IMARC Group, a leading market research company, has recently releases report titled “Interventional Cardiology and Peripheral Vascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global interventional cardiology and peripheral vascular devices market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big are the interventional cardiology and peripheral vascular devices market?
The global interventional cardiology and peripheral vascular devices market size reached US$ 25.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.0 Billion by 2032, exhibiting a growth rate (CAGR) of 7.07% during 2024-2032.
What are Interventional Cardiology and Peripheral Vascular Devices?
Interventional cardiology and peripheral vascular devices are closely related fields within the medical specialty of cardiology. Interventional cardiology primarily focuses on the diagnosis and treatment of heart diseases using catheter-based techniques, which involve the insertion of thin, flexible tubes called catheters into the blood vessels. These catheters can be guided to the heart or other blood vessels, allowing the interventional cardiologist to perform a range of procedures without the need for open surgery. On the other hand, peripheral vascular devices, are specifically designed for the diagnosis and treatment of conditions affecting the blood vessels outside the heart, primarily in the extremities, such as the legs and arms. These devices are used by interventional cardiologists, interventional radiologists, and vascular surgeons to address peripheral arterial disease (PAD) and other vascular conditions.
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What are the growth prospects and trends in the interventional cardiology and peripheral vascular devices industry?
The global market is majorly driven by the rising prevalence of cardiovascular diseases among the masses. Moreover, continual advancements in medical technology and device innovation play a crucial role in driving the market. These advancements have led to the development of more efficient and sophisticated interventional cardiology and peripheral vascular devices, allowing for improved precision, safety, and patient outcomes. Furthermore, the shifting preference towards minimally invasive procedures is significantly impacting the market. Compared to traditional open-heart surgeries and vascular surgeries, interventional cardiology and peripheral vascular procedures offer several advantages, including shorter hospital stays, faster recovery times, reduced complications, and improved patient comfort. Some of the other factors driving the market further include continual improvements in the healthcare sector and extensive research and development (R&D) activities conducted by key players.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Product Type:
- Inferior Vena Cava (IVC) Filters
- Plaque Modification Devices
- Hemodynamic Flow Alteration Devices
- Accessories
- Angioplasty Balloons
- Angioplasty Stents
- Angioplasty Catheters
- Endovascular Aneurysm Repair Stent Grafts
Market Breakup by Indication:
- Coronary Intervention
- Peripheral Arterial Disease
Market Breakup by Age Group:
- Geriatric
- Adults
- Paediatric
Market Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Abbott Laboratories
- B. Braun Melsungen AG
- Becton Dickinson and Company
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Cook Group Incorporated
- Cordis Corporation
- Koninklijke Philips N.V.
- Medtronic plc.
- Teleflex Incorporated
- Terumo Corporation
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