The Interventional Cardiology Devices Market Size is valued at USD 18.84 Bn in 2023 and is predicted to reach USD 33.91 Bn by the year 2031 at a 7.75% CAGR during the forecast period for 2024-2031.
Specialized tools are needed for interventional procedures to repair weak or damaged vessels, clogged arteries, or other impacted areas of the heart without surgery. Therefore, minimally invasive procedures are performed in hospitals or cardiac catheterization labs using interventional cardiology equipment such as coronary stents, cutting balloon catheters, and percutaneous transluminal coronary angioplasty (PTCA).
Cardiovascular diseases, like the coronary heart disease, stroke, and atrial fibrillation, are becoming more commonplace globally. The increase in biological risk factors, such as alcohol intake, bad food, cigarette use, and smoking, as well as environmental risk factors like pollution, are to blame for the increased prevalence of cardiovascular illnesses. The leading players' increasing product introductions are expected to boost the market for interventional cardiology devices.
Also, the significant occurance of cardiovascular conditions, comprising valvar defects and atrial stenosis, in developing regions like China, India, & Brazil has resulted in a strong need for interventional cardiology equipment. Major players are working together more and more to test a number of interventional devices in clinical studies. In March 2021, B. Braun SE and Infraredx collaborated to work an IDE clinical study for the drug coated PTCA balloon catheter SeQuent Please ReX.
Some Major Key Players In The Interventional Cardiology Devices Market:
Market Segmentation:
The Interventional Cardiology Devices market is divided on the basis of Product. By Product the market is again divided into Angioplasty Balloons, Angioplasty Stents, Structural Heart Devics, Catheters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices Other Devices. These subsegments are againd divided into more divisions. (Angioplasty Balloons is segmented into Old/Normal Balloons, Drug-eluting Balloons, Cutting and Scoring Balloons. Whereas Angioplasty Stents segement is divided into Drug-eluting Stents, Bare-metal Stents, Bioabsorbable Stents.
The Structural Heart Devics segment comprises Aortic Valve Therapy Devices, and Other Therapy Devices like Mitral valve, pulmonary valve and tricuspid valve & left atrial appendage therapy devices)). The Catheters segment includes Angiography Catheters, Guiding Catheters, and IVUS/OCT Catheters. Whereas, Plaque Modification Devices comprises Atherectomy Devices, and Thrombectomy Devices. At the end, Hemodynamic Flow Alteration Devices is divided into Embolic Protection Devices, & Chronic Total Occlusion Devices. Lastly Other Devices are Guidewires, Vascular Closure Devices, Introducer Sheaths, Hemostasis Valves, & Balloon Inflation Devices.
Because coronary artery illnesses are so common, the sector for coronary vascular devices is expected to dominate. Because ballons and stents devices are becoming more common, structural cardiac devices are likewise predicted to have expanding growth prospects.
The embolic protection devices segment dominated the market for devices that alter the hemodynamic flow. This is due to the benefits of embolic protection devices over chronic total occlusion devices, such as the capacity to capture embolic detritus without interrupting continuous blood flow. In addition, the number of interventional procedures used to treat coronary artery disease is growing.
The North America Interventional Cardiology Devices market is projected to get the highest revenue share in the near future. This is because North America is showing support a high rate of medical device innovation and has a high rate of using expensive interventional cardiology devices. It is the leader in the market under study. Some big market players in the area are also making new products and technologies to fight with products that are already on the market, while others are buying and working with other businesses that are popular in the market.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 18.84 Bn |
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Revenue Forecast In 2031 |
USD 33.91 Bn |
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Growth Rate CAGR |
CAGR of 7.75% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn, Volume (No.of Units) and CAGR from 2024t o 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Medtronic (US), Boston Scientific Corporation (US), Abbott (US), Edward Lifescinces Corporation (US), Cardinal Health (US), iVascular (Spain), Becton, Dickinson, and Company (US), B. Braun Melsungen (Germany), Terumo Corporation (Japan), Biosensors International Group (Singapore), and BIOTRONIK SE & Co. KG (Germany) |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Interventional Cardiology Devices Market Value (US$ Mn) and Volume (No. of Units) By Product
Interventional Cardiology Devices Market Value (US$ Mn) and Volume (No. of Units) By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
