Interventional Cardiology Devices And Equipment Global Market Observe Highest Growth of $21.73 Billion with an Excellent CAGR of 8.8% by 2028 | GE Healthcare, Abbott Laboratories, Medtronic Inc., Cordis Corporation, Terumo Corporation

"The Business Research Company recently released a comprehensive report on the Global Interventional Cardiology Devices And Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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%. The growth in the forecast period can be attributed to personalized medicine, telehealth integration, global access to healthcare, robot-assisted interventions. Major trends in the forecast period include advanced imaging technologies, artificial intelligence (ai) in interventional cardiology, complex lesion treatments, next-generation drug-eluting stents (des).

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Market Drivers and Trends:

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.

Advancement in the technology of Interventional cardiology devices is one of the major trends in the market. 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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Major Key Players of the Market:

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, ACIST Medical Systems Inc., Cordis Corporation, Terumo Corporation, Edward Lifesciences Corporation, Cardinal Health Inc., iVascular GmbH, Becton Dickinson and Company, Teleflex Incorporated, Merit Medical Systems Inc., MicroPort Scientific Corporation, Asahi Intecc Co. Ltd., AngioDynamics, C. R. Bard Inc., Endologix Inc., Lombard Medical Limited, Spectranetics Corporation, Vascular Solutions Inc., W. L. Gore & Associates Inc., Cardiva Medical Inc., Cardiovascular Systems Inc., ClearStream Technologies Ltd., Contego Medical LLC, Shockwave Medical Inc.

Interventional Cardiology Devices And Equipment Market 2024 Key Insights:

• 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%.
• Rising Prevalence Of Cardiovascular Diseases Fuels Growth In The Interventional Cardiology Devices And Equipment Market
• Technological Advancements Transforming The Interventional Cardiology Devices Market
• North America was the largest region in the global interventional cardiology devices and equipment market in 2023

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