Interventional Cardiology and Peripheral Vascular Devices Market Growth Rate, Revenue, Demand featuring companies like Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, C. R. Bard, Inc., Cardinal Health, Inc. and more

The position for Interventional Cardiology and Peripheral Vascular Devices Market is expected to reach $ 25,349 million by 2022 and is expected to record a CAGR of 9.7% over 2016-2222.

The angioplasty stent system is estimated to generate the highest revenue in all segments throughout the forecast period due to technological advances and bioabsorbable stent development. North America has taken a leading position in the global market in 2015 and is expected to continue to be a leader in the future. This is due to increased incidence of heart attack, changes in lifestyle, and high adoption of interventional cardiac and peripheral vascular devices in the area.

Increased elderly population, increased prevalence of chronic diseases, changes in people's lifestyles, technological advances in devices, improved healthcare infrastructure in developing countries, the development of minimally invasive procedures and increased patient awareness promote market growth. However, strict admission procedures for interventional cardiology and peripheral vascular devices are a major factor impeding market growth.

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Key players have adopted product development as their key strategy to cater to the changing needs of the industry.

Major players operating in this market include
• Abbott Laboratories
• B. Braun Melsungen AG
• Boston Scientific Corporation
• C. R. Bard Inc.
• Cardinal Health Inc.
• Cook Medical Inc.
• Medtronic plc
• St. Jude Medical Inc.
• Terumo Corporation
• The Spectranetics Corporation.

As of 2015, Medtronic dominated the overall renal denervation market, followed by Abbott Laboratories and Boston Scientific Corporation.

Plaque modification devices are projected to be thefastest growing segment, with a CAGR of 13.7% from 2016 to 2022, as these devices provide an efficient alternative when ballooning of arteries fail. In addition, plaque removal is also important before a stent implant as this helps in prevention of restenosis in the arteries. Apart from this, increase in incidences of plaque buildup in coronary as well as peripheral arteries and minimally invasive nature of the procedure will also drive the market.

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Bioabsorbable stents system is expected to register a very high CAGR of 46.0% during the forecast period as this system is fully absorbed into the body and eliminates chances of restenosis. In addition, bioabsorbable stents improve endothelial function, avoid the loss of blood, and restore normal vasomotion. This is not possible when bare metal stents are used. Therefore, bioabsorbable stents would grow with a very high growth rate.

Key findings of the Interventional Cardiology and Peripheral Vascular Devices Market:
• On the basis of product type, angioplasty stents segment accounted for more than half of the total market in 2015.
• Plaque modification devices are expected to grow at high rate (with a CAGR of 13.7%) as use of these devices before stent implant decreases the chances of restenosis.
• North America accounted for more than one-third of the total market in 2015, and it is projected to lead the overall market in the forecast period.
• Asia-Pacific is expected to be the fastest growing region (with a CAGR of 10.4%) throughout the analysis period, owing to presence of ample growth opportunities in terms of unmet medical needs for the treatment of cardiac disorders in this region.

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