The report presents a comprehensive overview of industry trends, growth share and the competitive landscape in 120 pages.
Quadintel recently published a new research report on the Interventional Cardiology Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Interventional Cardiology Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
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Interventional cardiology has become an important part of cardiovascular disease treatment, providing minimally invasive solutions that can be performed under the guidance of imaging technologies. The market for interventional cardiology is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2018 to 2023, reaching USD 23.39 Billion in revenue by 2023. The market can be segmented based on type and end-user.
The type segment can be further divided into stents, catheters, PTCA balloons, plaque modification devices, embolic protection devices, vascular closure devices, chronic total occlusion, imaging systems, guidewires, and other accessories such as introducer sheaths. Among these, stents contributed the highest revenue share of 27% in 2017, owing to their benefits such as improving blood flow, rapid return to normalcy, and brief hospitalization. The plaque modification devices segment is expected to grow the fastest during the forecast period, with a CAGR of 9.0%, due to the sustainable benefits they offer in reducing plaque burden and minimizing vessel trauma.
The end-user segment includes hospitals, catheterization labs, and ambulatory surgical centers. Hospitals held the largest market share of 48% in 2017, owing to their established infrastructure and availability of trained staff. The ambulatory surgical centers (ASCs) segment is expected to grow significantly, with a CAGR of 9.6% during the forecast period, due to the increasing number of outpatient procedures and the prominence of ASCs.
Regionally, North America led the global interventional cardiology market with a share of 38% in 2017. However, the Asia-Pacific region is expected to expand at a CAGR of 7.6% from 2018 to 2023, driven by the wide adoption of stents in the region. Europe, Latin America, and the Middle East and Africa are also expected to witness substantial growth during the forecast period.
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The major players in the interventional cardiology market include Medtronic PLC, Boston Scientific Corporation, Abbott Laboratories S.A., C. R. Bard, Inc., Johnson & Johnson Pvt. Ltd., Edwards Lifesciences Corporation, Terumo Corporation, LivaNova, PLC., B. Braun Melsungen AG, Teleflex Incorporated, and MicroPort Medical Apparatus (Shanghai) Co. Ltd. These companies are focusing on expanding their product portfolio and improving their distribution networks to strengthen their market position.
It also discusses market opportunity, CAGR growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, and future forecasts for various regions and/or countries.
North America’s market size, Y-O-Y growth, market players analysis, and opportunity outlook are covered in the report, along with Latin America’s market size, Y-O-Y growth, market players analysis, and opportunity outlook. The report also covers Europe’s market size, Y-O-Y growth, market players analysis, and opportunity outlook for countries such as the U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, and Rest of Europe. Asia-Pacific’s market size, Y-O-Y growth, market players analysis, and opportunity outlook are covered as well, along with the Middle East and Africa’s market size, Y-O-Y growth, market players analysis, and opportunity outlook for countries such as Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East and Africa.
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The following are significant aspects of the industry that may be relevant:
Market Size and Growth: The size of the market and its projected growth rate are essential factors that can provide valuable insights into the industry’s potential.
Competition: The level of competition in the market is a significant factor that can impact the pricing and profitability of companies operating in the industry.
Technology: Technology plays a critical role in the industry as search algorithms and consumer behavior continue to evolve rapidly.
Consumer Behavior: Understanding consumer behavior, such as search habits and preferences, can help companies optimize their marketing strategies and drive sales.
Regulatory Environment: The industry is subject to various regulatory requirements, including data protection and privacy laws, which can impact the way companies operate in the market.
Economic Factors: Economic factors, such as GDP, inflation, and consumer spending, can affect the growth and profitability of the industry.
Emerging Trends: Staying updated with emerging trends, such as voice search and artificial intelligence, can help companies stay ahead of the curve in the industry.
This report covers several key questions related to the global market, including:
- What can be expected for the market in the next decade?
- What are the primary drivers of growth in the global market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the market vary based on the size of the end market?
- What is the breakdown by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the market?
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