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Top Market Shifts Transforming the Interventional Cardiology Devices And Equipment Market Landscape: Key Insights
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 Interventional Cardiology Devices And Equipment Market Through 2025?
In recent times, there has been a significant expansion in the market size of interventional cardiology devices and equipment. Projected to rise from $14.6 billion in 2024, the market is expected to reach $15.65 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.2%. Factors such as user adoption, revenue generated from advertising, improvements in search algorithms, and the prevalence of mobile internet have contributed to this growth during the historic period.
What's the Projected Size of the Global Interventional Cardiology Devices And Equipment Market by 2029?
The market size for interventional cardiology devices and equipment is predicted to experience robust growth in the coming years, with its value estimated to reach $20.08 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.4%. The market's expansion in the anticipated period is attributed to factors such as voice search and AI assistants, semantic search, e-commerce integration, as well as data privacy and regulation. Noteworthy trends encompassing the future forecast period include zero-click searches, vertical search engines, video search, and the application of augmented reality in search.
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Top Growth Drivers in the Interventional Cardiology Devices And Equipment Industry: What's Accelerating the Market?
The upsurge in cardiovascular ailments is anticipated to boost the expansion of the interventional cardiology devices and equipment market. Such ailments pertain to the heart, blood vessels, and circulatory system, often brought about due to detrimental lifestyles, including poor nutrition, physical inactivity, stress, smoking, and obesity. As cardiovascular disease cases escalate, the demand for interventional cardiology devices also spikes, as these provide advanced solutions for minimally invasive procedures for heart patients, initiating market growth. To illustrate, the Australian Institute of Health and Welfare, a government agency from Australia, stated that in 2021, 14,100 deaths were certified by doctors as being due to coronary heart disease (CHD). This escalated to 14,900 deaths in 2022. Hence, the hike in cardiovascular conditions is expected to drive the expansion of the interventional cardiology devices and equipment market.
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What Are the Key Trends Driving Interventional Cardiology Devices And Equipment Market Growth?
The progression in interventional cardiology device technology is a key trend in the market. These advancements include high-tech imaging methods such as Intravenous Ultrasound (IVUS), Fractional Flow Reserve (FFR), and Optical Coherence Tomography (OCT). As per a research shared by the US CDC (Centers for Disease Control and Prevention), the way cardiovascular diseases are treated has drastically evolved due to the availability of new medicinal therapies and devices such as guidewires and stents, enabling patients to have longer and better lives.
What Are the Main Segments in the Interventional Cardiology Devices And Equipment Market?
The interventional cardiology devices and equipment market covered in this report is segmented -
1) By Type: Angioplasty Balloons, Angioplasty Stents, Catheters, Plaque Modification Devices, Other Interventional Cardiology Devices
2) By Age Group: New-born (0-30 days), Infant (31 days-1 year), Children (1-18 years), Adult (18+ years)
3) By Application: Hospitals, Clinics, Cardiac Catheterization Labs, Ambulatory Surgical Centers
Subsegments:
1) By Angioplasty Balloons: Normal Balloons, Drug-Eluting Balloons, Cutting Balloons
2) By Angioplasty Stents: Bare-Metal Stents (BMS), Drug-Eluting Stents (DES), Bioabsorbable Stents
3) By Catheters: Guiding Catheters, Balloon Catheters, Angiography Catheters
4) By Plaque Modification Devices: erec*tomy Devices, Thrombectomy Devices
5) By Other Interventional Cardiology Devices: Guidewires, Vascular Closure Devices, Inflation Devices
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Which Top Companies are Driving Growth in the Interventional Cardiology Devices And Equipment Market?
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 dic*kinson 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.
Which Regions Will Dominate the Interventional Cardiology Devices And Equipment Market Through 2029?
North America was the largest region in the global interventional cardiology devices and equipment market in 2024. 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.
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