The interventional cardiology market is projected to grow at a CAGR of 7.25% during the forecast period 2019 to 2025. As per the interventional cardiology market research report, the global market for interventional cardiology is projected to grow swiftly by US$15.13 billion by 2025. According to analysts, growing preference for minimally invasive procedures as well as favorable reimbursement scenarios in developed countries will drive the market growth during the forecast period. The interventional cardiology market research report offers a comprehensive analysis of the global interventional cardiology market and its end-users and product type segments. The product recalls along with risk of bloodstream infections are the elements that could influence the interventional cardiology market advancement throughout the forecast period. The interventional cardiology market research report by expert analysts is developed to assist organizations in the interventional cardiology market.
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Market Segmentation
The Global Interventional Cardiology Market has been segmented based on Type, and End User.
The market, based on type, has been segmented into stents, percutaneous transluminal coronary angioplasty (PTCA) catheters, plaque modification devices, coronary guidewires, and accessories. The market, based on stents, has been further divided into drug-eluting stents, bare-metal stents, and bioresorbable vascular scaffolds. The stents segment held a major share in 2018 owing to the increased number of product launches by key players in the current years. This segment is also expected to be the fastest-growing segment during the forecast period due to the increasing prevalence of coronary artery disease, and continued innovations by players. The market, based on PTCA catheters, has been segmented into balloon catheters, and guiding catheters.
The Global Interventional Cardiology Market has been segmented, based on end-user, into hospitals, cardiac catheterization laboratories, ambulatory surgical centers, and others. In 2018, the hospital's segment held the majority share of the market owing to the increasing number of patient admissions due to coronary diseases. The cardiac catheterization laboratory segment is projected to be the fastest-growing segment owing to the increasing preference of cath labs by medical professionals.
Regional Overview
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas held maximum share in the base year 2018, owing to the high incidence rates of cardiac disorders and strategic activities by major players in countries such as the US. The interventional cardiology market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European interventional cardiology market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The European market for interventional cardiology is expected to hold a substantial share owing to the increase in the number of cardiac disorder cases. For instance, in 2016, there were 66,076 deaths due to coronary heart diseases in the UK, which was the third-highest cause of death in that particular year. The interventional cardiology market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The interventional cardiology market in this region is anticipated to be the fastest-growing during the forecast period due to the increasing uptake and adoption rate of newer treatment options by patients as well as medical professionals. The increasing patient pool and mortality rate due to cardiac diseases in these countries also fuel the market growth. For instance, in 2017, ischemic heart disease was the second-highest cause for death in Japan. The interventional cardiology market in the Middle East & Africa has been divided into the Middle East and Africa.
Competitive Landscape
Increasing technological advancements are presumed to drive the interventional cardiology market growth worldwide. The global interventional cardiology market could be challenged by a strict approval process, nevertheless, organizations in the interventional cardiology market will carry the growth rate forward. The interventional cardiology market research report presents company profiles of major companies active in the interventional cardiology market globally. Furthermore, the global interventional cardiology market report offers an all-inclusive analysis of the market collected from the interventional cardiology market’s primary and secondary sources covering both decision makers and thought leaders. The interventional cardiology market research report highlights such key areas assisting businesses operating in the interventional cardiology market to build better growth strategies.
Industry News
The FDA recently approved vericiguat in adults with symptomatic chronic heart default with decreased ejection to minimize heart disease hospitalization and cardiovascular mortality. It was last week's leading story in cardiology. A further subject of concern was a study showing the risk of myocardial infarction (MI) deaths that resulted in a short-term air pollution exposure.
Table of Contents
1.1. Market Attractiveness Analysis
1.1.1. Global Interventional Cardiology Market, by Type
1.1.2. Global Interventional Cardiology Market, by End User
2.1. Definition
2.2. Scope of the Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
3.1. Overview
3.2. Data Mining
3.3. Secondary Research
3.4. Primary Research
3.4.1. Breakdown of Primary Respondents
3.5. Forecasting Techniques
3.6. Research Methodology for Market Size Estimation
3.6.1. Bottom-Up Approach
3.6.2. Top-Down Approach
3.7. Data Triangulation
3.8. Validation
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