strong> Revenue in USD Million, 2012 - <strong>2020</strong>)<br />
• <strong>Interventional</strong> Catheters<br />
• PTCA Guidewires<br />
• Stents<br />
• Balloon Inflation Device<br />
• PTCA Balloons<br />
<strong>Interventional</strong> <strong>Cardiology</strong> Device Regional Outlook (<strong>Market</strong> Revenue in USD Million, 2012 - <strong>2020</strong>)<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• RoW<br />
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