The global Interventional Cardiology Devices Market size was valued at USD 15.5 billion in 2023, and the market is projected to reach USD 24.6 billion by the end of 2030, with growth at a CAGR of 6.8% during the forecast report 2023-2030.
With minimally invasive treatments, interventional cardiology devices are utilized to diagnose and treat cardiovascular disorders. Catheters, guidewires, stents, balloons, and imaging systems are some of these devices. The rising frequency of cardiovascular disorders, the rising use of minimally invasive procedures, and technological developments in interventional cardiology devices are some of the reasons driving the global market for these devices.
Due to factors like aging populations and poor lifestyles, cardiovascular disorders including coronary artery disease and heart failure are becoming more common. To diagnose and treat these disorders, interventional cardiology equipment is in high demand. Moreover, minimally invasive techniques are becoming more popular because they have several advantages over open heart surgery, such as shorter hospital stays, quicker recovery times, and lower risks.
The market is expanding as a result of technological developments in interventional cardiology equipment. For instance, the safety and effectiveness of these devices have increased with the development of drug-eluting and bioresorbable stents. Moreover, the use of optical coherence tomography and intravascular ultrasonography has increased visualization during surgeries.
The market is anticipated to expand steadily going forward, especially in areas like North America and Europe where cardiovascular illnesses are more common. As they help with the diagnosis and planning of treatment for a variety of cardiovascular conditions, diagnostic catheters, and guidewires are projected to see an increase in demand.
The market does, however, also have to contend with issues including the high price of interventional cardiology procedures and the availability of substitute treatments like medicine and dietary adjustments. Regulation restrictions and reimbursement guidelines may also have an impact on the market expansion.
Overall, because cardiovascular illnesses continue to be one of the main causes of death worldwide, the market for interventional cardiology equipment is significant and expanding. The creation of cutting-edge interventional cardiology devices will continue to fuel market expansion in the years to come.
Growing Prevalence of Cardiovascular Diseases: The need for interventional cardiology devices is being driven by the increasing prevalence of cardiovascular disorders such as coronary artery disease, heart failure, and arrhythmias. Cardiovascular illnesses are the biggest cause of death worldwide, accounting for 17.9 million fatalities in 2019, according to the World Health Organization.
Technical Developments: The safety, effectiveness, and efficiency of interventional cardiology equipment have increased. For instance, patient outcomes have improved as a result of the introduction of drug-eluting stents, bioresorbable stents, and left atrial appendage closure devices. Moreover, procedures can now be seen more clearly thanks to the use of imaging technologies like optical coherence tomography and intravascular ultrasonography.
Transcatheter aortic valve replacement (TAVR) and percutaneous coronary intervention (PCI) are examples of minimally invasive procedures that are increasingly popular because of their effectiveness, safety, and speed. As a result, there is an increased need for interventional cardiology equipment needed for these procedures, such as catheters, guidewires, and balloons.
Regulations: The interventional cardiology devices industry is governed by regulations in various jurisdictions, which can affect product availability and development. For instance, the FDA in the United States only recently released a safety communication about the possibility of major adverse events connected to trans-radial access for cardiac catheterization.
Reimbursement Policies: Regional variations exist in the availability of reimbursement policies for interventional cardiology procedures and devices. Nonetheless, payment plans are frequently offered, making these devices more accessible to patients.
Competition from Alternative Therapies: Alternative therapies including medication and dietary changes compete with interventional cardiology equipment. Yet, due to their safety, effectiveness, and efficiency, minimally invasive techniques are being used increasingly frequently.
The market for interventional cardiology devices is anticipated to expand overall as a result of the aforementioned elements, particularly the rising incidence of cardiovascular disorders and technological improvements. Regulatory restrictions and competition from other treatments, however, might potentially have an impact on the market expansion.
As per the report, the global Interventional Cardiology Devices Market is segmented into Type, Application, and Regions. The report covers detailed information on market size, Share, Growth, Value, Volume Analysis, Demand analysis, new market entry, competition insights, market drivers, challenges, opportunities, and Restraints. Further, company profile analysis, company revenue, Strategies, Sales, company acquisition, partnership, mergers, latest trends in the industry, regional and country-level insights, and competitive intelligence data is provided in the research report.
Further, the global market is geographically divided into major regions, and countries including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Further, major countries focused in the global study report: United States, Canada, United Kingdom, Spain, Germany, Italy, France, Mexico, Russia, Ukraine, China, Japan, South Korea, India, Singapore, Malaysia, Australia, Qatar, Kingdom of Saudi Arabia, South Africa, Brazil, Argentina, and other countries are covered in the research study.
By Type
Geographical Classification Analysis:
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
Regional Insights:
• North American market to remain in control over the global market during 2022-2030. In the North American region, the United States occupied the highest share of the market in this region, and the US country is projected to follow the same trend over the forecast time 2022-2030, followed by Canada.
• Europe holds the second largest share producer in the global Disposable Medical Sensors Market during the forecast period 2022-2030. Asia Pacific region is expected to be registered as the fastest-growing market in the global market by 2030.
• Most developing countries in Asia Pacific remain the focus of leading Disposable Medical Sensors companies, with a large portion of these companies investing in new entry and business expansion strategies
• The market in the Middle East and Africa is projected to show prominent growth opportunities in the coming years from 2023-2030. Due to the rising focus from the government of the Middle East and African countries on emerging healthcare infrastructure manufacturing and distribution are mostly contributing to the global market in the MEA region.
• The Latin American Disposable Medical Sensors Market registered a substantial share of the global market in 2022, and it is projected to remain its presence in the market.
*List not exhaustive
1. Executive Summary
1.1 Introduction to Interventional Cardiology Devices Markets
1.2 Interventional Cardiology Devices Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Interventional Cardiology Devices Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Interventional Cardiology Devices Market Trends
3.2 Key Interventional Cardiology Devices Market Growth Drivers
3.3 Key Interventional Cardiology Devices Market Growth Restraints
4 Interventional Cardiology Devices Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts
4.2 Reference Growth Case Scenario Forecasts
4.3 High Growth Case Scenario Forecasts
5. Interventional Cardiology Devices Market Segmentation- Outlook by Type
5.1 Coronary Stents Market Outlook to 2030
5.2 PTCA Balloon Catheters Market Outlook to 2030
5.3 PTCA Guidewires Market Outlook to 2030
5.4 Diagnostic Catheters Market Outlook to 2030
5.5 PTCA Guiding Catheters Market Outlook to 2030
5.6 Introducer Sheaths Market Outlook to 2030
5.7 Intravascular Imaging Catheters and Pressure Guidewires Market Outlook to 2030
6. North America Interventional Cardiology Devices Market Outlook and Opportunities to 2030
6.1 Market Snapshot, 2023
6.2 North America Interventional Cardiology Devices Market Growth Opportunities
6.3 North America Interventional Cardiology Devices Market Outlook by Application
6.4 North America Interventional Cardiology Devices Market Outlook by Type
6.5 North America Interventional Cardiology Devices Market Outlook by Country
6.6 United States Interventional Cardiology Devices Market Outlook
6.7 Canada Interventional Cardiology Devices Market Outlook
6.8 Mexico Interventional Cardiology Devices Market Outlook
7. Europe Interventional Cardiology Devices Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 Europe Interventional Cardiology Devices Market Outlook by Application
7.3 Europe Interventional Cardiology Devices Market Outlook by Type
7.4 Europe Interventional Cardiology Devices Market Outlook by Country
7.5 Germany Interventional Cardiology Devices Market Outlook
7.6 France Interventional Cardiology Devices Market Outlook
7.7 United Kingdom Interventional Cardiology Devices Market Outlook
7.8 Spain Interventional Cardiology Devices Market Outlook
7.9 Italy Interventional Cardiology Devices Market Outlook
7.10 Other Europe Interventional Cardiology Devices Market Outlook
8. Asia Pacific Interventional Cardiology Devices Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Asia Pacific Interventional Cardiology Devices Market Outlook by Application
8.3 Asia Pacific Interventional Cardiology Devices Market Outlook by Type
8.4 Asia Pacific Interventional Cardiology Devices Market Outlook by Country
8.5 China Interventional Cardiology Devices Market Outlook
8.6 Japan Interventional Cardiology Devices Market Outlook
8.7 India Interventional Cardiology Devices Market Outlook
8.8 Other Asia Pacific Interventional Cardiology Devices Market Outlook
9. Latin America Interventional Cardiology Devices Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Latin America Interventional Cardiology Devices Market Outlook by Application
9.3 Latin America Interventional Cardiology Devices Market Outlook by Type
9.4 Latin America Interventional Cardiology Devices Market Outlook by Country
9.5 Brazil Interventional Cardiology Devices Market Outlook
9.6 Argentina Interventional Cardiology Devices Market Outlook
9.7 Other Latin America Interventional Cardiology Devices Market Outlook
10. Middle East and Africa Interventional Cardiology Devices Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Middle East and AfricaInterventional Cardiology Devices Market Outlook by Application
10.3 Middle East and AfricaInterventional Cardiology Devices Market Outlook by Type
10.4 Middle East and AfricaInterventional Cardiology Devices Market Outlook by Country
10.5 Saudi Arabia Interventional Cardiology Devices Market Outlook
10.6 UAE Interventional Cardiology Devices Market Outlook
10.7 South Africa Interventional Cardiology Devices Market Outlook
10.8 Other Middle East and Africa Interventional Cardiology Devices Market Outlook
11 Profiles of major Interventional Cardiology Devices Companies
Abbott Laboratories
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Medtronic Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Boston Scientific Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Cardinal Health Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Philips Healthcare
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Terumo Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Alvimedica Medical Devices, Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Teleflex Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
B. Braun Holding GmbH & Co. KG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Biosensors International Group, Ltd.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Biotronik SE & Co. KG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
12. Appendix
12.1 Publisher’s Expertise
12.2 List of Tables and Charts
12.3 List of Exhibits
12.4 Legal Disclaimer
By Type