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Surge In Congenital Heart Disease Fuels The Growth Of The Pediatric Interventional Cardiology Market Emerges as a Core Driver of the Pediatric Interventional Cardiology Market in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Pediatric Interventional Cardiology Market Through 2025?
In recent times, the pediatric interventional cardiology market has demonstrated significant growth. Its market size is projected to increase from $2.44 billion in 2024 to $2.6 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.3%. Factors like enhanced awareness of mycotoxins, strict regulatory norms, an emphasis on animal health, global expansion of poultry production, market competitiveness, and increased farm productivity have contributed to the growth in the historic period.
What's the Projected Size of the Global Pediatric Interventional Cardiology Market by 2029?
Anticipated to witness significant growth in the coming years, the market size for pediatric interventional cardiology is predicted to expand to $3.59 billion in 2029, with a compound annual growth rate of 8.4%. This projected increase in the forecasted period is attributed to various factors including the expanding poultry industry, impact of climate change, rising demand for organic products, changes in global trade dynamics, government initiatives and a growing awareness of health. Key trends expect to shape this forecasted period comprise technology integration, improving feed quality and safety, market consolidation, cooperative research initiatives, agricultural digitalization, and advancements in feed technology.
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Top Growth Drivers in the Pediatric Interventional Cardiology Industry: What's Accelerating the Market?
The pediatric interventional cardiology market's expansion is projected to be driven by a rise in congenital heart disease incidence. This condition involves any issue that has impacted the heart and its structure since birth. To treat congenital heart disease, pediatric interventional cardiology methods are used, offering benefits over conventional open-heart surgery, such as decreased recovery time, a lower chance of infection, and minimal scarring. For example, in 2022, the American Heart Association reported that about 40,000 newborns in the United States suffer from congenital heart defects, and the birth prevalence of these diseases is estimated at 12.3 per 1000 in the country. Furthermore, in 2022, The Lancet, a UK-based weekly peer-reviewed general medical journal, published a study stating that congenital heart disease is the most prevalent birth defect, impacting nearly 9 of every 1000 live births. Consequently, the rise in congenital heart disease cases will fuel the growth of the pediatric interventional cardiology market.
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Which Fast-Growing Trends Are Poised to Disrupt the Pediatric Interventional Cardiology Market?
A prominent trend in the pediatric interventional cardiology market is the emphasis on product innovation. Established companies in this field are increasingly bringing new, cutting-edge solutions to the table as a strategy to consolidate their market positioning. A case in point is the February 2023 launch of a trans catheter pulmonary valve called the Harmony Transcatheter Pulmonary Valve System by Medtronic plc., an American medical devices firm. This system provides a non-invasive alternative to open-heart surgery and is installed via a minor cut in the leg or neck. It's designed for patients who've previously had surgery for congenital heart disease and are dealing with a dysfunctional RVOT (right ventricular outflow tract) as a result of an earlier implanted conduit or bio prosthetic pulmonary valve. It is additionally recommended for patients with native or patched RVOT who necessitate a replacement of their pulmonary valve.
What Are the Main 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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Which Top Companies are Driving Growth 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 Regions Will Dominate the Pediatric Interventional Cardiology Market Through 2029?
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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