What is the Global Interventional Cardiology Devices Market Size?
Global Interventional Cardiology Devices Market is expected to grow with a CAGR of 7.6% owing to its increased presence and incidence in Asia, Africa and Europe. Unhealthy lifestyle habits such as high alcohol consumption, smoking, and lack of physical exercise are triggering incidences of cardiovascular diseases in the world. The Global Interventional Cardiology Devices market size was around USD 14.98 billion in 2017. It is expected to grow at a CAGR of 6.9% to reach USD 21.88 billion by 2022.
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Factors Driving the Growth of Global Interventional Cardiology Devices Market:
The growth in this market is driven by factors such as global rise in geriatric population, increasing prevalence of diseases, technological advancements, development of minimally invasive procedures and improving healthcare infrastructure in developing countries. Additionally, the increasing healthcare expenditure and favourable government polices are also supporting the market growth.
Global Interventional Cardiology Devices Market Segmentation:
The market is segmented and explained by type and by region. The highest volume of share of interventional cardiology devices market is commandeered by Angioplasty stents segment in 2016. The drug-eluting stents section is predicted to account for the biggest share of the global interventional cardiology devices market in 2017. Factors driving the expansion of this segment include the wide selection of advantages associated with the employment of drug-eluting stents and also the widespread accessibility of these devices across the globe. The plaque modification devices segment is anticipated to experience a very high growth rate during the forecast period due to the rising incidence of plaque deposition and the increasing demand for technologically advanced thrombectomy devices.
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Global Interventional Cardiology Devices Market Geographic Segmentation:
By geography the market is segmented into Latin America, Asia Pacific, Europe, North America, and Middle East and Africa. The largest share of the Interventional Cardiology Devices market in is commandeered by North America followed by Europe and Asia – Pacific. The growth in this region is attributed to factors such as increasing demand for technologically advanced thrombectomy devices, presence of favorable government initiatives encouraging new product development, and sophisticated healthcare infrastructure.
Some of the Leading Companies in the Global Interventional Cardiology Devices Market:
Key players in the market include Medtronic, Boston Scientific, Abbott Laboratories, Terumo, Cordis, B.Braun, C.R. Bard, Biosensors, Teleflex Incorporated, Cordis Corporation and Biotronik .
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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