Interventional Cardiology & Peripheral Vascular Devices Market to Register Phenomenal Growth Rate Over 2021-2026

The interventional cardiology & peripheral vascular devices market is predicted to accrue momentous growth ascribed to growing need for technologically advanced CVD treatments & solutions. Increasing occurrence of chronic cardiovascular disorders has compelled several patients to look for effective treatment options like interventional cardiology procedures.

Growing adoption of new-age diagnostic and treatment devices coupled with surging availability of highly skilled healthcare professionals could drive the business prospects of interventional cardiology & peripheral vascular devices manufacturers and suppliers. According to the World Health Organization (WHO), every year nearly 17.9 million people die from cardiac disease, contributing to almost 31% of the total deaths around the world. In addition to this, it is reported that 85% of all CVD deaths are related to strokes and heart attacks.

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Endorsed by an expansive product segmentation, interventional cardiology & peripheral vascular devices market is predominantly characterized by PTCA balloons segment. Industry experts have claimed that the segment would grow at a rate of 8.6% through 2026, primarily due to the product’s growing demand for minimally invasive interventional procedures. These devices add to the many merits such as reduced narrowing of artery to enhance the blood flow, which escalate its adoption across various end-use industries and applications.

Speaking of the applications, interventional cardiology and peripheral vascular devices are largely used in valvuloplasty, which helps in narrowing pulmonary and mitral valves. In fact, a statistical rise in valvular diseases is also touted to enhance the product deployment. As a matter of fact, CDC report suggests that nearly 13 per cent of global population suffers from valvular heart disease, and this count is expected to have an immense impact on interventional cardiology & peripheral vascular devices market, as the industry had held a segmental share of USD 1.5 billion in 2019.

Regionally, interventional cardiology and peripheral vascular devices industry is diversified into some major regions including North America, Europe, and Asia Pacific. Of these, the growth predominantly comes from North America, which is all set to emerge as a growth hub for the industry in the years to come. In fact, it was seen that the regional interventional cardiology & peripheral vascular devices market accounted for a business share of USD 5 billion in 2019 and is further anticipated to amass considerable gains over the forthcoming years. Thanks to the feasibility of advanced coronary artery disease treatment in the region.

Prominent industry participants are engaging in a number of organic as well as inorganic growth strategies like business expansions, product innovations, and marketing campaigns to broaden their market share and customer base. In September 2020, AngioDynamics launched Auryon atherectomy system in the United States to enhance its regional dominance.

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Partial Chapter of the Table of Content

Chapter 5. Interventional Cardiology & Peripheral Vascular Devices Market, By Application

5.1. Key segment trends

5.2. Congenital heart defect correction

5.2.1.  Market size, by region, 2015 - 2026 (USD Million)

5.3. Coronary thrombectomy

5.3.1.  Market size, by region, 2015 - 2026 (USD Million)

5.4. Angioplasty

5.4.1.  Cardiology & Peripheral Vascular Devices Market size, by region, 2015 - 2026 (USD Million)

5.5. Valvuloplasty

5.5.1.  Market size, by region, 2015 - 2026 (USD Million)

5.6. Percutaneous valve repair

5.6.1.  Market size, by region, 2015 - 2026 (USD Million)

5.7. Others

5.7.1.   Market size, by region, 2015 - 2026 (USD Million)

Chapter 6. Interventional Cardiology & Peripheral Vascular Devices Market, By End-use

6.1. Key segment trends

6.2. Hospitals

6.2.1.  Market size, by region, 2015 - 2026 (USD Million)

6.3. Ambulatory surgical centers

6.3.1.  Cardiology & Peripheral Vascular Devices Market size, by region, 2015 - 2026 (USD Million)

6.4. Others

6.4.1.  Interventional Cardiology & Peripheral Vascular Devices Market size, by region, 2015 - 2026 (USD Million)

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