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2025-2034 Pediatric Interventional Cardiology Market Roadmap: Insights for Competitive Advantage
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Pediatric Interventional Cardiology Market Size By 2025?
There has been substantial growth in the pediatric interventional cardiology market size in the past few years. The market is projected to rise from $2.44 billion in 2024 to $2.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. Factors contributing to the growth during the historic period include heightened awareness of mycotoxins, strict regulatory norms, emphasis on animal health, the global expansion of poultry production, competitive aspects of the market, and enhanced farm productivity.
How Big Is the Pediatric Interventional Cardiology Market Size Expected to Grow by 2029?
There is an anticipation for robust expansion in the pediatric interventional cardiology market size in the upcoming years. It is forecasted to escalate to "$3.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.3%. The surge in this market during the forecast period can be credited to the booming poultry industry, effects of climate change, preference for organic products, international trade dynamics, government interventions, and an increase in health awareness. In the same forecast period, major market trends are expected to be the inclusion of technology, improvements in feed quality and safety, market amalgamation, joint research initiatives, incorporation of digitalization in farming, and advancements in feed technology.
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Which Key Market Drivers Powering Pediatric Interventional Cardiology Market Expansion and Growth?
The growth of the pediatric interventional cardiology market is anticipated to be driven by the escalating incidence of congenital heart disease. This term refers to any ailment that disrupts the heart's structure from birth. Pediatric interventional cardiology methods, which offer benefits such as faster patient recovery, a lower likelihood of infection, and minimal scarring compared to conventional open-heart surgery, are used to address this disease. Supporting this, the American Heart Association has revealed that in 2022, an estimated 40,000 infants across the U.S are afflicted by congenital heart maladies. The birth prevalence in the U.S is speculated at 12.3 per 1000. Adding to this, The Lancet, a British weekly medical periodical, in a 2022 publication affirmed that congenital heart disease is the most prevalent birth defect affecting almost 9 in every 1000 live births. Thus, the rising incidence of congenital heart disease is anticipated to steer the expansion of the pediatric interventional cardiology market.
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Which Fast-Growing Trends Are Poised to Disrupt the Pediatric Interventional Cardiology Market?
Product innovation is central in the pediatric interventional cardiology market. In February 2023, US-based Medtronic plc launched the Harmony Transcatheter Pulmonary Valve System, a minimally invasive treatment option for patients with congenital heart disease and dysfunctional RVOT. It eliminates the need for open-heart surgery and can be implanted through a small incision.
What Are the Emerging 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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Who Are the Global Leaders in the Pediatric Interventional Cardiology Market?
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
Which are the Top Profitable Regional Markets for the Pediatric Interventional Cardiology Industry?
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
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