Rising Cardiovascular Diseases Propel Growth in the Interventional Cardiology Devices and Equipment Market || GE Healthcare, Abbott Laboratories, Boston Scientific Corporation

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The Business Research Company's Interventional Cardiology Devices And Equipment Global Market Report 2023 identifies the interventional cardiology devices and equipment market is being driven by an increase in cardiovascular diseases. Cardiovascular diseases are health problems that are associated with the blood vessels, circulatory system as well as heart. The rise in cardiovascular diseases has led to a rise in healthcare expenditure in the medical equipment market which further drives the interventional cardiac devices and equipment market. According to an estimate by Centers for Disease Control and Prevention (CDC), heart diseases caused 697,000 deaths in 2020. Further, according to an estimate by WHO, cardiovascular diseases are expected to account for 23.6 million deaths by 2030.

The interventional cardiology devices and equipment market size has grown strongly in recent years. It will grow from $14.1 billion in 2023 to $15.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, patient demand for minimally invasive procedures, clinical guidelines and research. The interventional cardiology devices and equipment market size is expected to see strong growth in the next few years. It will grow to $21.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.

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Major competitors in the interventional cardiology devices and equipment market include GE Healthcare, Abbott Laboratories, Boston Scientific Corporation, Medtronic Inc., Johnson & Johnson, B. Braun Melsungen AG, Biosensors International Ltd., Novacam Technologies Inc., Cook Medical LLC, Biotronik SE & Co. KG.

A key trend in the interventional cardiology devices and equipment market includes advancement in the technology of Interventional cardiology devices. Advanced devices cover technologically advanced imaging modalities such as Intravenous Ultrasound (IVUS), Fractional Flow Reserve (FFR), and Optical Coherence Tomography (OCT). For instance, according to a study published by the US CDC (Centers for Disease Control and Prevention), the treatment of cardiovascular diseases has changed substantially due to the introduction of new drug therapies and devices such as guidewires and stents which allow the patient to live quality and longer lives.

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The interventional cardiology devices and equipment market covered in this report is segmented -

1) By Type: Angioplasty Balloons, Angioplasty Stents, Catheters, Plaque Modification Devices, Other Interventional Cardiology Devices

2) By Age Group: New-born (0-30 days), Infant (31 days-1 year), Children (1-18 years), Adult (18+ years)

3) By Application: Hospitals, Clinics, Cardiac Catheterization Labs, Ambulatory Surgical Centers

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the global interventional cardiology devices and equipment market.

The Business Research Company's "Global Interventional Cardiology Devices And Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Interventional Cardiology Devices And Equipment Market Include:
1. Executive Summary
2. Interventional Cardiology Devices And Equipment Market Characteristic
3. Interventional Cardiology Devices And Equipment Market Trends And Strategies
4. Interventional Cardiology Devices And Equipment Market - Macro Economic Scenario
5. Interventional Cardiology Devices And Equipment Market Size And Growth
……………
27. Interventional Cardiology Devices And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Interventional Cardiology Devices And Equipment Market
29. Interventional Cardiology Devices And Equipment Market Future Outlook And Potential Analysis
30. Appendix

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