How Is The Interventional Cardiology Devices And Equipment Market Segmented?
The interventional cardiology devices and equipment market covered in this report is segmented –
1) By Type: Angioplasty Balloons, Angioplasty Stents, Catheters, Plaque Modification Devices, Other Interventional Cardiology Devices
2) By Age Group: New-born (0-30 days), Infant (31 days-1 year), Children (1-18 years), Adult (18+ years)
3) By Application: Hospitals, Clinics, Cardiac Catheterization Labs, Ambulatory Surgical Centers
Subsegments:
1) By Angioplasty Balloons: Normal Balloons, Drug-Eluting Balloons, Cutting Balloons
2) By Angioplasty Stents: Bare-Metal Stents (BMS), Drug-Eluting Stents (DES), Bioabsorbable Stents
3) By Catheters: Guiding Catheters, Balloon Catheters, Angiography Catheters
4) By Plaque Modification Devices: Atherectomy Devices, thrombectomy devices
5) By Other Interventional Cardiology Devices: Guidewires, Vascular Closure Devices, Inflation Devices
What Is Driving The Interventional Cardiology Devices And Equipment Market? Rising Prevalence Of Cardiovascular Diseases Fuels Growth In The Interventional Cardiology Devices And Equipment Market
Increase in cardiovascular diseases is expected to propel the growth of interventional cardiology devices and equipment market. Cardiovascular diseases are health problems that are associated with the blood vessels, circulatory system as well as heart. Cardiovascular diseases are on the rise due to poor diets, lack of physical activity, stress, smoking, and obesity. The increasing incidence of cardiovascular diseases is fueling the demand for interventional cardiology devices, as more heart patients require advanced tools for minimally invasive treatments, leading to market growth. For instance, in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, in 2021, there were 14,100 doctor-certified deaths due to coronary heart disease (CHD). This number increased to 14,900 in 2022. Therefore, the increase in cardiovascular diseases is going to propel the growth of interventional cardiology devices and equipment market going forward.
What Is Driving The Interventional Cardiology Devices And Equipment Market? Surge In Minimally Invasive Procedures Fueling Growth In The Interventional Cardiology Devices And Equipment Market
The increasing adoption of minimally invasive procedures is expected to propel the growth of the interventional cardiology devices and equipment market. Minimally invasive procedures refer to medical techniques and surgical interventions that are characterized by the use of small incisions, fine instruments, and advanced imaging technology to diagnose, treat, or perform surgery within the body. Interventional cardiology devices and equipment are used to perform minimally invasive procedures in the heart. This is less risky and less invasive than traditional open-heart surgery, and it offers a number of benefits to patients. For instance, in January 2023, according to the reports published by Intuitive Surgical Inc., a US-based manufacturer of robotic products, there were approximately 1,875,000 surgical procedures conducted using a Vinci Surgical System. This marked a notable 18% increase compared to the approximately 1,594,000 surgical procedures performed with a Vinci Surgical Systems in 2021. Therefore, the increasing adoption of minimally invasive procedures is driving the growth of the interventional cardiology devices and equipment market.
Who Are The Major Players In The Global Interventional Cardiology Devices And Equipment Market?
Major companies operating in the interventional cardiology devices and equipment market include GE Healthcare, Abbott Laboratories, Boston Scientific Corporation, Medtronic Inc., Johnson & Johnson, B. Braun Melsungen AG, Biosensors International Ltd, Novacam Technologies Inc., Cook Medical LLC, Biotronik SE & Co. KG, ACIST Medical Systems Inc., Cordis Corporation, Terumo Corporation, Edward Lifesciences Corporation, Cardinal Health Inc., iVascular GmbH, Becton Dickinson and Company, Teleflex Incorporated, Merit Medical Systems Inc., MicroPort Scientific Corporation, Asahi Intecc Co. Ltd., AngioDynamics, C. R. Bard Inc., Endologix Inc., Lombard Medical Limited, Spectranetics Corporation, Vascular Solutions Inc., W. L. Gore & Associates Inc., Cardiva Medical Inc., Cardiovascular Systems Inc., ClearStream Technologies Ltd., Contego Medical LLC, Shockwave Medical Inc.
What Are The Key Trends Of The Global Interventional Cardiology Devices And Equipment Market? Technological Advancements Transforming The Interventional Cardiology Devices Market
Advancement in the technology of Interventional cardiology devices is one of the major trends in the market. Advanced devices cover technologically advanced imaging modalities such as Intravenous Ultrasound (IVUS), Fractional Flow Reserve (FFR), and Optical Coherence Tomography (OCT). For instance, according to a study published by the US CDC (Centers for Disease Control and Prevention), the treatment of cardiovascular diseases has changed substantially due to the introduction of new drug therapies and devices such as guidewires and stents which allow the patient to live quality and longer lives.
What Are The Key Trends Of The Global Interventional Cardiology Devices And Equipment Market? Innovative Opn Nc Technology Sets The Standard In Interventional Cardiology
Major companies operating in the interventional cardiology devices and equipment market are focusing on innovative technological products such as, percutaneous transluminal coronary angioplasty (PTCA) to meet the growing demand for minimally invasive procedures in the treatment of cardiovascular diseases. The percutaneous transluminal coronary angioplasty (PTCA) dilatation catheter with Twin-Wall technology provides a superior solution for the treatment of challenging coronary lesions. For instance, in February 2023, SIS Medical AG, a Switzerland-based medical company, launched the OPN NC percutaneous transluminal coronary angioplasty (PTCA) dilatation catheter with Twin-Wall technology. It is a next-generation balloon catheter that is designed to provide superior performance in challenging coronary lesions. The OPN NC percutaneous transluminal coronary angioplasty (PTCA) catheter has the potential to improve the outcomes of patients with coronary artery disease.
Regional Outlook For The Global Interventional Cardiology Devices And Equipment Market
North America was the largest region in the global interventional cardiology devices and equipment market in 2024. Western Europe was the second-largest region in the interventional cardiology devices and equipment market. The regions covered in the interventional cardiology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the interventional cardiology devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Defines the Interventional Cardiology Devices And Equipment Market?
The interventional cardiology devices and equipment market consists of sales of equipment with technologies such as vascular closure, atherectomy, intravascular ultrasound, fractional flow reserve, and optical coherence tomography (OCT) that are used for the treatment of interventional structural heart diseases. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Interventional Cardiology Devices And Equipment Industry?
The interventional cardiology devices and equipment market research report is one of a series of new reports from The Business Research Company that provides interventional cardiology devices and equipment market statistics, including interventional cardiology devices and equipment industry global market size, regional shares, competitors with a interventional cardiology devices and equipment market share, detailed interventional cardiology devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the interventional cardiology devices and equipment industry. This interventional cardiology devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
