Interventional Cardiology Devices Market: Growth, Development, Trends, Demand, Share, Analysis and Forecast 2026
Interventional
cardiology is the branch of cardiology that specifically deals with
catheter based treatment of heart diseases, such as congenital heart
defect (CHD), coronary artery disease, and aneurysm. This involves
insertion of the catheter into femoral artery or any large peripheral
artery or vein and through catheter whole procedure is performed by
using fluoroscopy. Interventional cardiology has reduced the
complications for patients as it provides, fast recovery, short
hospital stay, and controlled bleeding. There is constant development
in interventional cardiology devices, such as from bare metal stent
to bio-absorbable stent. According to Centers for Disease Control and
Prevention, which provides information about various diseases, there
were around 40,000 children born with CHD in the U.S. in 2016.
Interventional cardiology devices include catheters, guide wire,
stents, filters, and balloons.
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Interventional
cardiology devices market taxonomy:
By Product
Type
-
Stents
-
Catheters
-
Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloons
-
Intravascular Ultrasound System
-
Inferior Vena Cava (IVC) Filter
-
Percutaneous Transluminal Coronary Angiography (PTCA) Guide Wires
-
Left atrial Appendage (LAA) Device
By Geography
-
North America
-
Latin America
-
Europe
-
Asia Pacific
-
Middle East
-
Africa
Increased
prevalence of cardiovascular diseases is expected to fuel the growth
of interventional cardiology devices market
There is a
continuous increase in geriatric population and obesity which is
leading to the increase in cardiovascular disease. For
instance, as per United Nations report, there were around 901 million
people of age 60 and above in 2015 and it is expected to reach 1.4
billion by 2050. Advancement in healthcare research, increasing
patient awareness, and increase in the demand for minimal invasive
surgery raise the demand for interventional cardiology devices.
Interventional cardiology devices help interventional cardiologist to
perform the procedure in short span of time, which reduces the risk
and complication. The increase in obesity, geriatric population and
lifestyle changes leads to the increase in coronary artery disease,
for instance as per American Heart Association 2017 report, in the
U.S. there was around 360,000 death caused due to coronary artery
disease. With the prevalence of lifestyle diseases such as diabetes
and hypertension has increased the cases of cardiovascular disorders.
Developed
regions support the growth of interventional cardiology devices
market
Interventional
cardiology devices market is segmented into various geographical
regions such as North America, Latin America, Europe, Asia Pacific,
Middle East, and Africa. North America leads the interventional
cardiology devices market because of the large geriatric population
and sedentary lifestyle leading to cardiovascular disorders.
According to Population Reference Bureau 2016, there were around 40
million people of age 60 and above, and it is expected to reach 89
million by 2050 in the U.S. Europe is closely following the North
America in interventional cardiology devices market followed by Asia
Pacific. However, Asia Pacific is expected to expand significantly in
near future because of emerging economies such as India and China due
to the increase in cardiovascular diseases, increased healthcare
expenditure, per capita income of individual and increase in
geriatric population, which is expected to support the growth of
interventional cardiology devices market.
Key players
to support the interventional cardiology devices market
There are various
players present across the globe contributing to the interventional
cardiology devices market. Some key players are Abbott, Terumo
Medical Corporation, Boston Scientific Corporation, Cardinal Health,
Medtronic, Cook Medical and B. Braun Melsungen AG. In 2017,
Abbott acquired St Jude Medicals to increase the product pipeline, as
St Jude Medicals are into atrial fibrillation, structural heart,
heart failure and chronic pain and Abbott are leading in
coronary inventions, which increase the market share and fuels the
growth of interventional cardiology devices market.
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Cardiology Devices Market
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