slide 1: Interventional Cardiology Devices Market
Projected to Discern Stable Expansion
During 2025
Global Interventional Cardiology Devices Market: Overview
Interventional cardiology deals with the treatment of the heart related diseases such as coronary
artery disease congenital heart defect and aneurysm through catheter based devices. The
process involves the insertion of catheter into large peripheral artery or vein to perform surgical
process. Interventional cardiology provides fast recovery controlled bleeding and short
hospital stay. The interventional cardiology market has witnessed constant development from
bare metal stent to bio-absorbable stent. Intervention cardiology devices include stents
catheters guide wires filters and balloons. According to Center of Disease Control and
Prevention in 2016 approximately 40000 children are suffering from coronary heart disease
in the U.S. The market is expected to register a CAGR of 5.7 during the forecast period of
2018 to 2025.
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Global Interventional Cardiology DevicesMarket: Segmentation
By Product Type
slide 2: Stents
Catheters
Percutaneous Transluminal Coronary Angioplasty PTCA Balloons
Intravascular Ultrasound System
Inferior Vena Cava IVC Filter
Percutaneous Transluminal Coronary Angiography PTCA Guide Wires
LeftAtrialAppendageLAADevice
Increased prevalence of cardiovascular disorders is expected to fuel the growth of
interventional cardiology devices market
The overall world population is witnessing increase in proportion of geriatric population and
obesity which is causing numerous heart related diseases. For instance according to the United
Nations report around 901 million people of age 65 and above in 2015 across the globe are
suffering from heart related disorders and it is expected to reach 1.4 billion by 2050. The major
drivers responsible for the growth of the market are the advancement in the healthcare research
increase in the demand of minimal invasive procedures and increasing patient awareness. The
increase in geriatric population coupled with obesity and lifestyle patterns leads to the increase
in coronary artery disease. In 2017 American Heart Association reported 36000 deaths due
to coronary artery disease in the U.S alone. Continuous innovations in interventional
cardiology devices such as new generation drug eluting balloons and bio-absorbable stents are
expected to further support the growth in the interventional cardiology devices market.
However the market is hindered by product recalls and high cost of manufacturing the devices
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Geographic Analysis
Geographically North America is leading in the interventional cardiology devices market
owing to large geriatric population and sedentary life-style causing cardiovascular disorders.
In 2016 as per Population Reference Bureau approximately 40 million of age 60 and above
are suffering from cardiovascular diseases and the prevalence is expected to reach 89 million
by 2050 in the U.S alone followed by Europe. Asia Pacific is expected to expand significantly
in the near future because emerging economies such as China and India owing to its large
population base are suffering from cardiovascular diseases and diabetes. The continuous
increase in healthcare expenditure and increase in geriatric population are also fueling the
growth of interventional cardiology devices market.
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Competitive Scenario
slide 3: The major players operating in the interventional cardiology devices include Boston Scientific
Corporation Cook Medical Medtronic Plc Cardinal Health Terumo Medical Corporation
Abbott Scientific and B Braun Melsungen A.G. The key players are focusing on acquisition to
increase its portfolio of product offerings. In this direction in 2017 Abbott acquired St Jude
Medical to increase in product pipeline. St Jude Medical is into atrial fibrillation heart failure
chronic pain and structural heart devices manufacturing which will supplement the products
of the Abbott.
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