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Future of the Interventional Cardiology Devices And Equipment Market: Trends, Innovations, and Key Forecasts Through 2034
Interventional Cardiology Devices And Equipment
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Interventional Cardiology Devices And Equipment Market Size Growth Forecast: What to Expect by 2025?_x000D_
There has been robust growth witnessed in the market size of interventional cardiology devices and equipment in the past few years. The market value will rise from $15.72 billion in 2024 to $17.29 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.0%. Factors such as user adoption, advertising revenue, search algorithm improvements, and mobile internet have been instrumental in driving the growth during the historical period._x000D_
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How Will the Interventional Cardiology Devices And Equipment Market Size Evolve and Grow by 2029?_x000D_
The market for interventional cardiology devices and equipment is projected to experience robust growth in the upcoming years, with an expected valuation of $21.9 billion by 2029, a compound annual growth rate (CAGR) of 6.1%. This growth during the prediction period can be credited to the integration of voice search and ai assistants, semantic search, e-commerce, and adherence to data privacy and regulation. Predominant trends for the forecast period encompass zero-click searches, specialized search engines, video searching, and the application of augmented reality in searches._x000D_
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What Drivers Are Propelling the Growth of Interventional Cardiology Devices And Equipment Market Forward?_x000D_
The interventional cardiology devices and equipment market is expected to experience growth driven by the surge in cardiovascular diseases. These health complications, which involve the heart, circulatory system, and blood vessels, are increasing due to factors such as unhealthy diets, an inactive lifestyle, stress, tobacco use, and obesity. The rising occurrence of these diseases is subsequently heightening the demand for interventional cardiology equipment, as a growing number of heart patients necessitate advanced, minimally invasive treatment methods, contributing to market expansion. For example, in June 2024, the Australian Institute of Health and Welfare, a government agency in Australia, reported certified doctor deaths due to coronary heart disease (CHD) at 14,100 in 2021, which escalated to 14,900 in 2022. As such, the escalation in cardiovascular diseases will drive the growth of the interventional cardiology devices and equipment market going forward._x000D_
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Which Emerging Trends Are Transforming the Interventional Cardiology Devices And Equipment Market in 2025?_x000D_
Improvements in the technology used in Interventional cardiology devices constitute a significant trend in the market. These advancements incorporate sophisticated imaging modes like Intravenous Ultrasound (IVUS), Fractional Flow Reserve (FFR), and Optical Coherence Tomography (OCT). For instance, based on a research issued by the US CDC (Centers for Disease Control and Prevention), the approach to treating cardiovascular diseases has been greatly altered due to the integration of new medications and tools such as guidewires and stents that enable patients to have a better and longer life span._x000D_
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What Are the Key Segments in the Interventional Cardiology Devices And Equipment Market?_x000D_
The interventional cardiology devices and equipment market covered in this report is segmented - _x000D_
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1) By Type: Angioplasty Balloons, Angioplasty Stents, Catheters, Plaque Modification Devices, Other Interventional Cardiology Devices _x000D_
2) By Age Group: New-born (0-30 days), Infant (31 days-1 year), Children (1-18 years), Adult (18+ years)_x000D_
3) By Application: Hospitals, Clinics, Cardiac Catheterization Labs, Ambulatory Surgical Centers _x000D_
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Subsegments:_x000D_
1) By Angioplasty Balloons: Normal Balloons, Drug-Eluting Balloons, Cutting Balloons _x000D_
2) By Angioplasty Stents: Bare-Metal Stents (BMS), Drug-Eluting Stents (DES), Bioabsorbable Stents _x000D_
3) By Catheters: Guiding Catheters, Balloon Catheters, Angiography Catheters _x000D_
4) By Plaque Modification Devices: Atherectomy Devices, Thrombectomy Devices _x000D_
5) By Other Interventional Cardiology Devices: Guidewires, Vascular Closure Devices, Inflation Devices_x000D_
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Who Are the Key Players Shaping the Interventional Cardiology Devices And Equipment Market's Competitive Landscape?_x000D_
Major companies operating 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, 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. _x000D_
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What Geographic Markets Are Powering Growth in the Interventional Cardiology Devices And Equipment Market?_x000D_
North America was the largest region in the global interventional cardiology devices and equipment market in 2023. Western Europe was the second-largest region in the interventional cardiology devices and equipment market. The regions covered in the interventional cardiology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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