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Pediatric Interventional Cardiology Market Size Forecasted To Achieve $3.61 Billion By 2029 With Steady Growth
Pediatric Interventional Cardiology Market Size
What Is the Pediatric Interventional Cardiology Market Size and Projected Growth Rate?
The Pediatric Interventional Cardiology Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Pediatric Interventional Cardiology Market Size and Projected Growth Rate?
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What Are the Major Segments in the Pediatric Interventional Cardiology Market?
The pediatric interventional cardiology market covered in this report is segmented -
1) By Device Type: Closure Devices, Trans catheter Heart Valves, Atherectomy Devices, Catheters, Balloons, Stents, Other Device Types
2) By Procedure: Catheter-Based Valve Implantation, Congenital Heart Defect Correction, Angioplasty, Coronary Thrombectomy, Other Procedures
3) By End-Use: Clinical Testing Laboratories, Hospitals, Cardiac Centers, Pediatric Clinics, Research Institutions
Subsegments:
1) By Closure Devices: Atrial Septal Defect (ASD) Closure Devices, Ventricular Septal Defect (VSD) Closure Devices, Patent Ductus Arteriosus (PDA) Closure Devices
2) By Transcatheter Heart Valves: Transcatheter Aortic Valve Replacement (TAVR) Devices, Transcatheter Mitral Valve Repair Devices, Transcatheter Pulmonary Valve Replacement Devices
3) By Atherectomy Devices: Directional Atherectomy Devices, Rotational Atherectomy Devices, Laser Atherectomy Devices
4) By Catheters: Diagnostic Catheters, Therapeutic Catheters, Guiding Catheters
5) By Balloons: Balloon Angioplasty Balloons, Intra-Aortic Balloons, High-Pressure Balloons
6) By Stents: Drug-Eluting Stents, Bare-Metal Stents, Bioresorbable Stents
7) By Other Device Types: Vascular Closure Devices, Hemodynamic Monitoring Devices, Electrophysiology Devices
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What Are The Driving Pediatric Interventional Cardiology Market Evolution?
The surge in congenital heart disease incidence is set to drive the expansion of the pediatric interventional cardiology market. This condition, referring to any heart-related issue present from birth, is addressed through pediatric interventional cardiology procedures, which come with benefits such as quicker healing periods, lesser chances of infection, and minimal scarring when compared to conventional open-heart surgeries. For example, data from the American Heart Association revealed that around 40,000 infants in the U.S. were affected by congenital heart faults in 2022, estimating a congenital heart disease birth prevalence of 12.3 per 1000 in the nation. Moreover, a 2022 article in The Lancet, a UK-based weekly peer-reviewed general medical journal, highlighted that congenital heart disease holds the record for being the most frequent birth defect, impacting roughly 9 out of every 1000 live births. Therefore, the rise in instances of congenital heart disease will significantly fuel the pediatric interventional cardiology market's growth.
Which Firms Dominate The Pediatric Interventional Cardiology Market Segments?
Major companies operating in the pediatric interventional cardiology market include Medtronic plc, GE HealthCare Technologies Inc., Abbott Laboratories, Terumo Corporation, W.L. Gore & Associates Inc., Boston Scientific Corporation, Edwards Lifesciences Corporation, Siemens Healthineers, Numed Inc., St. Jude Medical Inc., Cordis Corporation, Koninklijke Philips N.V., Biotronik, B. Braun Melsungen AG, Canon Medical Systems Corporation, Gore & Associates Inc., Johnson and Johnson, Cook Group LLC, Teleflex Incorporated, Merit Medical Systems Inc., MicroPort Scientific Corporation, Lepu Medical Technology (Beijing) Co.Ltd., Biosensors International Group Ltd., Cardiac Science Corporation, Asahi Intecc Co.Ltd., Medinol Ltd., Jotec GmbH, Hexacath Ltd., Translumina GmbH
What Trends Are Expected to Dominate the Pediatric Interventional Cardiology Market in the Next 5 Years?
The pediatric interventional cardiology sector is seeing a significant trend in product innovation. Major industry players are launching inventive solutions to consolidate their market standing. An example is the Harmony Transcatheter Pulmonary Valve System which was launched by Medtronic plc., a medical devices corporation based in the US, in February 2023. This system, a minimally invasive replacement for open-heart surgery, can be inserted via a small cut in the patient's leg or neck. It is specifically designed for those patients who have had prior surgery for congenital heart disease and currently have a dysfunctional RVOT (right ventricular outflow tract) due to an earlier implant of a conduit or bio prosthetic pulmonary valve. It also serves those with a native or patched RVOT that necessitate a pulmonary valve replacement.
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Which Is The Largest Region In The Pediatric Interventional Cardiology Market?
North America was the largest region in the pediatric interventional cardiology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global pediatric interventional cardiology market during the forecast period. The regions covered in the pediatric interventional cardiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pediatric Interventional Cardiology Market?
2. What is the CAGR expected in the Pediatric Interventional Cardiology Market?
3. What Are the Key Innovations Transforming the Pediatric Interventional Cardiology Industry?
4. Which Region Is Leading the Pediatric Interventional Cardiology Market?
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