The global market for interventional
cardiology devices is expected to reach USD 26.06 billion by 2020,
according to a new study by Grand View Research, Inc. Growing global
geriatric population base and the prevalence of cardiovascular diseases
are expected to drive market demand over the next six years. Growing
demand for minimally invasive procedures owing to shorter hospital stays
and faster patient recovery times associated with them is also expected
to enhance device demand. The introduction of technologically advanced
products such as bio-absorbable stents exhibiting higher efficacies in
terms of curbing re-stenosis prevalence is expected to be a key
opportunity for market participants.
Stents dominated the overall market in
2013, with revenue estimated at USD 10.31 billion. High price and usage
rates associated with these products and the introduction of new
products enabled with technological advancements, are some of the
factors attributing to its large share.
The report “Interventional
Cardiology Devices Market Analysis By Product (Catheters, PTCA
Guidewires, Stents, Balloon Inflation Devices, PTCA Balloons) And
Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at
http://www.grandviewresearch.com/industry-analysis/interventional-cardiology-devices-market-analysis
http://www.grandviewresearch.com/industry-analysis/interventional-cardiology-devices-market-analysis
Further key findings from the study suggest:
• Catheters were another key product
segment in the market, with revenue estimated at over USD 1.50 billion
in 2013. The introduction of new products exhibiting relatively higher
efficacies such as angiography catheters is expected to drive catheter
demand during the forecast period.
• North America was the largest regional market in 2013, accounting for over 33.0% of global revenue. The presence of high healthcare expenditures, patient awareness levels and sophisticated healthcare infrastructure are some of the factors accounting for its large revenue share.
• Asia Pacific interventional cardiology devices market is expected to grow at the highest CAGR of over 8.5% from 2014 to 2020, owing to the presence of high unmet medical needs in countries with high economic development such as India and China
• Key industry participants include Abbott Laboratories, Terumo Medical Corporation, Medtronic Inc., B Braun Melsungen AG, Johnson & Johnson, Boston Scientific Corporation and others.
• North America was the largest regional market in 2013, accounting for over 33.0% of global revenue. The presence of high healthcare expenditures, patient awareness levels and sophisticated healthcare infrastructure are some of the factors accounting for its large revenue share.
• Asia Pacific interventional cardiology devices market is expected to grow at the highest CAGR of over 8.5% from 2014 to 2020, owing to the presence of high unmet medical needs in countries with high economic development such as India and China
• Key industry participants include Abbott Laboratories, Terumo Medical Corporation, Medtronic Inc., B Braun Melsungen AG, Johnson & Johnson, Boston Scientific Corporation and others.
For the purpose of this study, Grand
View Research has segmented the global interventional cardiology devices
market on the basis of product, application and region:
• Interventional Cardiology Devices Product Outlook
• Interventional Catheters
• IVUS Catheters
• Guiding Catheters
• Angiography Catheters
• PTCA Guidewires
• Stents
• Drug Eluting Stents
• Bare Metal Stents
• Bio-Absorbable Stents
• Balloon Inflation Devices
• PTCA Balloons
• Cutting Balloons
• Scoring Balloons
• Drug Eluting Balloons
• Normal Balloons
• Interventional Cardiology Devices Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
• Interventional Catheters
• IVUS Catheters
• Guiding Catheters
• Angiography Catheters
• PTCA Guidewires
• Stents
• Drug Eluting Stents
• Bare Metal Stents
• Bio-Absorbable Stents
• Balloon Inflation Devices
• PTCA Balloons
• Cutting Balloons
• Scoring Balloons
• Drug Eluting Balloons
• Normal Balloons
• Interventional Cardiology Devices Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a market
research and consulting company that provides off-the-shelf, customized
research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and energy. With a deep-seated
understanding of varied business environments, Grand View Research
provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
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